Member Info for Quiggers52

It is 16% off of its ATH.

Test will be when the buy backs stop

Not 100% but the buy-back shares are held in treasury and thus not entitled to dividends that being the case (normally anyway)

"Under UK law, yes,"

I stopped reading at that stage, two lines in.... There is no such thing as "UK law".

Another example of where the so-called sophisticated investor reveal itself to be a paid ramper on Zomboni`s pay roll.

There is Scots law.

There is law of England and Wales.

And there is law of Northern Ireland.

UK law does not exist.

What Zamboni did was to use the cracks in the pavement, where all of the other small little parasites live, and lawyers, to build a story. It was impossibly complex and full of holes and non IFRS compliant.

He also hid behind legal distinctions like " agreement signed" rather than "contract signed" on the understanding that only a lawyer would recognise the distinction between an agreement and a contract. All contracts are agreements (it is impossible to have a contract without the parties being ad idem). But not all agreements are contracts.

People make "agreements" every day and break them too more often than not, without being sued. (They are informal)

It is a contract which gives rise to rights and obligations. (They are formal.)

Zambogey knew all this. When he came over from Italy doing the rounds in the UK trying to woo sophisticated IIs they would not go near him.

So he targeted non-sophisticated retail investors dumb AF who believe what they read, obediently, unquestioningly. Someone mentioned a cult, the Kool-Aid.

Jim Jones, Zambeisy wasn`t but he is sure in the same mold. And his acolytes treated him like a "reverend". Some still do, like you know you. 99+% down on 2021 and yet the same tired old lies keeping coming and they always will. Because where there is no truth there is only bile. Toxic and evil-smelling. Be prepared for more to come up spew forth, in some shape or form.

Oh God here we go back in sunshine and Velo turns up maybe with Studiooo next his fave side kick whilst that de-ramper BangCrack or other whose name I blissfully forget is nowhere to be seen. You could time your watch by it. Well, it is a free country. Nice to see you.

How are the charts looking Velo? Or have you gotten over that ?

"by transferring title to a third party without needing a customer invoice. no sales needed. no debt added to the balance sheet."

see - this is the type of ****e that even 5 years on the muppets are spouting. under english law it is not possible to transfer title to property without that transfer constituting a sale. it is not difficult. i have an asset. i can either gift it to you gratis subject to taxes or i can transfer ownership of it to you under a trust if you are a child for example (the legal owner will be a solicitor, the beneficial owner will be the child) or i can sell it to you. as you expect to get some form of money consideration in return, then it is a sale. but these idiots push the lie, peddle the deceit and even now, are still talking ****e. **** them, and all of the other syme idiots who never wanted to lift a finger but wanted to be rich if they are like this moron. you all deserve precisely what you got. fleeced.

A polished summary of this fascinating story of : snake-oil, greed, ignorance, FOMO, hope, obfuscation, etc. etc.

When it appeared and I read the Prospectus, the complexity of the business model stuck out like a bulldog`s proverbials. Those who claimed to follow its logic were lying. To others and to themselves. I checked with professionals. Auditors, who know their way around IFRS and its rules. They all agreed, this was a sham. Factoring was nothing new. Off Balance Sheet financing nothing new either. Here the assets were sold to a third party. Or were they? There was no true sale. Or was there a discretionary trust? No-one REALLY knew. And with good reason. Then came exotic devices like a "captive bank" lol. Then there was the related party transactions. The auditors would not let a sham through would they? Ahem....Caparo v Dickman

Tom was also there for the innocents, had they listened to him. I spoke on this forum. it was always the same; shouted down. Insults.

I traded it. Knowing it was a scam did not stop me. A few grand only, 25% gain here. 15% gain there. It was easy as pie. Provided you were not too greedy, did not go in too heavy and always put that stop loss in just in case.

I listened to the stories. The sad fuc** who could not or would not listen to the truth. It was quasi-religious. "na-na, nanan- na - I`m not listening, Not listening. You`re just a jealous pathetic loser" On an on it went, the red flags. So fricking obvious you would have to be a moron not to spot them.

