Evchrgingaccgbx Discussion Threads

[knowing] 07/3/2008 11:25

Re Agreement for Rescheduling of Loan Terms & Issue of Equity




ELEPHANT LOANS & MORTGAGES PLC

('Elephant Loans' or 'the Company')

Rescheduling of Loan Terms, Issue of Equity & Notification of Significant &
Directors' ShareholdingsDate: 07 March 2008 The Company is pleased to announce that it has agreed terms with Trafalgar
Capital Specialized Investment Fund, FIS ("TCSIF" or the "Lender"), its
principal lender, to extend the term of the loan and defer capital repayments.This will improve the Company's cashflow during the current tough trading
conditions within the sub-prime mortgage and loan market.
Under the revised terms of the loan, principal repayments will commence on 31
December 2008, at a rate of £15,000 per month, plus a redemption premium of 15%
applied to each principal repayment. Sixteen such payments will fall due on the
last day of each month, followed by a final payment of £10,000, plus a 15%
redemption premium, payable on 30 June 2010. Interest remains payable on a
monthly basis at a rate of 10% per annum. The loan becomes repayable in full in
the event of the Company undertaking a Reverse Takeover as defined by the AIM
Rules. Trafalgar has been granted an option to reinstate the original terms of
the loan at any point between 1 August 2008 and 31 December 2008 unless the loan
has been repaid in full by 31 July 2008. Trafalgar has been allotted 4,635,797
new Ordinary 0.03p Ordinary Shares in compensation for the revised terms. An
application has been made for these shares to be admitted to trading on AIM on
13 March 2008.
Following the allotment of the above new shares, the Company will have
403,565,123 Ordinary 0.03p Shares in issue. The holdings of directors are as
follows:Name Shares PercentageGary Miller-Cheevers 167,000,000 41.38%
Simon Hargreaves 4,000,000 0.99%There are no shareholders, other than Mr Miller-Cheevers who holds over 3% of
the shares of the Company.For further information please contact:Elephant Loans & Mortgages plc T: 020 8892 2777
www.elephantloans.co.uk
Gary Miller-Cheevers, Chief ExecutiveBlomfield Corporate Finance T: 020 7512 0191
Nick HarrissSVS Securities T: 020 7638 5600

[john hampton] 06/3/2008 08:08

Simone Hardgreaves coming on board and paying 0.375 is a good move, should see these start to move higher once all teh doom & gloom is over in the sector. One to tuck away & forget about for a while. I'm holding a few thousand's £ worth of these.

[grlz] 28/2/2008 16:46

now Don Hammond has jumped the sinking ship.... glug, glug, glug..

[john hampton] 22/2/2008 10:57

Knowing> You just passing through or do you actually have any of these, the other day you said no, a week ago on another thread you said you did?

[knowing] 21/2/2008 23:50

Do you have any friends John?

LOL

[john hampton] 21/2/2008 16:06

Looks like some action has started, not sure if its to do with the placing?

Anyway, a long road to recover starts here I think, this one is high risk but by all accounts should do well according to my friend.

[knowing] 18/2/2008 23:22

Need to shake out the rest of the sellers before I would touch this John.

[john hampton] 18/2/2008 16:34

What no posting today knowing, bet that was you selling out 150k today? lol!

[knowing] 15/2/2008 23:29

LONDON (Thomson Financial) - Elephant Loans & Mortgage PLC said King Asia
Investments Ltd has disposed of a 22.10 pct stake in the company after selling
79,908,019 shares to certain private clients of Saint Paul's Capital Ltd.
Following the disposal, King Asia no longer holds a notifiable interest in
the company.
On Jan 28, King Asia bought the shares through a placing at 0.48 pence a
share. The placing was arranged by Saint Paul's Capital and generated proceeds
of 210,957 stg for Elephant.

Then the next day


The Company is pleased to announce that it has completed a placing of 26,666,667 new Ordinary 0.03p Shares at a price
of
0.375p per share, (the "Placing") for a total value of £100,000. The Placing was arranged by Saint Pauls Capital
Limited.
The net proceeds to the Company are £60,000 and will be used for general working capital proceeds. Following the
allotment of the new shares, the Company will have 388,262,659 Ordinary 0.03p Shares in issue. The shares have been
placed with King Asia Investments Limited, ("KAI") which gives KAI a holding of 6.87% in the Company. An application
has been made for the shares to be admitted to trading on AIM on the 21 February 2008.


Bit bloody strange if you ask me.

[grlz] 15/2/2008 15:49

lol if their placing to get net £60k then they really are in trouble - can't they pay the water bill this quarter to keep the toilets flushing as thats were all the shareholder value has gone..

[knowing] 15/2/2008 00:16

Is this you John ?

[knowing] 14/2/2008 23:13

John are you still sure ?

[knowing] 14/2/2008 14:49

So you are pretty sure then !

[john hampton] 14/2/2008 14:48

as sure as can be sure as can be sure ;-0

[knowing] 14/2/2008 14:47

Are you sure John...real sure ?

[john hampton] 14/2/2008 14:46

Sorry I've been out

L2 same as earlier in the day

3 (125k) v 1 (15k)

I don't think we will see any fireworks in the short term but I've got in at what I reckon is the bottom or near the bottom as a long term recovery play.

[john hampton] 14/2/2008 10:29

not me knowing ;-)

[knowing] 14/2/2008 08:29

That you buying again John?

[knowing] 13/2/2008 23:21

Halleuyaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaah

[john hampton] 13/2/2008 23:19

Always a good sign when one of the disciples buys in!

Holding(s) in Company




ELEPHANT LOANS & MORTGAGES PLC

Holding(s) in Company

13 February 2008Elephant Loans & Mortgages plc (the 'Company') was informed today that King
Asia Investments Limited (`King Asia') has disposed of 79,908,019 Ordinary
Shares in the Company to certain of Saint Paul's Capital Limited's private
clients.
As a consequence of this disposal King Asia no longer holds a notifiable
interest in the Company.
For further information please contact:
www.elephantloans.co.ukElephant Loans & Mortgages plc T: 020 8892 2777
Gary Miller-Cheevers, Chief ExecutiveBlomfield Corporate Finance T: 020 7512 0191
Nick HarrissSVS Securities T: 020 7638 5600
Ian Callaway

[knowing] 13/2/2008 16:04

.37/.4 with 250K vs 150K

[knowing] 13/2/2008 15:20

Nice new log in. Seeing as I don't hold who gives a flying f ;-)

[evalongoria] 13/2/2008 15:03

Bust - how soon? cos of credit crunch