Member Info for Nanogeddon

There is no justification for NiggWit, TerrorWit or any other Wit’s continual defence of this company, the Board or the settlement, other than that he is on the inside. This is perhaps also why he did not get stung by the fake news propagated by the company.

The wonders of predictive text

Nobody believes you, Mr. Tanner.

Do people really still have time for nobody believes you, Mr. Tanner.

Do people really still have time for this chat room??

Turner is full of shat. He and the Board believe neither in themselves nor the company. That’s why they opted for just enough cash settlement to get them safely through to retirement. And I’m fairly sure that’s all the money is going to go on.

You can just buy them for 18p.

They’re hoping for some good news to boost the share price before buying back any more shares.

So Padmini VNA entered into a 50:50 joint venture with Saietta with one of Boris’s oven ready deals, and Parmini had no interest in buying the other half??

Please excuse my naivety, but may I ask what tax payments are triggered for a director to pay when a company does a share buy back.

Bullshiit!

They are not obliged to sell their shares. No tax falls due on shares until they are sold and NI isn't due on shares at all. Any other tax or NI that the directors are liable to pay is irrelevant to whether they are selling their shares, and certainly irrelevant to whether the company is buying back shares. Tax and NI are paid on a PAYE basis.

Am I missing something here??

It's interesting that you think we have had a 'share price drop' rather than that we had a 'unwarranted share price rise'. That should give you a clue as to your irrational sentiment on the share.

You've obviously not been around very long. Do some research before you get burned.

If you can't sell your shares without those miserable ungrateful contemptible shareholders complaining about you milking the company... do a share buy back.

Has anyone thought of buying into Henry Turcan's fund...? Maybe there's money to be made there?

LOL

This didn't make me suspicious. Not at all. They Samsung debacle made me suspicious.... and my suspicions were later confirmed at great expense.

Oh... is that what they said... they are very creative.

Do be warned...

When a company has profits or or the market believes in potential profits, a buy back can increase the share price as potential profits can be distributed among fewer share holders.

The share price will not rise in this case because the market doesn't believe there will be any profits... and neither do the board, for that matter.

Sorry.

So the directors are selling their shares again with the money from the disastrous settlement :D

For tax reasons...

They are so full of shiiit!

*If there are NO future profits what you hope to achieve from a share buyback?

The idea of a share buy back is so that fewer shareholders can share the future profits. That raises the share price.

If there are future profits what you hope to achieve from a share buyback?

I sold a few weeks ago. But that does not change the fact that I lost money because of the liar Tony Gott. I will be voicing that. Why are you here?