Galileo Inn. Share Discussion Threads

[kennethrich] 17/3/2003 19:03

mrk
keep up the good work... take no notice to some people.... they like to have ago for no reason.... for what i see on this board you have only done good work while others that complain have done little mind you what changes that is life......

i see a fake rise the spread still wide as ever....
they are making sure that you do not sell or buy..with giving such a large spread....
tend to think they are nervos.... and do not what to show there hand....maybe they are like us they do not know the full story but the only problem with that is that 9/10 times they do know the story just trying to sucker people into buying or selling......
but once again the charts where giving the warning lights 4 months back that there were problems...
but any way how are you getting on with learning the charts ?

[mrkournikova] 17/3/2003 17:11

Bigspuds, thanks. Sorry if my previous posts had lacked clarity or justification but I'm glad that the previous one has made up for that.

Very pleased to see the 0.13p rise from 1.25p up to 1.38p. Someone out there is smoking that stuff!

MrK

[bigspuds] 17/3/2003 16:53

Mr K thats actually the first post you have made that makes sense and I concur...... things are hopefully not as bad as they seem, with the war being sorted out any ipo's will be subscribed especially if they provide value....ther's a lot of funds that need to make dosh quickly and with ftse companies at or approaching fair value there has to be some avenue to make losses back.........imho......wonder why the tick up to 1.75 offer?

[mrkournikova] 17/3/2003 16:17

Hi,

Perhaps I can put some positive spin on the current situation we are in. I know I have always taken a positive view of Galileo. I stand up and admit that my voice has been one of the loudest both in communication with the directors and Bankside, Galileo's consultants and advisers and commenting on this bulletin board.
Where should I start in assessing our current situation?

I think The Approach is the best and perhaps most relevant place to start. In a press release of 13th March Galileo issued in immense detail that An indicative approach has been made for Galileo Innovation plc at 1.25p per share which the board is currently considering. The fact that our board are considering this does not mean this is a done deal! It would appear that it might well be in our interests for the board to consider this deal. The statement was so bland and lacking in detail that we can only guess as to why Galileo have received such a disappointingly low approach/share.

Results Galileo do not have to issue results within the next 2 weeks but I fail to see the results not being released. The statement from the Chairman/CEO will almost certainly give reference to the approach and hopefully provide us with more detail. We will be given an update as to how the floatation’s are progressing. N.B I assume the floatation’s are still progressing but I can not confirm this.
It is now the 17th March and Galileo have until 28th March to release the results before suspension. This is the 180 day deadline, it is not a 6 month deadline. Much of this confusion will be cleared up in the imminent future. I have no idea if it will be good or bad news.

Action Group Action Groups are set up to give management a kick up the backside and to create shareholder value. I am currently of the opinion that our board should be given time to prove their ability and I have every faith in them. I think the shareprice reflects the uncertainty surrounding the company. In a market like this depressed shareprices are reflecting worst-case scenarios. Galileo have some terrific intellectual property but there is no value placed upon it whatsoever. Such is the nature of the market. If value were placed on it then we might be closer to Paul Davidson's figure of £2/share. Our board appear to know what they are doing and Galileo is still in its infancy. I am sure our board are only too aware of their mistakes over the last year and that we will see a different perhaps more conservative nature taken by the company from now.

Paul Davidson Paul Davidson is a very successful entrepreneur and deserves credit for his success. I do not know whether this an audacious approach by Davidson for Galileo but his comments suggest the approach is not from him. Again, time will tell.

We must now wait for the results to be released (hopefully) in the next two weeks. Let us hope that life at Galileo is not as negative as the shareprice suggests! Only then will we know the true situation our company is in.

Perhaps we were all caught up too much by the disappointing approach that our company received last Thursday. We have to hope that it is up, up and away from here on!

Regards

MrK

P.S - Thanks very much for your kind words cappagh and others.

[he who does venture] 17/3/2003 10:55

cappagh: - good post.

[cappagh] 17/3/2003 10:11

knopfler
MrK might be young, but he has had the guts in the past
to phone up gai. You need people with a get up and go approach.

[cappagh] 17/3/2003 10:05

Responsible Lad - 17 Mar'03 - 09:27 - 1407 of 1412


Everyone may as well sell this junk off @1p, since I doubt you will be getting more than 1.25p at the most.

Responsible Lad
You say that you would just as well sell for 1p
If holders do that, then they will also have to
pay dealing charges!!!

