Fox Marble Share Discussion Threads

[echoridge] 11/4/2022 20:27

As for the 'loan' the CLN investor will be inside on the RTO transaction and is clearly providing the funds in order to facilitate the RTO and nothing else. They are the only 'lender' of any consequence. The pass-through from FOX is just a technicality. Read harder, you shameless muppet.

[echoridge] 11/4/2022 20:20

Despite a shocking price fall as endlessly observed by legitimate shareholders and shameless ghouls like glen, Fox Marble still has a market cap around £5m. By DEFINITION - even at this early stage - Fox and Eco management (and the NOMAD) MUST have been able to persuade the relevant AIM official that Eco have sufficient value (assets from cash to sales to future orders, etc) that materially exceed that £5m market cap, in order to for FOX to be allowed to suspend their shares subject to an RTO transaction by/of Eco (that's where the 'R' or 'reverse' comes from in the RTO designation, fellas). Of course, now it is up to the new FOX-ECO team to provide the market with official documentation in the form of a pathfinder and prospectus where they reveal how the value of ECO is comprised in order for the transaction to go to a shareholder vote. No suspension would have been requested - and none would have been granted - if the relevant INITIAL oversight was not performed and satisfied. Maybe you guys missed that kind of simple stuff while you were spooning over LOQ.

[effortless cool] 11/4/2022 20:07

"AIM (and AIM NOMADs) absolutely do do significant oversight before allowing even this type of preliminary transaction as they are utterly allergic to allowing even a day's suspension of a Company's shares, let alone an extended period that results from a mooted transaction such as this one. AIM is 'policing' everything these days. RNSs are scrutinised to an inch of their lives for fear of falling foul of the AIM poobahs on the tiniest of points".

This is complete fantasy. It's plain that you have never been near the issuing of an RNS. By contrast, I have, many times.

And, regarding the loan, I don't need to read a book, I just need to read today's RNS:

"As part of the Proposed Acquisition, Fox Marble has raised approximately £400k by way of a convertible loan note ("CLN") with which it has made a loan facility of up to £400k available to ECO Buildings for general working capital needs ahead of the Proposed Acquisition (the "Loan Facility"). The Loan Facility will have an interest rate of 2% per annum and may be drawn down in four tranches. The Loan Facility is repayable on the earlier of (i) the date of completion of the Proposed Acquisition, (ii) twelve months after the date of the heads of terms, or (iii) three months after the date that the Proposed Acquisition negotiations are terminated.

The CLN will carry an interest rate of 2% per annum deferred for 2 years and a term of 5 years. The CLN is convertible into Fox Marble ordinary shares at a price of 6 pence per share. Should the Proposed Acquisition not be completed by 31 December 2022, the CLN will only be repayable to the extent that the Loan Facility is repaid to Fox Marble".

[echoridge] 11/4/2022 19:56

And you're just plain hopeless, effortless (can we extend it to 3 and point out you're witless as well?). AIM (and AIM NOMADs) absolutely do do significant oversight before allowing even this type of preliminary transaction as they are utterly allergic to allowing even a day's suspension of a Company's shares, let alone an extended period that results from a mooted transaction such as this one. AIM is 'policing' everything these days. RNSs are scrutinised to an inch of their lives for fear of falling foul of the AIM poobahs on the tiniest of points. I would suggest the fact that you are ignorant of this reality makes a complete mockery of your self-professed financial knowledge, but your final comment that FOX are 'loaning' Eco 400k makes that case 100x better. Read a book ffs.....

[glennborthwick] 11/4/2022 19:47

Loq. Now accesso

[glennborthwick] 11/4/2022 19:47

By the way effortless and me shared the distinction of buying low at about 10p probably 15 years ago which went to 12 quid I think. I sold out. A tad early but our paths have crossed rather successfully quite frequently.

[glennborthwick] 11/4/2022 19:45

Stone alliance. Legal issues in Kosovo. Massive orders that actually don't end up showing in turnover. Need I go on. I too have never bought a single share in this but like following strange companies. What was the aim Yorkshire one that went to some bank in Brazil to be conned by a couple of actors with some nearer bonds.

[effortless cool] 11/4/2022 19:25

echoridge,

You seem hopelessly confused.

AIM does not act as a policeman over foolish transactions by its constituents. This is a PROPOSED ACQUISITION and will only take place if FOX shareholders vote in favour of it. When that vote takes place, FOX will need to provide much more information regarding what it is buying and why. All FOX has done at this point is loan £400k to ECO Buildings.

