Fibregen Share Discussion Threads

[asparks] 10/7/2008 16:32

has anyone phoned / emailed the company?

[the shuffle man] 10/7/2008 16:30

They still have the other businesses, the problem one was only purchased this year.

There must be some value left in this.

Dont think they had any debts.

If they can sort the £4m put out then there must be (more like hoping) there is some value here

[asparks] 10/7/2008 16:27

is it worth selling at these levels? surely better to risk it

[etarip] 10/7/2008 16:21

No dead cat bounce, just a dead cat. Sold first thing this morning.

[psolomons] 10/7/2008 16:07

What an utter fiasco.

The way management have acted must be verging on criminal.

Shareholders were told everything was fine, then, out of the blue , they're running out of money.

The credit crunch is partly to blame and all loss making companies are potentially in trouble in this climate as borrowing is becoming very difficult.

Sympathies to all holders. I sold everything recently but couldnt resist another punt on BVC which looks a sure winner. That's now recently plunged 10% confirming these are precarious times to hold stocks.

tt2 - in my view you have been justifiably critisised for ramping but I will say you have taken it in good grace !

[abadan2] 10/7/2008 15:16

What about the investors who took part in the placing at 30p? I wonder if they will take action against the company as they must have been misled!

[john henry] 10/7/2008 15:05

sg31 i expect they knew no more than you or i. Financially company is in a complete mess and more or less worthless.How they have got themselves in this position is beyond me. Complete board need removing asap.

[sg31] 10/7/2008 14:59

dvfsm,413, "Whatshot has just issued a sell instruction to its clients..."...I would have been a bit more impressed if they had issued it yesterday.I thought they were supposed to analyse the companys prospects not tell people what is history.Glad I don't pay them.

[wh1spa] 10/7/2008 14:47

Knowing our luck here the next announcement will probably be to say that they have got woodworm. I think FBG would do better if either Frank Spencer, Homer Simpson or Clouseau were on the board. Maybe all three!

[the shuffle man] 10/7/2008 14:33

How is Argonaut doing plus the Canadian operations, is the whole company a basket case ???

United States
The Company acquired, in Q3 2007, a majority interest in a wood chipping facility, Argonaut BioFuels LLC, located in Louisa County, Virginia. Wood chip production at the facility is expected to reach in excess of 150,000 tons in 2008 and over 397,000 tons pa from 2009 as a result of refurbishments following a fire in early 2008 as well as management improvements. The Company has also progressed the development of the proposed wood pellet facility on the same site as discussed below.

Key Operational Results
As a result of the acquisitions of Princeton and Argonaut, and investments made at Westbank and Princeton, we are pleased to provide the following operational highlights for 2007 relative to 2006:

• Pellet production increased by 220%
• Shavings production increased by 100%
• Total fibre products increased by 290%
These results reflect the focus and creativity of our employees and managers in a very busy year of designing and completing investment projects.

[dvsfm] 10/7/2008 14:31

Watshot has just issued a sell instruction to its client base citing possible serious financial difficultuies (you dont say) , prepare for more volatility.

[sg31] 10/7/2008 14:30

Wishful thinking.

[the shuffle man] 10/7/2008 14:25

for the vendors of Cour D'Alene it must be a no brainer to reverse the deal. They currently own paper in FBG which is worthless.

They can get their company back in exchange for the worthless shares. The company must be worth more than their current holding in FBG.

FBG give the company back with the associated debts. FBG have scaled down and can grow from a smaller base.

Also why didnt we get a full trading statement on the whole business.

Is this a case of finally getting rid of all the bad news or is this wishful thinking.

[sg31] 10/7/2008 13:45

Hardly worth getting out at these price,what a shower.

[dewi141] 10/7/2008 13:35

hi

I posted here last at teh time of the results, saying that I wanted the company to forget about the world domination plan, forget about diversifying into electriciy generation, and just stick to their knitting and just get profitable!

I wish I had acted on my misgivings and sold then.

I cannto see why anyone, looking at this company afresh, would invest in this mob.
They have delivered on nothing; everythibg they have touched has turned sour and every month a new skeleton comes tumbling out of the closet (this month it is the put option about which i think the PIs knoew nothing).

Ask yourself, do you think this lot can run a company.
If yes, where is the evidence?
If no, why invest?

Im out

cheers

[etarip] 10/7/2008 12:22

To who could they have sold?

[asparks] 10/7/2008 12:15

Major Shareholders Amount % Holding
Broughton Limited 45,000,000 22.07%
UBS Wealth Management (UK) 21,339,751 10.46%
Savoy Investment Management 12,255,355
6.01%
P. Greensmith, Esq.
10,910,499 5.35%
Maitland Investmemts Limited 9,386,666 4.60%
RAB Capital Limited
7,950,00 3.90%
Henderson Global Investors Limited 7,118,799
3.49%
Cheviot Asset Management Limited
6,457,675
3.17%

none of these has sold - can't be all that bad?

[jotoha1] 10/7/2008 12:06

tt2 and others, ramping dodgy companies is not nice!!! Have checked out the board and they are all without any track record, how they managed to raise money in the first place is the most interesting point!