Galileo Inn. Share Discussion Threads

[kennethrich] 01/4/2003 10:30

GREBO
MY POST 1671
WAS COPY AND PASTE OF CUBES101 POST A FEW DAYS AGO

[grebo] 01/4/2003 10:24

How can you accuse us of having little investment knowledge and then post that ?

The writing is on the wall and it's in 6 feet high letters. Yes, there is a chance the company will rise like a phoenix, but it's a VERY small chance.

Why do you say you don't expect the board to fail us ? Is it due to their great record of keeping us so well informed ? Is it cos they announced floats which didn't happen (and don't say it's just cos market conditions are bad - they knew that when the made that announcement).

I've kept my shares cos it's something I've decided to do, even though I know the risks of getting NOTHING back are very high.

You on the other hand have kept yours due to blind optimism and apparently that shows that you have more investing knowledge than the rest of us.

Ha

[simon cole] 01/4/2003 10:21

Shut up KENNETHRICH, stop your bloody goading you fool.

[kennethrich] 01/4/2003 10:16

I fail to see any experience in investing in the comments above.

This is a co that many of you fast buck merchants bought for 3 4th quater floats to t trade a result.

If you bought on a 12 month basis you may not be as worried.

The gulf war was always a risk to floating co's.

Why give sensonic away - if you look at est value it is now 8 mil rather than 12mil mkt cap as prev stated on iii new issue section. This is a 50% reduction.

There will post July -Sept period be a better market - hopefully gulf war uncertainty cleared.

The co cannot be sold via MBO below the true net asset value prepered by independent audit. To do so would infringe minority shareholders rights + be illegal under merger & takeover rules.

Sit tight stop winging and wait for news.

I may lose 5k if wrong but I would not expect the Board tofail us.

Also ir results are annouced then Directors can buy more stock as they will be outside the closed period.

GAI have a duty to us and to the investee co's - you cannot just sell Sensonic down the river force them to float just because it will make our accounts look better. Sensonic are a co with a future in their own right.

Paul Davidson holds 15% (when floated this was £3mill) at 1.25p per share this is £1.1million x 0.15 = £165,000. NO CHANCE OF A SALE BELOW 3-5p.
At 5p co is valued at 4.4 million and Davidson's share s = £660k
At 7p """"""""""""""" 6.1622222222222222222222222222222222=£920K

He will not sell out below 650-1 million for his 15% shareholding to do so would be crazy. He will take co over himself at les than 5p - you will see.

The Banks can fund Gai in the interim with cross Director and security over investee co's.

Don't forget GAI had no debt but £5 million CASH in SEPT 02!



cubes101 - 31 Mar'03 - 11:07 - 1616 of 1670


p.s an overdraft facility by bank to us for 1 million wolg keep GAI alive 18 months on burn rat at last years interims - TIME ENOUGH TO FLOAT THE CO@S IN A FRIENDLIER CLIMATE!

Some time the big gains are made by the silent but deadly shares.

[kennethrich] 01/4/2003 10:05

cubes 101
i thought you said there would not be a problem?

[cubes101] 01/4/2003 09:57

Has anyone had a response from the company today?

The results relate back to Sept 2002 - they must have been a going concern then as had cash at bank and were looking at new investments.

It is whether they have cash now surely?

[cappagh] 01/4/2003 09:35

The business of gai is to invest
in other companies, am I correct?
If so, have they gone broke as well
as gai?

[jubjee] 01/4/2003 09:10

What of Angus Monroes comments about the inappropriate loans related to GAI?

Hopefully this embarrasing mess may wipe that smug smirk of Davidson's face, maybe thats why the web sites down while they upload new director photos!

Can't see anyone taking these monkeys seriously in the city any more.

[knopfler] 01/4/2003 08:23

if the company is no longer a going concern, then you can kiss goodbye to the 1.25p offer, they don't even have to buy the company from the recievers.

they can just mop up the bussines contacts (take them over) for free.

as for the directors being held to account, forget it, they'll be up and running a new one before the recievers leave the building.

best thing is to commit their names to memory and avoid any venture they are connected with in the future.

i will admit that this turn of events (no longer a going concern) is actually worse than i had anticipated, but what's even more surprising is how calm i feel after being ripped of and decieved yet again, almost as if lieing, theiving cheeting company directors are the norm.

probably because it is!

[kennethrich] 01/4/2003 08:02

i see the site is still down they cannot afford to run it.... looks like they byer has looked at the books and done a runner this comapany will not come back unless they can find a sucker to back them ?

cubes101 hows the shock this morning how you never saw this coming?

[nav_mike] 01/4/2003 07:55

Tom

The fact that I got out at 4 & 3.75 sort of vindicates the move short term doesnt it? Im trying to withdraw from small and micro caps as there just arent the trades to make money even if you do get your research spot on.

With BBG I may get back in after the consolidation - these seem to have a negative effect in the opposite way to scrip issues being positive news. BBG is still on my watch list, but everyone had waited for so long on the merger I was keen to exit once I saw negative vibes.

Anyway, this is a GAI gloom and doom thread.....

[tom2468] 01/4/2003 07:50

yes I am but not too concerned about that why are you out?

Whats wrong with share consolodation and the fact amvescap now own 26%

[nav_mike] 01/4/2003 07:46

Tom

i dont actually feel that bad due to reasons stated above - others must be gutted.

Only thing I did right recently (apart from Corus) was to dump British Biotech the minute I saw the words 'share consolidation'. You still in?

[nav_mike] 01/4/2003 07:44

Wotcha Huge - Must admit if I hadnt discovered the joys of trading Corus I would be feeling very very sick this morning. A lot of people havent been that fortunate so I really do feel for them.

If directors of a PLC can make a statement about floatations that is bound to draw people in, then shut their mouths for 5 months and subsequently say the company is shagged, without getting nicked their really is no point to having the FSA. They might as well say it only applies to big companies

[tom2468] 01/4/2003 07:42

Sorry nav that you have lost again, but I cant believe people still hung aroung given the conditions and the lack of communication from the company.

[hugepants] 01/4/2003 07:40

yes its odd they didn't mention the 'indicative' offer of 1.25p. No doubt this offer was made down at the pub one Friday night by some passing drunk. Really awful stuff. 5 years for each of the directors seems fair. Maybe time off for good behaviour.

[nav_mike] 01/4/2003 07:19

MrK

Given the real statement issued by the company today, I think thats one April Fool thats a bit too realistic. Fair few people will be wincing when they read GAI's prospects are nil and therefore that prank aint very funny anymore...

sorry to be a killjoy an all that

[minuteman] 01/4/2003 07:05

I know, all I can see is that the company has been suspended, correct me if I am wrong

[kennethrich] 31/3/2003 23:34

mrk your up late mate
bridge over troubled water song title comes to mind
lets hope that it is lloyd that has put the bid in ?