Member Info for Jal74

Yes, still holding. Best stock I’ve held and a multi-bagger going from strength to strength. Originally invested in 2013 and steadily built a position until the stock delisted from AIM and switched to NASDAQ. Needless say this sleeping giant has awoken and provided huge gains over the last 12 months.

Lots of shares are trading down today so probably a result of the interest hike yesterday. PETS need to crack on with the £50m share buy back announced recently.

Many thanks j5nicks. Much appreciated.

The strike price is laughable at 5.8p for 50%. This is effectively free money if we’re to believe in all the operational / financial progress we’re being advised of. Would have been more equitable to have awarded options at a higher price post (9p) post September’s results. Will leave it at that.....for now!

The creators of the legacy challenges were also highly paid and ineffective. I believe Salazar was one of them and yet he still holds office and receives greater remuneration than ever.

I try and take a balanced view. I post occasionally and have been largely supportive of the company historically. Do I still have belief......yes but the more the company achieves the more a ‘select few’ will benefit.

If I’m honest, I’m surprised you’re still invested after the amount of negativity you’ve been portraying of late yet you appear to swaying to a level of optimism now. Nothing wrong with that but prefer the open approach.

I would be bitterly disappointed with a target of 12p and very much justifies my views of earlier that the Board are taking the company for all they can. I understand the reasoning for the ICM acquisition but using company cash should be for accretive purposes. We’ve acquired and gone backwards and now we’re talking 12p. I would hope it’s substantially more otherwise I’m pretty accurate that the Board are trying to attain as much as they can for as little an effort as possible.

Perhaps the ‘ delusional’ part of my response but that’s it. The directors are not worth $350k period. The fact that they receive this income ‘guaranteed’ for delivering little ‘tangible’ benefits for all, at this stage, is absolute fact. If the Directors can prove to PI’s that they can earn / have earned similar in the past then many of us are in the wrong line of work. Yes I’m sure there’s been operational progress but that counts for little if this doesn’t return shareholder value. If the directors were truly aligned to investors they’d be resisting such stupid salaries and taking double the options ‘on performance’. I wouldn’t begrudge them that but no, they bleed the company of its cash and get millions of options for nowt!! Why would they want to invest their own cash in shares when free handouts are rewarded annually on tap? Sorry but the institutional investors are either punch drunk or have shorted this stock over the years as I simply cannot believe they are happy with their returns to date.

I’m sorry Sunday but you’re delusional. Every time options are awarded the Board fail to exercise. The options expire and a completely unjustified amount is awarded at a reduced strike price. If $350k is not reward enough then there is clearly something wrong. I know of many FTSE 500 Execs who earn circa this but at least their companies are generating 10’s of million of £’s and paying healthy dividends. As for Turcan being comfortable with all this, it beggars belief.

It’s a p155 take!! Who exactly is on the remuneration committee and feels that the performance of the company justifies the rewards. Wasn’t Salazar part of the ‘old’ management team also. Waste of rations!

Many thanks Silverblade. Yes, one hopes that 8.vip goes for a mega sum as I’m sure there are many wealthy Chinese individuals who would pay handsomely for that one!

Hi. Where was it publicised that 1.vip had sold?

I doubt any such involvement with Dorsey would require much by way of money. One assumes MMX have something that is mutually beneficial to both companies so to simply be associated with Square should provide significant uplift enough. Would still advocate a small dividend being paid as this will certainly show a willingness of the Board to return shareholder value. Either that or the Board show willing and take a significant pay cut. If the future is rosy then I’m sure they’ll be handsomely rewarded through their options. More than happy for them to receive bonus payments payable on performance. The remuneration committee must surely see sense in this approach!!!

Maybe MMX should engage with Dorsey and see what transpires. This sort of activity is far more SP accretive than looking at further acquisitions or getting modest uplifts on domains regs.

Maybe MMX have bought them, or would they need to notify shareholders of their intentions to buy back stock first?

I sincerely hope they don’t go down the acquisition route again.....at least not until we see some shareholder value first.

Paying the loan back makes absolute commercial sense. My frustration is the company may find some other ‘SP accretive(?) initiative’ requiring cash. The elusive dividend, that has been muted for at least 3 years on this Board, may remain just that.......elusive. Surely to goodness there has to be some scope for returning shareholder value??

Agree on both fronts Bakky. 0.25p would be a start! As for the accounts, they’ll be 15 months off for the relevant financial year’s reporting. I sincerely hope the figure is leaked prior to then!

If the company were to announce a 0.5p exceptional dividend, funded from ‘proceeds received from the lost private auction’ that would give us an idea of what .gay sold for without an explicit RNS. In fairness, I wouldn’t really care as long as a dividend was forthcoming.

Engadine Partners reduced short position from 2.68% to 2.09% between the 22nd Jan and 13th Feb!

?????? He He He

CentralNic have significantly less issued shares than MMX (5+ times less) so can’t see MMX at 56p. That said, it does suggest our SP should be nearer 11p at present.