Adorian Share Discussion Threads

[Abuse team] 05/12/2005 19:53

Post removed by ADVFN

[bishopawn] 05/12/2005 19:26

I think not.
There is a shortage of shares in the market.
The major shareholders' stakes will pass to the reversee acquisition, so that the Company wanting the AIM quote and a clean cash shell to move into will own itself, if you know what I mean. This is my informed opinion and only mine.
Only time will tell whether I am right or you Jack the Knife are completely and utterly wrong. If I buy anymore myself, I'll want a seat on the Board.

[bishopawn] 03/12/2005 22:47

Is it BEFORE or AFTER Christmas, Leo?

[bishopawn] 03/12/2005 22:46

An acqusition must be in place and concluded by 1 April 2006 under the new AIM rules. My guess is that there must be an announcement about this month to give due time for its completion. My other guess is that it is going to be a very nice acquisition for us shareholders - going forward. Leo can and will do it, I have no doubt whatever.

[bishopawn] 03/12/2005 22:44

RNS Number:9871N
Adorian PLC
23 June 2005


For immediate release 23 June 2005


ADORIAN PLC ("Adorian" or the "Company")

EXTENSION OF LOAN
RELATED PARTY TRANSACTION

The existing convertible loan of #50,000 which was announced on 8 June 2005 and
was provided by Xerius Limited, Clarion Finance AG and Atun Select Fund Limited
("the Lenders") has passed its scheduled repayment date. The Company also
requires additional funding to enable it to continue its objective of
identifying a suitable acquisition, which ought to be concluded before 1 April
2006 in accordance with the recently revised regulations applicable to the
Company under the AIM Rules.

Accordingly, the Company announces today that it is to extend the existing
convertible loan for a further 24 months and the Lenders are to advance a
further #30,000 to the Company on the same terms as the existing convertible
loan excepting that this loan does not have warrants attaching. The Lenders will advance the further loan funding in the same proportions as their contribution to the existing convertible loan.

All existing warrants issued by the Company are to be varied by extending the
period for the exercise of the warrants to 29 May 2011.

Xerius Limited is a company in which Mr Knifton and Mr Weller, two of the
directors of Adorian, have a beneficial interest.

Accordingly, in relation to Xerius Limited, the existing convertible loan, the
extension of the terms of the existing convertible loan, the new convertible
loan and the extension of the period of the warrants constitute related party
transactions under the AIM Rules. Jacques Delacave, the director who is not
involved in the transactions as a related party, having consulted with the
Company's nominated adviser, considers that the terms of the transactions are
fair and reasonable insofar as its shareholders are concerned.

[bishopawn] 03/12/2005 22:40

29th December 2003 IMMEDIATE RELEASE

PrimeEnt issued on 26th December 2003 a £50,000 convertible loan, convertible within four months at 100 shares per £1.00 converted, being 5,000,000 shares in total, to the following subscribers

Xerius Ltd for £14,000
Clarion Finance AG for £20,000 and
Atun Select Fund Limited for £16,000

Make of that what you will. Is the Christmas break going to be eventful again?

[bishopawn] 29/11/2005 16:11

They lent money to the Co at a time when they needed it; may be around
or shortly after the CVA way back when. It seems to me that this stake is unlikely to come to market.
I am guessing that it may be involved in some way with the upcoming
acqusition(s). DYOR.
I don't think we will have much longer to wait.
Another tiddler to watch is NXS, Nexus Management. An ITC turnaround situation. Cheap as dirt.

[canford cliffs] 29/11/2005 15:09

jak............what is the connection between leo and Atun Select Fund?

[harry punter] 29/11/2005 01:17

we dont know yet how large the target company is -or how much needs to be raised -no garantees that any of us will be participating in a placing --this is my concern jaknife being invited to a possible private placing to raise £3-4-million - not a problem if you are on the placing list

[harry punter] 28/11/2005 20:26

mach10 least i put my money where my mouth is -unlike yourself another sad potless moron

[mach10] 28/11/2005 19:25

Lol Jaknife. HP is a ramper himself- check out the VOS thread. He keeps talking to himself as well- a to$$er of the highest order.

[harry punter] 28/11/2005 19:05

i am guessing jaknife --i am simply hoping we all get a chance to participate --

[harry punter] 28/11/2005 15:41

i know most of the named holders on the header of this thread --i cant see any of them supporting a rights issue --so an issue of new shares in a placing seems inevitable if its to acquire a target company --its going to b interesting to see how this one developes jaknife --a placing at 5p is a possibilty --im speculating

[harry punter] 28/11/2005 14:00

usually these convertible notes are issued and given in return for the target vehicle ---- -its wrong to be too sinister at this stage imo