Member Info for jamesslater

You also seem obsessed with balls.

And whilst you're on the subject of behaving childishly, YOU are the one who cannot have a discussion or debate without resorting to name calling, usually the sign of someone who knows they are wrong. I too am in a position to recognise this in my job. Of course, professionally, I usually let the person have a way out, knowing that it will forward the relationship and get the job done. On here however, since you have nothing I want or need, partcularly advice, I see no need to do so.

"1) A contractual agreement being creditor and debtor is usually far more complicated that just the one clause of "cannot be recalled". My business is involved with factoring to some extent and the credit agreements between creditor and debtor can have multiple clauses. The fact that Ennstone have pursued emergency talks with their creditors suggests a 'maybe' solution of some kind, however small, is somewhat satisfactory for both parties." Of course I know this, but there are RULES if it can be recalled as to how and when, what notice and under what circumstances. In the same way that WLW's creditors had no leverage into when they filed.............nor do ENN's "2) You are obliged to file for insolvency when the money has ran out! (there, I said it in the simple terminology you might understand)." Actually, I had to ask YOU the question, and you have given exactly the answer we both know to be correct. You do NOT have to file until the money runs out. Which is why, the two parts of my argument are now agreed: ENN's creditor's could not have forced ENN to file before insolvency. ENN are under no legal obligation to file until they can no longer meet payments. Of course any business will talk to it's creditors to try to come to an agreement, if that cannot be reached.....or perhaps they come to the agreement together...........the only options available are to: (1) fold the company (2) increase revenue (3) Decrease

You talk like a man who clearly doesnt understand basic fundamentals. Ok, scenario................I have a loan (as a PLC) and I am paying thatloan off. I draw a graph and realise that in 6 months time I will reach a point where I have used up my available cash........and I have no way of being able to increase my income. Lets say for arguents sake, there are no cost savings I can make. Let's further say, I have nothing I can sell. The loan I have cannot be recalled early. Please explain to me these two simple questions: (1) what control does my creditor have over me? (2) at what point am I legally obliged to file insolvency. Answer those two simple questions, and do not prevaricate, do not bluster, and do not try to get clever. Just answer them factually.

lol, that is exactly what I am saying they are doing! selling off assets to pay debts to avoid insolvency. this does not mean they will suceed. Regardless of whether they do or do not, under the rules they are allowed to do this until they can no longer meet their obligations. At the moment, they CAN meet their obligations, so do NOT have to file for insolvency. i am not wrong about this, and to be honest, I'm bored now with discussing something so fundamental. The creditors do not HAVE to agree to it. They have no leverage. If the contracts signed for the loans do not include a recal period where the company can demand repayment, there is simply nothing they can do about it. You need to read up on how these things work. Which going back to the first post..........is why I dont think you are particularly well informed.

lastly......................... Yes, it DOES work like that, so long as they are keeping to any payment agreements. you only have to file insolvency before you are unable to meet your obligations. Not just because you think you MIGHT not be able to in the future. Those are the rules.

?????????????????????????? you're looking at this entirely upside down. The correct method is not to call the administrators if you think you may become insolvent int the future!!! that's ridiculous. You call them when it is imminent. Until then, you do what ENN did, continue talks with your creditors, and look at ways to streamline the business, and look at what you can sell. They are now in the position that funding has not been secured, they only have enough money to trade until March (I beleive, may not be correct) and therefore, have looked to hive off assets to get rid of debt. If they manage that, they can keep trading, and hopefully turn the business around. You seem to be confusing suspending trading with insolvency!!! They are not yet insolvent, they have working capital, so do not need administration. They DO however need the suspension, as allowed under the rules to protect the company during the re structuring/sell off period.

"Calm down James, I'm not getting involved in a 'who's is bigger' contest here." I am clam, I'm never anything else. As for the 'who is bigger' thing, that's in your head! never been mentioned by me. "1) I clearly state everything is in my opinion, I'm sorry if your omit that from your reading." You do, but with headins such as THIS IS HOW IT WILL WORK OUT, I feel justified in my comment. "2) Who said anything about trading while been insolvent? My point was clear. There was more value to the business pre the asset selling so administration would have been a better option. It wasn't taken, and is still not being taken, so that leads one to wonder what the potential offers really are. Doesn't it?" But you also wrote "Why would any company prolong the uncertainty by selling assets at a discount just to get another couple of months out of it?" which is what I was replying to. I was correctly stating that any company would take the option of trying to sell assets to stay afloat even if it is a small chance.....because a small chance is better than insolvency, which is what ENN are facing if they don't sell.

