Member Info for shamI89

On the flip side if it is another loss-making quarter than company can be in serious problem.Market is not convinced that an offer will be made and in that case equity is worthless.

Is a good chance that next quarter could be another loss-making quarter which can deplete cash reserves even further.Lenders hold all of cards here unfortunately and why would they pay shareholders anything when they can put it into administrations.

What if they fail to hit commerical production as this company has always been a quarter away.It is a gamble where investors can lose everything as 2.677 is not guranteed.

Fortune trird to run when he was not even reasy to walk and rest is history.But I do think that someone has got these assets really really cheap.

Key words you are looking for are convertible notes and "lombard odier" it does not tend to bode well for shareholders.

Very bumpy ride, someone has made a hell alot of money at private investor's expense.

CFO leaving is never a good sign.Lets see how market respond.

I have followed it for 10 years and it used to be called obtala resources with some really good assets,needless to say company disposed them one by one

Market reaction was brutal yesterday and there was a possible seller in background too.Some sort of correction was expected today, it can close at mid 60s or early 70s today nobody knows and there are far too many day traders.

And it looks like market is not convinced that a firm offer will be made otherwise shareprice would not have fallen below 2.70.

They have 70% votes so chances of this being voted down are very slim and alternatively they can call in debt and put this into administration and that would leave shareholders with nothing.I am surprised they have not gone down second route.Problem is everyone who decided to stay invested after last couple of RNS was effectively taking a gamble as it looked like some sort of restructuring was going to take place.I thought it wouod be heavily discounted placing but lenders are not here for Charity buisness I guess.

Danny boy did not want to leave until job is finished.Someone is going to make a lot of money at the expense of shareholders.

They either accept £2.70 or lose the lot.

Remember a poster on advn posting that during carrying out his dye diligence he came across a contact in Dubai who advised him to stay well clear off this company as it is being run by "crooks,.Danny boy has done what he was expected to do.

It looks like an institutional seller is selling and that can be boohoo as they need to shore up their finaces.

I guess a lot of liquidity has been provided by day traders who have bought in today.It will dry up eventually and there will be a constant drag on share price.As far as buisness is concerned Aim is full of them companies which had impressive technologies, great products but still went down.

Why not wait for seller to finish, as it is hard to see any "bottom" when someone is dumping these shares.

It looks like private investors and traders are being trapped here,someone is using liquidity to dump these shares.In these sort of circumstances market never lies.

It looks like someone wants out at any cost.CEO departure is never a good sign on aim!

By usual "suspects" to get out.Private holders stand no chances of making any money as once institutional seller is done selling we will have an inevitable placing.