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Fair point Joe.
This is positive:
"........secured two contracts in Albania that are expected to generate gross sales revenue of up to €114 million in total over the first three years"
I personally don't want them to overstretch themselves.
Other contracts will come.
You seem to be in a hurry Joe.
And how are you going to get Art to repay this debt Stas?
Throw some words on a messageboard?
You know that the regulation of companies on the stock markets is not fit for purpose? You know that the shareholder vote means nothing when he has the vote tied up?
I hear you. Everyday in fact.
I share your frustrations. Everyday.
So stop blaming the posters that share your frustrations because we can do nothing except buy or sell.
Art is probably reading this but he ain't listening. Why should he when him and his possie are making a personal fortune, whilst laughing their heads off at us lot. He will also be feeling comfortable at the thought that we can do f all about it.
This sticks in my mind.
Remember that interview in December (I think). Lasted about 50 minutes. There was a white cupboard / wardrobe in the background.
Just after halfway , Art said (again) that the the potential JV partner approached him. The statement that got me was something like "we are hoping to get this completed sometime in January". 5 months later........
Me thinks that we need to kick this guy out, along with the other cronies that are getting paid handsomely for delivering f all.
Put this whole s. show up for sale.
Granted. Spreadex are out but that is always a good thing in my opinion.
Regarding the last two TR1's.
The threshold was crossed on 2nd June.
The share conversion on the RTO would have reduced the holdings of these big boys significantly. Like it did for me and you.
Eco Buildings.
https://eco-buildings.net/
Thank you Casper. Great stuff.
Would be interesting to know the rough profit margin on the sale of these buildings.
I asked myself, would I live in one of these? The answer is a definite yes.
https://www.eco-buildingsplc.com/
Not forgetting the marble side of the business.
https://www.foxmarble.net/
One of my employer's clients are a prefab business (homes) and I can confirm after attending their recent stock take that their projected sales are massive. Cheaper housing is going to become common place across the world IMO. Even better is that ECOB are a greener company. Wasn't bothered about FOX until Casper kept bleating on about the litigation case, so I bought a few :-)
I have been buying more ECOB shares since the IPO because I like the business model. The BOD look like they know what they are doing and where they want to be. They are even going to use the marble that FOX have.
Casper. Can you direct me to where it states that 80% of the holders on RTO are locked in? It isn't that I don't believe you, it is just that I can't find it when I looked.
I now have the option to sell but I'm not going to.
I like the Eco Building project.
Wondering why some of you want to sell?
ECOB looks like a great business going forward as long as they don't dilute the (bleep) out of it.
The potential litigation payout is a Brucie Bonus.
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A deal to acquire a Wiltshire steel company has collapsed amid claims of abusive and threatening behaviour.
The £31m deal to buy the Malmesbury based Megasteel had been agreed by M&A specialist More Acquisitions.
But following an announcement on the stock market regarding the deal the board of the Wiltshire firm were subjected to a tirade of abuse and vitriol.
As a result of the campaign by people claiming to be More shareholders the Megasteel board took the decision to pull the plug on the deal.
More Acquisitions has since published details of the hate campaign in a statement to the Stock Market.
Revised terms of the proposed acquisition were published this week and the board of Megasteel were holding detailed conversations with More stakeholders.
Following the discussion both the More and Megasteel Boards agreed to press ahead with the deal which would have taken place in the autumn.
The statement to the Stock Market revealed unsolicited and unprecedented actions by “individuals other than the shareholders directly contacted by the company” made it impossible to move the deal forward.
The statement said: “In particular, it has become apparent that parties claiming to be shareholders in More have approached Megasteel’s management and owners directly in recent days and engaged in abusive and threatening behaviour which has, understandably, been viewed as totally unacceptable by the owners of Megasteel.
“As reiterated in earlier announcements by More, Megasteel is a cash flow positive, profitable, business, with a year-end cash position of over £10m. There is, and will remain, no financial or operational imperative for Megasteel to seek a stock market listing.
“It is therefore completely understandable, if entirely regrettable, that, faced with an unwarranted tirade of abuse and vitriol directly addressed at them, the board and owners of Megasteel yesterday afternoon formally informed the company that it was withdrawing from the acquisition.”
The statement added: “The directors believe that termination of the acquisition at this very late stage, after over eight months of successful due diligence, is not only deeply disappointing but was also entirely avoidable. But for the completely unacceptable and profoundly offensive actions of certain individuals, all More shareholders would shortly have had a chance to individually decide whether or not to approve the Acquisition.
“It is self-evident that shareholders in More have the right to make their views known to the company and its professional advisers, a right which observers will be aware has been properly and legitimately publicly exercised by a number of company stakeholders in recent days. However, aggressive, abusive and threatening behaviour, targeted directly at Megasteel’s owners and managers, is totally unacceptable.”
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Rod McIllree, executive director of More Acquisitions, said: “The termination of the proposed Megasteel deal represents a massive, wasted opportunity; not only for More shareholders, who have now been deprived of their right to decide on the acquisition, and potentially benefit from it, but also for the wider London stock market. The More board understands and empathises with Megasteel’s owners, whose first direct ‘interaction’ with individuals purporting to be UK small cap investors has proved to be such a distasteful and unpleasant experience.
“The company will now restart its review process with a view to identifying other suitable acquisition opportunities for More.”
Megasteel was established in 1991, initially specialising in steel for the reinforced concrete. Since then, it has become the largest distributor of wire and steel for the prestressing and post tensioning of concrete in the UK.