Pressac Share Discussion Threads

[alikan] 14/4/2005 10:33

what happens if Pressac de list and then continue to trade as private co? Do shareholders still hold shares and how would you trade them?
Alik

[mcfctrader] 14/4/2005 09:56

Liquidation equals 0p for shareholders - that I understand.

But for a simple delisting should the current holders not be offered some crumbs?

[fusebox] 14/4/2005 09:27

puguly...im afraid you are right...

In actual fact its likely the disposal of assets may not even repay all the debt.

But in any event shareholders are always bottom of the list. Bad day im afraid.

[milacs] 14/4/2005 09:11

So TT get what they want out of Pressac for next to nothing. That was the whole idea of putting their people in directorships in the first place. What a rip off for investors in this company.

M

[pugugly] 14/4/2005 09:04

mcfctrader:- imo No

- Subject to the terms of the debt - Possibly a sell down of assets to repay as much debt as possible and then possible liquidation - Remember shareholders are at the end of the line when it comes to liquidation payout. All imo and dyor.

[mcfctrader] 14/4/2005 08:58

Will they not need to buy current shareholders out?

Even at 1p per share?

[fusebox] 14/4/2005 08:25

The purpose of these bbs is put info out that will ultimately help everyone and in fact give due warning in some courses in order for shareholders to get out of a bad situation.

No option now if investors dont get out they are completely stuffed how hard that will be now the co has indicated it will delist.

[jelfsie] 14/4/2005 08:15

Jeez. Talk about shutting the door after the proverbial horse has gone walkies. Say something useful please. Also have some compassion for many small investors who have lost a packet on this one (refer the proper PRSC thread that has been tracking the company for over 2 years).

[fusebox] 14/4/2005 08:08

On the cards wasnt it. A delisting wont stop the co going bust neither!

[adon] 14/4/2005 07:50

end of the line for shareholders. the directors though did give us we had plenty of warning.

[double6] 14/4/2005 07:12

Get ready for the fall!

[fusebox] 12/4/2005 17:21

Co delisted!

[jack.f] 09/4/2005 00:34

We should have the announcement about the financing arrangement before the final results, which at this stage is more important than the final results or maybe we will get the lot on the same day. 2004 will not be good however I was hoping for a positive statement/outlook for 2005 and 2006 but I have given up trying to predict anything with this company. Let get the prayer book out and start praying.

[empirestate] 08/4/2005 23:56

i am getting bloody nervous as the stats are 2 weeks away

[miamisteve] 07/4/2005 20:36

The m&s ruling today on offsetting foreign losses for tax purposes could have huge implications for pressac.

[farsight] 05/4/2005 14:07

How you doing guys? It's not good to hear talk of delisting and "no known reason for recent share price rise"... to thruppence. Jeez, and to think I made a grand or two when I bought at twenty something and sold at thirty something. I guess with experience you get better at spotting the signals. I look out for when the RNSs always seem to be bad news, even when there's profits coming in, and reckon it's down to cosy chats between directors and creditors that somehow seem to end up with shareholders losing out.

[salpara111] 05/4/2005 13:56

Well I guess that if Rover go to the wall then that really will be the death knell for PRSC and probably several other companies like them.

[hylas] 23/3/2005 14:13

Nice little 90% profit in three days !

[miamisteve] 23/3/2005 13:35

if taking profits ...lol... not quite yet

[londonmetro] 23/3/2005 13:13

nice rise today if taking profits..... pcm worth a look at these low prices and more chinese venturses on the cards can see these moving up imho shortly.

[partner] 23/3/2005 12:46

Would be nice if TT decided to bid,plus interest from vc co's,might allow some of us to get our money back.

[cg1953] 23/3/2005 12:22

we live in interesting times,
but it will be nothing short of a miracle if we have a competitive bidding situation.

[clond] 23/3/2005 10:41

kill a share with a spread !

[empirestate] 23/3/2005 08:32

up a tad nice and early