The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
Just because the SP is 3p now is of no relevance whatsoever to a Sale price, fact! The doomsayers try to say that any buyer could scoop up shares at this price. too right, of course they could. But what do you think that would do to the SP as they try to buy the 100's of millions to get any significant stake at all? Yes, the SP would rocket accordingly, possibly above any sale price!
So for what it is worth, and as most know, I am always positive towards the company and my large holding. My view of the Sale price is aligned to CS in that obviously some value has been wiped away de to Geopolitical problems now, and after the War. However, it is in nobodies interest to destroy the Russian Economy completely, severely damage their War machine, a big Yes! Part of peace negotiations will be to rebuild the Russian Economy of which PGM's play a massive part. The world still needs them and Western Companies will invest again. It is Big Business that makes the world go around. Or money in other words.........
How you feel about any Sale price will obviously depend on your buy in/average. I understand all points of view. For me even 10/12p represents a substantial profit. For others it would be a substantial loss leaving them very unhappy.
It is almost impossible to guess a Sale price, not knowing all factors e.g what else is in the ground/resources upgrade and War discount. Controversial 30p ish? Gives me a + 10 x return, which I deserve for years of reading wolfies posts alone lol! GLA genuine holders, imo a Sale is certain and I think an offer will be on the table by end of the year. Fire away knob heads ;-) Glory to Ukraine!
The indemnity is to protect the company in the event of identity or other fraud or of any other reason why the "shareholder" was not entitled to the replacement certificate e.g. they have sold or pledged the shares without using the normal markets.
A lesser case............
In consideration of the Company issuing at our request duplicate Share Certificate(s) for the aforesaid number of original shares held by deceased shareholder Mr./ Mrs./ Miss ______________________, _______________, I/we hereby agree to indemnify the Company against all the proceedings, claims, demands, expenses, ...
The cost increases where the shareholder is not resident in the UK and/or is a company or trust. Above £100,000 value the cost is likely to be between 1% and 1.5% of the value. In high value cases and for corporate or overseas shareholders the rate may well be higher.
It is for Queeld/MiSpare to PROVE they are entitled to a Share Certificate, not the company to PROVE they are not. They are the ones that have "lost" the certificate and as said above the Company has to protect the shareholders, of which the BOD is a major one, that nothing untoward has happened. THEN the cost will be taking into consideration of the Indemnity which by law must be provided to protect the company and shareholders. I should imagine that they "possibly" could prove it but will definitely be haggling over cost and indemnity.
Whatever, the Company has taken legal advice, and as someone said earlier will have insurance and that would bear our costs. Damages to Queel/MISpare even IF they Prove their case. You are having a laugh! A big one!
Yea I know I have been living rent free in your fantasy filled bonce for a long time now. Got to say some of them are more than a little weird yikes! Anyway buy lambsie got better things to do with my life unlike you. Time you changed that dirty string vest and Y fronts though, don't you think? byeeeeeee xx
Hear Hear! Wolfie babes, so stop posting it perhaps?
Some people will try anything on in court if they are deluded! Just because they bring a Case to Court doesn't mean they have a valid one! Will be heard and dismissed imo. They "lost" their share certificate, Boo Hoo! whose fault is that? What and Eurasia just meant to take your word for it are we? It is the company article rules and more importantly The Registrar's that they will have to provide Indemnity to get a new one. This costs money for them. In the matter of the amount they "allegedly" own, pretty big money that obviously they don't want to pay! Trying to intimidate BOD like bullies to get their way isn't going to work as they can already see. They are very silly in every sense!
Meanwhile BOD doing their job, quietly and diligently in the background while Mad man's War rages on..Our day WILL come.....Glory to Ukraine! GL all genuine holders....the lambsiewolfie and cronies do one!
Seems open and shut to me...................
Having taken legal advice, the Company believes the Directors will be in breach of the Company’s Articles if new share certificates are issued without an appropriate indemnity in place, which protects the interests of the Company, its Registrar, and its shareholders generally. As no such indemnity has been provided by the Claimants, new share certificates have not been issued.
Toffers, final post to you, I have copied and pasted many of your libellous posts RE the BOD and sent to the Company, and will continue to do so. You are trying to destroy value of the company that I am invested in and sorry, that is not acceptable and illegal. |You might wish to bear in mind that karma comes around and revenge is a dish best served very cold. At this time I believe the company has more exciting things going on that to deal with you. However...........
As for contacting the FCA in 2016, well any idiot can contact them..........I rest my case M'lord ;-)
Oh Toffers Toffers my amigo, strongly suggest you stay quiet about what you know literally nothing abouut, including court proceedings, and stop proving most of the board correct about your motives, aptitude and even common sense! You are rivalling muttondressedupasawolfie for the ludicrous nature of your continual posting!!!
See all genuine guys on here at next RNS which may actually be very long at all, glory to Ukraine
And one my might ask what it has to do with that well known agitator lambdressedasawolfie anyway? It has never held a single share here..........................fantasy merchant..............
