Member Info for The.Italian

oh god!what have i been doing?

would agree with that C4.makes sense.

perfectly reasonable to raise the question of the non appearance of the melody viewer.on the face of it it looks disappointing but perhaps it may simply be the result of a change in strategy and emphasis.if melody have decided that the take up of higher end viewers is growing more rapidly than they expected (which seems likely in view of reports of increasing rates of sales and sell outs of certain models) they may have concluded that it is better to seek to preserve their image as a premium product more in keeping with their o2 tie in.just speculation of course and i do agree that a clarification announcement would have been desirable.

yes excellent news mel5.its published in the gaming context but obviously has very positive implications for the whole VR scene and clearly shows the direction of travel which is where the real story is imo.

you can now access the AGM notice on the companys website.very interesting.they are proposing to write off the share premium account to create distributable receives to overcome the dividend block.

very interesting post mel5.good find and very encouraging.makes the direction of future travel very clear imo!

thanks for the reply.actually my own preference for those potential final moments is to dance the hempen jig without the fire (clothed or unclothed is optional and a matter of choice) .not sure I'm any the wiser but i have enjoyed the imagery.a merry christmas to you also and let us hope for a happy new year.

not quite sure what point you are making.the s/p was 18p on Ist may 2018 which is when i sold my original holding.i now have a larger holding than then and fully expect it to get back to that level in the reasonably foreseeable future.not expecting it before christmas but probably by middle of next year.just my opinion of course and time will tell.

petebo very interesting and encouraging.clearly the marketing and publicity is gathering pace which is very good news.personally i think its a mistake to expect too much for the 16th.its just speculation and whilst it would be good to hear something there is really nothing to suggest anything is definitely going to happen.

nice one keith!. i hadn't thought of that .shades of "Dallas" perhaps?

bignose on a serious note i was genuinely surprised also the it seems the tax has still not been paid in full.i don't expect the aussie revenue have given regent an interest free holiday,so why haven't they used the available funds to pay it down in full? do they have another use for the funds other than the amorphous general purposes? impossible to know what is really going on.

don't worry everyone.i have now read the announcement 18 times and understand it perfectly.to help those who read the board and who may be slightly unclear as to one or two areas here is my brief summary.

we used to have quite a lot of shares in this venturex companyy.we have sold a few but have quite a lot left.the ones we have sold were sold at various times and at various prices.some of the prices were ok and some were not so good,but all the prices were approved by our independent directors who would certainly have told us off big time if we had done anything naughty.

the little bit of money we got from these sales may have been used to pay some of this aussie tax bill thingy or it may not.if it wasn't used for that then it will have been used for a very important thing know as general purposes,unless it was used for something else or not at all. general purposes may have included paying the salaries of those who sold the shares or it may not.

we may or may not sell some more of these shares things in the future and if we do we may or may not use the money we get to pay a bit more of this tax thing or we may used it for the important general purposes or for something else.

finally if you are worried that we are selling these share thingies,don't be . as the announcement tells you , we have lots of other very valuable imaginary things known as investments which we can sell if we need to to keep this whole thing going for a long time without actually having to make any money.

hope thats clear!

exactly bunco.completely agree.

agree.sounds very positive indeed.this statement which is almost hidden away(figuratively not literally) on page 78 of the notes to the consolidated financial statements is more detailed and specific than the statements in the wording of the RNS and the statements in the earlier parts of the accounts and may have escaped the attention of some investors.the reference to a smaller number of potential buyers to be taken forward to the final stages certainly suggests a significant degree of interest from several parties so perfectly possible that final stage will involve at least three parties.no certainty of course but very encouraging imo.

no i cannot find the details of the capital reduction either.the notice of the AGM doesn't appear to be on the website but i may just be looking in the wrong place.if anyone can find it could they post a link thanks.

thats very good news. hoping that the message is getting out there. we seem to get some form of publicity/promotion pretty much every day now.

top gun333 i don't think anyone is seriously suggesting gore would be buying in the open market .the speculation is simply over whether in some way the s/p can reach the level at which his options become worth taking up (looks like something in the region of 15p) before the 31st December which is the expiry date for the options to be exercised.

just done my own calculation.first apologies for error in yesterday's post re option the figure is of course £220m not $220m. big difference. i get exercise price to approximately 14.856p as follows.

value of shares acquired under option if exercised = £7.7m.therefore value of company immediately before exercise of option is £212.3m approx. no of issued shares before exercise of option is 1,429m. £212.3m divided by 1,429m = 14.856p. all a bit approximate of course but does look as though we are looking at something like say 15p which is perhaps a little more achievable than 17/18p but still unlikely imo.hope I'm wrong!

the broad terms of gore's option are set out in the RNS of 7th june. under it he can subscribe for $10m of shares at a price which, whilst not explicitly stated, would value the issued equity at $220m.the price has been variously estimated by posters as 15p or 17/18p.i do not know what the exact figure is but it is certainly much higher than 7.5p and the valuation method is not one based on premium to current s/p.the big question is not what the s/p would be but rather whether the s/p can get to a level at which he would exercise before 31st dec.not likely imo but perhaps the 16th Dec date has some significance here as previously speculated.time will tell.

well keith completely agree again.massively disappointing. i've reached the point now where i look at it this way. if I were not invested would I consider investing now? answer definitely not except perhaps as a very risky punt with punt money and probably not even then.but i am still invested and what remains now is I suppose punt money so I may as well leave in and see. also i do take a modicum of solace from the belief that at current M/C we don't need to achieve a huge amount of worldwide sales to justify a significantly higher M/C than now.if we could just start to achieve a small degree of traction re sales then we could see a significant reappraisal of s/p.its not looking likely and is probably just wishful thinking, but progress on the FDA front might just bring about a change in sentiment.gla