Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
I suppose it comes down to the qualty of the business and management, do the other companies have huge milestone payments coming (not guaranteed offcourse) will redx stand out from the other hopefulls.
I'm a bit of a novice at this, I'd appreciate if you could explain how post delisting that pi's would get diluted into oblivion, just say they raise from their exsisting institutional investers, they issue a shedload of new shares, does that not dilute the institutional investers to..? And the chief executive's holding, i thought the idea of delisting was to get access to capital from private equity funds, and to have a true valuation of the company going forward, and why would they bother screwing a mere 16% of private investors, we have a year (minimum) to trade these shares offmarket, i would hope a fundraise would come based on the true value of the company, milestone payments and other deals in the pipeline, and a listing on the nasdaq..
If i had the money, nerve, patience, and understanding of how the delisting will work, (im somewhat comfortated (if you can call it comfort) that there will be a trading facility, and the remaining 84% of private eqity investors will want to see good retuns) i would probably buy some more,.. As it is, im down 75% so will hold.
I dont know how it will work with redx"s matched bargain facility, but on asset match, there is an auction every three months, you offer your shares for a certain price, and a buyer offers to buy at a certain price, if the demand is high enough, and you havnt asked for too high a price, then you will be able to sellthe selling price is taken on the average offer price on the last day of the auction, for example, if one buyer wants 10 thousand shares, there's 5 sellers with 2500 shares each, 1 is asking 9p, three are asking 10p, 1 is asking 11p, the 10p"s will go through, and the 9p will get 10p too, the 11p will be frozen out
The company is making arrangement for a matched bargain facility, you will still be able to trade your shares, and if the company beleives that going private is the way forward, then the remaining private investors could do well, i was in fasjet when they went private, and was able to sell on asset match with no loss.
II find the "I told you so" posts truly unhelpful, why do these derampers even bother, are they sitting at home in their pipe and slippers with nowt else other to do than gloat, in-between watching day time telly, eating pot noodles, and drinking supermarket own brand beer, saving themselves a couple of quid so as to punt on the next big thing while being bitter about losses on the share they have deramted , what's done is done, Angus will get funding on the best terms that they can in an unfavorable climate, what's the alternative,.. Go bust, relinquish their licence,.. I can't say what will happen down the line, but surely.. Perceived expensive funding is better than no funding at all.
If and when fjet de lists, you still own shares, what happens if it gets funding, expands, and eventually pays dividends.? Even though the shares will be difficult to trade, they will still have a worth, and you still own a part of the company,... Or am I being too optomistic..?
This could turn out to be an excellent piece of business, if all goes well, they're looking at 150 bpd, 16.5% share would give mosman around 25 bpd,on a 100kish investment they'd get there stake back in no time, and offcourse, access to future opportunities, the board have been prudent so far, (with one or two exceptions)...this can only be a good thing, calculated risk as I see it...
I'm no financial woes kid, but.. ...it seems to me that when the share price was at .004p this company was priced to fail, it now seems unlikely, the board are taking a very measured approach with their investments, and slowly but surely are adding projects at a good price that will add value, one poster has noted that we have been diluted 80%, but taken on a share price of 40p a few years ago, that would still leave us at 8p..(approximately 10 bag from here) ok, we don't have new Zealand licence any more, but that was going to be a big financial drain)...if this company can start to turn a profit on a consistent basis, then who knows where the share price could go....I'm in...
Jersey, .. you've summarised well, gold is a universal currency, better than dollars, bitcoin, or North Korean tiddlywinks, management seem to be honest, motivated, and know what they're doing, and projects are first class, ...I have read about the devil's of overstating, this is to say, that exploration companies say..'"we've got loads" do you want it?, And the miners get their fingers burnt, because they've overpaid for less than is commercially viable,...I don't think this is the case with GGP,...I love the term bonanza find,...seems that the gold is there,..it's just about doing the right deals,...and I do believe this management can pull it off...
Completely off topic, ...I love the word "thunk"..
I am happy to pay £150 to the legal fund, I paid £1500 for my shares, and they were worth £880 at suspension, will members that stand to lose say...£50,000, pay in a proportionally higher amount, 140 x £150 is a little over 21 k, how far will that go in legal fees. I remain positive.
The problem is Stubhoy, the temptation is to throw good money after bad, i don't know much about new share issue's but they would have to be offered at preferential terms to existing shareholders to make such an investment worth while, questions remain of their business practices, its clear that accounting faults were a smokescreen for the share suspension, they were very obviously in trouble, wext pay cheque will keep we've all done it, scraped by, paid a bill with a credit card, hoping our next pay cheque will cover it, this company (blaming the previous company) is doing the same, i had great belief in the product (intabet) i thought it could be the next "betfair" but astonishingly!! its dropping(or trying to flog) the whole concept, and changing tack to a completely different business, I doubt if anyone in mdc reads this board, after all, we are just "little people" in their eyes, perhaps i'm just a little pee'ed off with this whole affair, but who wouldn't be, think i'll stick my money under the mattress from now on...
What gets me is that, a quoted company can be so belligerent, "oh its not our fault, its somebody else, blame blame blame" hold your hands up, admit mistakes, investors might be more forgiving(****ed off, but forgiving) all this "cessation of business, legacy issues" ok i'm simplifying things, but i think i'll start up a company, call it "only fools and horses" make clever use off words to attract investors(fools) and see where it gets me, i cant lose, its a win win, the company works, everyone's happy, it fails! well, its not my fault, i'm not accountable, and i've still got a roof over my head, and tomorrows another day, i can do it all over again until i get lucky...
Yeah liam, i am a glass half full type of person, i'd like to think that intabet is worth loads of money, and mdc can negotiate a deal that will re-imburse share holders, but frankly, they dont seem to be in a winning hand position, they have no money, just a patent on an idea(if that) i dont get the new involvement with an oil and gas company, at the end of the day, a bankrupt company, trying to dig itself out of a hole,will only benefit the directors of the ex/new company through salary/fees/commission being paid, i'd love to see some sort of money back, please prove me wrong Phil....
I'm in for £4500, and really i feel a fool, we are getting drip fed to be receiving next to nothing, how can a company legally operate like this, purple lounge, then mdc, now leopard, what next, "all mugs invited plc" its no excuse at all "legacy issues" before starting the new company, all that should have been sorted out, and now to start up a new company investing in oil and gas, well thats just a bare faced cheek, its not in the slightest related,(suppose its gambling) no doubt "leopard" will ask for some money from ex mdc punters, using words such as , opportunity, exciting,dynamic, i hate repeating myself, but i really feel like an idiot for not researching this company before...