Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
And this 'secret cash payments' guerillainvesting.co.uk/2017/07/25/nostra-terra-secret-cash-payments-matthew-bent-turney wow!
Is this the same guy running NEW? http://guerillainvesting.co.uk/2015/09/07/the-drug-dealer-who-rode-into-*************-2/ 27 failed companies and selling drugs? Muck me it goes from the worse investment ever to an ex drug dealer running the show with unknown 'viable' plans..
No idea, but I would very much doubt they have any plans, probably read this (we know they do) and deflect with yet another delay that materialises in little (no evidence to the contrary). It would be good to get a real gage of PI's willing to use their voting power to make a much needed change? (we may not all agree but ultimately us NW PI's should be making money after-all we bootstrapped BS - I say time to pony up)
http://www.investegate.co.uk/new-world-oil---38--gas/rns/corporate-update/201702161326151056X/ PI's have enough to vote these guys out, paying for nothing here... no loss, will allow us to sell BS before it tanks.
Wow this is becoming predictable... How much is Ben being paid for pushing ARs' agenda? How does he in anyway represent us as an independent?.. we have been stolen from, and Ben is part of the deal. Next prediction: the company will be bled dry, we will see nothing back.
lol. wasn't that the case a while ago..
Does anyone have the terms of the convertible?
If its not something good for NW which hopefully it will be then AR will be in deep dudu, AR is on the manifest. Mr Adam Reynolds*ᶟ 125,000 1.41 989,203 1.74% Why haven't NW's converted?
Any word on the investigation? Should be able to release since there are no future resolutions.
@Ant1986 we don't have an investment in big sofa, we have loaned them 600K - that is not an investment, its debt and its currently not convertible.
It would be great for all of us (in particular those invested big) to see evidence of the 'potential claim'. Its not a big ask and I doubt many of us would be willing to go any further without it. Can the action group get their hands on this?
@Ironhide agreed, demand repayment and split what is left.
No matter what way you look at it the BOD have failed. They have provided no evidence or explanation of what is going on and I think it would be very ignorant for any PI judging this dispassionately to believe they are they going to provide anything that would bring value to the table on this matter. Although I don't think anything good of GB, I don't believe he single handedly brought this one down, he is too small too meaningless, I do believe he provided a "good enough" excuse for a plan B (not plan A): cash shell purchased on the cheap, can't continue on aim so go private and leach the money out. We have NO investment in BS, a loan is not an investment or considered participation and it should not legally be framed as such in the release: "The Company still holds assets in the form of cash and an investment comprising a loan to Big Sofa Limited" I think we would be very naive to believe it would convert to anything equivalent to the value when it was loaned, or even be in our interest (BS have no matter what way you see it, anything on the books, liquidity or traction), this is not considering any conflict of interest between BOD, BS and us. We as PI's can choose to see it all go which it has, bear the following in mind "it would not be appropriate to go into further detail, at this stage, as this may negatively impact any resolution which would not be in the interests of shareholders". I would carefully think about what this says? The resolution had already been voted on by most of us, the shareholder interest is being protected, but which shareholders? Rally as PI's together now, shut up shop and pay out what is left, this must include the money loaned to BS (even if it means their few assets). What is the worst that can happen we don't get anything because of the legal situation (we are already there), it implies BS would be next. We have enough PI's here whom can take a vote and get this done, at least its something - a private company implies nothing in the long terms, just wages and loans to the BOD and their interests (not ours). We could call for an official investigation - but lets be honest the BOD is going to blame it all on the previous BOD, even if nothing shows up. Unless you objectively can say you have faith in this BOD, which I know most of you do not. Lets shut up shop and pay out, there is no other way we are going to see a penny.
@Onthemoney You seem like a highly intelligent and wealthy man - and in the know, am I right ;) So what do you say? - 40pt discount is a steal.
@Dm78 you're gonna have to do better, I'm practically giving them away.
@onthemoney lol I can do better then that I'll give you a 40% discount on the closing price at suspension. How does that sound, could be a great upside - who knows that 600K debt may even convert into a share of BS one day.
@onthemoney you seem very optimistic about AR and the BOD, wanna buy my shares? :)
@isas thanks for the reply, apologies for the typo. I heard that rumour too, I'm not sure the BOD would want to challenge that considering their positions. Any evidence of a dd would be welcome, but lets get real - there's nothing there that would constitute a dd, the casino will take anyones money. I'm sure AR is a clever man, and the fall out of this will be all forgotten before his next deal, or not. Its all about perception right..
@isis Considering your response, what can we do about this going forward as a group of PI's? I agree the current BOD is accountable, and I get the same feeling we have been played, as you by evaluating historic events. Though Gary should not be considered for the BOD, not experienced on any level and loads of unwelcome history whether true or not. Ignoring what I think of BS (which is irrelevant), the fact that AR didn't disclose a conflict of interest I have been told could be a serious problem for him, furthermore knowingly loaning 600K whilst NW potentially under investigation would compound the issue, one that we may be able to pursue as a group. Ultimately, I have my doubts whether they will be able to publish any news prior to de-listing, and we will likely never here anything again after de-listing. Many of us here are in for serious money, should we now be considering grouping up, putting our differences of opinion aside and ensuring we recoup at least some of our investment in the immediate future?
@everyone BOD don't seem to be opening their mails. Does anyone have an email address for either of them? Its time they gave us some real news asap. Else we should take the matter further as a group.. AIM is always a risk but lets avoid being stolen from.