Member Info for troutisout

dman
I know the acquisition is as dodgy as they come, but you fail to see my point that the subsequent fall in SP has just allowed JZ to buy 4.45m shares at half the acquisition price. The fall has been cheerleaded by certain individuals who have lost to the duo before, but they aren't trying to help PIs here they just want to see this fail and PIs to give up and sell out, but that is also obviously working into the hands of Zorbas and Hogan...

weedavemac,
The point is these people have done absolutely nothing to stop JZ/LH all they have done is help facilitate another coup by telling PIs to sell out.
If they were really serious they would have got together a case against the pair and seen it through to conviction, they haven't done so and with some of them, it does feel like they think seeing other people lose the same way makes their loss somehow more acceptable.
JZ/LH are untouched as PIs from one of their companies tell other PIs to sell out, allowing JZ/LH to buy the cheap shares back.
Not sure who to trust now......JZ/LH are crooks, but many others have ulterior motives as well.
I will vote against the deal and will also join any action, not on twitter but can be DMed through another Financial BB

So there we have it, good samaritans have been telling people to get out and how corrupt this is, PIs panic and sell halving the price and JZ buys them up and says thank you very much....

I said to someone the other day that their actions were probably helping JZ/LH. They didn't feel that.
JZ has just bought 4.45m shares at half price!!! What do they think now? They have saved him £100k.

JohnHenry, we get that and they may have covered with the acquisition shares at 5p, if they haven't then their close associates have just gone long at 5p, which means if JZ and LH are trying to cover with shares issued in lieu of fees, then they are working against their 'close associates' financial interests. Of course they could cover some in the market the drop has already produced another 50% discount.

Well done guzzler, has this episode made your losses feel any better? Seems like you want to have a go at PIs rather than the perpetrators, Whatever floats your boat.......

Further to the below, the issue of shares on the 4th April could be a way they square their books for this tax year, the whole thing looks rushed and poorly done, which has exposed them.
I hope Leon likes HM Revenue and Customs Officers.......Nothing like the tax man getting his teeth into you, especially when they can smell the corruption...... :o)

Jarv,
I get that, but they will receive shares at 5p, which we assume will have covered any selling they had previously done. With those shares being worth less than half of the 5p price at the moment, they may well be looking to sell a few more to take out some free cash, but volumes aren't that great and the majority of selling has been from PIs. So they are going to end up with a long position that is underwater 50%. Now they could try and average down in a placing/shares issued in lieu of fees, but they will still be long or do you see them selling it down to virtually nothing? If so why issue yourself shares at 5p just keep on the previous short position?

Exactly, once they have filled up with shares they will then want to see the value if those shares go up again.

Jimzi,
I can't see taking it private helps them either, when ANR was delisted they jumped ship, their modus operandi is to use the listing to sell and then buy back through dilution. That doesn't work in a private company hence Hogan bailing out from ANR

Someone is hoovering these suckers up!

Guzzler, why didn't the shareholders of URU and ANR stop them? What good are you really doing here? You and others are actually helping JZ and LH secure a lower SP at the moment, I didn't know you were still wanting to help those two after all they have apparently done to you.....

Seems to me that there is a deliberate attempt to knock the SP down as much as possible, a lot of the sells are relatively small, the SP has dropped in a far more dramatic way than the volume would suggest it should. Mkt cp at one point was £4m, now still only £4.5m. There is an underlying business there and I suspect a debt restructuring to come. The sharks want the shares for something and is this latest RNS just a way to take the heat out of the acquisition deal and have certain people got buy orders in for all these cheap sells, now at half the price of Thursday morning.
The acquisition is now for about £600k as the value of the shares has dropped since the RNS, so were these shares just to try and get the EGM vote away? I still think people will be filling their boots as others are flushed out....

WW,

None of us have the answers, but you say that £1.3m is exiting the business, at the moment the acquisition has been made with shares at 5p, there are two ways those shares can turn into cash exiting the business,
1. They forward sold the shares and that will now be covered with shares at 5p.
2. They intend to sell the shares (or have started selling their holding down) since the announcement.

