Member Info for lemmink

BUY [25k=19.5p] * SELL [25k=18p]

BUY [25k=19p] * SELL [25k=17.95p]

BUY [25k=18.5p] * SELL [25k=17.54p]

Hi, pleasantly surprised with sp resilience here... wish I had been a bit braver with DQE at lower levels, may yet get a second chance?

J Pither (former exc chairman & group founder?) has bought a few more shares and now holds circa 18%.

L&G (holding over 14%) seem willing to sell at 40p ish ... ho hum

BUY [10k=18.5p] * SELL [10k=16.8p]

BlindPanic ... Thank you for your response ... I don't think I can offer much to counter it, other than claiming lack of sufficient experience & so I still think what I think re the oddness of the debt being left on the books... Regarding Mouchel, I did not invest but looked at it after it went pop and thought the shareholders were right to take a principled stand and reject what looked like a patronising offer of shut up money ... Regarding HIBU I would probably do the same if offered sub 0.6p cash, because this type of bet should result in a win or lose all outcome IMO and not some kind of "we feel sorry for you heres a bit back" outcome... looks pretty certain to be lose all, despite the presence of a fantastic action group IMO! ... so be it.

Anything above 20p would put the placees in the money ... Do they deserve it?

BlindPanic ... I agree lenders appear to have a moral right to wipe out shareholders if they choose ... Lol perhaps the action group can find a "just cause" for redress, but they don't seem to be doing much besides counting share certificates etc... I dont think its necessarily true that the current debt holders are all out of pocket, and I note that the current restructuring proposal as it stands will still leave debt on the books, which seems pointless given theyre taking all the equity? ... It seems that the current restructuring proposal is not intended as a "final solution" before knuckling down to the "business problem" but rather a prelude to more inter stakeholder games... in which case de-listing and excluding a risk capital market may be a tad silly, when it can be kept at little cost (by allowing current equity positions to survive with a not so massive sub zero intrinsic worth).

Sold 10k@18.52p holding 20k (Av=15.41p)

I read somewhere the cocom justified their proposal to wipe out shareholders because it was necessary to satisfy the other lenders... which suggests they dont really think its necessary to wipe us out? ... perhaps some energetic donkey from the action group could ask them what they would do if it was only up to them??

A circa 10% reduction in debt should justify a few pence more than this IMO... even if it is all gonna go pop next year!!

Order filled ok at 17.5p ... Just reviewed my past trades ... holding 30,000 with average of 16.4p ... I seem to have been here since late January this year!! ... where does the bloody time go? ... not exactly great short term trading, must try harder!

Sent a market order to sell 10,000 shares at best available price... no firm electronic quote was available ... spread was 17.5 -18.0p (from memory) ... never tried one of them things before.

BUY [10k=18p, 20k=18.33p, 50k=no offer] * SELL [10k,20k,50k,100k=16.5p, 200k=15.57p]

Blimey I,m priveleged!... Additional response from ceebsy --- "Why should we have a public facing website? blah blah blah" --- *** My Response *** --- Nurturing any form of interested audience may be worthwhile in order to expand the audience, communicate mission, formalise policy decisions taken, establish credibility, demonstrate progress, benefit from constructive criticism & feed back, maintain morale over the longer term, attract future supporters & sympathisers, enable potential allies to assess and seek you out, and to strike terror into the heart of the enemy!

Response received from ceebsy ... "That is nothing to do with the current shareholders group. It was set up by an HSG member over a year ago" .... My comment --- So the HSG still has no effective public facing website?

http://hibushareholders.myfastforum.org/index.php?component=category&catid=2 ... is it a new action group or a new website from the current action group? ... only just spotted it, not looked closely yet

Re the word "attribute" in the famous RNS comments along the lines of ... "likely to attribute little or no value" ... I felt it was a good choice of wording by the BOD because, no one can definitively say what a share is worth... we all "attribute" whatever value we feel is appropriate and seek to trade accordingly IMO. ... I felt it was possible that the lenders may structure a deal/ d4e swap etc in a manner which attributed little or no value in their eyes, but which may have led other market participants (rightly or wrongly) to attribute varying values depending on their own opinions etc.