Global Natural Energy Share Discussion Threads

[model635] 17/1/2009 07:15

kooba - the unsolved mystery is why Vaiman used his then 38% holding to vote for the new strategy following the sale of PEX when he could have had 284p cash.

Why would he now take 190p?

[kooba] 16/1/2009 21:13

i think that vaiman will vote with concert party guaranteeing sucess in exchange for him selling a large part of his holding in the share buyback [though they will move the price up to 190p for him so he gets the same as his mates as promised]..it does not appear that mr ratcliffe is beyond that bit of bargaining...even if it does not treat all shareholders equally.
the company's nomad is the first line of defense for the fair treatment of all shareholders....cheers s.p....but i suppose you need the extra fees.

[model635] 16/1/2009 18:35

Yes but he sold a chunk to Ratcliffe and friends however from whispers and rumours I deduce that Vaiman is no longer supportive of the new proposals.The fun could be just about to begin!

[richgit] 16/1/2009 18:24

Thanks.

Its all been so long.

Didnt he previously hold (combined) circa 29% ?


I can always remember saying that he used to hold ALL the cards.

[model635] 16/1/2009 18:06

richgit - On last week's share register Vaiman's combined holdings were still showing as 17% (goml went in person to the registrar to get it - thanks Ian) .

[richgit] 16/1/2009 17:46

Model.

I have to confess to not taking enough notice on that score-The considered concert party has already obtained circa 29%-and others have also grabbed stakes= so who has and has not sold ?
I had presumed V had indirectly sold,as He always held the cards before.

Am I wrong?

[model635] 16/1/2009 17:26

Ratcliffe's attempt to discredit the shareprice may well come back to haunt him.

I can't imagine he gained any respect from the likes of Vaiman who still holds a little more than he does.

[chrismez] 16/1/2009 16:42

richgit - I understand that logic and you're right about it ie selling now as Simon C says does not look to be a good idea, but that logic has been brought about by Ratcliffe's actions.

In other words we're caught in a trap of Ratcliffe's making.

Turning it around and looking at it from another perspective - if Ratcliffe in the RNS yesterday had said that he understands the concerns and wishes of some shareholders and was willing to buy back shares at say 225p - people would have said of him, that's very fair, he's willing to pay more than the market currently values the shares at, maybe not at NAV, but at least he's not a pirate - he would still be buying cash on the cheap for himself, the share price would have risen and everyone would have been relatively happy.

Instead he takes a Greed is good approach eg ruse about insurance and frankly in my view deserves to be pilloried for it.

[richgit] 16/1/2009 16:29

Chrismez.


I maybe wrong,and am only putting forward a view.

However those that remain as holders duly benefit from those that sell
cheaply, to "us" ie GNE3- as our shares then gain in value,or at least cash/asset value.

Basically we gain from what some describe as the "pirate" as dont forget it is
"us" ie GNE3 shareholders that are gaining the cheap stock,though up to
now we have only bought 189,000 at 170p,until notified further.

The debate on whether Mr R will turn our cheap (pro-rata to cash)shares into
a high return will only be open to discussion when we all have better input
regards the format of the plans for investments.

Meanwhile,we shall see if the Biggest remaining shareholders are happy
or what action is next.

I have to currently believe the logic that whatever happens next-its worth
more than I would currently be able to sell at,regardless.

I wanted the Divi so I could buy more battered stocks(chosen carefully) most of which would have been Resource stocks,yet the odd Tech is on my list as this
is indeed the time to at least be watching for opportunity.

In 3 years "some" of those stocks will be true Multi-Baggers,and many just based on getting back to fair Market value......those that survive of course (and that is where the picking has to be careful.)

I feel that Mr R does have the right knowledge to be able to pick a winner,and I think the time is right or nearly so ----that would be MY gamble.

[steve36] 16/1/2009 16:23

I agree Chrismez, if I'd wanted to invest in a tech co i would have done so

[model635] 16/1/2009 16:22

Well if Intels results and forecasts are anything to go by a new company investing in the Technology Sector will be as much use as a chocolate teapot.I cannot believe he's serious it must be a stalling tactic while he works out a way to takeover the company without taking it over and getting the cash out without giving it to the shareholders.

[chrismez] 16/1/2009 16:08

Assuming for arguments sake that there's £50m in the bank and 14m shares outstanding === £3.57

This pirate wants to pay us, as Ken123 rightly points out, much less than 190p.

His strategy of Lying and Scaring PI's thru this nonsense about Insurance is purely designed to drive the price down so that he can then take he mid price of five days trading and buy us all out at say circa £1.50.

And this guy isn't a pirate richgit?????????????? Come on.

As for investing in Technology Stocks - for pete's sake we're in a downturn as you rightly say, the like of which we haven't seen before. Its going much deeper and will not end in 2009. Companies that buy Tech will start cutting expenditure on Tech, shoppers will stop buying Tech and many many Tech stocks are simply going to go to the wall. There may be some bargains out there that are not valued properly but that is exactly what is happening to GNE even tho cash is king. You will not get the returns you're hoping for IMHO during the next 18 months.

Besides if you're really interested in investing in Tech why not invest in a Tech VCT and get some tax advantage as well?

No sorry, this numptie Ratcliffe will be the end of us all.

[model635] 16/1/2009 15:29

Ratcliffe isn't the only "clever boy" with a calculator, cash is king in this market and I doubt Ratcliffe will get a 33% discount to value (and that's just the cash not the assets) without someone else taking a pop

[ken123rose] 16/1/2009 15:13

Maybe I've been wrong about being at the mercy of our boarding pirate.

Where 'cheap money' is concerned 'Bees around a honeypot' and 'Snouts in trough' come to mind.

Maybe Ratcliffe will yet have to watch his back.

[model635] 16/1/2009 13:30

What we need is Vaiman to mount a cash bid!

[model635] 16/1/2009 13:04

The 650,000 shares (Circa 4.5%) which were bought in yesterday morning via Seymour Pierce (450k for cancellation) must change the concert party holding 28.7 % and as yet they don't have exemption from bidding.Don't any rules of commercial law apply to GNE?

[model635] 16/1/2009 12:53

Disgraceful - Seymour Pierce, insider dealing ,conflict of interests, we the humble shareholder don't have a chance.I asked share price recently about the Invesco transaction and their association with the concert party,they said they knew nothing,ToP called me a few days later to say that share price actually brokered the transaction.Yesterday I asked share price if the 2 early trades were connected with the buyback, they didn't reply!

[model635] 16/1/2009 11:44

richgit - valid points but I believe that Ratcliffe's use of a "spoiler" in yesterday's RNS should be a big warning of the new management's agenda

[richgit] 16/1/2009 11:34

ken123rose.

Some small holders have recently been able to sell at close to £2,some large
shareholders have been paid £1.90,so its somewhat academic.

Short term I dont know how many will be wanting to sell,nor that there will
be any Guarantee what they will sell at-short term.

The only point I have been trying to put forward,is why sell at £1.90!!!

I currently see no reasons to distrust,nor do I see that he will turn £2.80
(or more per share) into far less,and maybe I am being more bullish than some
yet at least this Guy is known,has some track record, liked by some,and as of yet has no History I know of of being a "Pirate".

The Market opportunities are there,and in all honesty if this was the Dot com era I would run a mile from such a strategy-yet these are the times to buy the
possible next "Dot-Com" cos.

Lets face it,if we werent in the worst Market situation that we will ever witness in
our lifetimes again,you`d be able to sell at £1.90 today.