Member Info for NorthernExplorer

Can anyone give me a quick update, just looking in and very interested. A quick scan of the books looks like its actually on negative value for its investments but if say Motif doubles this could multibag. Is that how its standing ?

Oh dear, Oh dear. Is that the smell of burned Bulletin Board Moron fingers I detect? Flybe (FLYB) shares were 16p last night. This morning it has announced an agreed takeover from Virgin and Stobart (STOB) at just 1p per share. And that is generous. Lucian Miers and I did warn you.
Flybe has massive debts and commitments and so the regional airline was toast. In announcing a “strategic review” on 14 November it was admitting that the game was up. Virgin then ‘fessed that it was looking at the situation and might make an offer. The morons assumed that it would be at a huge premium but that was cldearly nonsense.
Lucian commented this his advice was

“to short Flybe (FLYB), even at 15p which values it at £34 million. The price has almost doubled since it announced that Virgin Atlantic was vaguely looking at it but given the mess that it is in with huge liabilities and commitments I can’t see any acquirer paying more than a token amount for the equity, if anything at all.”
And so it has come to pass. Since Flybe was essentially toast 1p per share – valuing it at just over £2 million is generous and shareholders should take it on the chin and accept. Should, for some reason, they reject the offer then administration will follow and they will get nothing. Instead Virgin and Stobart will pick up what they want for peanuts and creditors, bankers and others will take a haircut while even more staff will pick up a black bag and P45.
Amazingly the shares still trade at 3p as some morons are hoping for a higher counter offer. They are delusional.
The moral of the tale is that when a company which is drowining in debt and liabilities announces a strategic review it will never end happily and is a sign to short not go long.
I now await for the usual apologies from BBMs who abused me as they knew better. I am not holding my breat

Not my favourite people but he makes perfect sense.
I've a friend who has lost a decent amount on this shambles. He contacted the financial advisor to flybe- Numis (whos number is cleary stated on company info ) to clarify the possible outcomes. They gave the usual- we cant give advice BUT It's basically 1p or administration at this present time ( 0p ). As also has been stated earlier, its the market that makes the price of the share- they cant be held responsible for this. You often see shell companys who mention something tech and the herd piles in for no reason, sending it five fold, some mug buys at the top and lose 90% when it drops after the herd is gone- you CANT blame the company for that.

Brainer pick that dummy up right now and get yourself to bed.....BAD BOY

Don't forget, sell on the first spike, it might never happen again, yes look at what happened to aiq, many people burnt by listening to people like Brainer

Brainer, never held any of those either, just chatted with the gamblers. read and you will see

Goodnight, don't forget, sell on the first spike

PMSL.....disgusting thoughts...WTF....you should be ashamed, I hope nobody buys in on your lack of knowledge

Ah right, you said based on last result, the MARCH 2017 one, I was using the SEPT 2017 one, I thought that was more up to date..why not use the 2013 or 2014 ones...they were worth over £30million then not the £3m or less now....Barnum and Bailey are looking for you Brainer

Don't have any and don't expect to buy any brainer, just love to make fun of the rampers on here, some people might believe your posts, that's so wrong and dishonest, shame on you. I know you made a few quid and are probably nervous buying back in at over 5p, but if your not greedy you might get out with a profit if you sell early on, as I think it will rise first thing

Yes I read the SEPT 2017 report which is the one AFTER the report you read from the LSE which was the MAR 2-017 which was the EARLIER one...

Lol.....4.02p...…..that's old.....that was MAR 2017...read the report SEPT 2017, Which says ::::: Total Assets decreased to £2.8 million (31 March 2017: £22.2 million), with a complete impairment of the Sanaga assets recognised during the period. Yes that works out at around 90% drop in assets.....that was based on old number of shares, the extra shares raised the money to pay for chemring…..new NAV will be less than 1p accounting for around £1m cash and £2m worth of licence

LOL...Haven't posted for ages....but had to laugh at Brainers posts,,,,his imaginary free floats gets smaller by the hour, and saying it will bag every 5 minutes..PMSL…..updates on deals and drugs....LOL.....They are eye drops that will if lucky start trials next year...hardly gonna save the world....lol....Like many have said..this is AIQ...only moving because the crazy fools are buying...its way overvalued as sensible posts have already posted.

