Member Info for Ironic

Or Vow .

Found it ...Bonds were re selling at over .50% reduction . Why were the Bonds selling at under half price when they were bringing in intrest payments ? Because of the obligation which came with them . You can’t buythem in this country . Source .....In November 2018, Matomy sold Mobfox to Teddy Sagi, the person to whom Sagi Niri had resigned to. This left Team Internet as Matomy's only subsidiary. The CEO Liam Galin said that the sale was partially to fund the acquisition of the remaining shares of Team Internet, and that he was trying to alter the terms of that acquisition, which was due at the end of the same month.[26] Later in the month, the company scheduled a meeting with the company's bondholders in order to seek new terms for the bonds.[27] At this point, the bonds were trading at over a 50% discount to the face value, and the shares had fallen by 95% in the previous two years.

They have proved the concept they can just sell every single part of the business to connect , at the drop of the hat . Moving value from here to there . All you get to vote on is whether to keep the shell for 1p or chop your nose of to spite your face and let the shell go . Fast growth there at investors exspence here .

Sure I read some where the Bonds had exchanged hands at about 70% discount to face value ? . If it was not for the legal obligation to support the purchase of TI then they would be a good buy with MTMY paying 6% intrest each year . $3 million intrest a year is not bad .

Will they fund at 4p . The only real change since then was cold pellets.
Now we know there is a TWO year time line as well .

Will they fund at 4p . The only real change since then was cold pellets.

They do look the same .

Getting greedy we have had 5 already .

Then a long wait . The value is there but will take time .

Have you sent your e mail supporting MA . He is willing to stand down from Sports Direct to run Debs . Send your e mail .

So it’s even worse ...Rainmaker could buy the 90% back at 60% discount because MTMY have defaulted ...but they obviously don’t see value at a 60% discount to what they are forcing the final 10% sale at .
No wonder the Bond holders are stalling if they are paying over 60% premium .

If MA puts a 1p a share offer in then no one would ever trust him again . Stobart did it with FLYB now they are 40% down everyone waiting for him to do it to his own company sell it to connect for a Tolkien gesture . His reputation for ever is on the line . Stobart and Virgin sold their ! .

I recall reading on default Rainmaker can buy the shares back at 30% discount ..was this true ? . If so they obviously don’t see the value at 30% less . Can any one clarify this ?

That’s a big commitment...MA will stand down as CEO of SPorts direct if he becomes CEO of Debenhams . That is a huge commitment in its self .

Stay in this range ...what are you basing that on ? . I see huge spikes soon based on FLYB and other shares in their final negotiating period . No matter what the out come is likely to be the market likes to play with shares that are near the end of any big negotiation , especialy survival related .

Agreed ...but any BOD can put any thing up for sale at any price any time . That is what they have proved . Then all that is left is a shell which the investors get a say in . 1p or de list . Stobart can sell all this tomorrow to connect for £1 million then you get to vote on 1p a share to keep the empty shell going . He has been the main part of it once will he do it again ?

Illogical ...so is 8 extensions normal , when the price is set and has always been set . What could the only hold up be . It’s not negotiating a price ! It’s not negotiating a increase on the intreston the Bonds as that increase was agreed . So what are the hold ups for . If not because the Bond holders don’t see value and don’t want to put up more funds ? . They had a solicitors letter from Rainmaker reminding them they are legally bound to support the last purchase . Just read all and consider .

Reputation ...if your surgesting heis just playing with no intention of making a offer . Then his next business deal would be tainted by his games no one taking him seriously . So his reputation counts .

Saving money . Stobart we’re negotiating for FLYB earlier at 40p range then camethe joint robbery 1p . So yes a bit of money saved there . But this is the cost all trust gone across the markets . Value wiped of all businesses especialy their own . Lol . Silly saving was it not ? . Time will tell .

Why take the loan when a invetation to negotiate a buy out was made even indicating a 5p target ....only reason that makes sense is bargaining power to try and achieve more than 5p .