Member Info for gmed-2

PRK1, the key word in your last post but one is "promising". I agree that it is a promising future, but promises are cheap. The market wants to see solid signs that promising is becoming reality. I, for one, am optimistic, but the market is still not convinced.

New York City officially changed the name of Sixth Avenue to Avenue of the Americas. All the street signs, bus and underground maps, city documents, etc were changed and all the businesses on the street had to order new stationery. But plenty of New Yorkers still call it Sixth Avenue and have to think a sec if you ask them how to get to Avenue of the Americas. The name change took place 80 years ago. Good luck, Donald!

None of us can say whether he jumped or was pushed. If I could choose, I think I'd prefer pushed. But who knows what's behind it. We await the next RNS with great interest. But if they really are doing a full due diligence, we may be waiting a while yet.

Conclusion: there's nothing wrong with this company that 50% increases in the oil and gas prices wouldn't cure.

Whether or not angs is "in default" depends on the terms of the loan agreement. But normally, failure to make payment of principal or interest of the agreed amount on the agreed date is grounds for the lender to declare a default and issue the borrower with a Notice of Default, which tells the borrower what steps the lender intends to take. So you could say angs has defaulted on its loan by missing the payments, but technically I'd say the lender must issue a Notice of Default before angs can be said to be "in default" and we don't know if that's the case here. I'm not a lawyer, so if you really want to settle the default argument, one of you will just have to retain one. Anyway, I'm much more interested in BP's point this morning, namely what's happened to all the cash? And to carry it a bit further, is possible that that cash could be part of the great RTO deal?

I have it from a very reliable source in Washington that this is all part of Donald Trump's master plan to dominate the energy market in the Gulf (Persian or Mexican; geography was never one of his stronger points). As part of the plan TP will get the power to cancel the company's debt and double the price of gas. The bad part is that all Angus shareholders will become US citizens whether they want to or not. RNS coming next week!

Well, at least it shows that there's still some sign of life there

Can we assume the loan has been extended while they talk? Might have been nice to mention it.

That makes a lot of sense BP; you're probably not far off. BTW, what are you singing? Sounds like you're in a good mood.

I'd be happy just to know if we're still solvent.

Bumping, that's the realistic approach you've got to come to the AIM with. My main holdings are FTSE 100 shares, but years ago I put some money into three promising AIM companies. I told mrs gmed, "one of these will be a total loss, one of them will just about break even (if we're lucky) and one will be a star that really pays off; I just don't know which is which". Here are the results so far: one has gone bankrupt and one has a small loss, leaving KZG and one of my predicted results still open. So let's go KZG, my reputation as a crystal ball reader is at stake here.

Onetomany, could you let us know roughly what time the RNS will appear? I've a few things I want to do today and don't want to sit behind the screen needlessly waiting for it to appear. Thanks!

Even mrs gmed is impressed

Apologies, all. I thought I was on the VOD board and used the VOD dates. Payment here is indeed 5 Jun. I promise to try to be a bit more careful in future.

Sorry, but payment isn't until 1 Aug - 5 Jun is the ex-div date.

The next line is the other guy saying, "Yeah. TOO quiet"

The whole tone and wording of the RNS says to me this is not a normal RTO, but an asset purchase that is technically a RTO according to Rule 14 and Schedule 3's size tests. If it is simply an asset purchase, I have no idea what angs is going to pay with, but it doesn't necessarily mean massive dilution. I'll just keep an open mind about this until we know more. And if it does result in a shower of share confetti, it won't cost me too much sleep. I wrote off my angs holding a long time ago.

Dividends??? I'd settle for staying out of bankruptcy.

I agree with you couerdelion. It's a decent div yield and a reasonably stable sp. And there's always the chance that they'll finally give up a losing game and get rid of Germany. If they then use the proceeds wisely, you'll probably even make a bit.

That answers my question about royalties.