Member Info for MadChatter

Anyone able to confirm they are going?

A surprisingly good finish, even after noon for April fools!

Basically as long as Psl enters cash shell status with at least enough cash to realistically last say 3 months (with extremely tight fiscal controls) then somebody will rto this. Its inevitable Imo. A new listing costs a damn sight more than a few hundred £k.

They can't do after rto lol. I know what you mean, they announce an rto with a circular and say we need to raise x. Which we then vote on.

Honestly I'd say this will stick around 0.010 and 0.013 between now and Friday agm. After/during the meeting we will see movement in one direction. Bit rubbish as a forecast but my best guess here.

I really hope someone gives them a proper grilling on this. They better come prepared.

To be fair Blutonyblu, nobody knows their current cash balance afaik? So the £500k might not be entirely spent yet.

Definitely a question for Friday that.

The way I see it this is all just a matter of timing. Say Friday they fail 1 and 4. A couple of weeks they announce rto requiring x dilution and us to agree. Egm vote. Job done. What's the problem???? Only difference is in those two weeks we don't get shafted. Also, does anyone honestly believe throwing a few hundred k into the pot through 1 and 4 (presuming it's not spent on "expenses") is going to make any difference at all to a massive company rto'ing? It's peanuts to them

A bigger question. The board pretty much already know the state of play. If they lose 1 and 4 will they actually buy a decent quantity of shares? Probably seen as insider trading, but personally I'd see it as a big boost.

Imo today will just be another day at the office, no fireworks today. Infact aside from people taking a position before Friday I don't see much exciting happening up or down.

I don't think enough shares have been naked forward sold to make a massive squeeze. I'm just guessing maybe £50k max

People still *need* to vote down resolutions 1 and 4

Look at it this way. From Monday 8th they are liquidating all assets. This raises lots of cash, yes? The RTO is very likely already lined up. What are their running costs? Why would an RTO be jeopardised? Why should we listen to a non executive director who is a consultant to the financiers probably arranging the placing and might have many personal interests other than to get us to vote through a 50% dilution before giving us any details at all of why we should!?

If this is really such a big deal, which I am pretty sure it's not. They need to tell us the details of what the RTO is that's supposedly jeopardised!! Then we might actually vote and agree to a very small dilution.

They've tried to force our hand to dilute yet again for nothing, and this time we need to say never again.

Sell if you want, vote for 1 and 4 if you want, I care little, but know it's stupid.

I don't think it takes an egm. If someone has the balls to stand up and do it they should be able to table motions next Friday. I would go and do it if I could. Call the motion. Name the person and the role. Ask for a second to the motion Vote. The on to the next person. Until they are gone.

I cannot attend the agm myself, but I would strongly urge anyone with a decent interest here to just take the day off, head down there and table motions to remove any and all board members who are not independent. I believe you can table them one after the other after the main 4 resolutions to specifically name each person and their (whether physically present or not) and remove them. Hopefully enough of you guys turn up to decide the vote by show of hands.

Lol OK. Consultancy services to the ones who will benefit from the placing. Lol. I think we just get rid of everyone except Antos and leave up to him.

It was a non executive who published the last rns. So I don't know if that is saying something or not?

This is the problem that we can't even table a motion specifically to remove board members because we have no idea who is left.

020 3198 2554 Martin Lampshire. I'll see who answers tomorrow. Top of my list of questions is how many people still work there.

Unusually for me I may actually phone them tomorrow and see who (if anyone) answers. My interest here is only small compared to some, but I would suggest you guys with large holding just phone them and see what they say.

Very well said Tony. My interest here is tiny compared to most, but someone needs to force them to at least answer questions on this. We as shareholders are entitled to legally accurate accounts, they as our nominated board are required to answer us transparently.