Member Info for tiltonboy

Back and suitably refreshed, but now faced with a mountain of regulatory paperwork that will keep me busy for the next 18 months. I will try and do some business somewhere along the line! Like threeputt, I remain sceptical in the short-term. Look back through PEG statements over the years, and they are littered with comments/warnings of contracts slipping into the next period etc. I hope it's different this time...but I'm not holding my breath.

The Peel holding, is the book position of the MM.

It would be interesting to see how many employees kept them!

Mystery solved. The Peel Hunt holding, much to my surprise, is the book position, being run by the MM.

Water Hall haven't got ANY shares in PEG. When the takeover went through, the WTH holding in PEG, became Treasury shares, which PEG re-issued for cash, on the 13th November.

http://www.petards.com/corporate/investor_relations/shareholder_infomation.aspx Something doesn't stack up here! Peel Hunt did not have a notifiable interest at 31st May, and the notification today is in respect of an increase in holding from just under 10% to just over. Where are the other notifications. Is the holding in respect of clients of Peel Hunt, or a book position of the market maker (can't see that) All very odd.

How can Water Hall hold 80.75m shares!

Sumo, Abdullah has been a director of Water Hall since 1989, and chairman since 2004. I've got a precis of his annual statement to shareholders in respect to acquisition policy, but I don't want it to clutter the board. You can either look at his statements from 2004, or let me have your e-mail, and I will send it to you.

SPMG, The bank debt of PEG was acquired out of Water Hall's own resources, as Lloyds was about to pull the plug. The CLN's were issued as part of the consideration for the acquisition of WTH. At the end of the financial year 68,055 Loan Notes, out of 1,752,775 had been converted. There was an issue of 11.5m shares,which I would suspect went to clients of Hybridan and WIRE, and would equally suspect have been finding their way back into the market into strength of the SP. My views on the Abdullah's have existed for a long time, and I do not want to bore the pants of this board by re-posting them, save to say they are well documented. I added to my holding recently, as I believe contract news, plus a bit of ramping, would give some momentum to the price. I will retain part of my holding to see if RA can redeem himself, and will trade the balance from 10-15p if I see the opportunity.

I think you need to read a few of the sane boards on ADVFN where I post , and see what posters think of me. You are now making a fool of yourself. As to what have I added to the board...perhaps I have made a few pertinent points, which the ostriches do not want to believe, but would rather discuss laughable conspiracy theories, from hidden codes in trades! As for the sould (sic) of the party, then you haven't got a scoobie! No grouch, just trying to say it as I see it, and I have followed this for far longer than you have. It is clear you need educating in the ways of the market, but if you don't want it, then good luck. Last on the subject from me.

They are not Warrant shares, they are Convertible Loan Notes. Holders of Water Hall got them as part of the consideration when taken over. The lack of knowledge on some of the basics is astounding. Might be an idea to spend time doing some research rather than posting nonsense.

somebody is desperate!

Not trying to spook anyone, but it's quite obvious that some holders here are not fully aware of the facts. I agree that the large holders will not convert yet, because they might as well collect the coupon along the way. The only people that will convert are those that will be selling. In terms of trying to get back in, your memory is short, as it was me that owned up to buying the lots of 50k on Monday. I added 250k to my holding, and now have enough of this little tiddler.

That is possibly so, but as things stand at the moment, they do represent a 55% dilution of the capital, which needs to be factored in at some stage. Of course, the company could look completely different in a few years time, if it made an acquisition or two along the way.

Page 57 of the offer document: El-Khereiji Financial Company WLL 14,974,054 18.80 Charwell Investments Limited 13,556,739 17.02 O Abdullah 9,665,575 12.14 R Abdullah 9,648,942 12.12 M Zahid 5,000,000 6.28 Y Zahid 5,000,000 6.28 Plus 100's of shareholders not above the notifiable level.

Mike, They are not petty posts, they are pretty material in the scheme of things, and it is important that holders are aware of them. In terms of who owns them, then a cursory look at the offer document will tell you that WTH shareholders received £2 of Loan Notes for every 100 WTH held. So all WTH shareholders had them.

So I'm still a deramper then!

Look at Note 5 to the accounts

"The outstanding Water Hall Loan Note, which is unsecured, is convertible into a maximum of 8,000,000 ordinary shares of 1 pence each in Water Hall at 2.5p at any time on or before the third anniversary of the date of issue being 16 October 2015. Accordingly, the Water Hall Convertible Loan Note holder will be able to exercise and accept the Offer should such holder choose so to do." I'm afraid this is the level of naievety you get on these boards. Of course had GW done any homework, he would have realised that the above is the old WTH Loan Note, and I was referring to the current PEG Loan Note!