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TVZ ers.... Been a long day in work. I've not had much time today to keep up with the on goings and momentum of our campaign , so where we at Shab ? I have read the post of news report, did we manage to obtain a Facebook campaign, any link ???? Barrage of comments on ITRAVEL. I for one back such a campaign, it's about time us Brits stood up and got counted for far to long have we let people walk all over us. If it was Franchise there would be road blocks, fires.... POWER TO THE PEOPLE (TVRS)
Not Itravel that's done us a dis - service it's all Elleways doing. My opinion is that they have been in cahoots with Aldernham for six months if not more (allegedly)... What they have done should be criminalised and you cant say that the two bod taken on by Aldenham didn't know jack either ...... All IMO and allegedly SHOCKING
all..... Didn't turn out how we hoped it would then. I knew there was something wrong when it was sunny in Leeds... Seriously, we all need to move on, it's nice to vent frustration and anger but unfortunately it won't get us anywhere. This happened to me in 2006/7 I think it was with Cattles. I lost 15k of my own money and the worse thing was from open until suspension it rose 7 fold... That was a very harsh lesson and short pier long walk moment.... For all those newbies and others with greater investments than I was exposed to here, I know how you feel . Chin up guys, it's hard to take . Whether it would make a difference or not I wish you all, all the best and try to dust yourself down. Your time will come... TJ
I'll keep this short... I didn't put a valuation on the company of 0.01... IMO that is where I think the SP will plummet to. Within the Sat two weeks the price was as low as 0.0105 to buy and 0.0096/7 to sell.... The sp within that two week period again IMO has been manufactured to pre-suspension price. Let's say alls gone and we sit there with a shell containing 15 million, the bod still want paying for maybe doing nothing, year end there is a profit within the shell of say 12 million, the remaining bod offset this against shares in issue were I suspect all shares once co-owned with Elleway would be transferred back to TVZ directors who sit there slowly selling them on POSSIBLE spikes due to manufactured speculation... Got to go now due in Leeds mid morning....
Personally I don't think if released an RNS will reveal that much except what is already on the Itravel2000 website... They won't release figures until court approval is finalised which could be a week, maybe two. The approval however is a foregone conclusion that it will be upheld, they don't want to put people out of work let alone one of the biggest online retailers of travel out of business.... There is a chance of a spike if it's relisted but blink and you could miss it, not only that if trying to sell at the spike prepare yourselves for constant reduced NTs...
It be relisted (today I doubt) I think a stop loss is in order. Cash in hand is relative unless there is something to invest in. I can see this sub 0.01 very quickly. Not de ramping , just not sugar coating it either, reality is a lot of people have been and will be robbed of their hard earned. My take is, re-listed, sp plummets then the remaing bod make an offer to holders which will be considerably less than suspension price making what at that point will be seen as a good offer. Leaving a surplus for the remaining bodto divi themselves up. Then wound up... Hopefully I am absolutely wrong as I do hold here . Usually more experienced Pi s will have already written this off against tax and anything back will be a bonus....... Keep The Faith....
All sold, subject court approval. Debt free and possibility of being a shell. There is also the possibility of complete closure... I'd have hoped we would have hung on to cruise professionals but apparently not. Not good IMO but wtfdik
today has been. I blinked and the price was 1.7. Went for lunch and found us in suspension. I tried having a long walk on a short pier but thought it was too cold. I come back and now we have sold the major asset to a three month old company. The suspension makes complete sense now. The BIG question now is HOW FLAMING MUCH ????
Yes pal, I posted that thought earlier and came to the conclusion they will make a killing breaking the company into two and selling seperately. Let us not think for one minute that Elleway haven't thought of this already and probably have the interest already there being privey to purchase negotiations.... Oh well .... Not really worth discussing anymore until news....
The news stated affecting " short term " cashflow.... Now, if your a glass 1/2 full kinda guy/girl does that mean things long term look more promising long term... We need a financier (investor) with a little foresight here, Elleway are playing hardball not agreeing to restructuring. Their payments are crippling profits, but what do they care they want their money back ... Now. It just isn't going to happen is it unless we sell something if the bod want to keep trading ?? What they should negotiate is that they will reduce payments on the condition that once year end profit is available they have first dabs on it thus cutting director dividends until the mismanagement of the company has been cleared and debt is wiped out which would realistically take two years but we would still have a strong business with capital to take the company forward...
Travelzest's shares have been suspended from trading on AIM after its primary lender, Elleway Acquisitions, issued a demand notice for repayment of all monies owed. The company says it unable to repay the monies owed and consequently there is a material uncertainty around its short term working capital position. Now, reading that which state TVZ is unable to pay its debt !! So calling in the debt, why ? Itravel and cruisemasters or whatever it's called are profitable. So why not allow TVZ restructure finance to make debt manageable unless TVZ is still bleeding losses... Still doesn't feel like the end however Elleway takes over then splits the two businesses up and sells them separately recouping the debt and more... Am I just clutching at straws if so tell me and I'll paste no more and trawl back to BMN......
Not so good then eh ? I briefly saw somebody mentioned a new website by TVZ, is this true or more importantly how new is it ? I don't get it !!! Credit facility extended for four weeks then pulled... That 4 week period assumingly while talks of merger/sale were ongoing with potential suitors. What sense from the creditors point of view is it to pull unless they are (allegedly) in cahoots with a buyer so it can be obtained at a lower cost which I then assume would be a conflict of interest... Just a thought...
Regarding credit facility the last four have been at 7 bang on however the original was at 11:37 5 weeks ago. This IMO will fly this morning on pure speculation that a deal is done...
Could well mean BOOMBASTIC ........
1.25 live, not 1.05 as above
This open if it rings true !!!!
That will then tell you the sp has tripled to today's price of 1.22 +/-
That would be 0.42 a share I assume you mean ?
Mornin
Save yourself some money and stay away from these. Remember when i said their name had changed to BLACK CROOK OIL i meant it. Its up to you but i would'ny pee on these if they were on fire. I still have an interest here but only in the vague hope. Every time i look here it just makes me feel better knowing that while im losing on IVE if BLR are worth 1.75 then IVE should be 17.5. You woul be better in ive buying at .45-50 and shorting if you have the time. Warning, BLR can cause serious damage to your health, oh and wallet.