Member Info for pollypundit

auditors getting panned

haha ok tw

wow ur up early TW. Let's get our heads round the current shenannigins first shall we.

11 NOV 2015: PLEASE NOTE THAT THIS IS A REVISION DUE TO MODIFICATION OF THE TEXT OF RESOLUTIONS 1 AND 2. IF YOU HAVE ALREADY SENT IN YOUR VOTES, PLEASE DO NOT VOTE AGAIN UNLESS YOU DECIDE TO AMEND YOUR ORIGINAL INSTRUCTIONS. THANK YOU. "TO AUTHORISE THE COMPANY'S NAME TO BE CHANGED TO WATCHSLONE (sic) GROUP PLC UNDER RESOLUTION 2"

to me if you have set a limit for sale - post consolidation the price may at least somewhere in the region of the current sp so be careful you do what you mean to do if you have set a stop loss limit or sell on profit - I am not sure whether the set limits continue after consolidation, check with broker?

What we need in fact is to see a very clear proposed resolution published in advance of the GM that deals with this.

ty GS, AEM. We will expect confirmation at meeting. In the meantime shares are cheeeeeeeeep everyone.

@ Grumpy "The 10p CR for 2016 will also consolidate to £1" Hi GS - how do we know that precisely - this was what I was asking yesterday? The indicative amount of return was based on the shares at the time it was declared: NB the RNS for Mon, 30th Mar 2015 07:05 stated the following: "The precise amount of any distribution to Shareholders has not yet been determined but the Directors expect that, in aggregate, the initial tranche will be up to £500 million (representing in excess of £1 per share, *based upon 440,946,623 Ordinary Shares in issue as at 30 March 2015* (excluding any options over Ordinary Shares))".

Turn up to the meeting with placards bearing the message "Beware the Stones" (no offence Mick)

And don't forget the sp went down to the 70's recently only because of fear and ignorance as to the true state of the accounts.

I do not think court approval is a big deal at all. We have made a very conservative retention for legal claims which are going nowhere fast anyway: when the claims are disposed of and SFO is done, there will be a considerable uplift.

yes I take your point. How about Stonewall Inc? has the necessary degree of gravitas, gravity and sheer sang froid in the face of querulous shareholders....

"Hi naks, I think we are talking about the 2nd tranch payment next year which will be 10p per current pre consolidated share or £1 post consolidate" Yes we are. Also, what exactly happens during the day on 18 December - if trading carries on up until the consolidation record date of 6pm on that day?

Well artlover what would you like it to be called? Strapmein Group?

Yep, I was calculating the wrong way round - shares will reduce, price will rise, but q still remains - the commitment was to return an extra 10p or whatever on a share that was worth about a pound - how will that work in new money? As Roc_Xel points out, we are in danger of losing the correct point of reference on which the commitment was made.

@Newboy right...so return of capital is based on the consolidated share (which gets consolidated on 18th)?

the return above 90p (which was promised to be at least another 10p) - is that another 1p instead???? Keep your eyes peeled on the board.

We are going to be as fine as fine can be. Worry not wagger of tail. Therefore Polly admonishes you, do not worry about your life, what you will eat or drink; or about your body, what you will wear. Is not life more than shares, and the body more than the shorts we inhabit?

The shorty boys have fled from their high seats in the golf club of our civilization. We may now restore that club to the ancient truths. The measure of the restoration lies in the extent to which we apply social values more noble than mere monetary profit. Recognition of the falsity of material wealth as the standard of success goes hand in hand with the abandonment of the false belief that public office and high political position are to be valued only by the standards of pride of place and personal profit; and there must be an end to a conduct in banking and in business which too often has given to a sacred trust the likeness of callous and selfish wrongdoing. Restoration calls, however, not for changes in ethics alone. This bulletin board asks for action, and action now

No I think it's like my Nana's cake, she called it "cut and come again" cake. Mornin' all.