Member Info for ma5k

I received a rather candid email regarding FRR from a respected trader last night...
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Indeedy, read that affidavit,

Although we're not given details the OMF contract has been broken triggering the recall of debt. End of story

Oh but wait a minute Mr. Hope was negligent in his fiduciary duties blah blah.

To sum up mu lud, we were desperate for money cos we pissed gazillions away and are crap managers, and therefore broke when our distressed debt was reorganised. We signed anything cos we're crap anyway and we had no choice then. Now your honour we can't afford to pay our interest on the debt and can't raise through more confetti cos we is so historically incompetent no greater fools are left.

But, it's all our senior debt holders fault cos he wouldn't let the honourable fellow that has run this co in to the ground get precedence with his dodgy £5m.

You couldn't make it up.

They're doomed and rightly so.

ps there's tons of stuff in that affi that should have been RNSd
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Obviously not what anyone on here wants to read, & I'm sure it will get torn to shreds, but an honest opinion from someone with a lot of experience & no vested interest nevertheless.

ISEHO (in someone else's humble opinion), DYOR, GLA etc etc

Eat your heart out TW!

lol - soon be time for another bath...

http://www.ma5k.com/trading/pics/Bath.jpg

http://www.ma5k.com/xmas/humbug.htm

There are no easy answers for sure but if most lose money on AIM it stands to reason you have to do something different, & most seem to chase large gains!

10% is the holy grail mate!

People might laugh at 1% but due to compounding if you start with a grand you amass a cool million in a little under 700 trades (2 a day for less than 3 years)!!

Besides, by the time you've covered the spread & fees 1% is actually a significant achievement (and certainly beats sitting on a loss)!

Besides besides - didn't someone once say "Get rich slowly"? (Warran Buffett I believe)

Besides besides besides - takes all sorts - room for us all in this casino? :-)

Appreciate investors are naturally fully supportive of the company and the chosen document extracts appear in their favour, but how valid is any claim without equally considering the defence (which is yet to be seen)?!

Buys & sells are misreported in a fast moving market due to shifting spread Stuart

"ASOS finally recovering BIG TIME now !!"

https://www.youtube.com/watch?v=siUEYNORlhM

IMHO, DYOR, etc etc

Perhaps those who have materially benefited from unscrupulous BODs hyping their share beyond all reason might argue that they prefer the UK markets to the US?

If you have ever traded an unregulated market, such as cryptos for example, you would appreciate the rules which exist MP... besides, there is nothing folk hate more than over zealous regulation!

Most complain only when they are losing.

Far from being toothless, I have always found the FCA to take all reports of misconduct very seriously and be both pro-active and effective at enforcement where applicable... obviously they can only enforce the rules as they stand and this is perhaps where they sometimes come under criticism.

TW/SP are no doubt fully aware of what they can, and can't, legitimately do within those rules and it is probably fair to say that they get typically get stick from those who have a contrary position and praise from those who are saved from losses through their reporting!

GLA

To the best of my knowledge, the FCA never inform complainants of any investigation/action they might take against a company so I would be surprised if anyone in the public domain was privy to such information.

"Lion shares will become tally shares"

Thanks for clarifying that - I'm sure all holders appreciate the reassurance & peace of mind, especially before the holidays!

Hope you enjoy the festivities!

Rayofhope - "IF the BoD vote to change the name to TALY.LON (I suspect they will as he said they have reserved it) one share in Lionsgold will become one share in Tally."

In fairness I think clarity is needed... I can't see how Lionsgold can change its name to Tallymoney as that company already exists as a separate legal entity. Also, as Tally, as a wholly owned subsidiary, is only a part of Lionsgold it is difficult to see how any transfer of shares could be one for one (as Lionsgold fully encompasses Tally, and more besides, the parent company shares would surely be of higher value).

Listing Tally rather than Lionsgold has serious implications for existing LION holders and the company need to state exactly how this will be dealt with imho

Interesting point SoulDoubt - it stands to reason that current holders of Lionsgold shares would not be able to sell them through a TallyMoney listing

?

LSE is displaying a rise today, but with only sells the trading data shows that the SP is falling already... every previous rise has been proceeded by lower lows so you might be in luck marineville!

Well played imho!

GL

https://www.youtube.com/watch?v=zvc1yzohPXI

Despite all his protestations that this would multi-multi-multi-bag, I suspect he took the very first opportunity to run as soon as his head was above water!

Truth is we only know that Virgin are in talks - the idea of any potential bid(s) materialising is pure speculation at this stage