Auction Technology Share Discussion Threads

[alexi5] 25/5/2012 10:46

Silkstag and Captainmultibag on iii are one and the same person! They keep quoting one another. Spot the shorters, eh

[27howard] 25/5/2012 10:36

1.88p to buy, high paid yesterday 3.15p, low paid 1.3p

[silkstag] 25/5/2012 10:10

On 'Aiming for top three' thread, suggest look at post "Winks insolvency admission". Adventis Chairman tricky wording has rogered buyers big time.

Digitalis, let's see you try to lie your way out of this one!!!

[silkstag] 25/5/2012 10:08

Post from iii:

"Winks insolvency admission

Just noticed something in the 10 May 2012 RNS:

"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...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. "

'bank and vendor debt'
'believe...sold for an amount that is greater than that owed to the bank'

He does not believe that proceeds will even cover the management earnout debts!!!"

Enough said!!!

[silkstag] 25/5/2012 09:58

Kev, punters are being sucked into ATG on the false lure of a quick turn based on dirty bull posts. The facts we know:
ATG failed to persaude investors to subscribe for shares at 0.5p.
Investors concluded there were no prosepects of exceeding the bank and net creditor debt.
10 May: "the Board believes that the sale of the Technology division will realise sufficient funds to more than satisfy the LBG bank debt [£1.5m], although there is no certainty that this will be the case".
No Board comment about the £2-4m net unsecured crediors!
Insolvent liquidation is the only possible outcome.
Sharholders will be -6p submerged under debt.
Posts by Digitalis and others talking about +xp are wrong. Seems like market manipulation by them...which is why they end with 'these are my numbers but do your own". That is a hint that they know their posted numbers are false. And deliberately so.

[27howard] 25/5/2012 09:37

Another bid shake offering 1.9p when lowest sale is 2p

[silkstag] 25/5/2012 09:14

Philmar089, there is another issue pushing the share price. People are posting lies.

Digitalis: "if i was going to make a bid for two very well managed profitable businesses i would hoover up as much stock as is available up to the point where when the offer is announced it would generate profit from the stock purchase?"
Reply: Any bidders are given insider info about the tech businesses so following Digitalis advice would be a crime.

Digitalis says he targets £5-6m fo sale of etch and he sasy that leaves millions for sharhodlers.
Reply: Distressed sale of people business with £0.4 earnings in 2011, down 50% from 2010. Most of management out of lock-in. No chance. ATG management adnitted they hope to be able to cover the bank's £1.5m, that is tight but the real goal. The extra £2-4m of trade and tax creditors will not be paid.

The results on 7 June will show the bust balance sheet. Until then, Digitalis and buddies will keep posting self-serving falsity.

[27howard] 25/5/2012 08:56

They seem to have cleared their lines of stock, cannot buy 25k online now.

[kevin 1896] 25/5/2012 08:24

Thanks 27howard and degitalis.

Will do some research now

[digitalis] 25/5/2012 08:23

to be expected......

[27howard] 25/5/2012 08:20

Big shake there 2.3p bid to 2p bid in one go

[digitalis] 25/5/2012 08:19

kev.....news is always due,speculation over here it could be a pending sale of our tech assets for a healthy premium....

[27howard] 25/5/2012 08:19

Kevin

We explained yesterday, there is every chance a disposal of their main asset could result in a elimination of all debt and liabilities leaving a cash surplus worth more than their market cap, read their update in the last rns.

[aughton 3] 25/5/2012 08:19

with debts to other creditors of? and could not raise a single penny in a fundraising, head or tails good luck to all

[kevin 1896] 25/5/2012 08:17

I am still confused to why this is moving so much.

News due?

[27howard] 25/5/2012 08:15

2.35-2.36p spread

[digitalis] 25/5/2012 08:13

or an actual bid for the lock/stock and barrel ATG....currently £1mil squid.....


do any of you guys know what a fantastic outfit our second2/bchannels is?....one of the top 10 b2b marketing agencies in the UK....with locations in US/Far East...i suspect not....lol

[aughton 3] 25/5/2012 08:11

or will just suspend ....

[digitalis] 25/5/2012 08:09

looks like it 27howard,now remember there is no rns/news so the price will be played with while the buyer takes their position....then when the bag is filled the rns will come imho.....

[27howard] 25/5/2012 08:04

Looks like it's off again already.

[digitalis] 25/5/2012 07:57

imho an offer for the combined second2/bchannels group could be £5/6 million....that would be a bargain in these market conditions,Adventis would repay Lloyds/owners of second2/bchannels the previously announced up to £3million,that would imho leave a cash balance on the books at Adventis of between £2/3 million pound which could equate to a stock price of bottom park 4p to a top park 6p....now if the Waypoint team our CEO Nick Winks negotiates higher than my personal figures please adjust accordingly.....lots to play for here....how high is this buyer mopping stock up willing to go before an announcement?....

please make your own decisions....the reference above are my own personal estimates....

[digitalis] 24/5/2012 22:20

agree 27howard........

[27howard] 24/5/2012 20:54

digitails

Yes nothing has changed, the potential for ATG to make a disposal, eliminate
debt and leave a cash balance far more than market cap remains, tomorrow could
be just as volatile as today.

[digitalis] 24/5/2012 19:16

ATG top on the percentage leaderboard by 3/4 length!......