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Share Name Share Symbol Market Type Share ISIN Share Description
Adams Plc LSE:ADA London Ordinary Share IM00B986V543 ORD GBP0.01
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.0% 11.50 11.00 12.00 11.50 11.50 11.50 8,693 01:00:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Real Estate Investment & Services 0.0 -0.3 -0.3 - 5

Adams Share Discussion Threads

Showing 2626 to 2648 of 3250 messages
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DateSubjectAuthorDiscuss
28/9/2007
17:28
Had a chat with Corfin this afternoon to clarify a few matters. The main point to come out of it was that the company have directors liability insurance in place. That is what they were referring to when they said they would try and recover some of their legal expenses. I asked how much cover they had on this policy but Corfin weren't exactly sure. I asked would the cover extend to any fine that may or may not be forthcoming. He said the company would try and reclaim any potential fine from the insurers if the directors rather than the company were found liable. He couldn't really explain how the FSA decide whether the directors or the company are responsible. The company do have the right to appeal against any decision the FSA make. I would guess the company would be very reluctant to do so due to potential lengthy delays. The company is likely to pay up and then go about returning cash. If a claim can be made on the directors liability insurance then that will proceed in tandem. The procedure for liquidating assets will involve Israeli courts as the company is registered in Israel. Asked about a timescale I was told anywhere between 3 weeks and 3 months. It will depend on when they can get a court date pencilled in. I think its positive news that any potential fine may be recoverable. I would find it strange if shareholders were punished for directors behaviour rather than the directors themselves. Hopefully we will get a resolution one or another soon.
nickcduk
28/9/2007
13:15
They will use the 12 months limit they did get at full. The Company announces that in conjunction with the ongoing cost-reduction in operations, Mr Shailendra Jain's service as chief executive of the Company has been terminated with immediate effect. What? Only now, wasn't it Mobixell that took over almost every employer starting the first day after the deal was done? So the shareholders did pay him till now..... Is the Senstream option delution now actually solved? Because there was a clausule that the former Sensastream employers will receive 1000.000.$ in shares of the company if the necesary revenues where made. f. One of the Company's former employees filed a claim in the Labor Court in Israel for a total amount of approximately $53.000, claiming the termination of his employment was negotiated in bad faith. The Company filed a statement of defense rejecting all his claims and allegation. A hearing is schedule to take place in January 2008. So they acually found a way to consume even more cash of the little that is left. As I said when the deal was donne: they left the liabilities for us to pay. LIABILITIES AND EQUITY CURRENT LIABILITIES: Trade payables $8000 Employees and payroll accruals $73000 Accrued expenses and other liabilities $639000 but took over the Other accounts receivable and prepaid expenses $729000 As of Sept.25th 2007, the Company had $23.9m in cash, cash equivalents and short-term securities plus $550,000 in escrow (from the Mobixell Networks (Israel) Ltd transaction). As of 12 April 2007, the Company's cash balances amounted to approximately $20,5m ($23,9m+$550000)-($20,5m+$5,5m sale to mobixell)= -$1550000 so they managed to lose another $1,55m after all was transfered to Mobixell, where did this money went to, to pay bonuses for them of some pockets????? Some lose can be from exchange loses but not $1,55m Everybody did calculate a cash payment of around 38pence a share, me with my 32pence a share was at that time very pestimistic, but it looks now more optimistic as the reality will be. Hoping for a cash distribution of 30pence a share at best, before the 18 April 2008!!! And then the shares that are still trading on the AIM market can be used for a reverse takeover of some company that want to get a low cost entry in to trading on the AIM market. This is always a lot less than the millions of costs this bring of a new IPO. So at best an other 3 till 5 pence this can bring for us. So 33 pence in total at best before april 2008. Do not think the curent shareholders will benifit of a fine against Emblaze or a part repayment of Emblazes profits they made by selling prior to the big share decline. BUT it is always something to hope for.....
eenmakkie
28/9/2007
12:47
nickcduk... it seems to me, that the issues of a capital reduction and the full company windup, are in fact quite seperate legal issues. It is the management that has chosen to blur the two together. Possibly because they honestly hopped to find a buyer for the whole. Though I still cannot fathom how such a deal could worth it to the buyer, unless at least part paid for with potentially worthless paper. Many folk probably assume that this whole process has being dragged out, because a scam of some kind is still on the agenda. Time will tell, but I for one won't discount that possibility... until I see the money...
