Member Info for fonters

No Ford. You see, I know that whatever I tell you, you will choose not to believe it. So it's far better for you to go to an impartial legal expert. It will cost you a little bit, but you will then know, and have no doubt. Better all round.

That has all been dealt with in thousands of posts Ford. I would recommend a call to an insolvency lawyer - they'll put you straight, and you can then be in no doubt. It will cost you a few quid though.

Absolutely mizman. Those who are pretending to have written this off are, I believe, in for an almighty shock.

Good to see Roy and his fellow trolls on the dark side getting their knickers in a right old twist. The next few days will be interesting. Wonder how many 1p shares will be available. PMSL.

Merry Christmas everyone. And a happy, chilled relaxed and prosperous 2019 to us holders.

As far as the price here goes, I think move the dot (yet) another place, then halve the resulting mcap. At 350k for this outfit you'd be unlikely to see a profit - but much more likely than from a valuation of seven million!!!

I think you'll find this is the Pxs board alf - at least for now. Are WRN and PXS linked? I certainly hope not. Much much much further to fall here - mcap 7 million and nothing but losses.

Sells bearing down on the lowest bid ever. No buys, at all, so who knows how low they would be. Losses well into 6 figures every year. Vague hope that the answer might be in China (it isn't, but some need the hope). All this could be yours for the absute rip off price of 7 million.

Which to be fair wasn't entirely the shareholders fault. At least the staff now get paid whilst they seek alternative employment. If they've any sense at least.

You did indeed 1onic. We're you thanked for your advice? No. And now the shareholders - who employ the board, who could have removed all or any of the board, annually, want to charge the board with being asleep at the wheel? Shareholders asleep, blindfolded and ****ed at the wheel more like.

I agree it has been done in a shocking way. But your money was lost a long time ago. There was no equity value (ie shareholder value) here whatever happened. No one would lend jpr the 300million they needed. Issuing new shares to the value of 300million would have been both impossible and diluted existing holders down to fractions of pennies. Either way, shareholders here were on a hiding to nothing.

Look at it this way. Had this gone bust the old fashioned way, the shareholders would still have received nothing. This way at least the business - and jobs - carry on.

Not being traded. Suspended for today, with shares being cancelled tomorrow, according to the RNS.

Busy on here - somethings in the wind. Is Flybe worth more than 20million? Yes, I think it is. SP going up then.

Gary - you run multimillion pound contracts and still get upset by what someone else posts here??? I am so glad you don't work for me!

I'm sorry deepest blue, but that's total nonsense. Most shareholders hold shares in a nominee account. They're still shareholders! MMs and brokers did indeed know a long time ago that this was going under - as did almost everyone else on earth, hence the value of less than 3 million placed on the company. And it is because you are equity holders that you (rightly) come last in the queue. That's the whole point!!!

Cards on the table, I don't see how JPR, or ultimately any other print news publisher will survive. But I do agree with The Viking's analysis. Stinks to high heaven. It was however, given the BOD's previous attitude to shareholders in general and Custos in particular, somewhat predictable. And for Mr King to remain at the helm - that is absolutely indefensible.

Done and dusted. Assets bought by JPIMedia.

Well, as I said in October, administration it is. I did think they'd manage to flog the I and scotsman first but even that was beyond them. Interesting to see what the viking does next. Maybe he's already in bed with the new owners?

I think what will happen is this. JPR will sell off the I and Scotsman, use the cash to payoff some of the debt, and the remaining business will go into administration.