Aerobox Share Discussion Threads

[meganxmas] 11/9/2006 11:14

Bust ... anything you can get now is more than you'll get at end of week. Funders will pick up the technology / assets.

[deanroberthunt] 11/9/2006 11:13

We did try an tell em Aerotus, but its their money......

[aerotus] 11/9/2006 11:12

Well, don't say I didn't warn you. Unlucky longs, sell out while you still can.

[charles7] 11/9/2006 11:07

AeroBox plc
11 September 2006


11 September 2006

AeroBox plc ('ARX' or the 'Company')

Trading Statement

Following the Trading Statement announcement on 1st August 2006 the Directors of
ARX give the following update on the continuing developments within the
Company's main operating subsidiary, AeroBox Composite Structures ('ACS').

As a result of the production issues highlighted in the previous Trading
Statement at ACS, Laurus Master Fund ('LMF') suspended the $3m revolving debt
funding facility but agreed to provide sufficient funds for specific
applications within a structure agreed with the Board of ACS. This agreement
with LMF is for the specific purpose of converting the existing ULD stock and
work-in-progress into cash and for the exclusive benefit of LMF, the debenture
holder. This agreement does not currently include any funding for payment of
previous creditors and does not address cash requirements for the production of
future orders. The initial plan was to complete the orders in progress by mid
September. This has not been possible in the cash constrained position ACS was
placed although LMF has advanced further funds for short-term requirements and
discussions are in progress with LMF over future funding for the remaining
unfinished and future orders. This discussion is taking place in the knowledge
that one customer is actively considering the purchase of all materials for its
ULD order as an aid to cash flow.

As a consequence of the above and due to the extent of the monies owed to
creditors by ACS, its Board is currently seeking professional advice on the
options available to it.

The current LMF funding has constrained UniversalCore and OvoCorp to the extent
that they have been unable to trade and consequently a decision has been taken
to close these operations with immediate effect. Stephen Mendola and Rainer
Duchene tendered their resignations from the ARX board at 5pm on 8th September
2006.

The Board of ARX has accepted today the resignation of Jeremy Knight, the
recently appointed Group Finance Director.

ARX currently has very limited funds and is urgently reviewing alternative
sources of finance. However, given the level of uncertainty in its main
subsidiary ACS this is proving difficult.

The Board of ARX continues to review the current options available and will
update shareholders of further developments when it is able to do so.

- ends -

Enquiries:

Ray Gibbs Group Managing Director, AeroBox plc [phone]
Trevor Phillips Holborn PR [phone]
Jeremy Porter Seymour Pierce [phone]



This information is provided by RNS
The company news service from the London Stock Exchange

[bridggar] 11/9/2006 08:14

cavman - I think you need look no further than Raymondo Gibbs.

I am personally looking forward to the EGM to meet him.

Savogli, it would be great if you can get a letter from your mum to get there too?

[weegeordie] 11/9/2006 06:51

... I must say, I thought there would be an RNS this morning.
WG

[steves2] 10/9/2006 19:33

Surely it must be crunch time this week......

[cavman2] 10/9/2006 17:06

I have lost a fair bit on this, I think the product is very good but I had not counted on a stupid load of effing idiots running/ruining the company.
Only one thing left to do hold on.

[ivor whopper] 10/9/2006 13:15

try looking at the chart sometime chaps. It may give you a clue. Its bombing dont ye know.

[scaleyman] 10/9/2006 10:30

....and still dripping wet maxk!!

[maxk] 10/9/2006 10:28

Whatever your opinion of savogi, he(?) has been proved correct!

Lots of people have taken a real bath on this doggy.

[spectrum7] 10/9/2006 10:11

cavman

Investors like to see a company do well. It means employment for many, a profit for the investor, and a boost for the local economy.

Shorters like sav would like to see the company go bust. He doesn't give a toss about the resulting unemployment, the knock on effect of bad debts on suppliers, or the loses of investors. He will spend his time kicking this company and its investors while they are down.......thats his game !

The difference with sav is he wants constant adoration and recognition for his efforts ! In my opinion this kind of shorter is the scum of the earth.

If your mates mate says this could be a buy, you have to decide who to believe.....sav or your mate ;-)...and who has the vested interest ;-)

Good luck in your choice. I do not hold at present.

[spectrum7] 10/9/2006 09:07

Oh dear
She really has her knickers in a twist today :-(

[savogi] 10/9/2006 07:27

bellyboy

Are you english teacher? if you are what are you doing here?

[savogi] 10/9/2006 07:14

bellyboy

I dont need you to take me seriously, my track records speak for itself, i am not here to learn english i am here to make money and let the muppets like you know where this dog is going.

cavman

Your mate broker is lying to him regarding ARX this dog is going no where.
i bought PDX at 40p and sold at 180p go back to pdx threads few years back and you will see my posts and since than i have not followed pdx so no idea where pdx is going.

[bellyboy2] 10/9/2006 06:58

sav...how the hell can we take you seriously when you don't even have a grasp of the english language.

[savogi] 10/9/2006 06:49

spectrum

The muppets and losers are out once again, just because you cannot make any money that doesn't mean nobody else can. like i said i hope you are young enough to learn so i can teach you. jealousy is very dangerous and also very sad.

How can you call me an idiot when you have been wrong in every occasion. take a good look at yourself in a mirror and you will see that there is only one idiot. I bet you bang your head against your pillow at night and keep telling yourself if only I had listened to savogi,ha lol.

[cavman2] 09/9/2006 19:15

My mate told me today that his broker who he reckons to be good, has ARX @ PDX as a strong buy.
I have no other alternative than holding on to my ARX shares.

[spectrum7] 09/9/2006 07:53

dave
don't encourage the idiot :-)

[davehome] 09/9/2006 07:50

Savi,
How can you make a profit of 6 figures if this goes bust ? Have you bet on iy going bust ?
If yes, can I do the same.

Im a complete novice to this sort of thing.