Member Info for Shack22

Some massive late trades today not sure if buys or sells though.

No real reason to drop except for people slicing or taking profits which is fine but will be plenty buying on rumour for at least the next 5-6 days before results are out, that’s when you could see all your profits wiped out. Until then no real reason for it to drop. Buy on rumour sell on (or before) news. News could go the other way and send it up to the 40-50p range people are talking about but you’d have to be brave not to take some profit before news just incase it’s bad.

Looks like a well timed entry although you missed the IP licence in your research list ;)

They both should be back around Thursdays price - 88E 1p and RMP 4p. Can’t expect us to match their rise as we didn’t get the drop.

Surely in a better position than on Thursday so should be close to 4p.

Why don’t we just say to GR pay yourself £30k pa until prem actually makes some money from any of the assets. I would happily buy some more shares if he and his staff would do this, it would show that he is actually confident in what he is doing. At the moment it doesn’t matter to him what happens he still gets paid.

Well that should pay GR’s 300k salary for a bit longer then. Why can’t he just pay himself next to nothing until we actually get some of the promised income. When he does that he can pay himself as much as he likes as far as I’m concerned but paying yourself mega money out of share placings on promises and not delivering is a bit off if you ask me.

I’m still wondering what George Roach does here along with a for ofthe other staffto justify their salaries. GR already earns £300k pa from PREM so I’d like to think he’s working there at least 12 hours a day and no doubt a few of the other directors are doing very little for their extortionate salaries. I almost fear this is yet another AIM lifestyle company. If the money that went in wasn’t Bigmj’s I’d be very concerned, but as it is I’m shure he’s all over them and they won’t be using his money for wages and getting on with the port as promised. Then again the money in the bank is going down so they best get on with it.

So they made a gross profit of £600k+ but after the likes of George Roach took their extortionate wages and expenses aaap again made a loss eating into money raised from placings. Hopefully the £1m raised will be used for the port but if it’s not sorted soon it will be going towards wages yet again and another placing will be needed. I’m surprised George Roach finds the time to do any work here as he’s getting paid £300k a year to run PREM so you’d like to think he’s working 12 hours a day there for that kind of money. Hope this comes good but it worries me when people are paying themselves so much money when the company isn’t making enough to pay them. Usually if you run a business you only pay yourself a percentage of the net profits which is small at first then you increase them as the business grows not taking out more than your making, unfortunately that doesn’t seem to happen with AIM companies.

Definitely not if there is another £100k plus buy.

Must have come on the same boat and be travelling in convoy with RMP rig.

James Mitchell buying again at under £9. He was still buying above £10 a few months back.

Just done a small £520ish top up at these prices.

All the directors/director wife buying around and above these prices says it all to me. Would be surprised if talks of a takeover by one of the big boys doesn’t surface in the next few years.

Bigmj haven’t you got enough of these already?! I like to think you know more than most here so I may try and average down if it stays around this price.

Yep the fellas thing got a bit much but calling you the crayons bloke tickled me.

Columbo to be fair he did say to sell at certain points but always said long term we would be taken out. He also called MARL getting taken out and said same would happen here.

I just found him interesting, have a couple of decent tips as well. Always read your posts bnc. I was in on the drop from 80p, got in around 13 and saw it drop to 3p when they did an issue to shareholders but I didn’t want to put any more in at that point after months of watching it drop, regret that now. Always liked that NM had his options at 14 and 28p though.

Anyone here hear anything from him? He called this ages ago. Wonder if he got back in here and made a few more £. Certainly knew his shares that fella.

He was great, if he’s still in here his pants will probably be round his neck the way he was going.