Member Info for KnockinOnHeavens

I'm still loaded up here and in all honesty no more concerned now than I was a month ago.
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For real 15LIVES? Come on...

KOH

RKB

And how are you going to know whether the position has been filled (e.g. senior manager found and placed) or pulled (removed due to vacancy being cancelled) or temporarily suspended e.g. (due to some internal restructuring)?

Reading tea leaves

KOH

I don't understand why we consider it in terms of either the bonds will sell or not? It is not one item that simply sells or not, is it? And what if they for instance found buyers for $380m worth of bonds and they just need another $120m? That's were alternative could help. I am not an expert but couldn't it be done somehow? Announce a conditional sale to public investors (e.g. they will only be availale if II are not interested), see the potential demand and then re-launch in September. Huge demand shown amongst PI could even make it look more attractive. If it's not fully sold, the crumbs go to the public. Everybody's happy. No drama. Project continues.
As I said I am far from being an expert but if one truly has the best interest of the company in mind, one does everything to make it work and the main aim is to COLLECT the full $500m (this way or the other) therefore you look at ALL available options and work backwards from there. Please don't catch me on technicalities (I know certain things would have to be renegotiated etc) but rather think about bigger picture:
Generally, why would company fail if there are valid funding options available out there? This could be a combination of different types of bonds (for both institutions and public and some equity if necessary too, couldn't it? Whatever it takes to make it work really, right?

Unless there are people out there (and we all know human nature) who don't really want to try too hard to make it work and would rather take the contractual opportunity presented by failure to sell the bonds in September and just wait for it to collapse so that they can grab it for pennies and relaunch under the new ownership.....

I don't know anymore, but I do know one thing - don't trust the people in power when there are millions on the table.

KOH

Ok' let me put this way:

If the sale of bonds fails in September and company goes into administration wiping you all out - will you be happy with your past decision to passively watch doing absolutely nothing for the last couple of months? Will you, really? What are you scared of? An article? A tweet? A negative opinion of some journalist? Come on, you've seen tons of that over the recent years. It didn't kill us, did it? Unfortunately for something to even be noticed (let alone considered) nowadays you need a certain level of good publicity / activity in social media.

Do as you wish (e.g. sitting here doing nothing writing 'happy clappy' essays of why you think this is just temporary and there is absolutely nothing to be worried about).

Just IMO.
KOH

You need journalist / press to publicise and make people aware of it. 99% of SXX shareholders are probably not even aware of this board or they don't follow what's written here, but they do read the press and follow the news. How are you going to spread the word then? Without proper PR we are just a Sunday chat on some board that nobody knows of.
This in order to work needs some good publicity IMO (with emphasis on 'good')

KOH

Guys,

Depends how you word it. I am not asking you to make a sensation out of it but simply sending a polite message letting them know that you exist and most importantly expressing unconditional willingness to help. I do believe it is better than 'sheep-like' approach passively awaiting a 'judgement day'.

KOH

well done, LITC

KOH

Foxhound

And how exactly can polite email expressing a willingness to help be considered a 'nonsense'?

KOH

Yellow

And who you are with your 36 posts here? A recently created voice of reason? What's your real intentions my friend?

Filtered.

KOH

Yellow

Whatever, keep sending

KOH

Great tiggerman, Thanks

Could all please do the same? Draft your email and send it anywhere you can - press, media, local politicians, anywhere you can and ask your closest to do the same. From there it's a simple copy / paste exercise. Numbers add up: if 20-30 people send 20 emails that's 400-600 emails sent if more people do it or more emails is sent....you can do the math. We can fairly easily achieve a few thousands emails sent. It does make a difference, Let's go! Let's do some work on Sunday let the world know that we are here.

I am sending mine as we speak.

KOH

I just sent an email describing the situation to Antonia Cundy (Financial Times) and will do the same sending it to every journalist I can find in Google today. Please do the same - draft an email introducing yourself as a one of many thousands shareholders, describe our concerns, worries of the whole families who invested in Sirius, make aware that you are experiencing a huge activity on social media etc and willingness of public investors to lend the money & help the struggling company and say that we are trying to publicize & make as many people as possible aware of the whole movement and ask for help.

Let's go!

KOH

What can we do to publicize it? It's time to act, nobody reads those boards. What can we do to let them know? How can we make all the investors aware about our conversation (I assume very few actively follow boards like those)? Any ideas? We need some good PR here. Maybe we could start writing to newspapers / media giving them some good content to write (hundreds of desperate shareholders offering their support to struggling company) - they could make headlines out of it.

KOH

I got to the stage where I am happy to loan them the money for free and even paid them that 8% on top as long as they don't go bust and keep building :)

KOH

I am no 9

but I'll take 5 or 6 (£30,000)

KOH

Maybe we should start emailing them offering our support? Can you imagine if they received thousands of emails from devoted long term holders offering help in raising those funds? They would have to consider that option if they are running out of alternatives. Also, letting them know that we are here, watching and won't be passively sitting and waiting for the end....

Anything to keep it above the water really

KOH

Question:

Are there ant steps required by law that would have to be taken by the current people in charge to avoid bankruptcy? Could they be held responsible for a negligence, causing company to fail etc? Or could they simply say "we failed to sell bonds due to current market conditions, we are running out of cash, next step - administration, sorry folks.."? Does anybody have any knowledge re the process? Do people in charge have to prove somehow that they did their best to prevent it from happening e.g. that they tried all available options, plan B, plan C, additional equity raise? Is there anything more than very vague "acting in the best interest of the company"? What are the potential penalties for such acts of incompetence?

Thanks in advance

KOH

Can you imagine? Ruthless Australian B (excuse my french but I never liked her nor the deal made with her) ending up as an owner of the great British 100 years life span project of national importance up north. What a disgrace (and a nightmare!)...

KOH

Thanks Fred16

I don't know you personally but you seem to be a very good person. Thanks for your positive contribution to date and apologies if I sound negative at times. We all go through various stages, we all heavily invested in Sirius (emotionally and financially) and we all want it to succeed. Whatever happens I am staying till the end, with hope or without, I am not selling a single share. No way.

Good Luck, we will all need it this time.
KOH

wwguk

I really hope you are right.

I would just add "if" the market calms down rather than "when" it calms down. The concept of being dependant on what the next step of a madman like Trump will be is just crazy. Chinese aren't much better. I just hope they have plan B and C other than administration....

I find some comfort in the fact that Norwegians & Qataris didn't sell yet. Fair enough. I just wonder what they really know. If they knew the outcome will very likely be positive they would be all over it (who wouldn't) but for some reason they don't purchase yet (at least not reported yet). Any negative TR-1 will likely cause panic now.

KOH