"I too have been in business for some time James, and I wonder why you think this is nothing more than guess work?" Because you state everything as a certainty when it is far from certain. "Why would any company prolong the uncertainty by selling assets at a discount just to get another couple of months out of it? And on the 'hope' that there may be light at the end of the tunnel?" Are you for real? almost every company would do this. It is ILLEGAL to knowingly trade in insolvency, it carries a prsion sentence in the worst case. So if you're company is not financed, you must either FIND that finance somehow, or file for insolvency. What ENN are doing is staving off insovency by selling assets in a buyer's market. It may work out for them, I hope it does, but it may not. "Common sense suggests there is more likely hood that a deal is on the table than is being told, and with what I know about the board of Marwyn, I would be doing EXACTLY what Ennstone is doing right now to streamline prior to take over." There may well be a deal on the table. But without the signatures it isn't a DONE deal. Which means it could easily go awry in this climate.

What you have put may be right......but it's nothing more than a guess. I've been in business long enough to know that a deal is nothing until it has all the requisite signatures on it, and that is the bottom line. If I am putting my money on something, I either want to be as sure as possible of it, or I put a smaller amount which I am prepared to lose IF there is some massive upside for me. Hearesay and guestimations have no place.

What's the question? Why was it at 0.25?? because that is the sell price. Why did they sell them? perhaps they were bored? who knows.

I actually think pretty much the same as you. It's not a call you can make. They may come back worthless, they may just fold. There just isn't the information to make a call on. Not that it matters at this point because there's bugger all anyone can do about it................you can't sell and you can't buy.........all you can do is see how it pans out. If they do manage to restructure sucessfully, they probably have a decent chance.

For crying out loud. Type ennstone into google. Then from their releases, type the keywords you glean from there (and here) into google too. it really isnt hard. YOU have to do the work rather than just ask others to do it for you

you're right, I exaggerated by about 10%. on the closing price. so shoot me:P

I did buy barclays at 66p, they then went down even further and I bought another 5k, this time on the rise from the 47 to make my average 63. something.

Profit is good, but you have to admit, it was mostly luck. These could have frozen at any time..........with your money in it. It's why I didnt buy, risk V reward. Barclays have returned me over 100% in 3 days with not even 1000th of the risk of this, it's just picking the right opportunities as they come up. But FJP is right, no one wins every time............if you read what I wrote though, it isnt about that, it's about making sure you are covered when you DO lose, AND ALWAYS PLACE A STOP LOSS Many of mine currently sit at 25% during this volatile market so as not to trigger too early. If you measure my upside against my exposure.............you'll see what I mean and how the game is played.

I wasnt in these, I was looking for an entry around now, depending on funding news............no way I'd buy before they were going up. and as you say, many shares have lost most of their value and recovered.........THAT is why I keep saying do not buy one share, or even have one risky share as part of your portfolio. I wait for an entry, and I play the percentages by being in a few high risk shares with a small investment. I then ALWAYS sell to reclaim my investment if they do go up. But that is why I am not sitting on a loss.

Does it really take a lot of intelligence to predict that a share which has dropped from over 20p to less than 0.25p in months may be suspended? I happen to think not. But if it helps, ok J2T, you're my hero. lol

Halifax did not make you buy it 30% higher. Some websites if they cannot fulfil an order, just do it as soon as they can at the best price the market has to offer. The market sets the price and the availability. you need to watch what YOU are doing a bit more..............so if you purchase again and it does not immeadiatly fill the order, telephone the broker and see if you can cancel, you often can. The other option is to use a site such as www.share.com which gives you a FIRM quote with a 10 second window to say yes or no. Re selling off Lloyds cheap to buy these............well that's purely down to you isnt it? Perhaps a little more study, and calm down with that mouse button?

too bleak. Suspending the shares in this case is a sensible thing which gives them a little breathing space, otherwise, you'd see the SP tumble to the 0.2-0.1 range.