Eight Peaks Share Discussion Threads

[colnabean] 03/5/2019 12:06

Zaf claims there are too many shares and shareholders on the coy reg, he reorganises the shares and reduces them in number to 10m, loads of small shareholders get bumped out. He then increases the no. of shares in issue by 60% by issueing another 6.1m shares around Xmas time when everyone is looking the other way. At 10m shares each share has a book value of around 62p. So what price does he issue the new shares at ? Yeah you've got it 10p. He then moves to take 8PG private. Draw your own conclusions.

[gbenson1] 03/5/2019 10:29

Conspiracy theory No.1. I wouldn't be surprised if Zaf & Alcazar are in co-hoots with Rizz!! Zaf writes off 225k loan with Alcazar, from them to buy another 23% of Leg/8pg for Zaf in the name of Rizz?

[colnabean] 03/5/2019 10:15

If anyone is attending the AGM they should propose a motion to to suspend and remove Zaf from the BOD and arrange another shareholders meeting to discuss selling off the Company assets.

[bionicdog] 03/5/2019 08:51

Maybe the delisting victory will be announced in the style of a South American election with a 120% turnout.
Cloudy.

[bionicdog] 03/5/2019 08:31

Not with the same vigour though.
Dull.

[bionicdog] 02/5/2019 22:18

Perhaps Zaf is too thick to understand the rules on the voting to get this through.

[belt n braces] 02/5/2019 21:35

Thanks for that Paul.

So if Crowd for Angels are not on board, perhaps Rizzs may not be on board either? If so, the resolutions will almost certainly not be passed.

Crowd for Angels are an investee company, and I would have thought there would have been some sort of amicable relationship between Zaf and them? Unfortunately, it is beginning to seem like the judgement of the management team here is lacking?

[maxk] 02/5/2019 21:31

Fiscal acumen in motion..






Damp

[bazzerhino] 02/5/2019 19:45

How about one last dinner party before the curtains are drawn?

[chinese investor] 02/5/2019 19:22

Will Professor Pettigrew be voting against the motion ?
I wonder what his current prudent holding is ?

Well David ?

[paulthomas103] 02/5/2019 19:15

Crowd for Angels (UK) Limited (CFA or the Company) notes the statement from Eight Peaks Group on 30th April 2019 and the Circular to shareholders regarding the proposed cancellation of admission to trading on AIM. CFA currently holds 546,840 shares in Eight Peaks Group, giving the Company a stake of just over 3%.

Having taken into account the contents of the Circular, Crowd for Angels confirms that it will be voting AGAINST all resolutions proposed at the General Meeting to be held on 16th May 2019.

In particular, the Company has great concerns over Resolution 1 (the Cancellation Resolution) that, in Eight Peaks own words, if passed, will result in there being no formal market mechanism enabling Shareholders to trade Eight Peaks Ordinary Shares. Given the limited and vague information provided in the Circular, the Company has no confidence that the Directors of Eight Peaks have any desire to put in place an alternative trading facility if the cancellation resolution is passed.

The Company recognises that AIM has its liquidity drawbacks. Regardless, it believes that the cancellation of the listing will result in either no trading facility being available to Shareholders or a highly illiquid “matched bargain” facility being offered, which will significantly reduce or even eliminate the liquidity currently offered on AIM. With only modest cost savings expected from the proposed cancellation the Company believes that the Cancellation Resolution is not in the best interests of Eight Peaks shareholders.

Crowd for Angels therefore encourages fellow shareholders to vote against the proposed resolutions. Private shareholders with shares held in nominee accounts are encouraged to contact their stockbroker to instruct them to vote against the resolutions. For further information or to contact us email [e-mail]

[chinese investor] 02/5/2019 16:09

Even if Virtualstock's shares are valued at £2.50 (historically they have changed hands for £10) 8PG's holding would be valued at over £1 million.
Then there's the £300,000 loan to VS.

Madness !

[cpap man] 02/5/2019 14:57

Zafar Karim

29th Floor l 1 Canada Square l London E14 5DY l United Kingdom

M: [phone] l DD: [phone]

Zafar Karim

Zafar Karim

[kemche] 02/5/2019 13:34

It's all going on behind the scenes. Overcast.

[belt n braces] 02/5/2019 13:29

Reading between the lines.

Rizzs are probably not best pleased with the stockmarket performance and I imagine will be looking at ways to get maximum profit from their investment. I also cannot see that Zaf would have gone ahead with the meeting without first having Rizzs and Crowd for Angels onboard. I would think that Rizzs may wish to capitalise on this investment as soon as possible?

So in the event this goes private, I would expect that any gain made by Rizzs would also be made by smaller shareholders (shareholder prejudice rules, etc).

However, if the share price stays much the same or even lower, what a great opportunity for a predator to scoop up this company, obtain an easy cheap stock exchange listing, look to sell off all the assets, get rid of the board and move this forward? Why not, there is at the very basic level a £ 300K loan due from Virtualstock along with a listing which is probably worth say £ 250K?

[dave4545] 02/5/2019 13:16

Yeah ok, like you would not sell in smaller chunks and get full price first.

[belt n braces] 02/5/2019 13:15

Is that what gave you the erection?

[sutton erection] 02/5/2019 13:12

I have been offered 2p for my 500,000.

[belt n braces] 02/5/2019 12:20

Zaf is only a minority shareholder, he can be removed if the majority shareholding think he is over stepping the mark.

[targatarga] 02/5/2019 12:12

This is Zafs personal cash cow. Going forward he'll need his expenses etc!

[bionicdog] 02/5/2019 10:43

They're onto me . . . I mean you . . . I mean us.
Brightening up.