Customvis Share Discussion Threads

[will1734] 04/2/2009 14:33

AUCTION on L2 SCREEN ????

[dell314] 04/2/2009 10:50

tara - MTV is one example of many that I can offer of companies that have lowered their par value and then taken the only course of action that is implied by lowering the par value. i.e. issue new equity below the old par value. The reason I specifically mentioned MTV was that teh company tried to skirt the issue when questioned by a shareholder but the outcome was the obvious one.

Find me any UK company that has lowered its relative par value and then not gone on to issue new equity below the old par value and I'll happily look into it. I think you're going to struggle to find one...

Rgtds
dell

All IMHO, DYOR etc.

[tara7] 04/2/2009 10:46

MM bidding .540 for stock are they filling an order.?

[dell314] 04/2/2009 10:40

tara - As I've said rather too many times now, there is no other reason to lower the par value. There is simply no need to do it, unless a company is preparing the way for an equity issue below the previous par value.

Rgds
dell

All IMHO, DYOR etc.

[tara7] 04/2/2009 10:37

Dell, so all firms listed on AIM do what MTV did, do they? Fact is you like me have a view on this stock, they are not the same. !!!!!!!!

[fairdeal2008] 04/2/2009 10:35

Before I go and just to prove a point... have a look at IGE. X Ray technology, new material contracts and only capped at £1mn.

For the techno buffs may be interesting.

[h d shoring] 04/2/2009 10:33

To enable share to be issued for an aquisition???

[tara7] 04/2/2009 10:29

Dell, a shareholder asked, is the change of par value to place more shares. This is what was said by the director "NO."

[dell314] 04/2/2009 10:13

tara7 - 4 Feb'09 - 09:51 - 83 of 86

Dell, was it you who told us all that the reason the par value of the shares were changed was to place new money, when infact the directors at the AGM told us that was NOT the reason.!!!!!!!!!!!!!!


tara7 - there is no other reason to lower the par value, so I doubt if they told you categorically that the reason was not to raise new money.
I expect they used weasel words to make you believe that wasn't the reason. Didn't you tell us that their answer was to "get things in order" or something rather non-specific along those lines. Dropping the par value is not a tidying up exercise. It is an additional complication that has only one purpose...

For what it's worth, MTV dropped their par value a while back and I raised the same point on their thread. One of the guys on the thread emailed the company and received a reply saying it was a "technicality" and then proceeded to argue with me about it. Soon afterwards MTV placed a load of stock below the old par value. That poster now posts as Pilly_Rocks, if you want to ask him about it. If you check back through the MTV thread, I imagine our dialogue will still be there(although Pilly may have removed some of his posts since. He had several different user names but you'll spot which were his from who my debate was addressed to).



Fairdeal2008 - 4 Feb'09 - 09:55 - 86 of 86

The par value adjusted enables them to raise money.

10 out of 10. Well done!

Doesnt mean they will. It's a bit like saying just because you open a bank account means you are going to have an overdraft. One needs the other, but won't necessarily happen.

A better analogy would be to say that you go to a bank and arrange a loan for £500k. It's true, you might not need £500k but you must have had a damned good reason for arranging it and paying any associated fees.
CUS had delayed accounts, an auditor emphasis of matter re going concern and then undertook a course of action that is only required if a company plans to issue new equity below the old par value....

Rgds
dell

All IMHO, DYOR etc.

[fairdeal2008] 04/2/2009 10:06

Looks like they have crystallised their technology into a revenue generator and therefore, if they can grow the number of installations they deserve a significant re-rating. Wouldnt worry too much about a distressed seller dumping at 0.15p, happens all the time at the moment and bears no relation to a company's true value. IMHO

[tara7] 04/2/2009 10:03

Why, Dell has the stock price not gone back down to what WINS paid, as you said it would.? Why have we seen very, very, few sells, if nothing is going on. [One could make 50% to 80% profit]

[fairdeal2008] 04/2/2009 09:55

The par value adjusted enables them to raise money. Doesnt mean they will. It's a bit like saying just because you open a bank account means you are going to have an overdraft. One needs the other, but won't necessarily happen.

Dell I agree about the endless ramping across threads - its annoying, although sometimes the odd comment here or their can alert others to an opportunity. There is a difference though.

By my reckoning WINS are probably nearing the disposal of all the stock held and that shopuld open the way for buys to increase the price substantially and sells to reduce the price. In other words - not a false market. Which way will it go? Don't know but guessing up....

imho

[mingle3] 04/2/2009 09:53

dell wants the stock cheap thats why he does it.

in the event of a takeover tara do you have a price in mind?

[h d shoring] 04/2/2009 09:53

Now there is an answer ,find out the level of dell314,s radar and keep your spamming below that .Then he promises not to bother you .

[tara7] 04/2/2009 09:51

Dell, was it you who told us all that the reason the par value of the shares were changed was to place new money, when infact the directors at the AGM told us that was NOT the reason.!!!!!!!!!!!!!!

[dell314] 04/2/2009 09:45

FD - This one caught my eye because there was loads of bull getting spammed across the bulletin boards about it. If I can provide a reality check, at minimal effort, why not?

Rgds
dell

[will1734] 04/2/2009 09:41

Expect his M8 Trader8...here very soon to speak highly of him.

[fairdeal2008] 04/2/2009 09:35

Dell

Help me out here. If you haven't got an interest in various stocks, or a potential interest, why do you spend so much valuable time attacking them and their holders (who are naturally optimistic) when the share prices of those companies start to rise?

Is this a job?

[dell314] 04/2/2009 09:30

tara7 - 3 Feb'09 - 15:49 - 71 of 77

Dell, have you seen todays news?

Yes. Hardly world shaking news was it?


tara7 - 4 Feb'09 - 08:44 - 75 of 77

Get the feeling, [with all the buying, the very day the market was told WINS had a large lump] that a bid may be on the way.If it is we are not talking about .06p!!!!!!!! ......

What a load of rubbish! Are you trying to sugest that a bidder would be buying stock in pocket money sized chunks. LOL!
The fact that it was announced that WINS took on a significant line of stock and we know they got it at around 0.15p means that any buyer with a brain larger than a walnut could have just done a deal to take the lot for a percentage over what WINS paid. They'd have to be pretty stupid to buy tiny chunks allowing WINS to keep marking it up.

You really are clutching at straws, aren't you?

Delayed accounts, then auditor statement re going concern, followed by redenomination of par still says to me that you'll get a fundraising soon......

Rgds
dell

All IMHO, DYOR etc.

[tara7] 04/2/2009 08:57

That points to MM not to keen to sell stock

[fairdeal2008] 04/2/2009 08:55

you mean $20mn on r&d I presume. Could only get 100k online just.