DQ Entertain. Share Discussion Threads

[smithie6] 16/2/2016 09:57

..bod..lock em imho

Acting against law & regulations...can not legally block what shareholders want..
And to act vs shareholders is disloyal and illegal

bod supposed to work FOR shareholders....not above them

[tiltonboy] 15/2/2016 09:29

mandm,

The de-listing will just happen. We will continue to hold the same amount of shares in the company, but we won't have a marketplace for them. They could also try and get a matched bargain facility in place using JP Jenkins. I have been in a few companies that have delisted, with generally favourable outcomes, but each of those were in fundamentally good companies.

My fear with these is that once de-listed they will sh&g us senseless!

[mandm10] 15/2/2016 08:37

Tilton with your broker contacts, woulkd be interested if you can find out the mechanics for a de-listing. In simplistic terms we still own 75% of India (albeit through Mauritius)which is valued over there at circa 180 Rs.Cr. Someone has to buy us out, but how and at what value, and where does Mauritius fit into the equation. I personally would have no difficulty in selling out at half of what the share value in India is worth!!!!!LOL

[tiltonboy] 15/2/2016 08:15

2p,

Yes, been back a month now.

Looks like the 69,196 buyer on Friday had a quick change of mind. Held them for 10 trading minutes!

[2pablo] 15/2/2016 07:37

Hi Tilton ! Back in sunny Brummy ?!

Yeah, anything could still happen and it's frustrating not knowing who, if anyone, has our interests at heart.

The RNS's should keep coming and mud may become clearer, or, as you say, we may go 'underground'?

[tiltonboy] 14/2/2016 18:24

Perhaps they are happy to delist, and have no intention to find a new NOMAD!

They can then go about their grubby work away from the public gaze.

Being delisted isn't necessarily the end, but we need a board that has all shareholders interests at heart.

[2pablo] 14/2/2016 12:28

mandm - results do read pretty good but the 'receivables' seem to be the same old story with 'coming tomorrow'. Firstly I thought they had been considerably reduced but looking back at previous amounts the 'over 12 months old' lot aren't going down. They seem to be saying each results that they're coming, but they never arrive.

New Nomad please - Allenby off a week Monday, so suspension Tue 8 am on 23rd Feb.

We could then hold the EGM and appoint the new Directors if that is indeed anyone's plan - (Allenby threatened to walk if we did before their DD completed).

A few possibilities here IMO and I think we will appoint ZAI as Nomad (they'll take on anybody who will have them).

[mandm10] 14/2/2016 09:16

Very good results, so the question over the draw down confuses, why necessary? Have absolutely no trust with the BoD, and still more games to come. No mention in the RNS regarding the position over the other two, although in India I am sure that this was stated as being on the agenda. Well, hoping against hope that we do not get totally screwed, just when it appears that the Co. could be making headway

[2pablo] 12/2/2016 19:08

Well today we're up 45%, that's a good start.

Just get a new Nomad and we might see this out.

[tomboyb] 12/2/2016 16:01

Those results look pretty good to me -

Problem: where is this going?

[mandm10] 06/2/2016 14:20

Wow, what a devious chappie is this Tapaas. He borrows £740K from a pal/colleague/ whatever, lives the high life with his family, squanders the cash, does a deal with others who are a bit more smarter, turns the original £740k into worthless paper, sees himself surviving as the "top dog" so can continue on his path. NOW this is where it gets interesting. NOMAD resigns, shares are suspended, warrants cannot be exercised, who then controls and owns what? Bondholders must also be squirming at this point. If I was Tapaas, would be looking over my shoulder. India continues to trade?? Have never seen the likes of this one in all my years in business

[2pablo] 06/2/2016 12:16

TW's men seem to read it similar to me, though they haven't got a 'bag of crisps' in the game nor do I think Tapaas is anything to do with the Requisitioners :

hxxp://www.share (no space) prophets (dot) com/views/18538/dq-entertainment-the-red-flags-pile-up-writing-wallthis-stinks

[2pablo] 05/2/2016 17:20

Tilton - very confusing and reads like more bad feeling over a non-disclosed deal 3 years ago. Looked at the fund raise in Mar 2013 and no mention of 'pledges' or 'Platinum'.

