Member Info for Ssccss

Spod, do you understand accounting?

The actual value of the US assets could not be ascertained as too hard to work out right now. So they just wrote them down. I. E, they removed the 7m allocated to those assets from the balance sheet. Therefore, the company is now worth 7m less. Therefore it is now a shell, as delta is stating. However, those assets could still be worth 7m if the licences are reinstated.

Lol.. And you think I haven't. I was actually trying to help you understand but you've given up.

SL will find the time and money when he owns 50% of them.

Read the accounts.

Yes there are debts related to them but there was also value.. The issue is they impaired that value because it was too complicated/time consuming to figure out the true picture. Plus it suits them to write them down and do the rto. Look at the accounts. Plus the auditor hasn't actually signed off on any of this despite SL stating they had to do the impairment to get the auditor to sign off.... Does NOT add up at all.

Did you hear what they said yesterday about the us assets... That with time and money, the licences could be reinstated??? Listen again to it. Carefully listen for anything related to the us assets. For example, the new guy seemed quite positive about them.

The write down/impairment is temporary. It cleans up the balance sheet and allows the RTO to happen. But once the rto has happened, those licenses could well be reinstated and I'd much rather be invested in US as I originally thought I was than in Ukraine.

Why would he let it fold? He has spent a long time trying to prevent that.

Spod are you listening. He will have 50% of the assets!!!! the valuable part of ppp. He will have that before the RTO and dilution.... So no he won't be affected the same as us! We are certainly not in it together.

That's exactly what it is, unfortunately. He's playing us to get us to do what he wants so he gains and we lose. End of.

A no vote forces him to take notice and work with us rather than trying to rip us off.

He will own 50% of nobel US, our only assets before the RTO, so no he won't get diluted there. Plus I'm sure he will be getting something from rmd.

Unfortunately Stu, it won't get you much back at all but your choice of course.

Yes I understand Tom is at fault. However, ask yourself why is SL doing all this for free? He stands to inherit shares and he wants 50% of nobel US. Why? Come on, please don't tell me you belief he is our shining knight just because he has a heart of gold. Nonsense.

How has he got out of it so far???? we aren't seeing the whole picture. Ppp has something of value, even if they have written it down. He will find another way. Otherwise, he loses a lot.

He needs ppp to trade again more than anyone here... He has plenty of experience. I'm sure he can come up with a sweetener for existing shareholders so we don't lose so much through the RTO... it's not acceptable to destroy our holdings.

To me... What happens is SL has another stab at it... He needs ppp to to trade again. He wants the us assets. He wants his shares.

Lots of green boxes. Very peaceful. Wish I had done it months ago.

Spod we all know that but we didn't realise that was the case with ppp otherwise how the hell are we all stuck here? You included.

I don't have a plan. I'm merely not accepting the current one. SL is very good at coming up with plans. He needs ppp to trade again, so let him come up with another plan that isn't devastating for existing shareholders.

Delta, I remember you were the first person to post on here before the suspension to tell us that it was going to happen because the accounts hadn't been submitted. Surprising that people still aren't listening to you. Oh well, what can you do.

Spod, I think it's wishful thinking on your part.