Well said matador. Buy your stake now while it’s very cheap How much did Saladino pay??? And he knows more than anyone on here as he’s got all the inside info He’s happy enough to buy 10% for 17p a share

As for any possible deals, the company tells us that: the Company is not currently in any advanced negotiations with any target. In accordance with this focus on businesses within the e-commerce sector, and counter to speculation in the market, the Company emphasises it has no plans, nor intentions, to make acquisitions within the sphere of digital currency or blockchain technology. So that appears to rule out the wild speculation that was going on when the shares first listed. Well, good luck to all concerned. I hope it all works out and nobody gets shafted. But this highly professional IPO has been a complete shambles both in terms of the paperwork (albeit a relatively minor transgression) and more importantly in terms of achieving an orderly market. I don�t know who is responsible for the latter, but someone surely should have realised what was going to happen if the newly listed shares were on bits of paper which had not been sent out, and people suddenly started buying. As for those who piled in at up to 125p for stock which was not available, is anyone going to make their seemingly inevitable losses good, whilst placees appear to be in the box seat to cash in? Is that how the London Stock Exchange wants its Official List to be seen?

We are told that: It is expected that once the Suspension has been lifted, and enough time has elapsed to allow all outstanding trades to settle, the Company intends to make an Open Offer for up to approximately �250,000 at the Placing Price. That should ease liquidity further, but it is hard to see investors queueing at the door for stock at 20p when most of the cash raised was at just 8p for a cash shell. However, it does mean that if the shares do not collapse back to 8p then existing shareholders can get in on the same terms as the placees so that seems fair enough. To emphasise the silliness of the share price movement, the company states that even at the 20p placing and open offer price, the market capitalisation would be �10.3 million � a considerable premium to the sum of current cash on the balance sheet�and the proceeds of both the placing and open offer. Of course, the placees look to be pretty certain of a win: their shares will be admitted, it seems, ahead of a lifting of the suspension. Does that mean that whoever was buying at 125p will see their cash (or at least some of it) to the placees? Nice work!

In one of the most bizarre listings the UKLA has allowed through, AIQ (AIQ) got onto the Standard List in January, only to be suspended three days later. The shares had gone mad, rising to 125p at suspension despite being a simple cash shell having raised money at just 8p. It seems that there were buyers but nobody could sell as their shares were paper certificates which had not arrived. But there were a few other matters too. There were Red Flags all over the place: the list of directorships was obviously incomplete (despite assurances that this IPO has been handled very professionally) and a wander through Google showed the linking of AIQ with businesses out east which were somewhat questionable. Those links were taken down and the links denied (apparently they had been put up by someone else), and internet speculation that a deal was in the bag for AIQ proved wide of the mark too. But the directorships were admitted and have now been corrected. Naturally, perhaps through gritted teeth, I accept the explanations, despite the possibility that some of those buyers may have originated from beyond these shores, based on (wrong) information. Indeed, while the wrong information has been taken down, I wonder why it had not been addressed before the IPO. Today we are told that there is to be a placing and open offer at 20p. The placing is for 575,000 new shares, with discussions underway, the idea being that this new stock when combined with existing stock which has now been dematerialised will allow an orderly market to be established.

Exactly evalu8.....Why have they done this 20p raise ???????? WELL.....they have like you stated �3.5 million in ready cash, they haven't invested a penny yet.....why the raise you ask....why at 20p ???? WELL....Like they quoted """""""""""""""the Company's total enlarged share capital would comprise 51,839,375 shares which, at a price of 20p, would capitalise the Company at approximately �10.3 million """""""" OKAY.......BUT that's still THREE times its cash value .........after the conjured raise at 20p to make fools think its worth 20p a share.....NO after the raise its worth less than 8p per share in cash.....They have done this odd little raise "THEMSELVES" To fool the foolish into thinking that's its true value....LOL....If you divide its cash pile out to shareholders they get 8p per share......that's if it is done quickly, before its eroded by the wages etc

Just a requirement they have to adhere to. Probably more relevant to a regular trust and not one investing in seed funding like ffwd. As long as it’s the last example as the other 3 would give us a loss. Lol.

TBF though the management did say they would reduce the annual costs. As long as we get profit I don't care if its 30% a year