Marinetrack Share Discussion Threads

[officerdigby] 04/9/2008 23:01

It could simply be a jiggle for stop-gap working capital.

Still they would of had to find buyers.

Well this listing almost defies logic - given the apparent expense of it. I wonder how much cost of the circa £350,000 to write these clauses and paragraphs that meaning nothing on the field. LOL.

Anyway things are poised to happen here or they are not.

[mike111d] 04/9/2008 22:37

OD, I could not find any further definition in the document as to what these circumstances were when out of curiosity I looked a few weeks back.

[officerdigby] 04/9/2008 22:30

Davew,

I think I understand that we wouldn't see the JH/PH/Billam sale as the shares were never turned, rather what we saw was the buy at 0.15???

So there is a period of time b4 you see who is the buyer.

Lock-in Agreements
David Elstein, Lord Steinberg of Belfast and the members of the Concert Partywill, following Re-Admission, in aggregate, have an interest in 68.60 per cent. of the Enlarged Share Capitaland have given undertakings to Grant Thornton and to Dowgate not to sell, charge or grant any interests over any Ordinary Shares held by them (subject to certain exemptions) during the 12month period commencing on Re-Admission except in certain specified circumstances. In addition, they have undertaken to Grant Thorntonand to Dowgate not to dispose of any interest in Ordinary Shares for a further 12 month period unless they consult with the Company's broker prior to any disposal and to make any such disposal through the Company's broker in order to maintain an orderly market in the Ordinary Shares. Further details of the Lock-in Agreements are set out in paragraph 11 of Part VI of this document.


(paragraph 11 of Part VI)
11.5 Lock-in and Orderly Marketing Agreements

The members of the Concert Party together with David Elsteinand Lord Steinberg of Belfast have entered into agreements with the Company and the Broker under which they have each agreed not to dispose of any Ordinary Shares for a period of 12 months following Re-Admission except in certain limited circumstances including in the event of an intervening court order or pursuant to the acceptance of, or execution of an irrevocable undertaking to accept, a takeover offer in relation to the Company's share capital from an unconnected third party offer or whether announced or not, and for a further 12 months not to sell except through the Broker (or other broker to the Company) in the period of 12months following the initial lock-inperiod, provided that the Broker (or such other broker) offers competitive terms.


Make of it what you will but apparently the certain limited circumstances rule has kicked in to allow JH/PH Billam to sell.

[td74] 04/9/2008 14:28

What does this mean?

Does this imply that there is a lot of demand for the share as if this was the case why the drop from 0.5p when trading commenced?

Sorry for the noddy Q?

Or is there demand in the market which is why these shares were sold to allow someone to pick up the 33M?

Thanks
TD74

[officerdigby] 04/9/2008 14:21

LOL so much for the concert party.

[davew28] 04/9/2008 14:07

The 33m sell below, but who was the buyer. Surely a follow up RNS required?


RNS Number : 7637C
Marinetrack Holdings PLC
04 September 2008


MarineTrack Holdings Plc ("the Company")

Holding(s) in Company

On 3 September 2008, the Company was informed that, in order to meet market demand, Mrs.
Jemima Hoskins, had on the 3 September 2008,
disposed of 25,442,636 ordinary shares in the Company, at 0.15p per share. Mrs. Jemima
Hoskins no longer has a notifiable interest in the
Company. The Company was also informed that, in order to meet market demand, Billam AG, on the
3 September, disposed of 7,557,364 ordinary
shares in the Company, also at 0.15p per share. Billam AG retains 88,940,757 ordinary shares,
representing 13.9% of the Company's total
voting rights.



MarineTrack Holdings Plc
Stuart Nicholls 01273 462 001

Grant Thornton UK LLP
Colin Aaronson 020 7383 5100


This information is provided by RNS
The company news service from the London Stock Exchange

END

[td74] 04/9/2008 12:01

Thanks Knowing,

Will look back. Is this all on the marinetrack website?

Cheers
TD74

[knowing] 04/9/2008 11:57

TD you have to go baack to the pre launch announcements made by ZYZ where it stated the company was tendering for a very large contract in India for vessel tracking.

[td74] 04/9/2008 11:37

Betman,

The rise was 42% odd. Ticking p again today. Surely something going on but no one seems to know much about the Co or not attracting much interest.

Let's hope it starts to tick up gradually and see.

Knowing, can you add to the Indian contract mentioned please?

Thanks
TD74

[betman] 04/9/2008 11:30

The 33 million shares traded Wednesday at 0.15p which was the bid price at the time. So who sold and who bought ? Now 0.2p to sell so nice 33% in day !!

[td74] 03/9/2008 13:12

Hi Knowing,

Please expand as was originally in SOP!! so not much known here apart from the website.

What is the Indian contract about. I did see a large buy today.

Cheers
TD74

[knowing] 03/9/2008 13:03

Wonder if they landed the Indian contract.

[td74] 03/9/2008 13:01

All (Wenlynn >:o)),

Great big purchase today could it be a party looking at buying up a big stake? 33M shares??

Nice tick up as well. Few more of these would be great.

Any idea what is going on here?

Cheers
TD74

[wenlynn] 30/7/2008 16:34

TD74,
Go to the ZYZ bulletin board.
Everything you wanted to know.

[td74] 30/7/2008 15:40

Thanks Wenlynn,
Do you have any idea as to the growth potential of the company?
Thanks
TD

[wenlynn] 30/7/2008 15:13

www.marinetrack.com

[td74] 30/7/2008 13:03

Hi,
Is there a website where I can see history on company. Such as Marinetrack contract/revenue opportunities etc.
Thanks
TD74

[wenlynn] 29/7/2008 08:56

Good luck to Marinetrack and all those who sail in her.