Elektron Technology Share Discussion Threads

[blackss] 13/5/2017 12:31

Sorry to say tilly if D&A were even remotely concerned about the direction the company has taken they would have acted by now. As i have said before the only explanation is it's in the interest of D&A, Perloff, Kinder and Daley to keep the share price low for whatever reason and you could hardly say they were being subtle about it..

[tilly99] 13/5/2017 12:11

Simon Delist?No way..shareholders know if we delist he will double his and JW salary ..he is not to be trusted so delisting is off the table as the courts won't allow it after he installed an illegal incentive schemeD and A I'm sure won't give Daley more than another year at the helm if he continues performing how he has over last 15 yearslook at ecm rsw xp and all other peers..they are making so much money!! Their shares are rocketing in boom times..something tells me Daley wants Ekt shares to fall..he just will NOT promote the Company and ploughs more money into his Checkit which has cost us 10m quid

[tilly99] 13/5/2017 12:06

Simon Daley is beyond the lawHe knows that he is not accountable and his disastrous performance will never affect his position and employment at the companyHe has manipulated the share register by installing the Jsop so that he has a job for life however bad he carries out his job:functions Daley knows he is the victor whilst shareholders watch their investment get destroyed by his disastrous decisionsMy friend tells me he has spent over £10,000,000 yes 10m gbp on checkit and it hasn't won one decent contract even though it costs an absolute pittance He tells me that he would've been sacked in any other company and is shocked Kinder and Perloff still back his extremely shocking performance

[simon templar qc] 13/5/2017 11:59

No!

Company can neither go private delist or do anything at all which will unfairly prejudice shareholders, without court intervention.

The company directors have already caused substantial damage to the company and shareholders equity and those issues have not as yet been resolved.

But for dealing with serious personal matters I would be further ahead with litigation by now however litigation is still continuing.

Results out this week, the poorer the results and outlook, and any meaningful revenue on its Checkit operation, after the substantial cost spent thus far, will only provide more evidence of further litigation needed to seek urgent restitution.

[yoyoy] 13/5/2017 09:53

Directors of EKF contemplating splitting the company and had been considering de-listing.

Do you think EKT could go the same route?


EKF Diagnostics Holdings PLC

10 May 2017

This announcement contains inside information for the purposes of Article 7 of Regulation (EU) No 596/2014 (MAR).

EKF Diagnostics Holdings plc

("EKF", the "Company")

Trading update &

Update re: possible demerger and share buyback

EKF Diagnostics Holdings plc (AIM: EKF), the AIM listed point-of-care business, wishes to update shareholders on its current trading and the proposals it set out in its announcement on 20 March 2017.

Trading update

The Company is pleased to announce that trading in the first quarter of the current financial year was comfortably ahead of budget. The strong start to the financial year is entirely attributable to organic growth. However, whilst the Board remain optimistic about the Company's prospects for the full year, there can be no guarantee that this will continue for the remainder of the year given the relatively short lead time on new orders.

In addition, as anticipated in its announcement on 9 January 2017, the Company was net cash positive in the first quarter of the 2017 financial year following continued strong cash generation.

Possible demerger and share buyback

The Directors are continuing to evaluate plans under which they would split the Company into two separate legal entities based on the business divisions, namely Point of Care and Lab Diagnostics. As previously announced, whilst both these business divisions are valuable in their own right, the Directors consider that separating them into distinct legal entities represents a better route for shareholders and one under which they are more likely to achieve a fair reflection of the value of each separate business.

Whilst tax advice and work on the possible deal structure is ongoing, it is the Board's latest understanding that the demerger can be carried out at subsidiary level and therefore, initially at least, remain within the existing EKF group. EKF Diagnostics plc will remain as the ultimate parent company of both legal entities and importantly also remain quoted on AIM. Further, whilst the initial demerger can be carried out intra-group, the Board's current expectation is that the Lab Diagnostics business will nevertheless be spun-out of the EKF Group at an appropriate point.

