Maple Energy Share Discussion Threads

[cantrememberthis2] 05/1/2015 11:54

Think I cracked it, think I know why all previous DEALS have failed...

This is a guess - ACC Capitals and their fund were the issue
MPLE owed them $20m as of Dec 13

So whatever deal was to take place meant there was an outstanding requirement to address the investment made by maples with the B shares.

In the end defaulting allowed MPLE to get rid of this debt obligation by the Senior Lendor buying up their total convertible shares for $750K rather than getting Maple to pay $20million plus+ read

hxxp://www.maple-energy.com/downloads/Preferred_Stock_update_18Mar2014.pdf

Tells you a great deal.

Now this has been squared away and agreed this is no longer an issue when it comes to selling the business to third parties?

This seems to be a carefully orchestrated event that was necessary to remove some of the debt burden...

Could get interesting now with previous offers who could return...?!!!!

[cantrememberthis2] 05/1/2015 11:24

Cant see why this remains suspended, surely it should simply be delisted.

Security of the company is now in the hands of the Lenders.

Oddly enough if the shares were WORTHLESS there was no obligation for the Senior Lenders to pay $750K for their holdings of convertible shares?!

Why pay for convertible shares if there is no value in equity shares?

They were entitled to have a cool few million shares (converted) which have been valued at just under 3.5p per share - ODD, when this was last trading at roughly 1.5p...

Cannot understand why the lenders didnt simply write off the convertible shares

[vauch] 02/1/2015 19:00

no plant up and running so no point in harvesting

[cantrememberthis2] 02/1/2015 16:42

Awaiting like all, also how goes the harvest one would think...

[vauch] 02/1/2015 16:15

no more news about this co

[cantrememberthis2] 22/12/2014 21:45

Id interpret the latest RNS as semi-good news.

The Senior Lendors havent forced this into administration.

The SL will pay over £650K for the few months ahead...

MPLE forced to sell gas subsidary perhaps...

No Admin though

...........

If they can get some offer soon share price could revert to a gap up 5p :)

[vauch] 22/12/2014 15:41

Looks as if the Japs have got this one on the cheep

[maytrees] 22/12/2014 14:45

I only hold a tiny few MPLE shares but was still interested in today's RNS. If nothing is going to be left for shareholders would not liquidation proceedings now be under way?

Not much would still be better than nothing!

[philfromfrance] 11/12/2014 08:27

RIPped off eh?!!!!!!!!

[simon8] 09/12/2014 08:37

Dead duck, investment gone, it will be stripped to repay debts with nothing left for shraeholders. BoD should all be struck off for this.

[sven2006] 08/12/2014 20:43

All finished then best move on.....

[vauch] 05/12/2014 18:40

Do they have other assets in other country's apart from the ethanol.

[vauch] 05/12/2014 15:37

I suppose the news will be well after close again today

[vauch] 04/12/2014 20:58

Was the plant not shut down for service work, I bet that has not happened either.

[vauch] 04/12/2014 20:24

nothing will be acceptable to the management as the first offer was as good as it was going to get, I can only conclude that the co has something to hide and pulled away and I think this is why they are trying to trash the co a first class case of mismanagement.

[simon8] 03/12/2014 11:10

In a fire sale all lenders will be interested in is covering as much as they can, net assets worth $321 is meaningless in this context, they are worth what someone will pay for them which may not be a lot. if lenders do go route of forcing assets sale to cover debts then I can't see anything being left over for shareholders... it is the worst case scenario.

[bad robot] 03/12/2014 10:09

huh?

shafted? you buy a bankrupt company in a deluded hope and you think you are being shafted out of your money?