Member Info for K3VMC

There are two reservoirs. They may be contiguous, they may be disparate. By varying the offfake from A, R and S, they can work out which of those options it is. If the fields are contiguous, there is no need to drill Bezzecca-2, just manage the flows from A, R and S.

We are agreed on the short term. SRON has assets to work on using cash flow. If the right asset comes along, and remembering that PO Valley already has assets, then there will be a placing. If a new asset is "transformational", then it could be a large placing. That may well be after Bezzecca-2, IF the two Bezzecca reservoirs are not contiguous, and after Sant Alberto. That's why I'm thinking about 2018/2019.

I would be delighted to get to mid-cap status, but we will not get there in the medium term, without a very large placing, which would be difficult to get away at this price. Certainly difficult without warrants, IMHO. Better to take this year's profits, drill Bezzecca-2, increase cash flow, sp, then have a large placing in 2018/2019 to fund substantial acquisition.

dolcoath, no words of wisdom from me, that will help any of us. MONI has a great product in FINKit, cash rolling in from MVC, an award-winning development team in Istanbul and one of the top ten digital agencies in Europe. MONI is being sold out from under us in a cosy deal between Mr Cameron and his very merry board members and Fiserv. The board will be rewarded handsomely for delivering that massive potential to Fiserv, as Bidco, and they will go on to be a leading global player, with £200m+ in juicy tax losses, to offset their bourgeoning profits. I witnessed a question to Mr Cameron at the last agm. "Are financial institutions concerned at the very small market capitalisation of the company?". Without hesitation, he said that, when VISA and Norges sold down, he spent weeks, going round all Moni's customers, explaining future plans and reassuring them about the financial situation and that those customers had NO concerns and had EVERY confidence in the company's abilities to serve them in future. I was in the room when he answered that question. Big change in that stance between the agm and the Fiserv carve up, was it not? Except, talks must have been going on WELL BEFORE the agreement with Fiserve. So was Mr Cameron reassurances at the agm a lie, or a mistake? Not much investors can do, whatever we think. I'm still holding, but so disgusted at the apparent lack of morals, that I find myself getting irate whenever I think about MONI. I was certainly wrong about Mr Cameron. I should NOT have ignored his unbelievably well-timed exercise of options and share sale. I assumed that he was determined to get the company ahead, so he could cash in on his massive options again, but I guess Fiserv gave him 30 pieces of silver more.

There are no IIs and on;y the directors knew about the delay. You have PIs that bought in on the hype from certain "bloggers" who had bought the shares, then dumped them and dissed them. Now those same PIs are bored, or selling at stop-losses.

Pokerchips "Rejecting the offer is pretty straight forward...it is the negotiating skills to convince a higher offer is deserved that will be the issue... failing that they need to have done their maths regarding the likely break up value if negotiations with FinServ do in fact break down (differences in perceived value too wide)" Tax losses are worth 15p per share. That is why bidco is being set up as a stand-alone subsidiary of Fserv in the uk. 2.9p is a derisory offer and one which Fiserv will be prepared to at least DOUBLE.

Surrender to fiserv for a mere £70m, yes or no. RNS from Jun 13th says, voting forms will be sent within 28 days. Er... Unless they change their minds. Clearly, they will NOT send them out, unless the yes vote is guaranteed. That will depend on how successful Cavendish has been in persuading the other large holders to REJECT the offer.

Mr Cameron has until July 11th to send out the surrender document. He will look rather incompetent, if he cannot organise this abject capitulation.

draft, I didn't realise that you got your opinion from that site. Please accept my humble apologies and sympathy.

RNS MVN Asset Management Limited increases CFD and shares to total of 1%.

dactions "I always thought there was an understanding that investors invited into a placing would not profit immediately at the expense of the ordinary shareholders who bought into the residue of the shares being sold." You thought wrong. Unless shareholders are subject to a lock-in, they are free to sell at any point. The purpose on a placing is to raise finance for the company. Nothing more, nothing less. If shareholders chose to buy at 6p, 7p, 8p, they did that in he hope of making a profit. That profit is not, and never is, guaranteed. No-one forces you to buy or sell - you do that based on fear/greed and how you view the risk/reward ratio. Don't blame anyone else, if you make the wrong judgement call. "The problem with SRON and its share price fall as far as I can judge, is that those chosen to be in the placing were less scrupulous and took advantage of the immediate premium and/or T&P were still selling placing shares into the market having not got it away as successfully in the first place as they had let the market believe." See above. Some investors who bought at 5p, sold at 8p. You don't like that? Tough. If you want to have the chance to do that, then sign up and shell out £50k, or whatever, and sell when you think fit. SRON still get the £50k, to spend on assets/working capital. TPI has NOT been selling shares. "That may have been one reason why Masterman was pushing Investor seminars ?" Mr Masterman is trying to get the message out that SRON is a great investment. Nothing more, nothing less. He is trying to promote HIS business, not TPI. He PAYS TPI to promote HIS business, not the other way round!!

draft "They have a bad rep" No, they don't. Mr Masterman appointed them brokers to two of his companies. I was at the TPI investor evening tonight and all six companies said how helpful and competent they are. Clearly, you are disgruntled and view them in an extremely bad light, but that does not entitle you to project your views on the wider world. By all means, state that you are unhappy with them and regard their broking services as sub-standard, but otherwise please provide evidence of any universal, bad reputation.

NoahsArk, they can't offer different prices to different holders! That is why they priced the offer at 2.9p. If they offered 2p, no-one would have sold. If they offered 10-15p, most holders would have sold, but the cost would have been £200-300m. By starting low, they flushed out anyone who has doubts about FINKit, into selling, thereby securing a portion on the company at very low cost. Cavendish will not be the only II to vote this down. Mr Cameron is probably doing the rounds at this very moment, trying to strike a deal that still delivers MONI on a plate to fiserv, allowing him to stay on his gravy train. PE and VH bored / scared a lot of PIs into jumping off it, but at least we can get a partial refund of the ticket cost. How much we get depends on how much we are prepared to hold out.

"The Scheme Document will include full details of the Acquisition, together with notices of the Court Meeting and General Meeting. The Scheme Document will also contain the expected timetable for the Acquisition and will specify the necessary actions to be taken by Monitise Shareholders. The Scheme Document will be despatched to Monitise Shareholders within 28 days of the date of this Announcement, unless Fiserv and Monitise otherwise agree, and the Takeover Panel consents, to a later date." They have until 11th July to send out the infamous Scheme Document. They have used up 14 of the 28 days. What has taken them so long? Maybe a little negotiations between the parties and the discontented IIs? I certainly hope Cavendish is holdin out for another 40-50% on top of the paltry 2.9p. They will be MASSIVELY out of pocket, even with that "premium".

Noise, I was making a distinction between a SDK and FINKit. FINKit is a complete development platform. It allows setting up of development environments, developer profiles, access rights, source code editors, version control, APIs, testing, automatic regression testing, instant production deployment and other cool stuff that I can't remember right now. Remember the live demo that was on YouTube for about three hours until someone blabbed?

Is that the same ************* that were saying buy up to 7p, target sell at 12p?

At under 5p. Rather a lot, as it happens. Do I wish I had waited until today? Yes. Do I care, medium term? No. This is a cash cow. The milk is being delivered now. The cream has been delayed for a few months. GLA

Seriously, I hink we should all go back to blaming Brexit. No - blaming ISIS. They makes much more sense.

draft, did they delay the intessa, then? I'll have them for that!!

draft, did they delay the intessa, then? I'll have them for that!!