Member Info for SecretBlueprint

There will be no cash payment. you will end up with worthless Canadian shares which you cannot sell in a stock market. Perhaps in 5 years you might get your money back, or not, via a takeover.

No comment on today's RNS? Settling debts by issuing shares rather than paying cash just moves the debt from the company to its shareholders through dilution and a lower SP. At least it moves Mark Ward away from being one share short of becoming a PSC, so presumably he will buy up the slack to restore his stake. I think his game is strategic to become a PSC, exert control and take the company private and delist, because that would likely improve any takeover price with the absence of a market reference share price.

I have no doubt this post will be deleted by the Gruppen Fuhrer.

Nothing wrong with "prime mortgage", it was the sub- prime mortgages that did it in 2008. Flogging mortgages to poor folk with no hope of paying, offering pay breaks so that the collateral property could be sold at a profit in a rising market, after they defaulted. Criminal.

Why?
Because the headline profit of £3,178,578 came from a non cash revaluation, rather than cash from operations.
“The profit for the year mainly resulted from the bargain price paid on AILAC, which was acquired for less than its net assets. This gain was partially offset as a result of on-going administrative expenses to provide service to clients and the costs of a standard listing, as well as accounting charges for employee share options. The Group is at, or close to, break-even on an operating profit basis going into 2023.”
So the operating profit in 2022 was next to nil, or not even that.
Better than a big loss, but it didn’t set the market alight.
Next year Rodders, eh?

In short, nothing is going on, but to explain why would be a story longer than a Tolstoy epic. The company is bust and the shares are worthless. Voting at the AGM is like turkeys voting for Xmas

Apparently, the delinquent accounts have now been submitted, stating that company assets are £1.
£1 , I lie to ye not! One effing pound.

if you enjoy the 2010 state pension in full, plus lifelong SERPS, plus recent additional state pension, plus graduated contributions, you could be on £17k, trust me, and that is taxable.

Not sure about that. Frank Jackson and Andrew Dennan are still on board, syphoning cash

Facts are banned , but fiction and fantasy are OK, and you wonder why the share price languishes in the armpits of Heid.

No longer investable thanks to the narcissist gender assigned robot from Glasgow

Drillex = Drilling expense. It's not a drilling company name

When you hold a share in a UK limited company, you don’t hold a share of the company or its assets; you hold a share of the members voting rights in the company, together with a right to share in any capital distribution, such as a dividend. You also have an obligation to forfeit the money you paid for the share in any insolvency proceedings.

There is no logical connection between asset value and share price. The share price is driven by emotion and hysteria, but the asset value is simple arithmetic.

That is why we are unlikely to see 62p again in the near future.

The strange thing is that Gary Smith was somehow an expert in gas to wire from Petrofac in MFD days, allegedly, and when that fell on its asss, he was suddenly a security and maritime expert.

I think he has lost his shirt here as well as his identity. Minty will be laughing up his asss every Sunday before church prayers in Wlmslow.

Failure to recognise your faults means you have little self awareness or ability to learn from mistakes. You are a nutcase. QED

When unbridled narcissism and black lace knickers and her bum are a tribute jack off twitter account to the chairman of a listed company, you can only conclude that the perpetrator is clinically insane. Why DB does not take action is a fail.

As long as this nutcase is allowed, no one will make any profit from investing here.

I have been an avid follower of Falkland fashion since 2010 under my old ii handle of Videodawn. It all sounded so romantic after the South Atlantic task force success and the Ocean Guardian, which I worked on during its construction at Port Glasgow. Like many, I made some decent returns from the Sea Lion appraisal but sold my holdings after the PMO farmout, because I could not see how they would afford it at that time. And anyway BHLCH texted “sell” LOL.

Back in with the Eirik Raude and I made something from the Isobel/Elaine results, too.

I bought the recent open offer and the warrants, but I made a mistake transferring cash to my ii trading account just before the ICSID result, by putting an unintentional extra zero on the amount. I was so sure of the date of the award and its success that I let it run as a RKH trade on the ask price. I was disappointed on the morning of 24 Aug that I may have badly goofed.

I went for a hot bath at 11.30 as consolation, but as I was towelling, I noticed the RNS appear, and my trading account showed something like 150% gain. I tried to sell the lot at 21p, but ended up getting 17p. It was my best trade for donkeys years, so I have thank RKH for that.

If I am still alive when Sea Lion comes into production, it will be a small miracle. The years are going by faster and faster. So I won’t speculate money on this stock any longer, but it has been one of the loves of my life.

Enjoy yourselves and I hope it comes good in the end.

Incorporated 05 Oct 2004

If you look on the London Stock Exchange, it was reported as an off book, protected portfolio transaction. So someone sold to someone else at 30p as a large matched bargain of shares without disclosure of the shareholders ID. No doubt part of the shake up.

It was not done through the market, but just reported to LSE by the Company brokers, because the shares are still listed even if suspended.

Best thing to do is ask for JHI certificated shares, put them in an envelope, give them to your grandchildren as birthday presents to open in 2030.

They will either become wealthy or suddenly realise that Grandpa was a joker after all.

Garbled
Honest Q. Why buy shares in a company that is bust, intends to delist? You are literally pi55ing your wealth down the drain

"the Board intends to seek cancellation of the Company's securities from admission to trading on AIM "

Garbled, sell while you can, otherwise you will end up with a piece of Canadian paper to frame and hang over the mantlepiece.