consolidation proposal28 Apr 2013 20:43
1:1000,......... leaves me 'speechless' ........ I'm so consolidated, I need quantative easing!
One used to be able to trust British Management ...... but, PMR ....! ..... And the not so 'secret' message the proposal send's to ALL approx 8400 shareholders ....... ! Are all CREST holders, combined as a single s/holder?
NB 8000 own less than 1000 shares each - leaving 400 ... not many PI's there i'll warrant!!
75% of shares are held by 5 concerns, [ incl 43.74% by chief investor Qinvest - Circa 67.5m]
NB PMR is basically a UK 'hobby' for Qinvest - Profit and dividends are not a high priority and are unlikely, as is any increase in basic share price - whatever multiple the company decide's it will be, if consolidation is approved and other machinations! ie the One share [per 1000] will be, 'sub-divided and reclassified into 100 New Ordinary Shares {NOS} and 100 Deferred Shares[DS] .... following consolidation the share capital will comprise 15,458,299 NOS and the same number DS ..... the market price of the NOS immediately after reorg. is expected to be 10 x greater than that of the existing share' Basically the consolidation hype is 'ONLY' 1:100, the 'dialogue' get's 'shot' of 8000 investors - another deceit played on 'investors'!
A far safer place for your £oney, is your mattress, or a piggy bank!
The current moves are to disabuse +8000 investors of any prospect of a successful investment in PMR, and is how PMR view themselves .. in my opinion! There is little danger of liquidation, as [almost] a distant arm of Q Civil Service, unless 'they' lose interest, get bored with making losses, find another happy hunting ground or 'people stop driving'!!
But you can't 'play' at business, and 'they' will gain little real business experience, where the desire to profit and grow is missing ......
BEWARE giving more $uppor£, we already provide to much, so .. drive a little slower, walk, or catch a bus!
'Hobbyists' should be properly investigated and deterred from purporting to be genuine businesses, here we have a company enabled by the FSA to offer apparently genuine investment opportunties, they should be thoroughly investigated and if found to be guilty of any misdemeanours, brought to justice! But, we don''t want to upset the richest [oil] country in the world, population of 250,000, do we?...,,,,,,.... IMHO