Member Info for gemstar

This is the critical point in Wyndhams post
"both Bams and the waste water detection elements which are not directly connected to the LFT are also way, way and in fact inexplicably at present, behind schedule and I am not sure why they would be part of an NDA on the LFT tests?"

I am glad that you are easy, Runner Runner

Since it is obviously impossible to get mainstream finance on BP, IMO the board should stop messing around and have another placing for £6m to pay off Atlas and use the existing £5m to upgrade BP so that it starts paying proper profits
This financing farce has gone on too long already, with the company continuously beholden to unprofessional and unreliable financiers

Is there any reason these haven't been published?
Can't because of an NDA as purely question of fact

'The new tender awards won't be announced until first week in Feb, by the way.'
Source for this statement?

Usually in these scenarios there is a strong character at board level whom the others follow
And if the big man has said that looking at the final figures, he thinks there is a risk that Zim will be a black hole, and wants it split off, then that's the end of the matter, even if the loan officers are in favour
Often this character is only first aware of the case when it gets to board level. The sums here are probably very trivial compared to their loan book

Yes Fantasy, it looks as though my instincts were right, and that there was an issue. I should trust my instincts more
Foolishly went in for another nibble
Carry on posting. I was just venting.

I'm going to have to filter Fantasy
His relentless, bitter negativity is too much at this time
AP resigning would not help at all
But then he knows that

' it now looks to me like some big things are envisioned and/or currently in the works'
That £90,000 buy yesterday certainly might suggest that
And AP is apparently off to Zim
£1m bought today, if LSE figures are to be believed

After hours UT trade of £144 !

"It has to be said that bad news is odds on."
Very bitter, having flounced out a while back

Sandy, the placing stated 'As one of the major conditions precedent to drawdown, the Company will be obliged to raise at least a further USD6.2 million of equity to be invested alongside the Bank'
I am assuming part of the new finance is to repay Atlas, and that the cash raise is to act as an initial buffer against any unforeseen expenditure, before eating into the bank borrowing
But that at the same time, the amount of the cash raise can be used as a fall back to repay Atlas if the new finance does not materialise
I would not be surprised if the new finance was not to come from the EBRD whose mandate  was set up precisely to provide support for the transition to a market economy of countries in central and eastern Europe following the end of the Cold War

TTBT you have been a bear here ever since you flounced off and went into BOD a long time ago

Your doom scenario is easily cured by consolidation

They will not be going private, because they need the quotation
So stop trolling

Funnily enough I was checking the AZN price yesterday myself, and noted that it doesn't seem to have gone up that much over the last year
Probably may to do with them selling the vaccine at cost

Sandy, went back in Friday. Only way up now imo, and next week
There has been speculation that this Tier 1 bank could be either the  EBRD or the EIB
If so, I would say this finance is pretty well nailed on, as this is precisely the sort of project these institutions were set up for
As to the adjournment ,I have seen these comments which may, or may not be, accurate
" If it was one of the EBRD or the EIB their committee will be a fair few people not just 2/3 people.
More like 10-20s in the committee.
All information has to be shared with them and read then a decision made."

 "But hopefully it's just a simple matter of internal processes. Bank's are unbelievably slow since Covid reared its head. Many staff working from home. Efficiencies of working closely is lost. See it day in, day out"

I imagine Romania is pretty well virgin country for banks
Non dilutive finance I guess is intended to mean non death spiral finance
Bog standard building society finance would require you to stump up 20% cash. It is still an asset backed lending
Bank would require some sort of cash buffer from borrower to cater for unexpected hiccups

Because your "genuine question " was a tiresome waste of time

As this is a tier 1 bank, board procedures would be carried out properly, which means board members would have received the paperwork days before the meeting. Any easy concerns would have been dealt with on the telephone
This thing has been going on for months. There is clearly a serious problem which could not be dealt with at the meeting
So fed up with this company

This share sucks the life out of you doesn't it
Board would have received paperwork days before the meeting, so adjourning it shows there has to be an issue
Too binary for me
Sold