Member Info for SmartPunter

>>Are you kidding me….. So if you miss a payment on your mortgage, you think the bank then owns your property??? Or finance on your car, miss a payment and what they then take the car of your straight away????
Of course it will need sorting but they don’t just take away your property the day after you default on a payment!

This is not a regulated loan.

Its a secured commercial loan.

Break the terms (not just late payment - ANYTHING can be added to protect the lender), even once, and yes, they can take the asset and sell to recover the debt (plus 45% compound penalty interest and ALL fees)

I worked in a company where this happened hundreds of times, BAU.

Regulated loans, like your car or House mortgage are COMPLETLY different, because you are fluffy, protected innocent retail lamb.

>>he's currently having a hard time with his RMM investment as well so he's on here to deflect & try make himself feel a bit better....

Atlantic Lithium has more than made up for it, from 32-48p in a few weeks

>>RMM is currently valued at £9 million but owns land containing £1 billion of copper and gold.
At this point RMM no longer own the land, the lender does.

synairgen?
That was a share that I called 100% right. Sold up on a 90% profit. Now the remaining shareholder's are down 80% after multiple test failures and a string of lies from management.
RMM is one I didn't call right, lost 8k after management lied about the state of the company (hitting production targets, billions of resources in the ground....Blah blah), defaulted on their loans and are facing administration. Sold up a few weeks before share suspension . Im 80% down on that "investment ".
I've avoided CINE. 300 to 2p to 6p. +165% yesterday. Still bankrupt.

Lenders don't give care, as long as selling the assets will cover the loan plus interest and fees.

After what happened with several battery recalls I cannot see any car manufacturer gambling their entire future with an unproven manufacturer like BV, unsurprisingly nobody will bung them £3bn to try. This company was setup by a management consultancy.. ffs.

https://news.sky.com/story/britishvolt-on-the-brink-as-100m-of-government-funding-yet-to-materialise-source-12735018

Contrast with the claim that the UK gov should have handed over the money.

Do you think the Gov will bail them out?

https://www.bbc.co.uk/news/business-63457813

>>Which was exactly when you and Dumbo got booted off the Rare Earth Investor Site.
What are you talking about, I've never been booted off any forum in my life.
Senility? More like dim.

Who are you trying to convince? The share is suspended.

>>Im currently selling a company (with 2 bidders) that has never made a profit and only ever made $500k of sales, that all employees have been laid off, the cash balance is zero and other assets are very small, that the landlord has kicked them out and the CEO is working FOC to assist the deal for more money that many here suggest Rambler could get!

So many clueless people on these BBs is unbelievable

RMM has a lender that expects payment on Monday, failure to do that allows them to ask a judge to appoint an administrator.

Unless a white knight appears, everything else is irrelevant.

Having worked at a commercial lender that put many companies into bankruptcy, I'd say that working with a company to pull it through would not involve suspending the shares they day before payment is due.
The only concern of the lender is how much of the loan (and all costs such as lost interest, penalty fees, professional fees) can be recovered by selling the asset, if it decides on that route. Survival of the company and shareholders is not a consideration at all.

>>If you have a £40k mortgage on your house that’s worth £2M and you broke your leg and couldn’t work for 6 mths, would you let the bank take your home and give you £1.5M back??

If you have mortgage, then its not your house. Its the bank'd if you fail to keep to the terms and conditions of the loan (not just pay the interest, anything the lender may see fit to add).

The normal course is they take the house and sell it, to pay their debt, if their is anything left you get the cash.

It never ceases to amaze me that supposed sophisticated investors/businessmen don't comprehend how commercial lending functions - its not like regulated lending where you are protected.. The judge has to explain the realities.

Fund raise is over a year away, how it is structured is anyone's guess at the moment. My come from a government, like the Australian RE plant.

The debtors will take over the company assets and the shareholders get squat.

So yeah, takeover... whooooo..

Buetigeruk has summarised it quite well.
If current shareholders get 5% of the current shsre price they will be lucky.
More likely the debt holders will take the asset and RMM ceases to exist.
****ed that I sank 7k into this two week's before that RNS and after that super positive, lying, RNS in July.

"In fact Peak did not even have possession of the Tee-side site when the Permit was issued, any Permit they were issued would therefore have been 'Theoretical'."

Utter ****ing bolocks

>>Putins religious conviction point to his belief in his God gifted position
The Russian Church is full of FSB agents.

Ukraine/nato/the West are Nazis and satanists has been Kremlin propaganda for a decade.
This isn't the odd nutcase in Russia, a good proportion of the population believe it.
This is why the West is supporting Russia so seriously. Russia is extremely dangerous.

>>I'm sure I can find others. Simple google search.
Fair point.
That's the Chairman of Rainbow Rare, btw, he's well known in Africa.