The Company continues to evaluate the possibility of a share buyback offer to shareholders at 21.5p enabling them to exit their shareholding in cash. However, in view of the fact that the current advice is suggesting that EKF can, for the time being at least, remain both the ultimate parent of both business divisions and quoted on AIM, the original purpose of the proposed share buyback, namely to provide a potential exit for shareholders that could not or did not wish to hold shares in private companies, now seems less important. Accordingly, the Board is now contemplating a more limited share buyback offer of up to 15% of the Company's current issued share capital.

There can of course be no guarantee that the above proposals, including any share buyback, will be capable of being completed in the manner currently anticipated. Further announcements will be made at the appropriate time.


EKF Diagnostics Holdings plc www.ekfdiagnostics.com
Christopher Mills, Non-Executive Tel: [phone]
Chairman
Julian Baines, CEO
Richard Evans, FD & COO

N+1 Singer (Nomad & Broker) Tel: [phone]
Alex Price / Shaun Dobson
/ Ali Laughton-Scott

[tilly99] 12/5/2017 22:55

We are now one of the most illiquid shares on AimWhy?Cos no institutions or private investors will buy until Daley leaves Cos Daley refuses to promote our companyCos Daley isn't interested in creating shareholder valueTime for Daley to leave He acquired Hartest...disaster He cancelled the dividend..disasterHe sacked Geoff Spink..disasterHe is chairman of checkit..disaster He pays the BOd 800k..disaster DALEY NEEDS TO RESIGN ASAPHOW MUCH LONGER WILL HIS MATE KINDER TOLERATE DALEYS SUB PAR PERFORMANCE DALEY DOESNT CARE THAT ELEKTRON HASNT MADE A PROFIT UNDER HIS CHAIRMANSHIPWHY?Cos he earns over £300,000 per annumIt's an easy life with no shareholders to answer toHe knows he can Fail and still have a job to lifeDALEY IS ANSWERABLE TO NOONE ANNUITY OF £300,000 per annumLUCKY DALEY

[tilly99] 12/5/2017 22:34

Ricketts on vox promoting VersarienDaley in hiding,not promoting ElektronWhy?Isn't it his duty?Is it because he wants the shares low so he can buy stock as he does ?Thought mr Templar?We've had a few years of absolutely NO newsflow except for figuresDaley is not carrying out his duties as a director

[code12 breaker] 12/5/2017 16:20

I am quite happy otherwise if I was not happy ,I would sell my shares.
I am not selling my shares ,therefore happy .
I will stay as a shareholder .
I do not understand investor / shareholders that change like the wind ,blowing hot and cold so suit themselves .



Well done EKT .

[simon templar qc] 10/5/2017 10:54

Too busy with personal maters but no doubt readers are becoming increasingly aware of a backlash from investors against company directors, Barclays the latest.

The difference with Elektron is investors been deceived by present management and the shareholder base corrupted.

Once the funeral is out of the place, the phoenix is going to rise up like nothing ever before there are multiple of avenues to go down to ensure that all wrongdoers of this company be well and truly legally punished for all the damage they have caused.

[simon templar qc] 09/5/2017 20:32

Funeral next week even that has been disrupted due to all this wrongdoing by company directors and lawyers. This will only add to increased restitution at the end of the day.

As for the figures and prospects the worse the position the higher the likelihood of imminent legal further action.

The company is going to have to substantiate the high cost of its spend on Checkit the company has now had three years to provide a decent revenue stream.

if they had ploughed the same money on connectors they would have been showing substantial sales by now.

[blackss] 09/5/2017 08:56

Absolutely jugger, this has always been run as a small private ltd company that produces a private income. In fairness it never really purported to be much else.

[jugger123] 07/5/2017 16:27

I like lots here hope things, this year, get better for you Simon, but like many I feel the directors are just delaying you, every month they get 7k in their bank account, plus expenses, and pension, I honestly think this company is a cash cow for them, that have a great product to hide any costs within, checkit, it was behind its competitors when it was launched, and still is, 6 years on and 4 mill, in costs but no clients, this set of accounts will be the same, jam tomorrow, and bread for the board today.The only time this company increased its value was the buying of Hartest, that was subsequently raped of its value and direction. I hate to say it but it will not change.

[simon templar qc] 07/5/2017 12:45

Results Thursday unless Checkit is starting to contribute significantly the company will have to substantiate the millions its cost thus far.

