Galileo Inn. Share Discussion Threads

[sreddy] 17/4/2003 15:56

efficient trader,

When did the directors sell 20m at 2-3p?! They didn't.

I still think that the wording does not rule out some return to shareholders. It certainly doesn't say administration or receivership yet. The liabilities of GAI apart from investee overdraft guarantees, ie Sensonic at £1.5m, are small.
The maths says there should be something left, even allowing for wind up fees. We might even be left with a cash shell. Awaiting next announcement.

[knopfler] 17/4/2003 15:52

efficient trader - as did i

the fsa don't give a f... though, no-one does.

as for the board, if they did sell into the float statement then they absolutly don't give a f... and are wealthier for it.

i mean would you give a f... about the 'little' people if you had just given yourself a six figure bank balance at their expence.

if i were them i would be reading this bb with a massive smile on my face

[efficient trader] 17/4/2003 15:47

Give me a break, they havn't summitted any results, they are going pop.

[cubes101] 17/4/2003 15:44

The wording is not bust

[cubes101] 17/4/2003 15:44

The wording is not bust

[sreddy] 17/4/2003 15:41

I've got to say, the company has not gone into administration yet. It might mean that even after losing the guarantee deposits, particularly Sensonic at £1.5m, and paying off liabilities, there may still be funds left for shareholders. They had c. £5m in November.

[knopfler] 17/4/2003 15:36

just group board done a similar thing and they are all now running their own businesses. some of which they purchased from the administrators. the city don't give a f... for as long as they make money out of the likes of us.

my offer stands - £1 for the lot

[jubjee] 17/4/2003 15:27

As suspected they have waited to 'bury' the bad news just before the bank holiday to attract least attention!

That RNS about the three floats looks very suspect now, where has the potential buyer gone? Suggest the FSA look into this one.

[knopfler] 17/4/2003 15:26

they never asked me if i would buy it.

£1 and i'll take it all (except the debt)

[army9] 16/4/2003 22:21

Who mentioned lay off - the receptionist is grat at taking sharholders details and failing to pass it on to the Directors.

[grebo] 16/4/2003 16:39

Cappagh,

I don't know the answers for certain, but if GAI are going to the wall then it's likely to be cos they can't meet their banking commitments. If this is the case then any such commitments will be paid off out of any assets they own first.

When companies go banrupt the administrators fees are often quite horrendous, and the shareholders are last in the pecking order.

So if they do go bust don't hold your breath. It would be possible that we'd get something back but it's quite unlikely.

If the company is in that much trouble then the best bet for us poor shareholders to get anything back would be a bid for the company.

[cappagh] 16/4/2003 09:05

Can anyone help?
What companies have GAI invested in?
Are these companies a going concern?
If GAI goes to the wall what will happen
to th monies that's invested in these companies?
Will GAI shareholders get shares in these companies?

[qazwsx123] 15/4/2003 19:26

Alizyme (AZM) looks interesting. Expected news:

1) May 2003: PIIb results for Renzapride treating c-IBS (514 patients).
2) Mid 2003: first licensing deal for Colal-Pred.
3) Oct 2003: PIIb results for Renzapride treating m-IBS (170 patients).
4) Oct 2003: PIIb results for ATL-962 treating obesity (340 patients).
5) H2 2003: PIIa results for ATL-104 treating mucositis.
6) Q4 2003: further pharmacokinetic/dynamic results for Renzapride (48 patients in USA).
------------------------------------------------------------------------------
7) H1 2004: licensing deals for Renzapride treating c-IBS & m-IBS.
8) H1 2004: licensing deal for ATL-962 treating obesity.
9) H2 2004: PIII results for Colal-Pred (active disease and remission trials).
------------------------------------------------------------------------------
10) H1 2005: Colal-Pred on market.

[ladylucy] 15/4/2003 19:04

Intheno,

Seems to be true I heard the same from a number of people today, seems like the fat lady has sung for GAI, Mr K can start his action group now!

expect the RNS soon, no doubt just before the easter break whilst these guys sneak off to spain!

[jubjee] 15/4/2003 16:42

Sounds about right

[intheno] 15/4/2003 16:33

Has anyone else heard the rumour that all members of staff were laid off this am?

[jq699108] 15/4/2003 00:55

Love to know what they say about him!!

[jubjee] 14/4/2003 15:25

Any truth in the rumour that GAi are to appoint the Iraqi Minster for Information in an attempt to improve the accuracy of RNS and improve investor relations?

[nav_mike] 14/4/2003 14:22

Seeing as we can obviously trust every word our board of directors say, we have only 16 days to wait now until all is resolved....

.....anyone dare to disagree? LOL