katylied
28/9/2007
12:36
I think the key to todays announcement was they are still committed to returning cash. It had been suggested on here they were going to prop up other Emblaze companies. Thats clearly not the case. With an end in sight to the investigation I would hope they will be ready to react very quickly and return cash ASAP. I was pleased they didn't mention trying to get a release on some of the funds as it suggests they should be able to access the lot pretty soon. Fingers crossed.
nickcduk
28/9/2007
12:03
Katy, Agreed the whole FSA situation is frustrating and agreed also that if anyone were to be fined you would think it should be Emblaze (given that there were the ones to benefit from any insider trading IF THERE WAS ANY) I wouldn't draw conclusions yet though from the fact that it is Adamind, rather than Emblaze under investigation. The investigation has to center around Adamind to determine what was discussed when and by whom at Adamind board meetings. I don't think any of this precludes the FSA fining Emblaze or the director concerned. That all said I don't trust the FSA so it still worries me as a shareholder. I also have to pick up on nickcduk's comment "Todays statement is pretty clear. Cash will be returned to shareholders as soon as possible. Be cautious : I got a very clear vibe from the EGM back in April with very much the same message and indeed a suggestion that we were talking about a very few weeks. KatyLied's comment after that ".. but for all that, I would suggest caution and do not be too surprised if 2 months from now, very little has happened. " was a pretty good prediction (although you could as well have said nearly six months!)
gromley
28/9/2007
11:49
Complicated situation. ADA was actually an Emblaze subsidery until the events under investigation took place, the suspect ADA director actually an Emblaze appointment. Logically it should have been Emblaze that was investigated and potentially fined, but... never let it be said that the FSA ever ducked the opportunity to pursue an easier target. And at the end of the day, someone will have to pay for all their 'make work' jollies, 5-star lunches and other expenses...
katylied
28/9/2007
11:40
The fine would be for insider trading by Emblaze. If the company are exonerated then we obviously won't have to pay a fine. Not sure whether they will be though. It is difficult to prove these things and the FSA are hardly renowned for their competence. The whole affair has been a total mess with the only victims being current shareholders. I imagine that some disgruntled institution that had sold out prior to the Mobixell deal decided to stitch up current sharholders. Hopefully the end is in sight now though.
nickcduk
28/9/2007
11:28
What is the fine for ?
hotfinance14
28/9/2007
10:46
Todays statement is pretty clear. Cash will be returned to shareholders as soon as possible. I make it about 33.8p cash as of this week. Options will dilute the amount returned but I still think at least 30p is on the cards. The FSA investigation is close to being completed and we should hopefully get our cash back soon. Not sure whether ADA will get hit with a fine or not but if they do I imagine it won't be much more than 0.5m. It would after all be a bit silly to punish shareholders again.
nickcduk
25/9/2007
11:51
yeah but we accepted the sale of the "booming business" for a lousy $5 million, on the EGM, the most of us foted in favor for this rip off! So who are the stupid? They with pockets full of money? Or we with an declining share price with a big discount on cash level?
eenmakkie
24/9/2007
18:29
Maybe they can trow in a big party conference to discuss what they will do with the money, divide it over there pockets or buy a friendly company for a big premium, yeah, a reverse takeover should do it. A good way to spend some money..... or just pay that big party and reference it as nessasary "costs" for maximising shareholders value. anyway it hasn't been fun, to be in this shares,.... a good lesson I learned with this, maybe there ares till others that hasn't understand the lesson and put there money back in Emblaze for an other gamble... its like playing in the casino; you can switch from one table to an other but in the end you will loose all your money, thats why they make the casino's that's why Eli also did made all the spinn-offs and IPO's, he told it some time ago in an interview; The UK investors gave him a lot of money for all his IPO's that didn't have a lot of value. SURE BET!!!??? yeah, like putting your money on red and black at the same time, you CAN'T loose, except when the 0 or 00 comes out, the management of Ada did also something similar, you can not loose if you have only money at the bank that is worth more as the total value of the shares, but at this moment whe all lost 25% on our value. For What? the cash should be the same as before or NOT? The most of us where calculating a value of 35 till 39 pence a share neto cash some months ago! Look now, every body on the board now is hoping for around 30 pence a share, BUT THE MONEY AT THE BANK SHOULD BE MORE NOW THAN 7 MONTHS AGO WITH THE INTREST ON THAT MONEY. No costs anymore, so no money is lost(they let us beleave on the EGM when they wanted to sell the business) So why now the 30pence max. everyone is hoping for..... is this is continuing for the rest of the 5 months to go, the shares will trade around 15pence and everybody will then be happy with a reverse takeover of 23pence in paper money how do they manage to put sentiment so low when we are only speaking of cash at the bank that gets intrest every month. Back then, before the takeover everyone was speaking of buying the shares under cash level, but every month that passed the cash was lower because of the burning rate of the business, now we are almost at the previous bottom with (no burning of cash anymore) only intrest that makes the cash increase But now the share price is trading at the bigest discount against the cash level per share in all the history of this company! What is going on here?????? How stupid are whe to let this happen..... (I do not sell but haven't any cash left available to buy more, am fully invested in other stocks)
eenmakkie
24/9/2007
15:23
The cheapest cash, money can buy.....