[knopfler] 17/3/2003 10:03

kennethrich,

i did not say 'i wasn't being personal'. i said - 'mr k. i know you will take this personally, you only have my word that it is not malicious,

a fine line maybe, but was meant to be constructive criticism rather than a dig at mr k in a negative way.

of course the other side of the coin is that , at 19 mr k. has a stronger personality than i give him credit for and may well have the tenacity to do a good job.

time will tell.

[responsible lad] 17/3/2003 09:56

I had to sell for a penny since I would of been bankrupt threw other deals. Now I want to buy back my Galileo shares within a months time.

[responsible lad] 17/3/2003 09:56

I had to sell for a penny since I would of been bankrupt threw other deals. Now I want to buy back my Galileo shares within a months time.

[he who does venture] 17/3/2003 09:52

Hold and wait for news, it's the only sensible course to take.

[grebo] 17/3/2003 09:35

So why sell at 1p ? That's 25% difference !

[eurofox] 17/3/2003 09:34

RL,
that is exactly what they want you to do!

[responsible lad] 17/3/2003 09:27

Everyone may as well sell this junk off @1p, since I doubt you will be getting more than 1.25p at the most.

[kennethrich] 17/3/2003 08:40

knopfler

mr k. i know you will take this personally, you only have my word that it is not malicious, you seem a little 'excited' at the prospect of leading such a crusade and come across a little immature i'm afaid to say, maybe you should leave it to those more seasoned than youself should an action group be formed. you might learn more watching others rather than leading them.

a bit strong you say you are not being personal but words like "EXCITIED " IMMATURE" IF THATS NOT BEING PERSONAL I DO NOT KNOW WHAT IS THEN ?

WE ALL HAVE TO START SOMEWHERE ?

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[knopfler] 16/3/2003 17:47

i'm not sure it would be fair to ask 'gos' for any help, what they have done with just group has been a miracle, but an action of that magnitude has taken its toll. 'jag' has taken over their lives and almost destroyed some marriages. some are still working hard to this day.

unless they volunteer their help freely i think they should be left alone to get their lives back together, this is not their fight.

an action group is not a fashion accessory that every self respecting private investor should have, its a 24/7 nightmare with little or no reward. if you start one - it dictates to you how hard you work and when you sleep - do not start what you are not prepared to finish.

mr k. i know you will take this personally, you only have my word that it is not malicious, you seem a little 'excited' at the prospect of leading such a crusade and come across a little immature i'm afaid to say, maybe you should leave it to those more seasoned than youself should an action group be formed. you might learn more watching others rather than leading them.

anyway that's my contribution for now.

[bluemerle] 16/3/2003 16:34

We don't know all the details yet, so there's no point in speculating.

[kennethrich] 16/3/2003 16:26

what do you want to gain from your action....
yes you might stand a chance of stopping the buyout... but this is slim
how much is this going to cost....
is it worth taking legal action against them as they are a small company...
you could well bankrupt with legal action....
i just think you are spending more money to chase that the money has long gone
it seems that they have burnt a high % of their cash....
this is the trouble with these small companies it is the gamble you take...
who will deal with them the lse or sfa are all to weak to deal with these type of problems.....
your best chance might be if david lloyd wants to take action against them...
as he will get the media on his side... as this will help to shame the directors....
or he could well be the buyer would not be the first time he has done this with this type of company... ?

[mrkournikova] 15/3/2003 22:17

Cheers Cappagh,

I'm good friends with Paul Scott though so Paul has offered his advice and support if any action group is formed. Perhaps a little to early to speculate over forming an action group. I'm just awaiting all the details.

MrK

[cappagh] 15/3/2003 19:31

MrK
Because of the medication I take, won't
be much help, but am willing to do what
I can. As for advice, the best place to go
is the JUST thread (jus). They have had a battle
this last year, so they will know where to start,
also the ins and outs of forming an action group.

[sreddy] 15/3/2003 16:09

ludoo,

No, they haven't been removed.

[ludoo] 15/3/2003 10:42

all details removed fro Galileo website!!

[simonevans] 15/3/2003 09:22

The Davidson comments above are unbelievable if he really said that. Is he on another planet? A shared trading at 1p is not really going to be subject to a £2 offer is it...someone has just totally lost the plot. I think the city have given up on this man, which is why all his investments and associations have crashed in price. At the end of the day, it's been a good ride for him, but most of it has been "hot air". With the benefit of hindsight the spread-bet was the turning point - let's hope the FSA take action as I think that this was an extremely dodgy and untrustworthy move. I guess he has paid the price as know-one will look at his investments in the future and rightly so in my opinion. I still have some shares and would be pleased to join an action group.

[peea01] 15/3/2003 00:52

how many required for 10%?