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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Crystalband | CRYB | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 2.74 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 2.74 | 2.74 |
| Top Posts |
|---|
Posted at 24/3/2006 11:16 by dell314 Looks like this one is the latest to be getting the iii pump'n'dump treatment.Don't get fooled by the small market cap on this one, there is circa £3.5mln of debt lurking in the accounts, which raises the enterprise value of this company to a much pricier level than is first apparent. FWIW, I've had a quick scan through the prospectus for CRYB and my general impression is one of a group of individuals doing a very good job of lining their own pockets, at the expense of retail investors. Firstly, it appears that the vendors(or your directors!) acquired Frame1 for only £200k from the receivers. Crystalband paid the vendors £3.86mln for it, only a few months later!! Someone appears to be making a few quid there. Don't you wish you lot could buy the remainder of your company from receivers and sell it back to new shareholders for nearly £4mln a few months later!!! Anyway, £1.6mln of the vendor loan notes have a redemption date of 16th November 2006 and consequently have to paid in just over 7 months.... Another amazing fact that didn't quite make it to the RNS version, is point 18.1 of the prospectus which notes that of £460k raised in the admission placing, net proceeds would be nil(Yes that was nil Pounds, nought Euros, zero dosh, or however else you want to put it!). So the city boys are also making an awfully nice turn too...... Great stuff, eh?? How on earth do directors and their city chums keep getting away with it? Incidentally, isn't replacement windows something of a saturated market, anyhow? All IMHO, DYOR etc. Rgds dell |
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