Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
Go to the darwin bucket shop and you get totally rinsed. I should have checked before I bought; I never ever learn. Arghhhh!
Receiving you loud and clear
Katie, Is there a meeting next week? I haven't received an e mail although I am/was on the distribution list. I have sent my proof of shares ownership but not been acknowledged. Regards
something must happen soon!
A 46.67% spread isn't helpful
Sorry but I do not understand your question. These lenders tend to sell short and then exercise the options to cover the shortbthuscremoving any risk and in doing so their holdings never breach the trigger levels. I'm relatively new to all this so probably talking out of my arfe
Lots of cheap options (0.1 and 0.025p) still to convert yet so there is going to be a seller of this stock for some time yet. We need Ivan to start delivering
Thanks for clearing that up Broker11; I'm sure you are right
Americo have assets of $6billion! 20% of that is $1.2billlion. Why is it not on the INC balance sheet? http://www.americo.com/Who%20We%20Are/Pages/Financials.aspx
Thanks for the link, great to know that I can offset this loss against income rather than other gains 'cos I haven't made any capital gains so far this year (or last for that matter)! Every cloud has a silver lining!
Looking forward to meeting all you guys working behind the scenes. Thank you.
Why? this share is being offered at 0.05p in Feb (open offer, not a rights issue) isn't it? or did I misread the RNS?
£2M divided across 4.8 Billion shares...that's about 0.04p per share me thinks. Need a new abacus!
Doorway you are missing the point. Class action has absolutely nothing to do with realising the residual value in BHR: this action is more to do with individuals suing individuals for misrepresentation, malfeance, misfeance or whatever. The key here it is individual(s) against individual(s). So if enough individuals want to bring a claim against individual(s) and the grounds are the same then they can roll it up into a class action. Costs are shared amongst those bringing tha action as are the proceeds, if any. Go back and think it through. Mr x buys 10m shares at. .03p the day before the gm , he spent £3k on a punt and then sits back, doesnt contribute to the class action but expects to benefit whilst others take the financial risk. Sorry but get real. Anyway i temain to be convinced that there is any merit in pursuing such an action anyway; JFJ and RK are as individuals outside UK jurisdiction, I believe.
First I think we need to separate the possible class action from the moves being taken to get some value back from the assets through the administrators. The latter, if successful, will always be divided on a per share basis if any asset value is realised. As for the class action, that surely has to depend purely on contribution made to pursuing the action. If you want to take the risk, then your return should be in relation to your risk. However, if lawyers do taken on a no win no fee basis, then I can see merit in both arguments ie number of shares vs amount paid for total holding. In reality, I believe there will be a cost to any class action and people willing to risk money should be the beneficiaries in proportionate measure to their financial commitment; I am sorry but I cannot see any other way of people volunteering to finance such action. That aside, has it been considered that our friends JFJ and RK are not (to my knowledge) UK citizens nor UK residents. Therefore if civil court action is taken against them, how is that going to work out in a UK court? They may not attend to defend any action and if the court rules in their absence how is any judgement going to be applied outside UK? I have severe reservations about pursuing the individual directors for damages (whether through a class action or otherwise). Please feel free to shoot me down if I am misreading the situation.
Sales v Buys = 3:1 .......so why did SP go up? MMs know something we don't???
Any contact from the II's ? I assume they have just written this off...?
So what have JFJ and RK been doing since the New Year? Maybe, just maybe, putting together a deal?? In my dreams.
Thanks Red you are absolutely right and no criticism was intended. I just do not think they would have suspended the share at the time they did if they were not aware to the likelihood of losing the vote. It makes no difference now but I just find it interesting that they did choose to suspend trading before this meeting when they hadn't for previous votes
See this story from Canada. I am in no way suggesting that anything like this is happening here. It just happens to be a mining story and just shows the extremes some people will go to: Bre-X was a group of companies in Canada. A major part of the group, Bre-X Minerals Ltd. based in Calgary, was involved in a major gold mining scandal when it reported it was sitting on an enormous gold deposit at Busang, Indonesia (on Borneo). Bre-X bought the Busang site in March 1993 and in October 1995 announced significant amounts of gold had been discovered, sending its stock price soaring. Originally a penny stock, its stock price reached a peak at CAD $286.50 (split adjusted) in May 1996 on the Toronto Stock Exchange (TSE), with a total capitalization of over CAD $6 billion. Bre-X Minerals collapsed in 1997 after the gold samples were found to be a fraud. Busang's gold resource was estimated by Bre-X's independent consulting company, Kilborn Engineering (a division of SNC-Lavalin of Montreal), to be approximately 70,000,000 troy ounces (2,400 short tons; 2,200 t). Reports of resource estimates of up to 200,000,000 troy ounces (6,900 short tons; 6,200 t) were never made by Bre-X though the property was described as having this potential by John Felderhof, Bre-X's Vice-President for Exploration, in an interview with Richard Behar of Fortune Magazine. Bre-X's gold resource at Busang was a massive fraud. Encouraging gold values were intersected in many drill-holes and the project received a positive technical assessment by Kilborn. Crushed core samples had been falsified by salting with gold that has a wide variety of characteristics that had been subjected to mineralogical examination by Bre-X's consultants. The salting of crushed core samples with placer or supergene gold constitutes the most elaborate fraud in the history of mining. In 1997, Bre-X collapsed and its shares became worthless in one of the biggest stock scandals in Canadian history, and the biggest mining scandal of all time.