Interestingly this is now heading down towards the sort of level it should’ve been at long ago. If it gets to around a £1m valuation (circa 0.2p) then that would present a more reasonable balance of risk and reward. Definitely wouldn’t be one for widows and orphans though, given the massive risk of zero return.
Absolutely mate, and my fear is that naive investors get tempted in by the hype that’s spread by some posters.
Over three months since a meaningful update from this company’s geriatric chair. Could it be that nobody wants to do a deal for barren land in a bankrupt country when global tourism has shut down? Why did they leave it so late? How can they repay the large loan that is due soon? I’m very worried for shareholders here.
Very worrying times for holders of this share again, despite the predictions of Begwell and associates. Not looking good and I really feel for those investors who have been tempted in at a high price.
No, last minute Egleton and his board of do nothings have run out of road. They left it till the last chance saloon to do a deal, and now we’ve got a bear market and Covid 19. There’s no chance and I’m afraid this company looks done.
You certainly don’t want to be looking to the past, given this share is now at all time lows. Has anybody seen the updated website that was promised by the chairman? Has anyone see his deal? I didn’t think so.
Or even lower than that. I do worry about the holders on here, some seem very naive judging from the comments.
Over a month since the last meaningful update and no news yet, only three months to see if this company and its geriatric chairman can actually deliver. I know what my money is on!
There’s an old saying in share dealing: let the trend be your friend.
The way this share is dropping like a stone indicates it is probably best to stay well clear even if you believe the hype some put out.
Seems likely to be under a penny soon.
Sounds very nice, if and when Egleton can get some kind of half decent deal done.
The survey shouldn’t have taken long. Not many plants to count on barren land!
Seems very quiet. Maybe the Thomas Cook situation has reminded people what precarious business tourism can be. Especially for companies burdened with large debts relative to their earnings!
The activities of the chairman of Minoan:
1. Have a cup of tea.
2. Have a nap.
3. Put out an over-optimistic statement.
4. Have another nap.
5. Chill out for a few months.
6. Collect salary.
7. Repeat.
Maybe begwell has followed your advice, sold up and put their money somewhere more sensible!
Seems to be having a good day today, so maybe the long awaited deal is on its way. I’m not holding my breath though!
Over three months ago this company’s geriatric chairman told us there’d be an update to the company’s website to show us where the money has been spent.
No surprise nothing has happened - three months is a mere blink of an eye to this board.
Still plenty on here expect a fantastic deal to happen any day now. Sadly they are living in dreamland. A company that can’t put a picture on a website in three months, is not capable of selling barren land for many millions of pounds.
I see Bigwell and his gang are back, and still refusing to see the truth. Arsenal has done a great job of warning people away from this and he has been proven right by the share price. The real question is why are you casting aspersions about the character of him, when he has been proven to be right. What is the agenda of Begwell and his connected persons? I am not connected to Arsenal in any way, other than a shared concern about how this company is losing money for its investors!
The chairman likes to talk, but he doesn’t ever get anything done. Still no update to the website, still the same old promises about this year being different, still no investors wanting to spend money on barren land. If there ever is any investment that might change things, but talk and action are two very different things.
Just wait a few weeks, and then ... wait a few more. This would be funny if it hadn’t been going on for years and costing a lot of naive investors a lot of money. In early April the clown who runs this so called company promised new pictures on the website, that has taken weeks and still not happened so I’m not expecting a deal to be signed any time soon! Wake up Bigwell and associates!!
Back down to it's usual level. Hopefully Bigwell and his crew didn’t tempt too many to throw their money away.