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Syqic Share Discussion Threads
Showing 1126 to 1150 of 1150 messages
|I missed the roadmap reference as well.
Although any use of the word 'roadmap' pretty much puts the scuppers on it imo ;-)
Its in my list of 'sell' triggers, along with 'challenging', 'strategic review' and the rest.
(I'd put my bets on someone having exercised a roadmap to riches here at shareholders expense though.)|
|AGM set for 21st December, could get tight on the timing..!|
|Appreciate your thoughts, some of the most sensible posted on here...|
|chrisdgb, difficult to know given the lack of transparency over the receivables.
I guess if I was Cotterell I'd be trying to raise enough to enable the company to be described as 'a going concern' & hopefully remove the suspension. That wouldn't take much, a few million I suppose & he might be able to organise that before the end of december. Of course that would only be a stay of execution.
Can't really see anybody putting any serious money into this unless acounts clarified and of coure we now know the CEO is not to be trusted. Could get a punitive loan/share dilution from a predatory VC company I suppose.
Looks like the CEO has completely out-flanked the rest of the board & shareholders, doesn't say much for the Chair's abilities does it. Think they should have put us out of our misery & accepted the low ball offer, whatever that was.
|Any views on how much cash we think they need to raise..??|
|chrisdgb - 1077:"the overdue payments now have a clear roadmap of monthly payments for the rest of this year and into 2017"
I obviously missed that! What I read in the last RNS was as follows
"The financial statements for the year ended 31 December 2015 contained a qualified audit opinion as the Company's auditors were unable to obtain sufficient audit evidence to assess the recoverability of the Company's trade debtors. Additionally, the audit opinion for the year ended 31 December 2015 included an emphasis of matter as the Company's ability to continue as a going concern is dependent, inter alia, on the collection of trade receivables and its ability to raise additional funding. As a consequence, the Company's shares remain suspended from trading on AIM."
yump: "This will be likely be delisted on 28th Dec. No evidence to suggest that anything else will happen. Also its very dodgy that nobody seems able to assess the likelihood of the receivables being received."
A much more realistic view and this still appears to be the most likely outcome.|
|This will be likely be delisted on 28th. Dec. No evidence to suggest that anything else will happen. Also its very dodgy that nobody seems to be able to assess the likelihood of the receivables being received. Which makes you wonder exactly who really owes them and at what actual level, because they are supposed to be large telecoms operators. How invisible can they be ? Syqic supposedly managed to do plenty of business with them. So did they just write I-owe-u's on a bit of paper and Hassim said 'OK' that's fine.
The whole thing stinks.|
|Despite the knocking from certain people, maybe a fundraising is the best idea, the overdue payments now have a clear roadmap of monthly payments for the rest of this year and into 2017..
This is a business suspended on less than 2x eps........
Yes, the bid falling away is disappointing but I want to fight for it...|
|or it goes bust and the directors pick it up for a song out of administration....happens far too often....why bid 10,20,30p when you can pay next to nothing....hope that doesn't happen and that it gets reinstated etc......DYOR and IMO...shame NEDs could not agree a price. Barmy given its position..|
|Incidentally an AGM is long overdue.|
|What would be nice would be to have a frank statement from the independent directors about the level of the bids and where we go from here. There seems to be a strong case for appointing forensic accountants. The current auditors have a very mixed track record elsewhere. Above all the secrecy around what is going on needs to be lifted.|
|Jamal isn't going to buy the company. So what happens next ?Hopefully a lifting of the suspension and shares start trading again.|
|Back to the company, I see we have the deadline today, with no announcement thus far..........?????????????|
|Thank you Mas for your pearls of wisdom. Somehow I feel thet are not appreciated here.|
|Nothing to do with "smugness" (see #1032) or being "goulish" either (see #1011). Investing is all about a calm and rational approach and we all get it wrong sometimes. When that happens it is always best to try and recognise how and why we got it wrong, learn the lesson and move on. To resolutely keep posting ridiculous claims and one line slogans, like chrisdgb constantly does, only demonstrates foolishness and desperately clutching at straws rather than recognising the reality and learning from it.|
|Agreed, 'Smug Guy', would be a better name for him..........|
|Mas,we have got your point,you brilliantly got out, Your comments are a bit ghoulish. What other reason do you have for being here ?|
|LOL - it must be nice living in your head with Peter Rabbit and the Tooth Fairy!|
|I think you missed the zero, as in 20p per share.........|
|This is totally unlikely to ever relist. If an offer is ultimately made it will be for pennies - probably circa to 2.5p per share, which is equivalent to the outstanding £650K loan made by Hassim. Otherwise it will just go into administration. Either way, there will be no return for external shareholders.|
|Hopefully an offer is reasonably close......|
|"I have e mailed the IR to push for a fund raising if bid fails"
RLOL - why on earth do you think that they haven't tried that already?|
|I have e mailed the IR to push for a fund raising if bid fails...|
|Allenby raised £5 million for this rip off.Conspicuously silent over the past year.|
|Yes,I see he is the only one mentioned. I think Robb,with his very questionable background is being pushed under the carpet to give the whole thing an aura of respectability. You may be sure he is lurking in the background.|