Member Info for troutisout

Reading your posts of the last week, I think they describe it as a complete U turn.

If you want to revise well, then I suggest you take the blinkers off

Jack, you created your avatar on April Fools day this year and posted like a naive newcomer and now you are the expert on all things MRS, especially how good JZ and LH were/are for the Company.....Hmmm......

Especially with this popping up, perhaps he does need to resign early and concentrate on his other businesses....
http://www.globenewswire.com/news-release/2019/07/29/1892947/0/en/Captor-Capital-to-Delay-Filing-of-Financial-Statements-for-the-Year-Ended-March-31-2019.html

You think voting JZ out will be detrimental to the share price, he should do the decent thing and resign before the EGM, as he did say he would be resigning in August.

If two posts could sum up a poster, then those are the two for you Antofelli.....

DV,
I think the main client has only made 2 x $375k payments the third being the December one, that they are in default on.

How about looking at the chart then, to see that your opinion is wrong when it comes to SP direction when EGMs are being called. It's there in black and white.
I wasn't intending to patronise you and I am sorry you feel that way, I was pitying you......

I am sure the SP dropped when the Alerion deal was announced, it rose when the first EGM was called and then dropped back after the resolutions failed, then since the 2nd EGM has been called the price has again risen, so not sure what you are on about Antofelli

You two need to calm down...... It will happen, just be patient!

Jack why didn't they publish the full report rather than their take on the main points???

Corrales and Alegana both have the same Cyprus address and Leinad and Captor Capital both have the same Toronto address, Leon Hogan is banging Chris Grove 's Sister (among many other girlfriends according to Zorbas), Elliott Talbott was president of Leinad, who were also trying to do a deal with ANR where all the usual suspects were trying to scam them... But no evidence to show any link....maybe because the only people they asked were those in on the scam...They were hardy likely to say 'yes we cooked this up together beforehand'....

Just thought this thread ought to come back up into play as it is now obvious that Hogan was ramping on inside information....

I don't read it like that and I think they (the Manners family) participated, but they are not the cornerstone investor JP said in his interview, the cornerstone investor has other smaller investors below, so it sounds like some sort of fund, investment manager, etc.

I don't read that as only they participated, I read that as trying to show that stakeholders supported the placing and participated. The Directors only took 8m of the 63m shares and so I believe there was another cornerstone investor that took the majority of the issue.

gorsuch,
Not entirely sure, I was expecting a TR1 announcement, but if they are a nominee holding/investment company for other investors they don't have to announce at 3%. I had looked at the other 3%+ investor James and Kimberley Chisholm, but not sure it is them either. The amount Directors took were relatively small and that leads to a lot of shares being taken up by this cornerstone investor.

nb-riley, I think the truth is everyone said they would have taken part in the placing because it was at a discount, but in reality many of those were not in a position to buy more. It is very easy to post on a screen but to actually pay up is a different matter.
Some of those may well have traded it immediately to make a turn on the discounted price and the time taken and invariably the extra cot would have meant the SP would have drifted down. It is quite clear the cornerstone investor took a large lump of the placing and also asked for the participants to be kept to a small few. If others were allowed in would they have covered the gap made by this cornerstone investor not taking part? I don't think so....
Not sure how you think the price would have done anything different, the placing was done with a few select 'sticky' investors, but what has happened since would have happened in any scenario, if not in a more exaggerated way as many PIs would be selling the discounted placing shares as the price dropped....

nb-riley, I think the truth is everyone said they would have taken part in the placing because it was at a discount, but in reality many of those were not in a position to buy more. It is very easy to post on a screen but to actually pay up is a different matter.
Some of those may well have traded it immediately to make a turn on the discounted price and the time taken and invariably the extra cot would have meant the SP would have drifted down. It is quite clear the cornerstone investor took a large lump of the placing and also asked for the participants to be kept to a small few. If others were allowed in would they have covered the gap made by this cornerstone investor not taking part? I don't think so....
Not sure how you think the price would have done anything different, the placing was done with a few select 'sticky' investors, but what has happened since would have happened in any scenario, if not in a more exaggerated way as many PIs would be selling the discounted placing shares as the price dropped....

I think I understand it very well.

The placing allows the Company to keep the money spent on shares and the open market sees that money go eventually to the sellers.
The difference in the price paid is virtually nothing (a few extra commission fees maybe).
I am not aware of any tax scheme being available to placees at SML.
Placings cost the Company money and cannot be opened up to everyone without large costs.
But the real difference is that on the day of the placing posters saw placees getting shares at a discount and and the green eyed monster appears as they want shares at a discount too, or so they all posted.....Now at the same price those same people won't buy, because they don't now see a discount and probably a lot of them couldn't really have afforded to buy many anyway.....

1.399p trades are all buys, that was the offer when I posted the first message on this thread.....