Member Info for troutisout

Anyone with over 3% should have issued a TR1 to the Company and they would have RNSed it and placed you on the significant holders on the Website.

No worries Michael, glad to help.
It just goes to show what can happen when posting on a BB of a share you don't own....

Sianna,
Think about what you are saying? If you only post on Companies you hold in, then where are you going to learn, you will always be rose tinted with the shares you hold.
How will you find new investments, new situations that you have never encountered?
I remain with an interest in all the shares I have previously owned, because I do a lot of research on my holdings and want to keep in touch with them even after moving on, I have only posted here since the suspension, so cannot be accused of deramping, but I post facts and some history of the Company that many here haven't realised.
Don't shoot the messenger, use this time to research more and learn.

Radika,
Open your eyes and look at the facts, no sour grapes from me, I sold out in the Spring of last year and have seen my move justified ever since.
There have been a lot of people jump on the bandwagon here after the RTO pump, we tried to get them to look at an RTO over two years ago and Geoffrey didn't like the idea, since then the Company has wound itself up in more debt and aborted the new direction it had decided on, now with a last throw of the dice they mention an RTO and use the pump in SP to try and issue more equity (they couldn't issue any equity when the SP was below the nominal price of 0.1p, as soon as they got the SP above that they could issue).
Also note the last >3% holder used the rise to sell out as well and you can see the old guard were able to cycle their way out of here by selling to the newbies on the pump before the share was suspended.
The markets are skewed against PIs and that is why so many come and go over the years, anyone investing for decades will have lost a fortune and maybe made a fortune, however all the lessons they have learnt go unheedeed by those new to the markets, Why?

Progress 101,
If you do hold nearly 10% of the Company , you should announce that to the Company and they will issue an RNS. With that size of holding you could requisition an EGM on your own. However with such a sizeable holding the BoD may want to court you a little, they have done previously to their large holders. Any special resolution votes would need 75% acceptances and your holding would be a sizeable blocker if you decided. Also in terms of any buyout , the acquirer would need 90% acceptancies to compulsory purchase the entire remaining equity, your holding is material to that possibility.
You have said you are new to investing, I think you have over exposed yourself here, but while you have make the most of it, conatct the Company and speak with them, do not publish what is said and understand the rules about being made an insider and the consequences of breaking those rules.
Good Luck!

Some here seem to think DKE sold Arlington to the UAE state owned Company. Arlington was a separate Private Company, they teamed up with DKE to do a JV. Arlington apparently had financial backing, but it was clear they were relying on DKE to use their listing to raise funds to develop their assets, Two smaller assets were moved into the JV by Arlington, these were never worked on and were recently sold to Mast Energy (which has now used a CLN type loan to finance itself, DKE tried this until shareholders voted it down). The proceeds of ths sale paid down some of the debt the Company had built up.
The Company had been working on a Prospectus since January and this hasn't happened and seems the reason to sell the assets to MAST. However that leaves DKE with a 50% share in HSKB (now Duke Flexible Energy Ltd) which has nothing by way of assets. Arlington the other 50% holder has now found a way of financing it's projects by way of the sale to Masdar, which is a UAE State owned Company.
DKE has very little in cash, loans and debts outstanding, no apparent income, an elderly Chairman who sold the majority of his shares and warrants and in return loaned the Company £500k, the other Director PG who also sits as a Director of Arlington and a listing on the Main market that is in suspension as accounts haven't been signed off.
They have frantically tried to improve their financial position with the write off of accrued Directors fees, that talk of Chesterfield taking shares at 0.65p for their £500k debt and the restructuring and further loan from lenders. The last two could not be completed in full as they didn't have enough headroom to issue the amount of shares needed, so even the 9.5% extension fee could not be paid as they didn't have enough shares.
The lack of headroom stops them issuing shares to lenders, loan note holders and to raise any cash. A Prospectus is needed for that, they cannot afford to do one and the financials cannot be signed off by Auditors.
For those who have invested in this Company in the last month (most of you I suspect), just read back over the RNSs and accounts....DYOR, Caveat Emptor

PMSL.......Shukan got any answers?

Well you all seem rather nervy, you won't allow anyone to post anything but rose tinted nonsense. Well it can't do anything at the moment, no-one can sell out or buy at the moment, so you don't need to be so defensive, why not consider all the possible outcomes?
Only for those that have known DKE for longer than a couple of weeks, the experience hasn't been great.

Actually Swervington, I know a lot about DKE and was involved in lots of conversations with their CEO, Geoffrey and Gazzard. This was when they were looking at financing distribution sites, University accomodation, sell and lease backs and finishing the 2 developments in Liverpool. I held just under 3% at one point. However I sold out and explained why at the time, I got some stick then, but most eventually followed and sold out albeit lower.

Rather than abuse posters think about the question again, why would A UAE State Owned Company want a listing in the UK? They don't need it to raise cash, they don't need it to pay taxes, they don't need it to add all the extra burdensome admin and regulation, they don't need it to pay Brokers and Auditors for the pleasure of the listing and they certainly aren't likely to want to share their business with small investors like the ones on DKE's register.
I think they tried and managed to spin the RTO brief to get the SP above the nominal value and issue some equity. They managed half of that as they got the price up, but weren't able to issue the amount of equity they wanted to, a smaller issue took place and then no accounts due to no Auditor sign off. They left things too late...

I got out when it became evident that there wasn't an investment here any more and that they were trying anything to keep the lights on and draw their salaries.
Have they actually succeeded in anything they have aimed to do?

So please tell me why a UAE State owned company would want a listing?

Why have DKE been unabe to sort out a Prospectus for most of this year? (It is an expensive task).

Also re the RTO rumours, why would a State owned Company want a listing? They wouldn't.
It is more likely that DKE were hoping for a merge with Arlington using the listing and now that has gone away from them with the Masdar acquisition of Arlington.

The accounts weren't ready in time, because the Auditors couldn't sign them off. That is highly likely to be due to going concern issues surrounding the financial situation of the Company.
If there is no visibility the Auditors can't sign them off. They obviously tried to raise and got thrown back at them, now they have to sort out finances with the shares suspended, which doesn't help.
Remember if they can't get the results out in a certain time, they lose the listing.

Aldebaran,
Why did you have to ask your Mum?

That's nearly double what it is now! Unfortunately the 44p target from Finncap now looks a little ridiculous, as it is so far out from current price, but they can't reduce it without it looking like a downgrade.

Why do't you look at other sites and see that it is clearly 10m shares at 12.5p, as for your calculations how can 12.5m shares at 12.5p equate to £1m??

Where is the Bossyboss post on ADVFN?

Is there a delay? They said they would start in June, do you know they haven't?

How do you increase the margins? Become more efficient, use your assets to do more trials that haven't been done by the Company before and of course increase your charges, we can see all have been done and the latest charges for ORPH to complete a trial is much higher than 2 years ago.

Incredible, you have been deramping it down for weeks now and then you resurrect an old thread to say you are now a buyer at 5p, we just didn't see that one coming......
Next time you visit your Granny, try not to nick money out of her purse again...

Thompi, we were all given the chance to trade our shares (by that you mean sell them) in the offer. This was RNSed and we all talked about it here, if your broker was so **** it didn't give you the chance then get a better one.
We all knew and posted that these situations often mean different accounts with different Brokers will get their shares first, I can't see Croft not sending out all the certs at the same time, too many listening to the excuses of their Brokers.