Wolfie dearie and you are simply bad news, go back over to SOU you apparently got pretend shares there as well now loooool
Summit.......Toffers..........not much difference imo
Oh wolfie, that made my day, thanks..........you being a paragon of virtue, honesty and truth yourself of course loooool
Summit, oh wow! Toffers says so do they? gosh, shock, horror!!! I better sell all my shares now looooool
I would love you, or toffers, or anyone else to explain to me how Eurasia would have to pay any compensation even IF judgement went against them? But only after they have read what I have posted, as fact! Anyway finished playing silly games with you, byeeee
Well you know Summit you will have to wait for the RNS like the rest of us.........if,as seesm likely, judgement has been made then that should come within few days at most.
However, it seems many do not even understand what the court case is about...........Read and DIGEST the below before commenting?
The Company notes recent speculation regarding a claim brought against Eurasia by Queeld Investments Limited, a Cyprus registered company (“Queeld”) and Mispare Limited, a BVI registered company (“Mispare”) (together the “Claimants”). The case involves a dispute regarding the Claimants’ alleged loss of share certificates issued in respect of Eurasia securities. Having taken legal advice, the Company believes the Directors will be in breach of the Company’s Articles if new share certificates are issued without an appropriate indemnity in place, which protects the interests of the Company, its Registrar, and its shareholders generally. As no such indemnity has been provided by the Claimants, new share certificates have not been issued.
Now read this..........
The Registrar manages the register of certificates for the company or other entity that issued them. The rules of the company will probably allow it to issue a replacement certificate if it gets an indemnity. The indemnity is to protect the company in the event of identity or other fraud or of any other reason why the "shareholder" was not entitled to the replacement certificate e.g. they have sold or pledged the shares without using the normal markets.
AND NOW THIS...............
Above £100,000 value the cost is likely to be between 1% and 1.5% of the value. In high value cases and for corporate or overseas shareholders the rate may well be higher. Why does a counter-signature cost so much? The indemnity is an onerous document.
So...........it seems to me Queeld/MiSpare basically wanted new share certificates without coughing up for the Indemnity. Which as seen could be costly for THEM! So why would it be squeaky bum for Eurasia? That is IF you can follow all that lol
Why?
You might find this very interesting...............
https://caseboard.io/cases/93c560ea-abc6-4674-8185-d03ae22a0ef4
Parties & Representatives
Timeline 26
Judgments Filings Hearings
Filing
19 Sep 2023 Order by Master Order - Order sealed and dated 18-9-23 sent to D's sols by email
Judgment
15 Sep 2023 Judgment
Master McQuail.
Remotely via MS Teams.
Go on most boards on LSE and invariably you will here mentioned "skin in the game", or in most case the BOD's lack of it! With EUA the BOD, and major shareholders, are all very much aligned with us to get the best possible outcome, which includes themselves!!!
As for the Queeld/Mispare...........pretty stupid of them to "lose" share certificates? Explain that please? Anyway the fact they so desperate to get them back shows that they think they are worth having. Oh, I, and others have deep dived (insofar as you can) into these companies previously. Personally I am highly of the opinion they are Russian controlled. Imo opinion that can only help, not hinder, any sale. Everybody wants theor cut at the end of the day ;-)
Quick pop in to see the usual numpties (wolfie number 1!), idiots, naysayers, the thick, those that cannot read or understand English etc etc getting their sad jollies off in their pitiful lives...............The RNS for me was absolutely fine and what I expected. Great that several parties doing Due Diligence. Companies DO NOT go to the time and EXPENSE of carrying out DD over a period of months for a feckin laugh! Remembering also that the original party was still at the table ( as Christian told us) and had carried out DD. So I am pretty dam sure that one of these parties will come up with an acceptable offer. If, as seems likely, there is more than one then you do have a bidding war. Suck on that wolfie and cronies!
WK not being mined, well freakin great imo, saving cash to ride out whatever until the sale. Pretty smart! No matter what the idiots say we have plenty in the Bank (and concentrate) to ride out quite a while yet. Plus WK with it's further likely expansion is a nice tasty morsel to sweeten the big sale.
DFS is HUGELY attractive to a buyer, as may be the EPCF contract (even more so if as likely is a Chinese buyer). All wrapped in in a nice like parcel and bow tied for someone. Saves one hell of a lot of work and TIME for them.
So well done the BOD. Playing the waiting game very nicely thank you. No issues with sanctions, cash in bank, Billions in the ground with the stated aim of an assets sale which has attracted several "more" interested parties to add to the previous and are not doing DD for no reason. Especially as the world and his Aunt already knows what we have in the ground already with the prospects of much much more.......
GLA all real lth, nice to see a few still pop in. I am holding strong and won't sell a share as here as long as it takes to the inevitable conclusion which is the Assets sale. Glory to Ukraine!
|Partimer, yes that is what he alluded to. However, I would think most would surely realise that anyway? It is also not to say that the price will not bounce back up at end of the3 war and world shortage of what we have stored on or licences? Also what is the unknown is the value then and now? Besides the future? If it was £1.50 then and even 50p now would maybe complaining? Of course we will never know and all just guesses.
Wolife, my old amigo, still no life except blow up girlfriend (last heard punctured), years wasted here with your super passive aggressive posting style , why? Still think you are the deluded messiah saving us from ourselves? Saddest of the sad here and that is some accolade!!!
EpicOG, there is no "transcript", it is what the poster, out of goodness, has posted for people who couldn't be bothered to attend. It is what was said....