Member Info for Millertime

It is a small company that is growing organically and through acquisitions. Value of the AIM she'll and cash on the balance sheet make this very low risk, stick it in the bottom drawer and come back to it in a couple of years.

Did anyone else on here go to the AGM?

Met Miles today at the investor show, very impressed. He was able to give reassurances about Frank's intentions for his shareholding and provide some more information on the different revenue streams.

Try the PRG RNS from March.

The Paragon money was used to purchase additional forestry assets, with the amount of cash we have in the bank I can't see a placing in the future as things stand.

http://www.investegate.co.uk/obtala-resources-ltd/obt/half-yearly-report/201509290700364537A/?fe=1 Revenue up, profit up, all going in the right direction

I wish we had a better backdrop to launch into, let's hope Greece and China behave themselves for a few days.

I think the Greece issue is significant insomuch as some holders are being forced to liquidate holdings to cover losses elsewhere, especially those using leverage.

I have spoken to the company and it would seem that one of the things they are looking at is splitting out the forestry business and giving investors stares in the forestry and non forestry businesses. I can only assume that they think the parts are worth more than their sum.

A bit strong Andy but you are right that it is concerning if one individual's error set this all in motion, I would assume that if this is the case that action was taken as it is likely we are still paying his wage.

I think the problem is that they went to the less discriminating nomads too late in the day, whether or not more could have been done sooner is something only the bod know, as us the amount of progress made whilst Ivan was out of the country.

http://www.insetco.com/chairmans-statement/

Why would INC being delisted affect how Melken and Quantus carry out their due diligence? If. Insetco folds they will be able to find another firm to do the monitoring. If you as a shareholder don't believe in the contracts will come to fruition why would anyone else? If no one believes in the business, being listed won't make any difference as no one will buy the shares and it will have cost to complete the listing. You would only list post deal as that would reinforce the business model, if not best to return the money you would spend on listing to shareholders. But I agree the. Canadian exchange would be preferable to plus markets.

He does, if not they'd have packed up before now.

I had enough thanks Newstate. As far as I am concerned the company has enough cash to run until at least the end of the year. This is and always has been about the 300k contract, if this comes in then there will be enough cash to run the business in the short to medium term and will lend credibility to any future listing attempt. There is no point attempting to list until the contract comes in as it will give credence to TW and his accusations of dodgy dealings, however, resisting when there is cash flow would see this share well above 0.1p. If we were still listed our burn rate would be greater and there would be more chance of going bust, albeit we would have the value of a cash shell as a backup, which would value the shares at about 0.03p. For all those who invested / stayed invested because they believed that the contracts will come through then this is no real setback and if anything gives longer for this to happen. It reduces the liquidity of the investment in the short term but long term, if the company comes good then I am sure there will be plenty of chances to sell up. For all those who are short term traders and never believed in the business to begin with then you were speculating and should have known the risks. I suggest that all the posters on here free up their diaries for the AGM and put your questions to Ivan directly. A matched bargaining facility would limit the cost for the company whilst allowing shareholders to sell as an interim solution for those needing to liquidate? I have since spoken with him and had a very constructive discussion, as stated above I have always been in until the contracts come in or the company goes bust and as it is in my SIPP the delisting doesn't have too much of an impact liquidity wise.

The company has cash so it shouldn't cancel shares. If anything the delisting reduces the ongoing costs of the business. It is still awaiting the 300k and whilst there is a chance of this being received I can't see them liquidating. Most likely scenario is the company buys itself a few more months for the receipt of monies. If they come in the business has cashflow and is viable, if not it is then liquidated. Delisting is bad for shareholders in the short term but may give the business a better chance in the long term.

That is exactly what he said, which I passed on after being asked to do so. I also went all the way to Bedford to attend a meeting and passed on what I had been told to try and help I have lost money here like a lot of people and am not pleased about the situation. I didn't do anything that anyone one else couldn't have done, Ivan's details are on all the statements and has always replied promptly to requests in the past.

In my option we should be ok but let's wait for the official confirmation.

Haven't raised them with Ivan, I thought he had enough to be getting on with. One thing we can be sure of is that the nomad due diligence would have looked into them so a nomad appointment would add strength to the perception of the contracts.

No he isn't he likes to pop in from time to time to give us his valuable insights. Come tomorrow he will be off trolling somewhere else, which will be a shame as deramping a stock that isn't currently trading does occupy him without any real harm to anyone.