Elektron Technology Share Discussion Threads

[simon templar qc] 06/12/2017 18:22

Beeks play by the rules you said they don't have to declare before you stop buying.

Over ruled I am afraid.

Score still Tilly 1 Beeks 0

[beeks of arabia] 06/12/2017 18:20

Tilly, could you point me to the “2 days from a percentage” rule?

[beeks of arabia] 06/12/2017 18:19

Simon - that’s what I said. THe company can not release an RNS on unknown information.

[simon templar qc] 06/12/2017 18:17

Sorry Beeks one up to Tilly, he is right!

Next question ?

Tilly 1 Beeks 0

[tilly99] 06/12/2017 18:14

Cmon beeks it's not rocket science Either it's 5pct increments or it's not If it isn't Ruffer has broken the rules End of

[tilly99] 06/12/2017 18:13

Rubbish beeks 2 days from a percentage

[simon templar qc] 06/12/2017 18:12

Again not correct.

The holder should make the company know they have purchased or sold.

[beeks of arabia] 06/12/2017 18:09

It’s also down to when the company is informed. They can’t do anything until this information is known.

[simon templar qc] 06/12/2017 18:08

Beeks,

Not correct

Rule 17 Aim companies at each point above 3%!

The minute Panther sold Ruff should have followed.

[blackss] 06/12/2017 18:06

Agreed Beeks but there must still be a time limit between buys before they are no longer a single buy or it defeats the object. A buyer could buy 1 share a week to keep from having to disclose larger buys indefinitely.

[beeks of arabia] 06/12/2017 17:59

You don’t need to announce until you have finished buying (or selling), as otherwise this can cause a disorderly market.

Pretty basic stuff really.

[tilly99] 06/12/2017 17:25

Seen huge selling in spsy as well and no RNS I think it could be a rule change Last time Ruffer bought at 7p from Barry there was good news not long after Let's hope this purchase means there's good news coming in ekt

[simon templar qc] 06/12/2017 16:57

Don't agree they still have to abide by London rules its traded in London not in Europe.

[tilly99] 06/12/2017 16:49

Maybe rules different for European institutions

[simon templar qc] 06/12/2017 16:24

Tilly,

They are supposed to report in every 1% it needs looking into.

We wondered where Panther's stock had gone!

All these trades going to be looked into in any event.

I shall not go into further detail at the moment its suffice to say there have been numerous share transactions over many years been unlawful due to insider dealing and these matters were mentioned in court documents.

All these matters will be dealt with in due course.

[tilly99] 06/12/2017 16:06

Ruffer goes to 10pctMust be different reporting rules as no notification from 5 to 6 to 7 to 8 to 9 etc pct

[simon templar qc] 06/12/2017 15:02

Just to remind readers if anyone has received an letters from Marshalls or any other solicitor for that matter, warning of being sued for libel and or being reported to the police, please contact me. Most readers know how to do this.

A number of year ago Marshalls threatened to sue me for defamation when there had been no defamation. Needless to say their threats got nowhere.

Posters cannot be prevented from posting any matters which they believe to be true.

[tilly99] 05/12/2017 07:42

Great figures from dewhurstBest management on Aim

[tilly99] 04/12/2017 22:18

Simon I honestly believe if Daley hadn't been running this company for so long and we had had a different chairman who would've kept Ricketts and made a decent acquisition we would be 100pDaley has basically looked after himself before all shareholders and ruined what could've been a very decent company

[simon templar qc] 04/12/2017 19:34

Tilly,

I am unable to give any poster too much information in respect of current litigation and or a police and FCA investigation at the moment, I do not want to prejudice any matters.

All I can say is litigation is continuing at the moment and I am hoping to update investors both past and present soon.

[tilly99] 04/12/2017 17:15

Wow that's another terrible move by DaleySimon,there is nothing you can do ..Daley is not accountable for business decisions He never promoted the company before he bought all his shares at 5p and once he bought he got 2 institutions on board as they realised daley had screwed us shareholders as we were totally the wrong price at 5pHartest and the move from China and selling all our Crown Jewels and ploughing millions into Checkit which looks worthless will not make a difference to Daleys exorbitant salary and huge bonuses He's played a blinder ..game set and match to him Unless you can hold him accountable for those tweets laughing at your bankruptcy he has got away Scott free

[simon templar qc] 04/12/2017 16:56

Tiger,

Many thanks for that information you have done me a very big favour indeed and I owe you my sincere gratitude, we go back a long way and I have always had great respect for you both as a friend and useful contact with your research and investment acumen.

I hope to show my appreciation one day by bringing all the wrongdoers to account and seeking due justice.

[castleford tiger] 04/12/2017 15:55

The rationalisation of the Group's product portfolio has continued with the sale of Total Carbide and the discontinuance of sales under the Tinsley brand. Total Carbide was sold in June 2013 for GBP2.3m, approximately its net asset value at the date of sale. The proceeds comprised GBP1.23m in cash and GBP1.05m (at the listing price of 13.5p per share) in shares in Versarien plc ("Versarien"), which represented approximately 10.3% of the issued share capital of Versarien.

At 31 July 2013, the Versarien closing bid share price on AIM was 11p. In the balance sheet at 31 July 2013, the Group's investment in Versarien is recorded as an asset available for sale and, in recognition of the Board's view of the highly illiquid nature of a substantial holding of this investment, the value of the shares was written down to GBP0.8m, representing an 18% discount to the AIM market price. The Versarien shares were subsequently sold for GBP0.8m less costs on 15 August 2013, thereby completing the Group's exit from the Total Carbide business

SO WE held 10% of VRS WORTH TODAY 10 million.

However keen to get rid of NR we sold at 8p. Therefore reducing the sale of the company to 2.3 million less 200k a net 2.10 million.
So keen were we to get out we sold at an 18% discount to the then market price!!!
less sale costs.
So assuming costs of approx. 5% we got 760,000 and today that's 10 million ( and its just starting)

It shows me who is the better boss and who understands taking new technology and products to the market.

Did we desperately need that 760k ?

Could we not of held a stake to hedge our bets?

Its the story of EKT run by one man who in my opinion has done nothing bust destroy value.

A sorry state of affairs.

Tiger