Plasmon plc Share Discussion Threads

[spinvest] 26/6/2020 00:11

Thread Title needs no introduction; "PLM means Police Lives Matter,

I'm looking forward to seeing all the snowflakes, millenials, Liberal Elite, Civil Rights Campaigners, Kier Starmer (why is he a knight?) Jeremy Corbyn, Russell Brand and their ilk parading through the centre of london with placards proclaiming that Police Lives Matter.

[timtom2] 07/10/2008 21:27

Thanks mikey.

[mikey_b] 07/10/2008 21:01

Commiserations to all holders. Hope you didn't get too badly burned, times are bad enough.

Good luck moving on.
Mikey.

[gnnmartin] 07/10/2008 18:28

Now in receivership. A shame. I guess the company (ie product & workforce) might survive, sold for less than its debt. Nothing for we shareholders though.
Nigel Martin

[29palms] 29/9/2008 23:20

As a follow up to my last posting--

RIP

[aquilla] 29/9/2008 13:18

I didn't see any future in the company and said a while back that I'd sold out (for a pittance) and this was the response:

greedfear - 5 Sep'08 - 10:34 - 2065 of 2090
You're out. I've added. Worth the gamble 30%-40% loss if the deal at 0.25p goes trough. If some other player steps up the plate? Who knows 2p, 3p, 5p?

It gives me no satisfaction to see the company going under and commiserations to all who were still in.

[cyberpost] 29/9/2008 09:21

comiserations..


Statement re Suspension (Plasmon)


RNS Number : 5260E
Plasmon PLC
29 September 2008


Plasmon Plc
Update

On 5 September 2008, Plasmon announced that it had continued its marketing exercise with a view to securing additional debt or equity capital and that it had not received commitments from potential investors that the Directors considered immediately necessary to fund the business and its ongoing working capital requirements.

The Company also confirmed that it had received an approach from a US-based technology private equity firm at an investment value of some $25 million and at a net price payable to shareholders of not more than 0.25 pence in cash per share, and confirmed that it was in preliminary discussions which may or may not lead to an offer for the entire issued and to be issued share capital of the Company. The
investment value included a significant injection of new funds to enable a major restructuring to be completed. Given the absence of other financing options, and given the Company's financial position, the Board concluded that such a
sale was the best viable option for the Company.

The Company now confirms that these discussions have terminated. In the circumstances, Plasmon has requested, and the FSA has confirmed, an immediate suspension of the listing of the ordinary shares of the Company on the Official List of the FSA.

[mikey_b] 23/9/2008 10:49

still needs a huge % to cover the spread though.

[greedfear] 23/9/2008 10:34

Yes it does. Keeping my eye on this one from now on. Might add if I get the impression that there's another buyer out there besides that vulture private equity fund.

[mikey_b] 23/9/2008 10:31

looks like it doesn't it

[greedfear] 23/9/2008 10:28

Interesting: 500k bid now @0.25p. And while I type this someone put in a bid @0.3p. Something brewing?

[greedfear] 23/9/2008 10:24

Over 2 million shares has traded at an average share price of 0.41p. Might there be another interested party in Plasmon? Willing to give us shareholders more than the ridiculous 0.25p. I'm thinking 2p+ here.

[mikey_b] 22/9/2008 16:19

Up 30% + in the chart.

Buy/sell 0.49/0.15 on IGIndex right now.

[cowyed] 09/9/2008 14:01

I won't comment on the BR Pension Fund because that would make no sense.

Let's not forget, the 'purchase price' is no more than about £500K. The rest of the 'value' is obviously the assumption of the debt, which will doubtless be 'renegotiated'.

To be honest, if you are a creditor of this company, I would be increasing my provision for bad debt.

An expectation - the technology will be 'sold' at an apparent value (not that much of that will appear to the other creditors), leaving a shell owning only debt and then the whole thing will be wrapped up banking, as was said before, a massive tax 'loss'.

Bye bye. Shareholders have taken the pasting over the years, now it's time for the creditors. Take the money now, if it's more than your dealing costs.

All just my opinion of course and totally legal. I wouldn't possibly imply that anything is underhand.

Regards

[gnnmartin] 08/9/2008 18:56

Just a glimmer of hope. British Rail pension fund are buying (if I understand today's RNS correctly), so perhaps they think there will be others interested in picking up the company for a little bit more than nothing.
Nigel Martin

[ravenna23] 07/9/2008 22:31

Unfortunately I dont think that is how this one will work. Hanover & Invesco/Perpetual will have been asked for more money in July, and obviously refused. Faced with a choice of liquidation or 0.25p they have a duty to their investors to accept the cash.

[greedfear] 07/9/2008 10:06

Invesco Perpetual (29% shareholder) and Hanover Investors (25% shareholder) invested some 5.5 million GBP in Plasmon just last march/april 2008. If a cash offer of 0.25p per share was to be accepted they would only receive some 140,000 GBP of that march/april 2008 investment. I don't think that's acceptable to them. I don't think that they're willing to hand out a parachute to the management of this crashing plane. The same management that -by the looks of it- f..... them royally march 2008.

It ain't over till the fat lady sings.

[kammi1] 06/9/2008 13:19

Does not look very good.Hope henover who have lot more invested in this company see that the managment is hell bent on destroying shareholder value.Practically give the company away to another and keeping there JOBS.We the shareholders will have the final word.I would rather loose the lot, and see this management team be out of a job then except a nominal offer.
p://www.ft.com/cms/s/0/9b5ef31e-7b76-11dd-b839-000077b07658.html
Kammi

[still waiting] 05/9/2008 16:55

legalised theft, that's all it is.

[rhiannon] 05/9/2008 15:10

Greedfear check out what happened at YOO. These things CAN AND DO HAPPEN.wdik

[greedfear] 05/9/2008 15:09

MM's trying to scare the market. Large sell 1,000,000 at 0.25p just went by, giving the impression large shareholders are stepping out imo. Won't work with me....

[greedfear] 05/9/2008 15:07

Surely the large shareholders won't or can't accept this! This deal would practically mean that current shareholders would GIVE AWAY 22 million of the value in the shares to guys that MIGHT invest some money into the company. But then again they might not and just sell out and cash the 22 million we just gave them for free. Either way if they invest in the company we lose because we've practically given away the farm. We'll get a lousy 600k in return for 23 million value.