Friends Share Discussion Threads

[illiquid investor] 13/11/2006 15:01

cheers inod price fell back like a rock but now wont let you buy more than 25k so looks like games in play....

[inod] 13/11/2006 13:53

good luck, and make some money ...

[illiquid investor] 13/11/2006 13:51

back to where it was late morning ...thanks inod i am not sure either interesting to see this one play out and how potts and co behave

[inod] 13/11/2006 13:49

ii - I think you'll find that the % required will be governed by the company's constitutional documents, so the answer to your question is I don't know.

[illiquid investor] 13/11/2006 13:47

is that the plop you meant :-)

not me i might just add

[illiquid investor] 13/11/2006 13:33

Even assuming a market capitalisation of £1 million after the re-org, this will be worth £950,000 to them,

they are worth nothing if they cant sell them....do you think they could sell 95% of the company and get 950,000....

what in your opinion will the consortium need to pass the resolutions if this is the case....will it be more than 3% for an example ????????????????

i know all the risks and stuff and said so back in early posts just think there is more to this than x shares will equal y and so will plummet to z imo and will probably sell 20% before the 1st December to take out my initial stake.....see what happens

thankxs for your post by the way i do listen :-)

[inod] 13/11/2006 13:27

ii - they are not throwing any money away. They are putting in £200,000 to get a shell, and are giving current shareholders 5% of the shell. Even assuming a market capitalisation of £1 million after the re-org, this will be worth £950,000 to them, a great turn for them with NO trading company - effectively, this is just like a new IPO.

The ONLY thing that is supporting this share price is either new mug PI's OR the consortium who need to own a percentage of the stock to pass the resolutions, either way existing shareholders need to tread very carefully, becuase althought the MM's may be short of stock now (hence the markup today), once the buyers disappear, everyone will be frozen out and the share price will plummet.

I sincerely wish you and others all the best, get out at the highest share price if the mm's are short, before the fall, imo.

[illiquid investor] 13/11/2006 13:19

duss i just looked at the list of threads you have created.....say no more

[illiquid investor] 13/11/2006 13:18

if the price goes to 0.01 I will buy as many as possible you forget in your mathmatical calcs the RTO of a solar company...new cash to be raised....i am assuming potts and co are not htrowing money away for fun

[dusseldorf] 13/11/2006 13:15

7.0 Why the share price hasn't tanked by now is really beyond me ...

Because the lemmings are still buying

[inod] 13/11/2006 13:13

totally agree with you saffy - once they own enough to pass the resolutions, there is no reason why this share price should be anymore that 0.01-0.05 (0.05 being the maximum assuming a very, very, very, optimistic premium to the new placing).

[inod] 13/11/2006 12:38

Suppose the market capitalisation today is worth £400,000.

1.0 Existing sharholders will only own 5% of the company after the capital reorganisation. This implies a market capitalisation of £8 million at today's prices. (£400,000/0.05)

2.0 After the re-organisation, existing shareholders will be massively diluted - they get 99 worthless deferred shares, which will be cancelled, and one ordinary share.

3.0 After the capital re-organisation, the consortium will own 95% of the new company.

4.0 If you assume that the new company is worth an impressive £1 million on 4th December (for what reason, heaven knows), then the new consortium's shares will be worth £950,000, a massive increase on their original £200,000 investment, and yes they will subscribe for the new warrants.

5.0 Existing shareholders will own 5% of the £1 million = £50,000. The share price after the re-organisation might be (£50,000/£400,000 * 0.4p). i.e. the market cap of the 5% after the capital reorg, divided by today's market cap, times the current share price ergo, the share price on the 4th December could be 0.05p.

6.0 And remember, existing shareholders get NO MORE shares, only deferred ones which are worthless, and will be cancelled.

7.0 Why the share price hasn't tanked by now is really beyond me ...

8.0 all imo, dyor.

[safman] 13/11/2006 12:03

i will also add there is one interst here and that is for the concert party ONLY.. not for current equity holders. That is the diff between this and NCS.

also, again, i my view is that if they need that certain % to pass the EGM, and if they cannot get those shares the price will go up.. buying on the mkt.. as soon as the target has been reached ..this will tank even before the 5th..

imo..

saffy..

