Member Info for tiltonboy

Is there a point you are trying to make with that old announcement?

A complete and utter disgrace. These people should not be trusted IMHO.

There has been somebody mopping up the sells over the last few weeks. Still a very weak shareholder base!

graham you old cynic. Beginning to sound like me!

That's your prerogative.

India up to 46inr on 2.5m...might put 0.25p on the UK line today.

Realistic.

No chance!

l2309, I meant there was no RNS on the first tranche, it merely found its way into the figures. That may be the case with the second tranche. Off to Robben Island today, and seeing in the New Year on the V & A Waterfront, so no more responses from me today. Wishing you all a happy and healthy New Year.

l2309, The price hasn't moved since an EGM was requisitioned.

Sorry about the duplicate post, it said the first one didn't send! Why were the company so lax on the receivables front? If they thought the shares were cheap, why didn't they buy them, or even take them private? There are so many questions but I doubt you will ever get a straight answer from them! Let's see what happens over the next couple of weeks.

Can't believe I'm spending my holiday answering questions on DQE...but here goes! You only have to look at the way that the company is set up to realise that analysing is difficult...so DQE own 100% of DQE Mauritius who own 75% of DQE India who own 100% of DQE Ireland. The valuable part of DQE is possibly the IP. The bonds were issued by DQE Mauritius and $35m was drawn. It is not safe to assume the other $15m has not been drawn, as they didn't announce the $35m had been drawn down? These bonds carry a cash coupon of 6.5%, and a PIK coupon of 6.5%. Let's say that only $35m has been drawn down, then $2.275m is due in interest payments, and the same figure accrues as an increase in the principle amount of the bond, and so on for three years. We now come to a Qualifying Liquidity Event occurring within three years..whatever that is supposed to entail. The bond holders then can force the issue. If they convert into equity they will control 56.5% of DQEM, plus the rolled up PIK interest, plus they had the audacity to award management options over a further 25% of the equity. In that scenario we could end up owning only 10% of something that is currently wholly owned! You mention my "sarcastic" comment about receivables. I can tell you there was no sarcasm in my post. I might be cynical, but I believe with good reason, after following the events at RCG, CAMK, GNG, and a few others. Admittedly the others are all Chinese scams IMHO, but there are similarities here! In the case of GNG, it took them three years to admit that most of their receivables were only due under certain circumstances, and ended up taking a huge write-off. More later.

Can't believe I'm spending my holiday answering questions on DQE...but here goes! You only have to look at the way that the company is set up to realise that analysing is difficult...so DQE own 100% of DQE Mauritius who own 75% of DQE India who own 100% of DQE Ireland. The valuable part of DQE is possibly the IP. The bonds were issued by DQE Mauritius and $35m was drawn. It is not safe to assume the other $15m has not been drawn, as they didn't announce the $35m had been drawn down? These bonds carry a cash coupon of 6.5%, and a PIK coupon of 6.5%. Let's say that only $35m has been drawn down, then $2.275m is due in interest payments, and the same figure accrues as an increase in the principle amount of the bond, and so on for three years. We now come to a Qualifying Liquidity Event occurring within three years..whatever that is supposed to entail. The bond holders then can force the issue. If they convert into equity they will control 56.5% of DQEM, plus the rolled up PIK interest, plus they had the audacity to award management options over a further 25% of the equity. In that scenario we could end up owning only 10% of something that is currently wholly owned! You mention my "sarcastic" comment about receivables. I can tell you there was no sarcasm in my post. I might be cynical, but I believe with good reason, after following the events at RCG, CAMK, GNG, and a few others. Admittedly the others are all Chinese scams IMHO, but there are similarities here! In the case of GNG, it took them three years to admit that most of their receivables were only due under certain circumstances, and ended up taking a huge write-off. More later.

rocker, The company's problems are of its own making, and they have had to resort to a rescue on exhorbitant terms. They need to start making serious money on their programming, and collect receivables in a timely manner( that is if they are really due). I was hoping that the requisitioners would be the catalyst to getting the mess sorted, but we are now months on, and no EGM has been announced. Given their shareholding, I can't see why this couldn't have been sorted without the need for an EGM. In terms of share price, there is little doubt that the share price would be higher but for a constant seller, who I believe has 2m left at just above 6p. The absence of any "real" buying tells it's own story!

You can't chart an illiquid micro like DQE! There needs to be news specific to the UK line before this will move. I repeat... there isn't and there shouldn't be any correlation between the UK and Indian lines.

Rocker, I'm afraid I do not share your enthusiasm. The two prices do not correlate, and with potentially huge dilution in the UK line, it is almost immaterial what happens in India. Hope you are proved to be right!

Graham, It certainly does, but I wouldn't expect more than a nominal dividend in the short term. Disappointing to see the SP drift back to this price, and yet again it fell just short of the 14p level, where I was looking to unload a bit of stock. See you all in a few weeks; I'm off to watch a bit of cricket. Best wishes for Christmas and the New Year to all loyal and long-suffering holders.

Now, that looks like a serious rise in India this morning, and even a modicum of buying in London.

That was a cheesy reply!

Still think we will see 8p this week rocker1...it's gone down every day in India, since your poor attempt at a ramp!