Member Info for Gerhart

Tony I was thinking that myself recently. why are we being dragged down as a Co simply cos someone else owes us money. We need a board who can say deliver the wedge or we send in the boys. Though I'm sure it's a bit more complicated do to international angle! lol. Can't understand why P Earl is up to? He, in an overall broad sense, probably knows more than anyone else. So why faf around the way he did? Surely to, regarless of the Argy situation, and he will know the likely impact, he must have had talks with Sterling about what they would expect. Maybe Y Finance too? And now he is locked out for 6 months...unless other things happen, which he might engineer, like someone else "making a bid". Mind I think the BOD were correct to tell him to take a hike Re the proposed extension. If he is interested I would expect regular buying again in near future, with him hoping he will have put off day traders and therefore can pick up whatever he can without send the SP ballistic. And what of us with our debts, and a rather inactive BOD not driving the Co anywhere. But at least the last coupleof weeks has confirmed there is huge understated value here. Just need to hold on and cross our fingers.

I think that it's a terrible reflection on Peter Earl that he allowed the share price, as expected, to shoot up again over last few days, before either his supposed financial backers or he himself fully declared hands information in public domain so far. I could be clutch at straws here, but he did not yet use words that definitely said he will not bid before 5pm tomorrow(?) That's why I wondered has he appealed to Takeovers and Mergers panel against BOD decision on extension.

Having read the RNS he now agrees to be locked out for six months basically unless other offer, board agrees, etc etc. Though part of the announcement seems to suggest he is only bound by that - except with the consent of the UK Panel on Takeovers and Mergers. So has he appealed against BOD decision and waiting on a decision from the T-and-M panel? Starting to think Mr Earl is in La-La land over this offer that never was. BOD has had no discussions with since October...yesterday supposed finance providers say they wer enever part of bid, and day before deadline he announces this. The Temp issue in Argentina is just that TEMP. He otherwise knows the Co inside out - and maybe that is why BOD refused extension. So what is the game her......

Darch not clear who else is in. Original RNS said "may or may not" be funded by IEH. Whatever their name must have been mentioned by PE and/or others. Hard to belive he let this run without any idea where funding might come from. At this stage he must alos be clear about what would be acceptable to Sterling and Y Finance(?) and so he must knwo what he needs? Strange..... Offer is not off the cards yet, but you'd have to say less likely. Though at least he has by default flagged up our below value share price.

....anmd something else: wonder why IEH or whoever, waited until less than 48hrs before deadline to make all this clear...and how did it become clear to our BOD?

What a shambles. Did the Co get ahead of itself by issuing the original RNS as a possible bid situation. Or did PE really indicate that was the case but really hadn't tied down concrete finance?!!! OR is there something else dilberately confusing at play here. Somrhting else: the other board shows Allanice News annaouncemnet at 12.05 saying no bid. But it's 13.30 before Co made announcement. Anyone know how Allanice New knew for sure at 12.05? I think PE is out of the game for six months (??) if no one else bids in mean time, if he doesn't make some kind of offer by 5pm Wednesday. It's not over until the fat lady sings.

Looks like a few traders,speculators, not wanting to be out before Monday's open. But suspect there won't be offer til deadline almost. Then low ball offer that allows PE and Co to remain in the game and negotiate - rather than be forced to sit it out for six months(?) unless someone else makes an offer. But we'll see.....

Looks like they are going to drag it out, which is surprising, given traders can pile in to make a quick few quid. Only a week left to bid or be forced towalk away - for 6 months? Something else I was thinking about. Sterling, both the management and indeed individual shareholders, must have got to know PE very well - given the size of the holding. PE must have often told them what a great investment RUR was. So you'd think it would be difficult for him to suggest otherwise now to Admin peeps. (as they no doubt were fully briefed on RUR)

Thanks very much GooooodFD. It is very difficult to value us properly without someone doing a robust solid fresh assessemnt on basis of a good business, or fire sale....and then what would be offered? Have been looking in ocassionally, but looked as if it would be a long time yet before anything would happen. Thankfully "Sterling" still own a sizeable chunk. If it was now only mostly small investors here, then we would probably be shafted. But I think we are more likely to see reasonably fair value now. But what is fair for all our bits??! :) Onwards and upwards!

Does anyone know how much is still owed in loan repayments to RUR from the Argentinian power operation. Or am I a bit confusious here? Be interesting if someone here with a bigger brain than me could do a vlauation of the parts. I bet if PE was still the guv, he would say the NAV is worth more than 5p. Wonder what he'll say now? And if the Argentinian end is part of the bid, then they could never offer less than full value of 1/2 plant and loans +++. someone else could say they have little worth cos they'll never be fully be paid...but Argentinian involement could improve situation for shareholders. Am I thinking straight....any other LTH....thought i was going to have to wait a long time yet for my return.

No one seems to follow this on the other board....Can't see P Early paying top notch. He bigged up our value, when he was top dog, but bet he won't put his money where his mouth is now. Be interesting to see. Would rather had an offer when, if ever, we had gone up a bit.

Truth, no ramp intended. I be mostly on other board - with same name, so not hiding anything - but know lots don't do both boards. What exactly was my ramp? Reminding peeps, maybe newbies forfirst time, about a report on the Company? A report also flagged up previously by TW on *************?! Or saying the SP will rocket on news? You think that is a ramp? Look at the history, sometimes just on rumours; or what happened on day of PD last March. I don't think that is a ramp, more a statement of the bleeding obvious!! haha. I never suggested I knew when news would drop. Anyway, don't know if you're in or out. Suspect out, but waiting on your moment just before the - hopeful big - rise. Good luck with that. I wish I had the nerve.

.....just noticed the website address is not showing correctly. It's via share prophets website (but not their report)

This will move strongly, in the blink of an eye, once news, or news of news drops. If you are watching and hoping to get in quick, you'll probably still pay a hefty premium. I wonder will there be a pre-announcement from the legal panel. i.e. ....our decision will be made public on XX date? In these dog-days waiting on the announcement, this is worth recalling, published a few weeks after PD announced last year: (link via, and acknowledgement to SPs!) hxxp://www.*************.com/views/19868/minoan-at-9p-worth-21p-or-is-it-41p-or-is-it-61p

Wonder has a tip appeared on some small site, or is a buy order being filled? Definitely wanting to push ahead at the moment.

Good, what do you mean by this? ...The latest date for IPSA to effect a reverse takeover is 28th August. I think I have missed something here.

They just said a last week they were pleased to get loan extension for a year. Why would they suspend - even so early - ahead of accounts on 11July? I ddin't even think that was a rule. They must still be a going concern or that would have to be announced straight away? Is this just down to inexpierenced management? Or what is reason I wonder?

Just wish the Admin peeps would seel that big block for a big price or tell us WTF they are going to try and do.

The thing I don't understand is how a company that is in liquidation is loaning us money?

There can't be much stock out there for any buyers....but that will chnage as the SP rises more and more. One of our biggest problems at the moment - apart obviously from the SP - is the company has no leadership. Sure there is a bloke saying "big boss". But I doubt anyone is driving us forward. For all his faults, at least PE new the business.