I would suggest that anyone still holding shares in FOX is necessarily stupid, so there is every possibility that shareholders will approve this absurd transaction. I myself am not mad at Chris Gilbert, as I have never held any shares in FOX. I just enjoy following the stories of some crooked little companies.

[echoridge] 11/4/2022 19:09

Imagine glen as a dragon

[echoridge] 11/4/2022 19:05

Ok, finally have some free time. So effortless, pug and glen - school me some more about how a company - according to you with nothing more than £1k in assets - would be allowed by AIM to be reversed into a £4.5m listed company and cause the suspension of the latter Company's shares subject to a transaction? No Pathfinder, no Prospectus but you are ABSOLUTELY CERTAIN that it only has £1k in assets because that's what a page on Companies House website that you so proudly shared from your extensive due diligence, indicates. And why are you so certain, despite it being a patently dopey assertion on its face? Because Fox shares have fallen a lot and you're really, really, really mad at Chris Gilbert. Great work fellas.

[echoridge] 11/4/2022 17:15

tough luck then glenn. with this merger, it looks like you could end up being spectacularly disappointed

[glennborthwick] 11/4/2022 17:12

Imagine this rocking up on dragons den with this valuation.

[glennborthwick] 11/4/2022 17:09

After 10 years the companies turnover is only 750k. Even before pandemic only 1.4 million. Add up the directors wages in those ten years. Add up the placements. It's a lifestyle company providing Gilbert with a living. Shouldn't even be listed really.

[echoridge] 11/4/2022 16:38

another hint for you market geniuses: if ECO had only £1k of paid-in capital, this RTO would never have gotten near today's announcement. There is still wood to chop, but it still had to go through a proper vetting by both the NOMAD and the relevant AIM board. To suggest otherwise, that essentially FOX would have been allowed to reverse in a company with no assets and no order book, is so stupendously dopey as to suggest that anyone posting it would almost certainly not be the market guru they imagine themselves to be....

[echoridge] 11/4/2022 16:28

sorry, glenn, who doesn't know the correct eco? I hope you're not referring to me.

[echoridge] 11/4/2022 16:05

keep digging EC. you'll get there eventually

[glennborthwick] 11/4/2022 16:05

Mate. You didn't even know the correct eco company. I've been doing this bonkers aim stuff since the jam had Paul weller as a lead singer.

[effortless cool] 11/4/2022 14:52

Yes, he also shows up in his capacity as a director of companies that have gone bust.







Clearly a business genius of a level befitting FOX.

[echoridge] 11/4/2022 14:23

here's a clue for pug and his acolytes though: chercher D Redfern, who I just noticed he located as a director in one his links. Redfern doesn't show up in this capacity for £1k paid-in-capital companies.

[echoridge] 11/4/2022 13:12

I'm in FOX - and the markets for that matter - as long or longer than anyone on this board, gb, so you can't pull the grizzled old veteran stuff on me (in fact, I believe I started the original FOX board here soon after floatation if I'm not mistaken). I know the company's painful history as well as anyone and while I might argue the Company has been more sinned against than sinner, I'm plenty p*ssed about the money I've lost just like everyone else. However, that doesn't make this potential deal any less a possible winner for legacy shareholders. As soon as I have some real time tonite/tomorrow, I'll share some more relevant info than a couple of simple links to Companies House pages.

[glennborthwick] 11/4/2022 12:55

Us seasoned watchers have seen fake websites ownership issues of quarries strange doings with America dodgy directors from Swindon turnover less than a corner shop. It's a great movie that's for sure

[echoridge] 11/4/2022 12:48

Nonsense AND bargepole, huh Effortless? Wow, sorry you feel that way. Meantime, keep digging.

[effortless cool] 11/4/2022 11:41

We've been following the same trail, PUGUGLY.

Turning to Genard Kadiu, he is an Albanian gentleman who, alongside taking a stake in ECO Buildings, has also taken ownership of an interest in Apex Systems Ltd, another dormant company. Notably, he has not joined the board of either of these businesses.

[pugugly] 11/4/2022 11:30

echoridge - Sorry - According to Companies House data ECO Buildings Group Ltd which is mentions in the rns only had a paid up capital of £1K.
This is not substantial.
Have you checked the companies house link? Or where is your evidence that they have substantial capital - The loan appears to have been acquired by Fox and not by ECO.

EC - Lindon Holdings appear to be a dowmant company although with apparent past association with Galliford Try Homes - Interesting

[effortless cool] 11/4/2022 11:28

That's nonsense, echoridge, ECO Buildings Group had £1,000 capital and no apparent business. There are also no meaningful affinities between the existing marble business and the new proposal.

FOX has long been a bargepole stock, but this latest twist makes it even more so.