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Marbur was removed because of his personal abusive posts, not because of what he said about NUOG or Guardian, as well you know. Your educated de-ramping and subtle snipping about the company, and its situation, are already well known to those on here, although it's actual purpose remains unclear. When the company re-lists we will see what you post then to assess this purpose.
I have given no source as to where they may have heard the rumour that they might be looked in; more then likely it was just market gossip, and even then, they may not have heard it at at all, just came to the conclusion all by their sweet themselves.hence my "perhaps and ?" Also there is nothing inherently wrong with selling stock that a friend also sold, there is no basis for your insinuations that someone inside NUOG tipped them of off. If that had been the case then Gary Smith, the CEO who remains a big holder of NUOG with far more shares then the CORO and ECHO former colleagues of the board had, would have also sold? Your previous comment that "Gary Smith missed the Memo to sell" on the ADVFN board is frankly laughable. As for your personal derogatory comments about me they have been reported to the LSE and I feel a ban coming on soon. Good bye Marbur (Again).
To put the issue of the traders who bought and sold to bed, some former colleagues of the board from SOUND AND CORO bought some stock, and perhaps upon learning that their money might be locked in for some time,? decided to sell their stock. That is purely a commercial decision for them, its a free country. Now it maybe that they were wise or it maybe that the decision was misguided, we don't know yet. Either way, its possible that they participated in the emergency rights issue at 0.002p SO they may be shareholders again? As for Coro and Sound those were oil exploration plays and on AIM so there are clearly risks which do not seem to be present at GUARDIAN MARITIME. Anyone buying into those types of companies takes a lot of risk and with risk comes potential reward and potential loss. So the shareholders cant really say to much unless moaning is a past time. It evidently is for some on this BB, I bet the Directors are already sick of it.
A small price to pay for avoiding the rachet like financing that most nomads specialise in on AIM. You need money, they issue a big rights issue which they flog to their clients at deep discounts and then promptly dump, collapsing the shares until the next financing. Aim is a disaster and no one wants part of it, not even NUOG.
I hate to say it but NUOG/GUARDIAN MARITIME are no longer in AIM. A main listing is pending, which if approved, could see a massive re-rate in the stock. The ability of companies to raise funds on the MAIN market much greater then on AIM and indeed many institutions are barred from investing in the latter. There is no need for a NOMAD which means deeply discounted rights issues wont occur in the normal course of events. Transparency is also much greater and what the boards can get away with, far reduced. I look forward to the situation developing and then hopefully we will not have to put up with certain posters casting aspersions and insinuating that the new company is tarred with the same brush as the old. Honestly I have heard of the "sins of the fathers" but this is absurd; as far as I am aware none of the new board are related in any way to the former management team.
To clarify regarding the issue of multiples if NUOG came back without going up multiples it will be the first RTO in which I have been involved that did not do at X 5 on opening. That being said there is always a first time for everything. The board and the investment banks may seek to punish recalcitrant shareholders for constantly slandering them, who knows? Consolidation is inevitable but somewhat irrelevant if one ends up the with the same percentage of the company. Dilution on the otherhand was always likely but its all a question of degree. I estimated or anticipated 2-3 billion extra shares on listing making 6-7 billion in total but we will see. All this is speculation and shareholders are doing themselves no favors by getting the board's back up. Talking about 'getting shareholders with them rather then against them' is nonsense in a non-listed company, in which ordinary shareholders wont even end up with the majority of the stock.
'Estimation' and 'anticipation' is a long way from saying something is going to happen in October ; a Universe away. Might happen, but might never happen. Then certain idiots in this BB will be able to say they told everyone that it was doomed and they can be thus right but broke. Its obvious by their constant discord that they feel their loss very deeply even though ****ging off a company in which one is invested makes no sense at all. In the end it may come back but the price could be not multiples but more or less unchanged once dilution is taken into consideration? So we will have achieved nothing. Lets wait and see.
They never said October, that is my estimation as its after the summer recess which is September and after the kids go back to Uni, end of September. I anticipate October, that is it. Cattleman is saying that he was "told October" but I am not sure where he got this information from? Apparently, he managed to get hold of someone at Nuog HQ or spoke to someone Via Email?
Share flotations are notorious for slippage and the vague projection of the 2nd quarter was always going to be tested especially when it coincided with the summer lull. October is also not cast in stone and the whole thing depends on the regulatory bodies, backers, and overall market in order to succeed. That being said, I am still cautiously optimistic that we will know more in October.
I agree Cattleman and all this constant bleating on the bb by desperate punters trying to extract their few hundred or thousand pounds wont make any difference to this immutable fact. Nothing happens over the summer in the city, and volumes and markets are very quiet. The lads here must be really feeling the pinch if their spending money depends on a bob from Nuog.
I think the most likely time for any news will be October. Very few deals are completed in the summer recess and most people in the city go away and leave it to a few clerks to manage whilst they soak it up in Cannes etc. Chin up people and dont let the doom and gloom merchants get you down.
Believe that when I see it, but it would be quite nice for short termers. For me I am waiting for better days, remembering of course, that this once floated at 2.45 GBP. Never get to that of course, too much dilution now, but a few pence in a few years time is doable maybe
From the below the relocation appears administrative rather then significant, although the question could be asked why bother to do it at all, if this is going to de-list completely in a few weeks or months time?
We can all see that this is taking too long, we dont need you to remind us of that. I never said multi-pence, possibly 0.40-50p although some talked about 1p plus. That being said, if the board can get this going these prices are not beyond the realms of possibility if the company ever refloats and achieves a niche in the area of Maritime security. It would be a pity if some last minute technical hurdles put the kybosh on the flotation but that is life.
It could also be that a lot of the reason for the emergency issue of 200000k worth at 0002p was to get these institutions out of the hole they were in as a price to allow the transaction to proceed and let them migrate to the MAIN market. Who knows?
Not necessarily a lot thought this was finished and wasnt coming back in which case there was no need to buy back except in the grey market for 000000001p or something like that. It often happens in these types of stocks where the boys in dark glasses, in this case NOVUM or STRAND HANDSON?, knew it was dead and buried, only they MAY have gotten that wrong? Who knows
As I said Marbur will give no one information as to why he has this bee in his bonnet about Nuog/Now Guardian Maritime security. The only thing to do is wait for the relist and then see what he posts, if he posts stuff which is libelous or slanderous to the new entity I am sure that their legal team will be dealing with him, if he changes his tune, then ok no harm done. At present its an unlisted company which has not yet had an RTO so its fair game I guess.