deep powder
24/9/2007
12:47
I think its a pretty good time to be picking up some cheap ADA around current levels. They will be issuing their interim results this week and we will therefore have an update on how much cash there is left. We will hopefully have an update on the FSA investigation as well. News on the takeover front wouldn't go amiss either. Any of the above should be enough to get the shares back in focus and up again.
nickcduk
07/9/2007
08:20
dangersimpson2, I think a takeover could be successful at the cash level or just below (i.e. cash less the costs of winding the company up). Shareholders would take this now rather than waiting for the company to distribute the cash. I think the takeover is more likely to be opportunistic at around 30p, i.e. seeking to get something for nothing.
scburbs
06/9/2007
15:49
Surely the only reason a company would make an approach to aquire ADA would be gain a cheap listing and utilise any unrealised tax losses? The price would have to be in cash and greater than the cash balance for shareholders to accept, so 33p+. The FSA investigation is the only outstanding issue but a significant company fine would doubly punish shareholders. If the FSA were to truly act in shareholders best interests they would limit any action to individuals involved and not the company.
dangersimpson2
06/9/2007
13:55
maximize shareholders return, if it is trading at 23p they will pay 25p with new paper given out, so there is the maximize, afther the takeover will drop so the 25p is worth 17p. An other emblaze maximizing of shareholder return. Better the takeover is not a listed traded company and gives 32p with newly issued shares at an over estimated price (they are not traded, so no exact value) after we all got the newly issued shares of "Emoze" they will drop and drop till 8p. Look what they did with KiBi, now zone-ip. and why they drop, because of a delution of the cash per share. that is why this is NOT " a no brainer"!!! you never know what they have planed to do with our money till you see it and it is gonne,.... Anyway I am still holding my shares and praying to God, Jawe, Alla, Budda they pay for once in there live time out what belongs to the shareholders and not what they think belongs to the management or there friends, familly, .... still 6 months to go.....
eenmakkie
05/9/2007
12:27
Indeed, I still question my sanity because I think this is a no brainer but everyone is still 'emblazed'....
chrisdgb
05/9/2007
12:22
Adamind shares are listed on the Alternative Investment Market of the London Stock Exchange under the symbol "ADA". The company was listed in London in February 2005. The information contained in this section is being disclosed for the purposes of Rule 26. Investment Strategy Adamind plans to return the cash as soon as it can to its shareholders Adamind plans hedging the funds against currency fluctuations and keep the money in GBP. Should Adamind be approached by potential buyers for the company as a going concern, it will explore the offer in order to try and maximize the shareholders return and decrease the time of the return.
damian
05/9/2007
12:14
Come on FSA.......
chrisdgb
02/9/2007
09:23
yes that is what they are saying; they are pleased to announce that the information required by the AIM Rule is available on the website; probable someone did made an announcement about not giving enough information but by the AIM rule they do not have to give more information as already given; thus in other words "find it your selve on the website" if not sell your shares we are happy to buy they at big discount prises. As money is king now back in the US, with the financial crisis, this piggy should be trading above it cash level......
eenmakkie
30/8/2007
10:16
wonder if we are to get a bid update soon??
chrisdgb
20/8/2007
07:10
Adamind Ltd 20 August 2007 20 August 2007 Adamind Ltd ('Adamind') Company Website Adamind Ltd (AIM:ADA) is pleased to announce that the information required by AIM Rule 26 will be available on the Adamind website at www.adamind.com on Monday 20th August 2007.
hotfinance14
13/8/2007
16:30
Not losing any money here; Its all being lost on BLZ :0(
par12
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