There were even people who joined the "Millionaire`s Club" and bragged about it. The volume of stock they held of course. But they truly believed that the dollars would follow. I recall one in particular. A long term advocate of penny stocks (a harbinger of what was to follow) he proclaimed "This is it!, This is the big one." He recited about his previous fails. How those had all fallen by the way side. But this time, this time!!. Well, you had to be in it to win it!

Recall the Golden Tickets?!! I could go on..

Will sort of miss it in a weird way. it has been a fascinating observation that much is true.

Indeed so !

14 and a half grand, Director dealings; that will do nicely!

Not many peeps know this but Donmac is in fact a rather old crusty, Oxford educated, economics don, hired-out on a consultancy fee basis to anyone who can afford to pay him; all of this Glasgow-kiss type talk is a bluff.

You heard it hear 1st.

PE of 20 is hardly cheap.

My biggest holding - AET - is just over 3 by way of comparison!

Chuffed to see my limit order filled today : 10,940 @ 46p another short term in and out trade with 60 - 90 day time horizon stop loss as always at 10%

I see the bond market reacted to RR tears yesterday; a very sad sight to see. That Hoyle Speaker reason posted sounds like a distraction not saying it didn`t happen but that cannot be the whole answer, this woman is tough as old boots FFS, do me a favour, she`s no shrinking violet.

Volatility. That`s the point. Traders love it (so I`m told)

GLA

Just seen 15% spread. WTF!

(what`s the future?)

:)

Did I see £19 on the bid.

" BMO Capital Markets expects strong momentum to continue, forecasting platinum to reach $1,500 by year-end—about 10% above current levels."

Already done and Brent dropped 6% so markets think risk baked into current price but would be foolish to take any sort of position with anything more than a grain of salt. What US does next is key. If this is REALLY about regime change then US need a trigger, a reason plausible enough to "go in" a la two decades ago in Iraq. Iran smart enough not to kill any US personnel, so token gesture to its own people. This is still on a knife edge.

Yes one cannot control such risks but one can control the time horizon, the entry price, the target price/exit point and if the market moves against, set a stop loss, brush yourself down and roll with the punches; tomorrow is another day.

Oil price looks prone now to spike. The effect of PGMs is unclear.

This is now a war between U.S. and Iran. What happens next him upstairs only knows.

Agreed, head examined

Not if, but when.

Surrounded by hawks. No reason not to. Nobody is gonna stop him. China and Russia will not intervene. UN will make " I condemn" noises. EU will continue to say Zion has right defend itself however absurd that lie is.

UK will follow the leader. Fall in line. Yes men that we are.

I recall the mantra of the IRA : I`d rather die on my feet, than live on my knees. Where is the leadership? Just a bunch of heartless, gutless, craven cowards. UK/Brits....bunch of US poodles. The Govt. that is.

GLA

Yes, the "Effective Date", - it is typically a defined expression in a commercial contract - is the date when the rights and obligations of the Parties enter into effect. It can be the day/date the agreement is signed, or it can be in the future, or in the past. The date the agreement is signed must reflect reality otherwise it could constitute a fraud. But the date the rights and obligations enter into effect as I said might not be the same day/date the agreement is signed (as here)

Of course, that is the general position. It might be overridden by the express terms of the agreement itself.

Good rise today.

Two weeks to the inevitable bunker buster deployment of the biggest bomb outside of nuclear. FFS what is the world coming to. Blatant breach of UN Charter and International Law. Did I see Trump trying to cosy up to Pakistan? No doubt trying to give reassurances. They must be dumb AF if they even entertain listening to him on any level other than comic-strip entertainment (something to tell the grandkids)

Seems our Scottish friend (the other Don) called it. Where is his sources I wonder ....?!

What`s going on is that the Rh price/oz. (at the same time) was hovering around $22,000!

So clearly, where we are now feels about right.

JV news might move the needle on this. I doubt Pt. alone will much more.

Hope I`m wrong.

GLA

Fun fact: the last time Pt was at this price, the SLP SP was 85p