[safman] 13/11/2006 11:57

thats just my opinion.. they make money on their investment. At current prices which r v. unrealistic taking the bid value fully diluted, u have a mkt cap of around 10.5mill.. mid value around 12 mill.

its not like NCS which has a major shareholder selling a stake. That shareholder held 58% and sold 29.9%.

down here there are no shareholders holding that amount.. this is one scenario in a few..

saffy..

[illiquid investor] 13/11/2006 11:49

safman how do potts and co make there money then here.........how many do they need to pass the EGM :-)

[safman] 13/11/2006 11:45

Last time i looked , of the 100 mill shares in issue, there were not and sig holding apart from around 20 mill shares held by dirs and i think the FLG trustees or something.

agree with inod though, these will tank either just before suspension or when the concert party has enough shares to pass the EGM..

imo..

saffy..

[illiquid investor] 13/11/2006 11:41

how does potts and co make some money then....just putting cash in ???????

[inod] 13/11/2006 11:38

ii - my point being that there should have been some tie-in for the warrants.

I think the reality of this stock, is that the mm's will have a great deal of fun until 4 December, when the new shares will commence trading and the existing ones will be diluted. The following day, on 5 December, these will be suspended. The challenge for existing shareholders is to try to get out of their holding (and make the best price possible before 4 December) as the mm's play their games with the share price for new pi's that appear on the scene. I truly believe the value of the diluted stock will trade at a significant discount to the current share price following the placing, and existing shareholders who are brave enough to hold these will have an interesting few hours trading before the suspension of the shares the next day. Holders will then have a minority stake of under 5%.

For those shareholders who are brave enough to hold these through that period and into suspension on 5th December, the very best of luck to all of you. It will clearly be a long term hold for you, and I hope that you make some money.

imo, dyor etc.

[illiquid investor] 13/11/2006 11:37

dont no what you mean ??????

[sweetiepye] 13/11/2006 11:33

hi yall

on november 8 there was an announcement about restoring the float - at the end there was tad of a problem for any institutions who are still in there BUT WHO CAN'T HOLD UNQUOTED STOCK:

"Following the subscription, Flightstore will have additional funds to
strengthen its balance sheet so that, in the short term, it can continue to seek
suitable acquisition opportunities.
HOWEVER, the company will not have completed an acquisition by Dec 5 2006,
and the ordinary shares and the new ordinary shares to be issued under the
subscription are expected to be suspended."

WHOOSH

[illiquid investor] 13/11/2006 10:46

inod do you really think they will or even would be able to sell that amount onto the market.....if they intend to rto a solar company they will not sell for a long time and most definately not while they own 95% of the comapny

[inod] 13/11/2006 10:40

well at the current market price, the warrants will certainly get exercised, causing further immediate dilution. i don't see any tie in clause for the exercised warrants, and presumably they can be sold immediately in the market.

[illiquid investor] 13/11/2006 09:04

most you can buy online is 37500 for 0.33
most you can sell online is 1 million for 0.31

is the market short of shares.................

[illiquid investor] 13/11/2006 08:55

duss you post.....even if the reverse goes ahead, additional issue and dilution will be at 0.01p or equivalent....

really what makes you think that...i would imagine now potts and co have an initial £200k in the company they will want a rto at as high a price as possible and new funds raised as high as possible with a solar company that should see very quick growth if on a par with related sector stocks

your scenario gives potts and co sod all return on their £200k investment + as this is small change i assume this is only the start of things to come.

all my own words but more to come in my opinion and the market is short of stock at the moment i think

not for the pension money but could be a good one to follow i hold

[dusseldorf] 12/11/2006 17:13

f@@k me, this is the most over valued stock currently on the market - agree with the above interpretation regarding 7.5m valuation for a shell company. The only reason this is holding up is because the stock hasn't hit the market, when it does this WILL go down to 0.01p equivalent - do yourself a favour and sell this is approx 25x too expensive(!) - even if the reverse goes ahead, additional issue and dilution will be at 0.01p or equivalent....

you have been warned..