Member Info for MattTheBrave

Yes this Board certainly had it's cast of characters. GCC, posting when he managed to evade the nurses at the home for the stupidly insane; Brad and his incrasingly bizarre and random musings; Tyche for his strage need to argue points of no relevance to the shareprice; General George, who confidently, and coprrectly , predicted the first (of a few) D4E swaps; The deeply unpleasant Whatsocurring who seemed to hae v anhealthy focus on what hecaleed 'wris merchants'. And of course, the harbinger of a lady of enourmous giirth who sings, South Street. And finally HITs, your good self, easily the best informed and most sensible poster on the Board who still attracted a dgeree of abuse, but weathred it with excellent grace. What a laugh it's been - well, for those of us who sold a few years back anyway...;-))

The fact that half the debt is converted to equity is irrelevant Dan. How an asset is funded does not affect the degree and speed to which you depreciate it. Book value per share (which is the key BV metric for shareholders) does not change under a D4E as whilst overall BV increases, so does the number of shares leaving BV unchanged.

Dan, you cannot say on one hand that Depreciation doesn't matter, and then on the next post argue that the stock looks cheap relative to it's net tangible value ion the balance sheet. The assets are , partially at least, being aggressively depreciated because they simply are not worth what they are valued at in the BS. Once that process has largely finished, look at what your BV is then!!

Dan - wake up. Do you know even what the letters in EBITDA actually mean? Positive EBITDA is meaningless if the I, D, and A are consistently swamping it. Positive EBIT and fast is what will save the value of the equity in this company (whether listed or not) and that is very clearly not on the cards here.

So Dan, I'm a little puzzled as to this mysterious paddle which may or may not be there we get into the 'de-listed' boat which is clearly now floating up sh*t creek. On Friday last week you told KPatel that the paddle was certainly going to be provided and all was well. However, in your post below, you are now questioning the very existence of said water propulsion tool. This is very confusing. Will there be a paddle or not, Dan? (:-))

Thanks Amanda. Nothing I want to do more than sink some my hard earned wealth into a stock tip from someone who admits to having been invested in this pile of junk (debt)!! Surely no-one's going to follow that one - ah wait, I forgot about GCCRa - he loves small caps with no earnings!!

KPatel - there will be no share price, and hence you will not be kept infomed of what your holding is worth. You will also receive no imformation about the Company unless you dig for it. Why do you think so many PIs are selling out?!

Fair enough Jeff, good luck to you sir.

Talking of the moronic, sorry not to have heard from GCCRa in the past few days. Wonder if he's sold out......?;-)

This Board does seem to attract the moronic. Just add Parsely to the long list..........

Good question- why did you? Were you in anyway encouraged by posts on here, or was it something else?

Well I was a holder, so retain an interest. I only post when I think someone else has posted something misleading. If you were to look a few years back, you would see posts from me involving analysis and critical thinking (as I post on all the other stocks i post on with LSE), but given the barrage of abuse, I decided to simply respond in kind. I believe that SS's backstory is similar. I have never called the end of the Company, or even talked of fat ladies, simply my concerns that any return for shareholders was extremely challenging given the size of the debt mountain. Everthing else has been direct retorts to posts aimed at me (as this is).

Just a community-spirited type of guy I guess :-). If i've saved some unsuspecting investor a few quid, as opposed to them following the bilge that you GCC and the rest of the brain trust have posted, then it's been well worth it.

Dan - Even in the face of the Company's ultimate demise (from a share price perspective) you prefer to focus your ire on those here who have been proved right time and again. It is you who needs to move on I think. Good luck though :-)

Who's buying? Me of course - price finally got low enough for a punt.........
(only joking of course - LOL)

Calm down Brad - it's only money after all.....LOL!

Under suspension, they would still have to follow the same disclosure rules, so they'd lose some of the 'advantages'.

Best thing is we won't have to continue to hear the swivel-eyed optimisim-with-no-foundation merchants harping on in the future. Actually, that's the second best thing. Not having a holding in this dog of a share is the best thing! Lol

There are no clouds - the sun is shining down!.

Wress - you £40k is now less than £20k- Lorn knows what possessed you to throw that much into this!? did you not read this Board and discriminate between those with some degree of intelligence, and those without? If you stay here you will now be invested in a close-to-zero liquidity investment, and you'll be largely in the dark given the reduced information that will now be coming from the Company. £20k is better than nothing - I'd sell whilst the liquidity is there if I were you!

Dinoken - Not qute right IMV. Falling yields just tells you that gilt prices have risen - these are fixed-income investments so the only way the yield changes is through price changes. So in fact, for those liabilities where gilts are already owned, the cash flows form the investments remain the same. What it does mean is that for future business you would need to buy more gilts to pay the cash flows, but this will be built into the pricing pof that business. So falling yields is immaterial. The price move today is frankly bizarre, and leaves the stock heavily undervalued. Evene if it stay where it is, a 7% yield and ivvy growth of 10% provides a fantastic return.