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Thanks Bridgedogg1.
I certainly do believe that myself too, unless we get shafted that is as the holders of Shanta Gold have just been (although I'd like to think that SD and Co. are of a totally different ilk to that of the utter scumbags that sit on the SHG Board!!!!)
Good luck to you also.
Thankfully Krustysmegma I only invested a total of £50k (from an inheritance I received from my late Grandfather as a total novice back in 2014 - hence the many other total investment disasters in my Portfolio!!) so still in profit!
The majority of my losses (and profits) are from GGP (I have just over 1.7m at an average of 1.1p) and so the losses overall are only 'paper profits' thankfully.
I tend to try not to think of it as money (and especially what I could buy with it!) but just numbers on a score board (which is probably why I failed to sell my GGP at the ATH of 37p like many others!).
I did sell some GGP at 18p to invest here initially though and have recently managed to average down form £2.58 to 96p thanks to the Share Issue so 'only' down 86% (c.£70k) now.
Originally looking to sell up at 'break even' as with the sp at GGP currently being so artificially low I could pick up another 1.2m odd shares over there, however I will monitor SAR carefully as I may decide to stay in the hopes of the 'big payday' (if the BOD can finally get their sh8t together!!??)
Good luck!
Tell me about it Krustysmegma!
I've seen the value of my HL stocks & Shares ISA plummet from £750k in Dec of 2019 to just under £117k as of today!! 😭
''Whose job it is to protect us from CEO/CFO shenanigans''.
I always thought that it was 'The Regulator', but then we all know how utterly f8ing useless they are!!!! 😡🤬😡
''I would like the BOD to clarify exactly where we are with RF, how many shares they have left, how many warrants are outstanding and at what price''
Totally agree Seawolf!
Having just saved their sorry asses from their utter business incompetence, they'd better be more upfront and transparent with us now in return!?!
They owe us at least that IMO!
??
''but will avoid prison after pleading guilty to insider trading''.
Yeah how does that work then!?!?!? 🤔🤨
If it was any one of us we'd be banged up - Guaranteed!!! 😡🤬😡😡🤬
Afraid not Laney as I thought this might happen so I sold out at 14.2693p just before the vote.
(Might just drop my contact at The TakeOver Panel an email just to let him know that the T/O vote 'passed', though what good it will do is anyone's guess!?)
Would have held on but I wanted to put it all into SAR (which had an 11.00am Monday deadline for their latest share issue) so as to reduce my average over there from £2.55 to 96p!
So sorry for all of those who have backed SHG for so long only to get shafted at the point where the rewards start to flow (especially those still underwater!) but AIM is corrupt as f8ck I'm afraid, so you just have to 'pay your money and make your choice' I suppose!?
My two major holdings now are GGP (2,004,528 shares) and SAR (84.441 shares) which are both 'Sh8t or Bust' shares, and once these have played out I'm soooo done with AIM!!!
They should but they won't shareminator, they'll be laughing all the way to the bank!! 😡
The corruption of AIM at it's 'finest'!! 😡🤬😡
''· the requisite majorities of Voting Scheme Shareholders voted in favour of the resolution to approve the Scheme at the Court Meeting; and
· the requisite majority of Shanta Shareholders voted to pass the Resolution at the General Meeting to approve the implementation of the Scheme''.
F8cking robbed or what!!??!!!? 😡😡🤬
Ripping off Tourists would appear to be a national past-time in Portugal from my own experience Speedy!
Only been once many years ago (early 90's) with an Ex-girlfriend, who's parents managed a Golf Club out there and have never been back since!
At the time that we visited their banks were charging £7 commission on every travellers cheque they cashed (what ever the value) so had my ex's father not given us some cash, most of our spending money (in £10 Travellers Cheques) would have been lost in commission!
And don't get me started on the £80 we were charged by a rather scruffy looking Beach Bar (shack) for 4 bowls of mussels and two bottles of white wine!!!! 😒
Thank goodness we the LTH have bailed the company out again and they had better remember it this time .. they are a very lucky BofD!''
Exactly Sliverfoil!!
Dear BOD,
We've backed you (YET AGAIN!) so this time just ensure you don't fcuk it up please!!??!!
Regards,
Your Loyal Share Holders
Just applied for another 55k shares for both my brother and myself to bring my average down to 96p from £2.55 (and my brother's to 36p).
Was it the right thing to do? Time will tell!
Just hoping at this level we might get our money back, as I'm currently sitting on a c.£72.5k loss (and should we get taken out at anything north of a £ at the moment I'd be ecstatic!!)
Anyway, GLA (I think that we may need it!?)
Sold up this morning (only 39,100 shares each for myself and my brother) for a small £500 odd profit (as the difference in profit, of a few hundred quid, is negligible between today and the 15p T/O price, as yes I do think the crooked barstewards are going to 'squeak' this through! 😏).
Needed the funds to take part in a share offer (with a deadline of today at 11.00am otherwise I would have waited!) so as to reduce my average in that company from £2.55 to 96p (as currently underwater over there by £72.5K!) in the hopes of breaking even!
Whether it's the right thing to do only time will tell, but I believe the risk/reward is better (but then with my track record in investing WTFDIK!!!!????)
Wishing you all the best, hopefully I'm wrong and the T/O attempt will fail (but what then!?)
Hope you all get to see fair value (especially the LTHs!).
Good luck!
MB
''I notice that KEFI rates as a Walter Schloss 'New Lows' Screen(Bargain Stocks)''
No sh it Nimrod22!?
I've been invested in KEFI since 2016 and am currently sitting on a 98.10% loss!!!!
''Others bought at the old 9p price and have been hugely diluted, which is awful''.
Tell me about it Brighty!!!
Still going to attempt to get more (55k shares) on Tuesday so as to substantially lower my average from £2.55 to 96p and to where I can hopefully recoup my losses and get out at break even (or even a small profit!)
Only fear is this will be oversubscribed and I won't secure the number of shares I want! 🤔🤨😔
Apologies metis20, I had meant to say Mog24!
Tempted to sell my modest holding in Shanta Gold (at a modest profit) and chuck it all in here?
Would effectively reduce my current average from £2.55 to 95p!
Decisions, decisions?! 🤔🤨
Metis20
Might be worth dropping a copy of that email to:
thomas.grace@thetakeoverpanel.org.uk
He is the very helpful guy I have been dealing with and it might be worth making him aware that the instruction to (incorrectly) nullify the previous votes came DIRECTLY from Shanta themselves!
If that isn't a deliberate attempt to confuse the voting process then I don't know what is, as well as surely being illegal.
(Just wish they'd sent me the same email as I'd have already done it myself!)
''I have received this as well as a rather panicked secure message from HL stating that it was Shanta that had told them to nullify the previous votes''
Is this illegal? Probably
An attempt to skew the vote? Definitely
Will anything be done about it? Most definitely not!