saud, repeat '4) If you are not a liar, you will be able to post your friend's explanations and clarifications on 1-3. You need to correct your incorrect post'. |
Silk all I know is that there is a REASON why RCapital have bought the debt. I dont know what it is. And nothing is set in stone. This is a rumour. I have been trying to get in touch with the company but to no avail.
If and when I know for certain what is happening I will let you know. I hope you dont dissappear if and when the company releases RNS |
Just spoke to my contact and he is of the opinion that a deal must be being arranged where RCapital effectively takes control of the company and raises funds required to keep it going. It is not clear how much funds will need to be raised but it is certainly looking very interesting at the moment |
Going to speak to my contacts from city shortly. Will keep you posted |
mally6 and saud, RC will turnaround the Tech division when they own 100% of it by requiring it to be sold to a company RC own 100%. They will use the £1.5m secured debt, which we found out on 13 June is more than Tech valuation, to separate it from the Adventis net liabilities, bad reputation and shareholders.
Adventis plc will be left with ballpark £4m net unsecured liabilities (who might get something in £) and dead shareholders (0p in £).
One would have to be stupid or crooked or both to suggest 'atg is reborn'. A Hyena has just arrived to rip off for itself the only meat left. Fair enough. Hyena's need to feed themselves and their families. But the ATG carcass is stinking up AiM. |
Mally precisely my point. so I think there is more to it then meets the eye |
if rc did this just to buy the tech divisions it doesnt add up the real money is in this if they turn it around,which is what they specialise in.
would you want to lend money to a company who you would then place in admin.
atg is reborn |
Anyways this is just a thought. Good luck to all odd you. I am off |
Use your head. If the tech division is sold rc have nothing to turn around |
Something that just occurred to me. How can rc control and own the tech division if its sold |
Saud, Winks/Pearson had to admit in the 13-6-2012 RNS, which you ignore for some reason, that:"...Technology division...net proceeds will almost certainly not be sufficient to repay in full the Company's bank debt and other liabilities...Directors consider that it is probable that there is no value in the Company's ordinary share capital...taking account of the ability of the Company to pay all creditors which will include consideration of an insolvency process".
Bank (now RC) was owed £1.5m. Other net liabilities are ballpark £4m. We found out on 13 June that Tech sale wouldn't even cover the bank's £1.5m (hence their bailout to RC). So you are peddling out of date Stinky Winks Porky Pies. Which you will understand is rather unappetising. |
It is well established now saud that those two tech business's are not very profitable and highly promising, I fell for the same paragraph but thanks to SilkStag persistent and correct posts he saves a few here a lot of money.
But you will be selling anyway in the morning, you did the same with PAA, Care, Cicr, and I'm sure plenty of others. |
silk - speak to the CEO of the company. I am just passing on what was said on 10th of May
Nick Winks, Chairman, commented
"Having tried, unsuccessfully, to persuade investors to back our efforts to raise new equity to pay down both bank and vendor debt, we are now working with our bank to find an alternative solution. We have two profitable and highly promising technology businesses which will now have to be sold to pay this historic debt. We believe that these businesses should be sold for an amount that is greater than that owed to the bank. " |
I've seen that subtle opinion loads of times, afraid saud is a pump and dumper, we all trade shares but you sold a stock less than a hour after ramping it and I have the thread and posts as I remember it will saud :-)) |
Saud, you post 'This company had revenues in excess of 20 million!' but that is misleading as that includes the Media and Health division which were sold and shut down.
Only tech divison is left (and small property diviiosn which is worthless and dying). RC do want to grow Tech, which is why they will protect and control it by taking it out of Adventis plc. They will indeed want to onsell Tech in future.
Adventis will be left with £4m other net HMRC/trade creditors and nothing to pay them with. RC wont touch Adventis balance sheet with a bargepole.
This is a standard asset strip using the security. Page 1 of the Hyena Bible. |
I am not pumping nor dumping just giving my opinion. I am in BSP and thats what I am going to stick to. I was just curious at what caused the rise thats all. DYOR |
There's your SELL sign, saud the pump and dumper is here. Never holds a stock for more than a day - just as well in this case. Seen him pop up on dozens of micro-caps, spouting rubbish, and gone in a flash.
Probably best to listen to the good research of Silkstag and the wise words of an experienced trader Simon Cawkwell. His book is a good read and pump/dumpers like Saud would be well advised to take advice from it. |
This is a tricky one but what I do know is that RC is constantly looking for opportunities like this. Think about it. This company had revenues in excess of 20 million ! ok fair enough it is not making money and is in the position it is today but MAYBE just MAYBE RC identified this as an opportunity to turn it around. This is a high risk punt but one that can have SIGNIFICANT returns |
mally6, this way avoids any negotiation with Adventis. They bought the LTSB debt for say £1m. They dont want the subsidiaries, they will buy the businesses, ie stripping out the trades/assets and leaving unwanted liabilities behind eg HMRC, rent, Adventis plc etc. They can 'outbid' other buyers by 'paying' £1.5m for the businesses, knowing full well that the Administrator will give them back that £1.5m for their secured debt. This way they get the businesses cleanly for whatever they paid LTSB. And LTSB walk away from the mess as it is now 'nothing to do with them'.
No 'guess work' needed. This plan is page 1 of the Hyena Bible.
You say 'certainly in with a lifeline'. Razor-sharp teeth slamming into Adventis plc throat and flesh is not a 'lifeline'. It is an uglier death than was on the cards. |
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