Member Info for Zelda

He could try and buy up a few more % and broker a deal with his buddies? Interesting though that there aren't many shares in public hands..... it wouldn't take much demand for this to fly.... Im starting to think its worth a play.

There are 61,744,777 shares in existence. The shares not in public hands are 44,315,491 which represent 71.78% of the issued Share Capital. Name No. of Shares % holding R Allard 37,124,236 60.13% Lord Sterling 3,755,647 6.08% P Buckley 3,144,986 5.09% P Ovenden 3,144,986 5.09% Harewood Nominees 2,216,700 3.59% The Bank of New York Nominees 1,900,000 3.08%

http://www.lseg.com/sites/default/files/content/documents/aim-rules-for-companies.pdf

Cancellation 41. An AIM company which wishes the Exchange to cancel admission of its AIM securities must notify such intended cancellation and must separately inform the Exchange of its preferred cancellation date at least twenty business days prior to such date and save where the Exchange otherwise agrees, the cancellation shall be conditional upon the consent of not less than 75% of votes cast by its shareholders given in a general meeting. The Exchange will cancel the admission of AIM securities where these have been suspended from trading for six months. Cancellations are effected by a dealing notice.

Some companies are de-listed because of insolvency in which case the administrators come in and after the event shareholders may or may not get any of the asset value depending on debts and who has priority over getting paid (shareholders or debtors). But this is different the company has cash, asserts and no debt its doing this as a cost saving measure. I am trying to carve out some time this week to research bu if a shareholder aproval is required they have to make it attractive for shareholders.... Z

So if this gets de-listed from AIM as the board is considering i think the process is that they need to make shareholders an offer which >70% of shareholders have to agree on? Can anyone confirm if this is correct? If so we 10M in cash and +40M in assets total value is 50M right? which is over 15x current market cap so the offer would need to be in line with that at around 75p. I'm thinking this logic must be flawed somewhere or the market cap would be higher, i am thinking of buying in and wondered whether anyone could tell me where this is wrong? The only other point to note is that the cash had been eroding from 15m to 10m but now they are turning a profit the 10M shouldnt erode.... right?

Disapointed we avent had an RNS yet. I am out for now but will re-enter if we get news or this slides to 14p. Thx for your insight. I still am hopefull that Tesco will come good. Z.

This should have been cleared up in December right?

z.

Of course it could go back up to 47p ... I don't want to teach you to suck eggs but IMO the days of buy and hold have gone. If you get the opportunity to sell half into a rise and buy the same amount of shares back cheaper on a fall you lower the price you paid per share without having to find more money to put in...with AIM shares that are highly volatile you need a strategy when shares go down....and that roughly is mine...having said that I think this company could have a massive fuure...right now its a bit speculative though. z.

There is only rumour. In a nut shell BGBL got fed up waiting for the government mandate on smart meters and abandoned plans to sell meters and services through the big power suppliers and instead have adopted a strategy of selling direct to the end customer through a retailer.....slimchance reckons its Carphone Warehouse...I had my hopes pinned on Tesco but Carphone would be better it has greater European reach...RNS expected any time.

thx...my timing sucks :-(((

I'm out. GLA Holders.

:-)

Is here...still no news.....?

Would be nice if it was Tesco...this won't go down forever. The market just needs to see evidence that they have a new revenue stream. Gl.

The 100k at 16:01 was mine it was a buy not a sell. KInd of forgetten about this after buying my first tranche at 14p. But the last RNS looks good, the reaso nthe s.p fell off a cliff was because of the delayed government mandate to roll out smart meters and the market had already priced some of this revenue in. Now not only are they generating cash due to more cost cuts but they have re thought their strategy and are in an advanced stage of implementing it. One thta doesn't rely on the governments 2014+ timescales. So we could see revenues building earlier than expected just need the ink to sign on the contract with new energy company and retailer...Tesco's? - Just a guess....anyway an update is due second week of December I expect this to continue rising until this point. GLA. Z.

BTW: I am not holding any of these I sold out before suspension....and actually came out wirth a profit in my dealings here....feel for those that are still holding.

Zelda is sailing around the med on a nice yacht :-)

If the £10m is raised at a premium to the current s.p of course it will have a positive effect on the share price. Don't want to be accused of not posting balanced posts!