Member Info for rickmeister

Neil. You may be fair enough to offer your congrats if this company rises from the dead but I wonder if NicName will. No doubt, if it does all go well, he'll say he was only joking and actually bought in and is now a millionaire! PS, my original investment that I valued a week ago equivalent to a Big Mac might be worth a proper fish and chip supper.

I can get a quote for a sell at .38p but no firm quote for a buy

Nothing on the company website either. Maybe a 5pm lousy RNS or next week.

Looks like it, I'm assuming Dean Stevens Wealth Management. Themselves or on behalf of someone? Hopefully something brewing.

Neil. COPL is in a very different situation to SED. They have a £130m loan which the lender wants back but has extended the death sentence to 8th March. SED don't have any major lenders and none, so far as I can see, are shouting for their money back. SED still looks to be viable, however the mood music very much says otherwise.

This is like the day after a massive storm, all quiet but looking at the wreckage caused the day before and asking if a rebuild is possible.

Not news we all knew this yesterday, including the price.

Yep, but only 2000 shares so not worth getting excited about. The same purchase went through a couple of days ago. Doesn't make much sense.

agreed sono***un. been caught by conversions in the past, eventually its a death spiral.

Yes according to their 23 accounts, £29m net assets, a mix of tangible and intangible assets (and £7m cash), some of which must be IP and protected patents. Accounts and reality are not always closely related of course. 23/24 must have gone horribly wrong.

Not all bad, according to the latest Rule 8 notice, Philippe Lenoble sold 2m shares today at £0.50!!!!! They're quality these big investors.

Live price to sell, just over .5p. Looks to be moving up.

Going to have to be one hell of a bounce for IIs to recoup their losses. Some very strange transactions going on. With a few exceptions large shareholders are only selling pocket monies worth, even some are what appear to be buys. The flurry of Rule 8 notices hasn't been seen before-is this because of the situation the company has got itself into?

Agreed quote on ii, showing 0.585p to buy and 0.525p to sell. So near a 12% spread.

Looks and smells like a stitch up. Not a lot of debt in the company and a bit of revenue. No ones appears to be calling in a loan or going for a winding up.

This is complicated if it goes into admin. Assuming that the last accounts can be trusted!, the group has net assets circa £23m and debts circa £7m, however the debts seem to be mostly lease liabilities. It also made a small trading profit but a heaving great loss associated with administrative costs. The administrators would have a responsibility to debtors and to some extent shareholders. Technically there should be value left for the shareholders after the debtors have been settled but what the assets are worth in a fire sale or without a trading business is anyone's guess. I'm tempted to the view that those in with the greatest risk of this going bust and deep enough pockets will sort out a rescue but with the current board shown the door. As my original investment has now been reduced to the price of a coffee and big mac, I might as well see it out to the endgame.

Its not when the existing cash runs out that has changed its what isn't going to happen after the end of March. BoD now confirms that it isn't going to received any further receipts going forward, either from debtors or sale of its premises. The usual story, whilst the company has assets, according to its 23 accounts, its going to run out of cash to pay its bills. Potentially good product but badly managed. Receivers, if appointed, will have more scope to pursue debtors and realise assets. GLA, if you decide to stay in.

5085. Aim is always a gamble. I took a gamble on HE1 when they issued a negative RNS and it's paid off-lose some, win some. I agree re COPL but ENET might have a future. Got to have spare cash, patience and thick skin. Oh and if you can ignore the BBs

Closing 2.13p. Quite a lot better than 1.7!

2.20p looking to be just out of reach today. Close but no cigar or strawberry flavoured vape!