The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
Can any one suggest any way in which NNN shares may be sold to rescue whatever little money they are worth, or is it a total loss?
For those other investors who, like me , may have been wondering whether they should vote for or against the voluntary liquidation of the company , I suggest considering the relative merits of the liquidation process and the alternative administration process, before making up their minds.
The key difference between liquidation and administration is:
• Liquidation aims to close a company and Administration aims to rescue a company.
“Liquidation brings the end of a company by selling its assets before dissolving the company entirely.
Administration is used when there is a chance of rescuing a business that is experiencing high levels of financial stress. If successful, company administration can lead to the complete recovery of a business, allowing the company to repay its debts and escape insolvency to continue trading. It can also allow the business and assets of a company to be sold to a newcomer; ensuring the continuity of the business.” (The Insolvency experts)
Administration tends to be better for a business as it looks at ways to rescue viable aspects of the business to allow for trade to continue. Liquidation however simply closes the business down.
Considering the peculiar manner in which Nanosynth has been mismanaged, the lack of transparency, the cavalier way in which shareholders have been ignored and the distrust I have of the management, I cannot back voluntary liquidation. I hope that the alternative route of Administration is seriously considered
I have no hesitation, therefore, in voting against the resolutions
mcl47 : I highly appreciate your adaptation of this inspirational poem which is so appropriate to today's deliberations.
In particular the poem's line, "If you can meet with Triumph and Disaster
and treat those two impostors just the same," (written on the wall of the players' entrance at Wimbledon) spells the flavour of the day.
Good evening Pedro 90
Thank you for your helpful contribution.
I read your useful comment regarding Schneider Electric being now on board in your earlier post with interest and that gave me renewed hope for CYAN. Especially in view of the dawning potential that a scaled up expansion of the Indian National grid might offer, I remain sanguine about the company's future.
I look forward to the next trading update and again thanks
I have a relatively small number of shares in Cyan and interested in reading other investors’ views on the company.
What I find very odd is the continuous barrage of sarcastic criticism, endless jibes, and relentless negative commentaries by a trio of individuals.
Foremost among these is No1 all negative poster who provided 105 posts on LSE in the last 30 days, every single one on Cyan
The next one posted 64 times again all negative on Cyan, and the third one 50 times on Cyan (and 24 times on two other companies)
It is perplexing that if people are invested in a company but feel so disenchanted with and derisory of its management, prospects and future, why would they spend so much time, effort and energy in assiduously running it down. Would it not be so much to their advantage to sell out and invest in something in which they believe.
Or is it due to their selfless desire to protect potential naïve or unwary investors from making disastrous decisions.
Or could there be any other reasons?
I am curious and wonder if anyone has any ideas.
I would urge other shareholders who, like me, feel that the mess at Polo should be sorted out as soon as possible before more of our cash is spent on "Salaries/ Bonuses " to email sjohn@phronimoscap.com and confirm their support for their present approach
I have just done so.