Danakali Share Discussion Threads

[love it] 07/2/2008 22:50

ya?

lol

[chancer6] 07/2/2008 22:39

8Trader - 28 Dec'07 - 16:56 - 1582 of 1713 (Filtered)

slckjack - 28 Dec'07 - 17:07 - 1583 of 1713

They're all grown adults and have a mind of their own... If they fool for it then they are to blame as much as the person you're referring too.

Calm down and start your weekend.

8Trader - 28 Dec'07 - 17:20 - 1584 of 1713 (Filtered)

slckjack - 28 Dec'07 - 17:47 - 1585 of 1713

You have issues my fellow.

Enjoy your weekend.

[8trader] 07/2/2008 22:05

love it.

Dont get involved mate, chancer is just a nutter, he has posted maybe
a thousand times that everybody is filtered yet proceeds to spam hundreds
of other threads.

I think it's right to post my views on Danka especially when the one man
show ramper who is looking to dump refuses to post all the facts about
huge losses and huge debt.

[chancer6] 07/2/2008 21:16

Finished up 21% on the OTC Exchange...should help the price to push over 4p tomorrow and build from then onwards in the coming days. The price got to 4.00-4.15p on two consecutive trading days towards close now. Hard to buy in size without paying a premium and the way the MMs are positioned is another sign that some good rises are not too far away.

$ 0.29 0.05 (+20.83%) Volume: 22.27 k 15:57 EST 07-Feb-2008

[love it] 07/2/2008 20:33

not worth it

[bigpat] 07/2/2008 20:19

now up 20% on OTC Exchange

[chancer6] 07/2/2008 19:56

Still looking good on the OTC Exchange:

$ 0.275 0.035 (+14.58%) Volume: 13.27 k

[chancer6] 07/2/2008 19:56

Keep your ill friend on a leash..ok to come here and trash my thread time and time again like some big smug but can't take it when we appear on yours:

love it - 7 Feb'08 - 19:30 - 1900 of 1902 (Filtered)

love it - 7 Feb'08 - 19:31 - 1901 of 1902 (Filtered)

love it - 7 Feb'08 - 19:32 - 1902 of 1902 (Filtered)

[chancer6] 07/2/2008 19:24

Thanks to someone who knows what they're talking about:

You are correct in your point about UK law and the fact that Cypress is not in a very good bargaining position.

It is my impression that Danka management thinks very highly of Cypress and is willing to work with them in order to come to a mutually beneficial solution. In my opinion a deal where Cypress takes a substantial haircut (50% range)in exchange for some cash and the oppurtunity to paricipate in Danka's future upside potential with a much lower conversion price ($3 -$5) would be a win-win situation at this point.

[chancer6] 07/2/2008 18:25

TA from Yahoo....used in the past as something extra to determine bottom:

Detailed Technical Analysis Get Detailed Technical Analysis for:
SHORT TERM COMMENTARY
The stock is taking a breather, although still in a strong bullish trend.

MEDIUM TERM COMMENTARY
Medium term price trend Danka Business change from bearish to bullish this week. This market keeps a relative behavior greater 37.7483 than FTSE 100 INDEX. Volatility has been decreasing during last month. Daily and weekly technical indicators, alert of the proximity of a market TOP. Keep track of possible bullish divergences on RSI that will confirm this scenario.

[lukic] 07/2/2008 18:23

8T - you are the one who is ill, as you seem to read and follow his every word. Stalking is illegal you know. Why are you so concerned anyway. If you dont like a poster block him and ignore him - quite simple really!!!!!

[8trader] 07/2/2008 18:06

Chancer.

I've provided a link for you for your first stage of rehab as i've not
come across a poster as ill as you in ten years of using bulletin boards.

[chancer6] 07/2/2008 17:46

More...have you seen the name of his handle...by god?

If the underwater Cypress convertible preferred restructuring was done under the same terms as the underwater Chevron Texaco Dynegy preferred Danka would pay Cypress $54M in cash. The majority of the $54M could be funded from the unused portion of Danka's revolving credit facility and I would invision a small increase in the credit facility accompanying the reduction of the preferred.


Cash ------- $54M 15%
Notes ------ $54M 15%
Preferred -- $98M 27%
Forgiven --- $156M 43%

Total ---- --$362M 100%


By the way, I noticed that your "Smilerdell" yahoo ID is brand new and that this is your first post under that handle. What was your previous yahho ID handle?

[chancer6] 07/2/2008 17:45

Thanks to a person who knows what he's talking about:

The Cypress convertible particiapating preferred shares mature on December 17, 2010 are currently way out of the money as they are only convertible at $12.78 per share.
A.D. Frazier stated during the April 2007 conference call that working a deal with Cypress was high on his priority list and he felt confident that an agreement could be reached, but that both Danka and Cypress would have to be clapping.

Cypress wants to be compensated but it is in their best interest to work with Danka. When the preferred shares mature in December 2010 they can only be redeemed if Danka has sufficient distributable profits or if Danka is able to issue new common shares,but the terms state that in determining whether new common shares or issued Danka may take into account the prevailing market conditions and other factors deemed reasonable by a majority of the board of directors, and Danka will not be required to issue new shares to the extent prohibited by their existing indebtedness. Shares not redeemed will remain outstanding and their dividend rate will increase from 6.5% to 8.5%.

A Win-Win agreement might be for Cypress to take a significant haircut in exchange for some cash and a lower conversion price for their remaining convertible preferred shares.

I remember Dynegy and Chevron Texaco restructured some similar severely under water convertible preferred shares back in 2003 and Chevron agreed to take a 43% haircut.

Chevron agreed to exchange their $1.5B convertible preferred shares for $225M cash, $225M unsecured notes due in 2016 and $400M of new convertible preferred stock.

In this example Chevron agreed to take a 43% haircut on the $1.5B and extend maturity dates in exchange for receiving a $225M cash, a lower conversion price on the preferred and regular cash dividends on the notes.

Cash ------- $225M 15%
Notes ------ $225M 15%
Preferred -- $400M 27%
Forgiven --- $650M 43%

Total ---- $1.500B 100%

[chancer6] 07/2/2008 17:42

O my god..dell314 really losing it now imo...hard core deramping at its best....big rises signal imminent imo....created a new alias and bashing DNK here now as well:

[chancer6] 07/2/2008 17:37

Was another big surge on the bid again at the end like yesterday with the price going up 6% and the bid price hitting 4p again....imo there is a buyer around who wants a large chunk of these...already seen larger buys last week at 3.7-4.50p prices. Also, the MMs positions on the offer support that with JEFF moving up to 4.00p at close and KBC on 4.15p, EVO on 4.30p and WINS on 4.75p. Further they charged a 0.20p premium for just 20,000 shares this morning and that person had to pay 4p. Sellers cleared out since the results and the price has held up and imo start of nice uptrend is imminent. Up 12.50% on the OTC Exchange, quick buck sellers cleared out over there as well and buyers taking positions.

They have been enough moments for those who bought with me at 3p to have sold at a very good profit at 4p and more...I'm holding out for 10p which I can see coming.

[chancer6] 07/2/2008 16:28

MMs still on same prices...sooner rather than later 4p will be broken for good and start of an uptrend!

[chancer6] 07/2/2008 16:23

WOW, some blue....past couple of sessions someone's hitting one of the MMs with buy orders imo.

[chancer6] 07/2/2008 15:15

Better, JEFF moved up 4p offer, then others same at 4.15p, 4.25p and 4.75p.

[chancer6] 07/2/2008 15:00

Better:

Up 16.67% there now:

$ 0.28 0.04 (+16.67%) Volume: 245