I cannot give an update on the litigation front, I haven't been able to fully deal with other personal circumstances yet.

[simon templar qc] 06/5/2017 21:24

Perloff still struggling to make a profit on Bealles stores.



He wouldn't listen to good advice when he was warned of trouble brewing at EKT years ago.

He bought Bealle for a pittance but what good is that if its loss making. Bealle doesn't even have an online business {except furniture}, that is a complete flaw in the business model of a department store retailer.

[code12 breaker] 05/5/2017 12:41

Lunch break, not much on here lately apart from the usual ,threats and blue writing .
ah well the ball is rolling .
Well done EKT your doing a great job.

[simon templar qc] 30/4/2017 19:10

The Insolvency Trustees told the creditors owed more to me than what I owe to them and they had a duty to deal with that. Wont look at all good the senior partner of a large solicitor misleading the solicitors regulation authority, not a good bank holiday for him but he has himself to blame.

Wide ranging court orders are now being considered and I have the option of multiple appeals and claims which are currently being considered.

Question

How can a compliance department take action against themselves if they are responsible for wrongdoing?

Well they cannot but the courts can!

The same must be said of the SRA if they cannot get their own house in order it needs looking into.

[simon templar qc] 28/4/2017 22:32

Just to update readers my shares in Elektron Technology are still held in my TD Waterhouse account at this moment in time this is contrary to some suggestions by various posters.

Let all these posters who have attempted to cause any suffering to any member of my family think they will get away with it, they better think again.

Ever more solicitors are being dragged into litigation and implicated in wrongdoing, the latest Simon Biggin from Hewitsons who has been accused of deceit.



The head of the SRA has been informed today I shall be seeking he/she be held to account unless they take action against their members conduct.

[simon templar qc] 28/4/2017 18:24

Update on legal proceedings:

Hewitsons solicitors for the Insolvency today been accused of attempting to deceive both myself and the SRA today; I have provided evidence to the SRA.

They have been put on notice of an injunction to prevent sale of my shares in Elektron and other orders are to be sought at the same time which I am not prepared to discuss.

What I can say is I am going to do everything possible to remove executive management from the company as speedily as possible and utilise every possible legal method to achieve that purpose to protect my assets, the company assets and shareholders equity.

There will be court proceedings at the latest next week and some immediate action in the form of an injunction.

[simon templar qc] 27/4/2017 07:50

I shall now be taking action to remove Daley as soon as possible due to the distress caused to my family. Yesterday I placed the Insolvency solicitors of injunction proceedings. Everything possible will be done to place this company in the hands of the courts to protect shareholders equity.

[beeks of arabia] 26/4/2017 23:12

Sorry Simon, our posts crossed.

On what medium? Twitter, or elsewhere?

Edit - sorry, one last point/question. Do you think there is merit in trying to get together with the shareholders of other companies with actions commencing/ongoing/possible (ie: PRG, EEL) and presenting to the regulators in that way?

[beeks of arabia] 26/4/2017 23:11

every case has merit yoyoy.

It's down to having the evidence and convincing the judicary. It seems that Simon has a hell of a lot of research in his pocket. On the day and with a sympathetic judge, who knows. Simon, maybe you can research and try and get a judge who has been stung on the markets :)

I've noticed on a lot of threads that small investors seem to be no longer putting up with shenanigans from the companies they invest in. It may be that the tide is turning and if enough people stand up and make enough noise, it may just start to have an effect.

The Meldex's, Langbars, of the world were life changing for a lot of people. Paragon Diamonds, Quindell, that Greek one (I forget the name now, it was a complete sham), Mercantile ports (building a port in India, take a read of the thread, it is fascinating).

I remember a few years ago punting on a company that supplied ANPR cameras - interested parties were actively pumping the shares on the day they went in to receivership....like many I just put it down to experience and moved on.

Problem being, no regulator gives a toss.

Try and take some time to grieve Simon, and as said before, my condolences to you and your family.

[simon templar qc] 26/4/2017 22:51

Deplorable conduct by a number of people has left me no other alternative but to commence further legal action including injunctions.

[yoyoy] 25/4/2017 11:08

I like others are only interested on the margins.

Never thought the case you posted here had merit