Proposed Directors of Tirupati Graphite explain why they have requisitioned an GM. Watch the video here.
Lazare has as you know replaced the board with his own people.My view is that he is a dodgy character but it is in his interest to sort out the problems that have been about since this company floated.Yes he will have his own interests at heart first and foremost,but I would guess they will relist at some stage(hopefully).If you were Lazare and had a paperworth of millions at the start of this year and just before the suspension that paperworth was down to approx 1m you would want to sort out and bring your worth back to somewhere close to where you were.Why replace the board if you were going to sink the ship?
The share has been suspended whilst the new board recruit broker advisors and nomad as the previous occupants of these positions resigned.Suspended shares have six months to sort out but it is my view that we will have news either way in a much shorter time frame.
DFD and DEBT have similar drop times as this one.However in the case of both competitors the sp has "only" halved,whilst ACG has shown a 77% drop off.Unless I am missing something this one has got to have reached its bottom unless they are holding back further bad news
Actually Jonty,the rns over on the Aussie exchange site mentions the above under the heading issued today 8th May
Must be the magic mushrooms.Rechecked the rns and I cannot find anything now that mentions Phillipines.
Hve checked everywhere for a late rns to no avail.I did note that the asx rns had a copy of the request to temporarily halt trading and it had Phillipines on the top of it? No idea what that is all about,but may be nothing.You can view the rns on the asx.com website under RML quote
Is it not unusual for a share to halt trading on one market,and to continue on another?I find this strange.The news that an announcement will be made by close of business today on AIM should be interesting.Do you intend to hold out or are you thinking of exiting just in case the market has over reacted too positively.
If you google northern lynx you will find interesting facts,coupled with the iii threads which are also accessable from the northern lynx search.Basically boiler houses cold call possible investors hard selling company shares for a commission.IHGP personel are linked to lazare,and you may have noted that inhg(then Nadlan) disposed of 18.5m NLX shares when they were at a circa 7p peak(Thats about 25 times there current worth today)
In the lap of the gods,but this share is linked to Nadlan now In House Group and there are great things looking to happen if you are to believe the postings from that source.Haing bought in at 1/3 of a penny and with the sp having been 6p three months ago and investors having knowledge of boiler room activity,my hope is that they will get their act together.The company has a value currently of approx 2m.Of course they could decide to go belly up and reopen under a new guise but my guess is that this will not (hopefully!) happen.Has there been any press on this over the weekend? I am away and no acess to financial publications
If I am to believe the above I am down £5800 and no hope of geting anything back.However,this company has only been operating a year and surely if boiler rooms were involved(and lets face facts.....they were!) the sp held up extremely well through until February.Legitimate funds have stakes in this company and surely they know more than us mortals?
With the ex CEO now back in control and him holding nearly 50% of the isc,I would hope he will have the ability to turn this around.With LSE launch only a year old and the shares at 4% of their high the gambler in me says this will come out of remand in a healthier state.Either way our cash is tied up for the forceeable future!
Temporarily suspended.Guess that was always going to be the case.
Out with the old and in with the new.The ex CEO and largest shareholder by far has rested control back and I can only assume for the betterment
Had to go to .3p but sure what the hell!!!!
EGM today and we will know soon enough what way forward for this battered company.Have taken a further leap of faith and put an order in for another million at .28 max with my instruction to cease at eleven o clock."This punk is feelin lucky"!!!!
Have not access to your spohisticated systems but that one trade must equate to approx 6% of the company and sold for a large discount.Thoughts of AKI spring to mind.Tempted as it could go back to a pound quickly or spark a panic and take the slippery slope route
I am of the same opinion!
Play the game and make the gain! The suitor values the company at nearlt 50p or close to 16% higher than the closing sp. 260ish before the bid emerged so I will set me level at 280p and sit and wait.My experience of this situation has shown that once the spotlight is on a target the light does not just go out and die.To quote Arnie "I`ll be back"!
Now why did I get rid of those little beauties to ply my trade on PRTY MOB OXS and other little heartstoppers and dead beats!!
seems he was having carnel knowledge with a three legged Jack Russell whilst it slept.