Member Info for tiltonboy

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

...and again!

Down start in India.

Well, it did well to hold on for two weeks. The house broker is now marching it down on relatively small sales. Perhaps there is a big sell order to unwind. Back to sleep.....again!

It looks like they are consolidating at these levels, with very little stock coming out, unlike previous runs up to these levels. A good contract announcement would be welcome!

Good luck with Rashida; she hasnt responded to my last two e-mails, even after informing her that I have nearly 2% of the equity...lol...

WIRE have got 25k on offer, and it wouldn't surprise me if there is more behind that, but it is encouraging to see them at these levels. A good announcement now, would propel them out of the 24 month trading range.

This is excellent news, and clears the decks ahead of a return to the dividend list. It wouldn't surprise if this also is a first step in terms of being acquisitive, and building up some critical mass. Feels like they want to go better, but I'm sure some seller will come along and spoil the party!

Depends whether the concert party are passive or aggressive. It may be that they like the prospects of the company, have built up a big stake, and would like to have some representation on the board. However, by calling an EGM, it would appear to me that they are adopting an aggressive attitude, and perhaps are trying to protect their investment. The concert party will be able to use their collective vote to push through changes, and given that current shareholders are hardly enamoured with the current performance, I don't think it will be too difficult to "parachute" themselves in. Existing shareholders will just have to hope that a new board will be able to achieve a better result than the incumbents.

The rotation of stock continues, as punters take their penny profit (or loss), and move on. With only 27.13 million shares outside of the concert parties hands, it is inevitable that there will be wild gyrations in the SP. Of that 27m shares, 12.77m are in the hands of Ferlim Noms, and Flordia Props. Of course, they could be supplying stock to the market, but if not the we get down to less than 15m of freely traded stock. If some of the recent activity is going into firm hands, rather than day-traders, it could get very tight.

A mandatory cash offer may come at a relatively low price, as they do not wish to make a full takeover, rather, they would like to gain board control and perhaps use the vehicle as a "shell". The lowest price they would have to pay, is the highest price they have paid for stock in the previous 12 months.

So CCS are part of a concert party looking to requisition an EGM. I wonder what plans they have!

And there was me thinking that people did research before buying stocks and held them for more than a couple of hours. You live and learn!

There were five sell trades in a row, that were purchases from a couple of hours earlier. Absolutely maniacal trading!

Fascinating looking at the individual trades, and seeing punters cutting a penny(or more) after holding the shares for all of a couple of hours!

Camkite, the conversion price of $0.5543 is into the Mauritius company, and not into DQE, which may bear no relationship with each other.

I think the shareholding is a possible red herring, and it may be that they would "flip" the holding if they saw an opportunity. I'm not certain where you get your 9p acquisition cost from, as the price at the time was between 3-6p. I'm afraid I just do not trust these guys, and the company has some of the hallmarks of a "Chinese" scam company. (Interesting to see Camkids finally get suspended today). My biggest question is about receivables. If they really have collected a good proportion of them, why didn't they collect them earlier, and avoid having to give so much of the company away! I have a breakeven of around 10p, and do not see me hanging around much after that unless the company become more transparent.

This is complex because of the relationship between the different DQE entities. The Convertible has been issued by DQE Mauritius, and converts into 56% of the equity. There is a running 6.5% coupon, and an additional 6.5% PIK coupon which also convert into equity. There are also warrants that convert. Finally, management have helped themselves to 25% of the equity via share options. Doesn't leave much for us!

No "chips" on shoulders here, and if that was "thinking out loud", then I obviously need to take up mind reading. Perhaps once you have done some analysis of the terms of the Convertibles, you will cease thinking out loud with comments of "700% discount to cash", and a p/e of -2.5. I'm actually trying to help people understand more about the company and the issues it has. I'm not saying the shares are not undervalued, I'm trying to point out that they are not as cheap as others believe.

Likewise I will not post mine here, but you can send it to my Hotmail address where I am also tiltonboy.