Member Info for Scotty277

Cheers I think I enjoy the misery. I just looked at the RNS time and it's classic Nick Lee released at 17:20, because a lot of people look in around that time for RNS's

How'd I miss the RNS, I look in here religiously for something to jumpstart us

How'd I miss that? Chancing shower of £&?!'s. Oh well

Are they not legally bound to have one?

Time to go Nick you've overseen enough misery, and you don't seem to give a flying fudge about it

Probably not, in fact it's guaranteed he won't. Probably recovering from his night out covered by his salary from here, at least he's doing something with our money

Probably not, in fact it's guaranteed he won't. Probably recovering from his night out covered by his salary from here, at least he's doing something with our money

Well done on overseeing as trade at such a ridiculously low price. Sort it out you money grabbing ----. Unacceptable and you do have the means to fix it.

I thought I'd missed the announcement as it's over a year since the last one, I did however find this snippet from the last RNS, Nick must have had a few tipples when he penned this nonsense "Communications with shareholders are given a high priority. In addition to the publication of an annual report and an interim report, there is regular dialogue with shareholders and analysts. The Annual General Meeting is viewed as a forum for communicating with shareholders, particularly private investors. Shareholders may question the Chairman and other members of the Board at the Annual General Meeting."

Sadly Roy he has got away with this lackadaisical attitude for so long he's actually lackadaisical about his lackadaisicalness. He is accountable to his share holders and whilst we might be sitting in a great position, the current delays at Glenwick, the continued delisting of New/Big Sofa, the suspension possible removal from trading of Alecto and the money wasted years ago at Bison all news addressed.

Plus yesterday's news surely warrants an RNS from us ?

Roy, this is from April 2016 "On 24 November 2015, Paternoster announced the purchase of US$495,365 (£325,000) of CULS in Alecto in exchange for the issue of 100,000,000 new ordinary shares in Paternoster. Paternoster has now converted all of its holding of CULS into 433,501,250 new ordinary shares in Alecto at a price of 0.08 pence per share. As a result, Paternoster now has a 12.1% shareholding in Alecto which, based on the current Alecto share price of 0.11 pence per share, values Paternoster's shareholding at around £476,900."

Something is fundamentally wrong. All your promises are massively off and there has been no "excitement" and certainly no "share holder value". Amanda like Matt has really provided us with nothing and out new shareholder GAEA or whatever the initials have provided zilch either. The news flow is pathetic and perhaps it's time for Nick to step down and put someone in place who can provide us poor guys with a decent return on our investment, Nicks lining his own pockets while fleecing the rest of us with his "jam tomorrow" style attitude. This is from an RNS last November, obviously with the intention to appease the masses " Given the strong growth of the Company's underlying portfolio and good levels of liquidity which is continuing into Q4 of 2016, the Company is currently considering implementing a capital reduction in order to create distributable reserves. This would give the Company both the option to provide a distribution to shareholders and also to acquire its own shares, both of which should provide an increased real return to shareholders and allow flexibility with regard to capital structure going forward. A capital reduction would require shareholder approval and the Company will provide a further update on this in due course." Nothing has happened, we have never heard of it again. Perhaps a motion of "no confidence" in Mr Lee should be put into the next AGM? I know which way I'd be voting.

Cmon Nick where is the shareholder value here .15 is a monumental P take, and it's all on your head

PRS aren't investing a few quid in it? Or are they happy with there indirect exposure? We have money to burn apparently

Massively undervalued. Bad PR. Cmon Nick deliver on your promises

What's happened to them? It's not like there is much to put in them as Nick has done nothing really for the last year. The AGM hasn't been declared yet, when's that gonna happen? The only thing this share guarantees of late is disappointment.

Everything is happening at its normal glacial pace. Just think all those years ago I had so chances to invest elsewhere and I chose here. The point of no return has passed so it's a case of hang on in there.

All out ducks are lined up but nothing. Cmon Nick, cmon Amanda, what's our new hands on investor up to?

And as always Nicks main focus is on the negative. The decline of Plutus. Oh well, the journey continues. End of year results next and an AGM, then Nick can have the summer off. I'm sure if he's saved his pay packets wisely him and Amanda (not mentioned at any point) can have a nice few afternoons at Wimbledon soaking up the sun and sipping Pimms whilst coming up with more ideas on how to extend his lifestyle vehicles existence. Or am I being too cynical?