Member Info for Shark41

So I watched the stock box interview..George's body language suggested that Glencore are out. He touched his face as soon as they were mentioned and seemed awkward with his answers...reckon the Glencore deal has fall through.

However, apart from that, the rest of the interview sounded positive 🤞

Acker

We were right about the Friday RNS!

Realistically, if Prem is going to make it...likely 2-3 months. Need to give the new MD time to settle in and get stuck in to things. I hope they sort out the issues, truly.

I've previously stated this is a pyramid scheme...if nothing happens in next 3 months, I'd seriously get your money out.

Earliest RNS will be on Friday I reckon.

Thanks Raydaar...now it makes sense!

Hmmm...The corporate action states the share consolidation of 10:1 is due to AIM listing rules. However, there is no maximum limit of shares a company can have in issue for AIM. The only restriction is for the main market whereby 25% of shares have to be issued to the public (75% can privately owned at most). Am I missing something?

Depends how they spin it off and which exchange they IPO on but potentially investors could be given shares in Airtel Money or we could be paid a special dividend...or both.

I was really hoping this was the turning point for Prem but unfortunately after watching that interview I'm not convinced. He's lying...when he spoke about being at the plant and mostly in the rain, he touched his face (liars do that..its difficult to control)...still think this is con. Share price already dropping. Still say this is a pyramid scheme.

Reckon Lloyd's will be fine. They are taking caution with setting aside extra 700m provisions for motor-finance compensation. They paid back the redemption note early and they are doing a share buyback. I'm holding for mid to longterm 👍

@Martini

I respectfully beg to differ. There are a surprisingly high number of undervalued FTSE stocks that are about to pop over the next 18months...good things come to those who wait and all that....

Good luck to one and all whatever you decide to do next x

@Martini

There is no case for Prem. Literally no case whatsoever.

Those still in should just sell and put what remains into an undervalued FTSE 350 stock or S&P 500 etc. It's funny, alot of retail traders (me included previously) seem to always try to regain losses in the same stock they lost their money in...put it in something else.

@Ricky

Fair enough...not sure how bad the damage is but seriously don't put anymore money into Prem..unfortunately I think it's only going in one direction. I got out last year with a £5k loss. I put it in a safe FTSE bluechip and have already made my loss back (and then some)...its the safest and quickest way to recoup your losses. If Prem goes down anymore/bust you'll lose everything...if you're able to put your money in something else.

Hi Ricky,

Are you holding shares because you still have faith in them turning things around? Or averaging down when you can to finally exit at some stage soon?

Thanks Hasiba. You too 🙂

Just watched the stockbox interview. Glad I sold.

I sold my position. I'm out.

Good luck all 🤞🤞

So they need to raise $7,712,508 usd (not including Canmax debt).

This is approx £6,069,921.52 GBP

If they sell 15b shares at 0.06 that's £9,000,000 GBP. Tomorrow will likely see a mass sell off and then it will be very volatile between then and 23rd/24th December.

George will be lucky if he raises enough to cover current liabilities.

If you vote in favour shareholders will lose pre - emptive rights for 2 years and if you dont then the company goes bust...what a choice!

The fact that there is a separate equity swap in place now makes me think that's been set up as a hedge for whatever this bs is.

Unlike most I only have a tiny amount invested now...I think I might sell tomorrow but will see what happens with the price at opening.....

@duck

I actually agree with you about the scaremongering comment. If she'd gone to the police/FCA with her concerns without telling everyone then fair enough (if she has genuine concerns that can be backed up by evidence then she absolutely should raise them). However, shes told everyone and therefore (in my opinion) is just as bad as Snowking etc (on this occasion) for trying to influence whether they hold of sell their position in Prem.

Martini, interesting.

Anything that stops Snowking et al from misleading/ unduly influencing investors on here (and on telegram group) can only be a good thing.

Keep us posted 👍

@Martini

Obviously do whatever you feel is most appropriate (absolutely agree that Prem needs to be held accountable in terms of their conduct. They have to operate within in the law).

Personally, I dont think their investigation will throw anything up in respect of this. Equity swaps are very common. I look forward to seeing the outcome.

@Martini

Firstly nice to see you back on here.

Secondly, an equity swap isnt a loan. It's a financial arrangement between 2 parties to do with cash flows.