Matra Petroleum Share Discussion Threads

[supertedsmith] 03/9/2016 14:44

What if they are looking to sell

[beggarman] 03/9/2016 13:18

If there are no developments before the year end and they have sufficient funds to make the loan repayment, I see us just plodding on for another year.

However, the critical point is, will they re-appoint auditors at the AGM which has to be held before the end of the year? They didn't re-appoint auditors last September because they thought they had a deal but when that didn't happen they had to hold a second AGM in February 2016.

So the next big clue will be the AGM.

[supertedsmith] 03/9/2016 12:47

So Beggarman how do you see this playing out if company not wound up before end of year

[calmtrader] 02/9/2016 14:21

super sorry i'm to busy drilling oil to respond

[beggarman] 02/9/2016 13:19

There is a lesson for all shareholders with the case of Matra plc. In the past, I have often heard shareholders say about a company that the management have no money invested in the way of shareholding, therefore there is no incentive for them to drive the business forward. In the case of Matra plc the management had a large shareholding 29% at one point and their focus was on reducing their exposure rather than developing the company.

[supertedsmith] 02/9/2016 13:07

Surely you are not accusing them of skullduggery are you ?Calm where are you when they need you - get cracking come up with some lame excuse

[beggarman] 02/9/2016 11:45

Had they filed the 2014 accounts by the end of June 2015 and held the AGM in early July 2015, they were concerned that one of the shareholders may have started asking awkward questions about the Fireeast involvement. This was also the case when the AGM was actually held in September 2015, they had to hold an AGM by the end of 2015 by law but chose to hold it before filing the accounts to keep shareholders in the dark about Fireeast. They were probably expecting to either sell Matra USA or complete a merger during 2015 before the accounts were filed, obviously we wouldn't have been interested if we had received some money for our shares.

[supertedsmith] 02/9/2016 10:57

Beggarman It's obvious they are working together

[beggarman] 02/9/2016 09:34

If we could prove that Winpro/Fireeast are acting in concert they would be controlling 37.94% of the company. Therefore under the takeover panel rules because they control more than 30% of the company they should have made an offer to Tricon and the other shareholders in October 2014!! Don't forget they already have their money back, so they can sell Matra plc for a pittance and still make a profit or just put it into administration.

[gilly9] 02/9/2016 09:23

All we can do is wait and see,some things got to give before long!!!

[beggarman] 02/9/2016 09:19

Gilly - The more digging I do about this lot the more I believe Ted has a point. Why did they change the year end date and why did they hold an AGM in September and then file the accounts in December? That was all to do with the involvement of Fireeast, which they didn't want us to know about.

[gilly9] 02/9/2016 09:01

This guy is delusional!!!!!

[supertedsmith] 01/9/2016 15:28

Doug

Calm is a paid Matra employee trying give impression that all is ok.d
Be careful about trusting anything he says

All of course IMHO

[dougal18101947] 01/9/2016 13:25

Budgetbond/calmtrader why are you so confident in Matra what do you know we don't see.

[calmtrader] 01/9/2016 13:16

bitcoin i'll bid you 0.025 for your 530k if of any interest

[supertedsmith] 01/9/2016 09:50

Just like our so called Matra employer calm you are all talk If you believe in Mara then you should have no hesitation in buying All talk as usual

[budgetbond] 01/9/2016 06:49

I wasn't offering 0.35, I was asking if that was what you expected for them

[supertedsmith] 31/8/2016 21:34

Budget

0.35 - tad deranged on your part .
Even honest upstanding morally upright and generally good egg Vlad lensky was offering me IN EMAIL only 0.2 just after delist and before oil crash

Tad risky

[beggarman] 31/8/2016 20:33

I was just looking at it from a cost perspective, if they use brokers there will be commission to pay plus stamp duty. If bit coin already holds his shares in certificate form then it will only cost them stamp duty.

[bit coin] 31/8/2016 20:30

Thanks Beggarman and calm- if Budget is up for it I'll set the ball rolling!

[calmtrader] 31/8/2016 20:24

Beggarman they should be able to do it electronically the same as when we bought through Jenkins surely

[beggarman] 31/8/2016 19:41

budget/bit coin - If you are planning a private sale I think you may need the shares in certificate form. The process is, first obtain a J30 stock transfer form (from the internet) and the seller to complete it. Then send it to the stamp office in Birmingham as there will be £10 stamp duty to pay (£1855 * 0.5% rounded to the nearest £5). Then send it to the company along with the share certificate, the company should cancel the share certificate and issue a new one for budget and also update companies house. I would suggest Ben Harber is your best contact as company secretary. Hope this has helped.

[bit coin] 31/8/2016 18:11

yes - we can arrange a private bargain - just needs facilitating through an authorised medium that will involve a fee.

[mikeygit] 31/8/2016 17:44

All this talk of selling shares---but we cannot deal in their shares at present--can we???

[bit coin] 31/8/2016 17:40

budget - you can have my 530K at .35p