Looks like Platinum - 'The Requisitioners' - are putting more pressure on the Board.

The main thing is surely we need to be able to get a new Nomad still but this looks like more financial pressure on Tapaas.

New Nomad, new Board members try to get some agreement on the way forward and keep the Bondholders from pulling the rug.

Noticed from 11 Jan RNS "It was agreed in the Standstill Agreement that, subject to DQE satisfying the Warrant Issue Condition, the Bondholder would not take any enforcement action in relation to the Advised Change of Control Event for a period of three months from the date of the Standstill Agreement in order for DQE to have the opportunity to remedy the Advised Change of Control Event."

The Standstill Agreement was made on Dec 18th so the 3 months runs to Mar 18. If we could reverse the 'Change of Control event' by then think this means the Bondholders would give up their massive warrant issue(although not certain).

We remain in chaos with the likelihood perhaps now increasing with today's announcement of no new Nomad being employable.

[tiltonboy] 05/2/2016 15:51

...lol... you couldn't make this up.

So it now transpires that the CEO of DQE has been in bed with one of the requisitioners for nearly three years!

Haven't got a clue of the implications!

[2pablo] 04/2/2016 10:26

Tilton - thanks for thoughts and glad you're not too downtrodden.

Yes, you've always thought our best hopes were aligned with the 51%ers. Perhaps they may keep us afloat. They can't purchase more, though, as now a concert party unless can buy the whole shebang.

Really all the RNS said was Allenby going with no reason given. All the other stuff was genuine and legally necessary warnings. That aside, I'm not buying any more on any hopes.

India results on Feb 12.

[2pablo] 04/2/2016 09:46

Tilton - know it's looking seriously bad and you are far worse off than anyone I know here, but think it's better to hold to see developments than take a 90% loss.

What do you think?

[2pablo] 04/2/2016 09:41

mandm - exactly about the 51%ers, they are sorely down.

ZAI aren't in their right mind I believe, so they'll do as Nomad.

Price now 1.6 - 1.75 dropped again

[mandm10] 04/2/2016 09:25

No surprise, totally disappointed with Allenby: They have had over 3 months to do a due Diligence, come on, and that is only on one of them, and they have not said which one. They have been taken, totally unprofessional, their reputation should now be shot down. Smithie is right no other NOMAD in right mind would pick this up. Where does that leave us??? well as thought for some time, well and truly stuffed. Would love to give support to the 51%ers but realistically not worth effort. So now we have sharks who have "loaned" 35m$, who will very soon own 75% of India in exchange for the loan!!!! and not a lot else. Tapaas???? Well, he should be struck off in India, as does not worry about over here. The 51%ers, they are going to lose the most. US: Who really gives a damn about the ordinary shareholder, lesson to all, risky business is this AIM

[mister md] 04/2/2016 09:21

Not suffering a potential 100% loss is better than missing out on a gain... ( he says, trying to be Warren Buffet - like)

[mister md] 04/2/2016 09:20

I sold last part of my holding at a loss at 3.75p the other day - silly me for investing in a few AIM shares recently - luckily the rest of my portfolio is doing ok. GVC is one of the few AIM shares that I intend to hold.

[2pablo] 04/2/2016 09:14

MM's know there stuff opening this down 60% gave no chance for bailing. A few small clever traders got a few hundred pounds worth @ 1.5p and good luck to them.

Looking on hxxp://www.moneycontrol.com/india/stockpricequote/media-entertainment/dqentertainmentinternational/DEI01 gives the Live India prices and has pointed me to the Directors meeting on Feb 12th where they will issue Q3 Indian results.

Lot of fighting going on and perhaps Allenby just got caught in the middle. Perhaps(doubt it) Allenby will take back their resignation, but I reckon we'll get a new Nomad and business will continue. That is the immediate problem and we have until Mar 23rd to solve it. As Smithie would say, IMHO

[smithie6] 04/2/2016 08:44

Even now still no one willing to support the 51% holders ?

imho they are the ONLY hope for shareholders