In the case of 1. I f that is the case then the shares have already been sold and once they get the acquisition shares they will want to see the price rise back again as they are back as shareholders.
For 2. they are taking a risk of crushing the SP and getting little back of the 1.3m the shares were issued for, they are currently 40% below that level.

Also there could be some merit in the technology and it's further uses by MRSS and Bachmann, so there is something in return for the shares. However the worst thing that could be, is that they have overpaid for something in shares, so that would have diluted all shareholders, that too has already happened as the market has taken that into account. So on most grounds the worst that could happen already has, yes we know what a bunch of corrupt *****s they are but they will need the price to rise to increase any future trading profits.

Just added a few at 3.1p, will keep an eye out later but can't sit here all day, have to do some things, I would like some more down here, but a case of switching out of others to do so......

Can't help but think this will recover a bit from these levels....

vantheman,
I agree about it being staged (it is just too obvious, the corrections to filings at Companies House made it look even worse) and I wondered earlier that if they 'seemed to react to PIs and then pulled the deal next week, they could have been harvesting all the shares sold in the drop and if they were short then they will have made a quick bundle.

It might seem strange to some but I am contemplating buying more down here, as I sense this has to go up for the players to make any money......

The MMs bought 2m shares yesterday at above 4p, then another 2m at above 3.9p, now they can average down their position but they won't want to be selling those 4m shares at 3.1p or 3.2p will they? Any notable buying will be met with quick tick ups and I see it is now 3-3.4p but can still buy at 3.17p (so under mid).

Could sell 300k at 3.07p just a minute ago, lower for more but MMs will take large volume from punters, why would they do that if they felt the price was going to drop further?
My concern is this drop is being used to flush out PIs and will then see a large buy sweep them all up.....The MMs can't be wanting to hold all the shares they took yesterday.....

But this is it Warran****cher,
Why do they seem so desperate to get their shares back (that is if they sold them like some people insinuate)? If they were short then the SP was travelling in the right direction for them, why opt for shares now?
Could it be the re-financing news will turn up sometime next week and their 5p shares (effectively closing shorts at 5p if above is correct) need to appreciate in value for them to benefit?
If they had sold before they wouldn't have increased their holdings by much and the taking the Company private line of thought seems a little far fetched to me, it seems 1, they couldn't run a bath let alone a company and 2, their MO is to screw shareholders with dilution and use the marketplace to sell short and front run their dilutive ploys.
Finally it would seem to me that if they really wanted to gain a larger share of the company, then as the SP drops like this they could easily buy up millions of shares, as PIs exit.
I know those burnt by previous exploits elsewhere are trying to be helpful, but at the moment it seems the only people you are helping are those you despise for stitching you up previously.......JZ and LH won't mind other shareholders selling out, there were enough shareholders to stop the resolution for allotting more shares, there should be plenty enough to stop anything else, but not if they all sell out.

The MMs picked up millions of shares yesterday and will want to turn them at a profit at one point. I do think most posters are non holders and would love to hear more from the holders to get some real perspective (afterall non holders can't call for an EGM, etc). So what are holders thoughts?

Jarv,
You say they wanted to raise but that got stopped at the AGM so they have overpaid for a company, that they have had close associates take control of earlier in the month. I see that and the reason would be to buy back shares they have been selling into the market on the sly.
However if that is what you are saying then they aren't likely to have enough to take this private, if they did an EGM would not sort the problem out because of their holding. But also if that was the case then they would have got the resolution through at the AGM. So I think it is safe to say they were looking to get back shares they had sold down previously. They have done so at 5p, so selling at 3.5p isn't going to do anything but help them pick up cheaper ones still.
You then go on to say, they might sell these shares and the money end up in a Cyprus bank account, now with this I also feel there could be some merit, they could be selling down their holdings knowing they are going to receive the shares from the acquisition shortly. If that is the case then they are selling shares at a ever reducing price and as I pointed out yesterday they have already seen the value of their acquisition shares drop by 30%. Do they really need money so badly?
What they have done is openly showed their hand here and that could be their downfall....