Member Info for sgee

what effect director buys can have over at TCG. Although 30% won't make much difference to most LTH's on here, it might be a start to better things. Take note Mr. Short. Put your hand in those deep pockets !!

Do you know 300 code is an MM. stock search for a fact. Is there a list of MM. codes somewhere ? Be interesting to know where your info. comes from.

the 150m shares that are required to call an EGM. are found the bod. will probably not agree to one. Therefore we would be looking at at least 3 months from now as a likely date. If the share price keeps dropping like it is (and there's no reason to think it won't ) the market capital could be around £1m. Basically worthless. I have come to accept that "the lunatics are running the asylum" and I don't think that will change. The question I keep asking my self is why hasn't someone made a bid. 173m. tons of coal just sitting there for the taking. KIBO. for instance. It would certainly put them in commanding position in the area. Why haven't the made an offer? I am sure that there are a lot of shenanigans going on with Short & Co. that are only privy to those in the know. Why haven't the bod. bought any shares at these prices? if I was a board member with confidence in the company I would fill my boots. I just don't see them being able to pay back this ridiculous loan and if they probably know they can't. come on Mr.Coetzee you could pay for EDL from the petty cash tin.

Let’s see how many are here who want an EGM. We tried this on google docs before and some twinkle deleted all the data. Adding my holding here - please also do the same by COPYING AND ADDING to this post NOT using another message or thread.

LG 6.5m
Potter25 3.6m
Stuiegee 2515897
JZD - 9.627M
Areyousure 4m
SG 2m

Procedure for shareholders calling an Extraordinary General
Meetings
According to Article 14 of the Company’s Charter and the Procedure
for Preparing and Holding a General Meeting of shareholders of FGC UES,
a shareholder or shareholders who own at least 10 percent of the
Company’s voting shares shall be entitled to demand calling an
Extraordinary General Meeting of shareholders (hereinafter referred to as
an EGM).
Calling an EGM as requested by shareholders owning at least 10
percent of the Company’s voting shares shall be carried out by the
Company’s Board of Directors. The Board of Directors shall either call or
refuse to call the EGM within 5 days from the date that the corresponding
request was lodged. If the Company’s Board of Directors fails to make any
decision during the above-mentioned period, the person(s) demanding that
an EGM be called shall be entitled to appeal to a court of law in order to
force the Company to hold an EGM. If the court decides in favor of holding
an EGM, the person or persons who made the initial request regarding the
EGM shall prepare and hold an EGM on their own.
If the Company’s Board of Directors decides to either call or refuse to
call an EGM during the above-mentioned 5-day period, the person(s) who
demanded that the EGM be called shall be notified of the relevant decision
within 3 days from the date it (the decision) is made.
If the Board of Directors decides in favor of holding an EGM, the EGM
must be held within 40 days from the time that the request was filed.
However, if the suggested agenda of the EGM includes an issue
related to electing members of the Company’s Board of Directors,
shareholders shall be notified of the EGM at least 70 days prior to the
relevant date.
The request to call an EGM shall specify issues that will be included in
the agenda of the EGM. The request shall also include a draft resolution
and suggestions on the format for the EGM. The request must also specify
the name (title) of the shareholder demanding that an EGM be called, as
well as the number and category (type) of shares owned by him/her.

Let’s see how many are here who want an EGM. We tried this on google docs before and some twinkle deleted all the data. Adding my holding here - please also do the same by copying and adding to this post NOT using another message or thread

LG 6.5m
Potter25 3.6m
SG 2.0m

yesterday 8 AM, every trade a buy showing as sell. Why not just bring the ask down. Make life a lot simpler !!

I'm fully behind any shareholder group action. This bod. has got to answer many questions. My 100% support

Unfortunately I can't get to the AGM. If any thing interesting is said can you mention it on this board. Thanks. SP. seems to have settled a bit at the moment. I don't think there will be to much upward movement until post Christmas updates. Most retail in the doldrums at the moment but HOTC certainly holding it's own.

to buy. Cheap as chips. I'll take the chips thanks

There has been a lot of chat about this subject lately. You cannot force someone to buy shares in a company. However what might be a more practical answer is to have the BOD's salaries directly linked to the share performance. For instance, if this system were implemented right now their salary should be £zero. Basically the better the SP. the more they earn. This could easily be put to a vote by shareholders and is a win win situation. If the board don't like the idea they can resign,' if they accept it then it must be good for the SP. Either way we suffering Pi's should get the benefit.

Is that the RNS. that says " pigs will fly " as well ?

Re. your last couple of posts. You are banging your head against a wall . These people obviously have no idea what they are talking about and certainly are playing a dangerous game trading shares (if indeed they are invested ). BTW. I read this BB. from time to time and appreciate your intelligent comments (usually in conversation with other astute people on here).

the Muppets that bought in at the last placing way back in April feel. They like everyone else have seen their investment decimated . They are carrying a 50% loss, surely they don't just sit back in their comfy chairs without picking up their phones and demanding a reason from the lame BOD. Or are they not bothered as it probably wasn't their money to begin with. So all the big investors, Rufus Short and the other idiots running this shambles , none of them have really got any skin in the game. Only us mugs. Yes share dealing is a big risk but you would think, the people running the company would be on our side, obviously not!!. Just put out some news , every body knows it won't be good, but put something out so we (your employers by the way) and the market can make a decision one way or the other . GET YOUR FINGERS OUT !!!

this week. Slowly slowly catchee monkey. I have noticed an early morning sale C. 9000 shares. seems the same time every morning. Although not a huge amount of shares, with the volumes that take place on HOTC. could be holding the price back slightly. Generally though, far more buys than sells, and the mm's don't seem shy about buying. Very positive signs . Only regret is not buying more @ 270's , but I trade very cautiously these days. GLA.

You are so right. Who in their right mind would buy with a spread like that, but perhaps the MM. doesn't want anybody to buy , that way they can keep their short going strong. There is a terrible problem with the management of this fiasco but also a wider problem with the market maker. There's nothing we mere mortals can do about it except complain to the FSA. and they couldn't give a to55. As you say "you couldn't make it up".

regarding TANESCO re submitting tenders. Probably EDL have not been invited back to the table. What a farce this company really is. I'm in till the bitter end though. No ones getting my shares at these prices. The only sellers are people with a very limited amount of cash and they need to invest elsewhere with EDL proceeds. Just chasing money!!
One sell and the poor babies lower the bid. Give them a rusk . Rant of the day over but this company does wind me up

Why don't they show the correct spread? Well they wouldn't be able to manipulate the price so much.

I can assure you I care an awful amount. However you can not beat the system. We all know they sail close to the wind but always come up smelling of roses. I just hope that when this debacle of a share collapses (which it surely must with everything going against it inc. the BOD, ) that they get caught holding a load of worthless paper. It would make losing a small fortune nearly worthwhile.

Sounds like a good plan, hope you can get in at these levels