Game Share Discussion Threads

[bubble pricker] 14/6/2012 19:29

My CFD remains unsettled, incurring daily charges.

[bingowing] 31/5/2012 18:50

Got a reply.......


No value will be given to shareholders.

Infact she advised me to offset the lose against any capital gains achieved.


i'll switch the light off behind me.

Was a blast.

[shareho1der] 25/5/2012 18:06

you will wait forever. get over it. GAME OVER.

[bingowing] 17/5/2012 13:50

awaiting a reply from Opcapita....

[bingowing] 23/4/2012 13:20

is evaluating a 'potential' sale of

Has it gone or is it potentially going??

[graham2405] 20/4/2012 06:56

bingowing

You of course realise that they have already sold the Iberia (spain/portugal) businesses for a token sum?

[bingowing] 19/4/2012 14:48

The foreign business are still making money even as we speak their tills are ringing.

i don't think anything i'm simply airing my thoughts'

£10k gives me that right... i hope?

[graham2405] 19/4/2012 14:47

Simply put, if the banks (secured loans) had to take a haircut, do you seriously think that unsecured suppliers and landlords will get 100%.

Leaving something for Shareholders?

Soon enough the Tax man will list GMG as of 'negligable value', and you'll be able to offset the loss against your CGT.

[typo56] 19/4/2012 09:06

Unless creditors receive 100p in the £ then I can't see how shareholders will receive anything. I thought ordinary shareholders were bottom of the pecking order.

[bingowing] 19/4/2012 08:55

Typo56 - 19 Apr'12 - 09:42 - 4164 of 4164


Annoyingly you are of course correct!


I'm expecting nothing but in all honesty i will be surprised if we don't even get a nominal sum back.

i think for those who have averages above 10p then yes no hope at all, but a small percentage of us have very low averages here and we should see something back IMO maybe not a profit but still.....

[typo56] 19/4/2012 08:42

Makes you wonder why game didn't just do all this themselves???

How much of a hit have the creditors (eg landlords) had to take on this?

I think the problem is, when you're a going concern how do you ask your creditors to take a hit and how do you close stores and renegotiate rental agreements? And do this without shareholders losing their shirts. Once in administration you've got your creditors over a barrel!

[mojomonkey] 17/4/2012 16:48

I have a few of these and it is a hard pill to swallow but we ain't getting anything for them, if anyone has proper share certificates then stick them on ebay, they might be worth something for a novelty buy.

[bubble pricker] 17/4/2012 11:48

Justthemoney, which part of insolvency law needs to be changed? Can you be more specific please?

[justthemoney] 17/4/2012 09:23

Low cost/maintenance alternative to individual share picking:
ETFs (commodities, indices). Wait for a natural swing down...buy...sell on a natural swing up. 1-2 trades per year. Cannot go down to zero. And if you take a long term view, almost guaranteed profits.

[shareho1der] 16/4/2012 21:04

yes justthemoney, I agree with you.
UK is one big corrupt country.....avoid putting your money there.

[justthemoney] 16/4/2012 17:52

Greater things are yet to come - 16 Apr'12 - 17:49 - 4156 of 4156
I have to say I'm with you on this one. Stock market, especially UK has become a big casino. You can't buy and enjoy dividends for years to come. Following this GMG spectacle will most likely pull out of the UK stock market altogether.

People who think that shareholders have not been robbed here live on the Mars. You don't sell profitable and debt free parts of the business for £1. UK administration laws will need to change to prevent this happening over and over again. Have you heads examined and good luck with you 'investments'.

[greater things are yet to come] 16/4/2012 16:49

lol

Only idiot addicted gamblers got burnt here... 0p... Game Over... was all over
it for over a year with unending warnings. HMV is the same as are many others...

Trouble with such sense and caution is the same just accuse you of being a
shorter.. lol!


Deepest depression/recession of all time with markets falling 75% is inbound
but normalcy will mock, disbelieving, just like they same did over GMG offering
that "£1.50 per share recovery was not pie in the sky, not at all", and similar
false expectations of being addicted to gambling, whether shorting or long...



UK shares gambling has been a mugs name for over 2 years, whilst Gold has
advanced 50%..

[shareho1der] 16/4/2012 14:57

justthemoney.
that gmg share certificate is not worth the paper it's written on. I would sell it for £10 if I were you.

[bubble pricker] 16/4/2012 13:03

justthemoney, you just do not see to be able to understand the concept of equity in a company. The shareholders come last, after all creditors. To state that the administration process is "legalised robbery" just illustrates that you have no clue whatsoever. The administration process is very simple: the assets are sold and the proceeds used to pay off the creditors. Administration is by definition an insolvency event, so there will not be enough assets to pay off the creditors completely, hence the shareholders will get nought. What is it that you feel you have been "robbed" of? You don't seem to be able to grasp the concept that a shareholder in the company owns a fraction of the equity. If debts exceed assets, the equity is negative.