Invista Euro. Share Discussion Threads

[hjfe] 17/10/2015 13:06

RNS on Friday - change of address of Luxembourg office.

Also:

hxxps://www.property-magazine.eu/internos-group-sells-two-retail-warehouse-centres-in-bavaria-34455.html

Interesting too that there has been no more information on the proposed EGM and delist....

[aries2000] 21/9/2015 16:05

How much are they paying eastdil for this faz.

[aries2000] 21/9/2015 16:05

With amount of properties sold they have not told us how much cash does the company gave and cash from lease we have not been told what happen to those cash.
The company has been in the process of talking this company down and chandos is a disgrace.

[aries2000] 21/9/2015 15:55

Do not vote for voluntary liquidation the directors ran this company to the ground and getting the like,s eastdil to look after there ass.

[hjfe] 21/9/2015 12:10

This will be taken into the woods and shot at the EGM. There's no value left.

[specuvestor] 21/9/2015 09:02

Sleepy: Caliber Global Investments

Judging by the lack of comments posted on the iere BB everybody has moved on and lost interest. There may be a few legal twists and turns yet.

Does anybody have an EGM date yet?

[sleepy] 19/9/2015 21:03

Which company are you referring to from 2009?

[specuvestor] 18/9/2015 18:21

Hello All

Is there any chance of the liquidator discovering some kind of financial impropriety or misrepresentation and recommending to the share holders that legal action is taken for compensation?

I mention this as I was recently in receipt of a nice return when another one of my shareholdings went into voluntary liquidation in 2009 as a result of the credit crunch. Legal action ensued. It took 5 years but it was worth the wait.

Just a long shot and I have written off my investment here anyways.

[deltalo] 18/9/2015 17:54

I think someone should check on you as talking to yourself is a sign of madness and ansawing your self is a sign of insanity.

[the stigologist] 18/9/2015 10:36

maybe someone who knows them could pop down to their bedsit and check on them ?

[the stigologist] 18/9/2015 10:35

falia, reks and colin all gone very quiet

hope they haven't topped themselves

[sidjameslaugh] 14/9/2015 10:36

Another one bites the dust.

[smithyuk999] 14/9/2015 09:20

Whoops. Bye Colin!

[apfindley] 14/9/2015 01:37

Yes well done reksA "refinancing deal"You know what that means.On the miniscule chance the company doesn't go into admin, the debtors will still, regardless of outcome, call in the debts of several hundred million, and will effectively take full ownership of the real estate properties etc.The only hope for shareholders is that bondholders will arrive to grab the company very cheaply, and take 95%, leaving just 5% for shareholders.In that scenario, preference shares would have priority over ordinary shares.But looking back at the rns the company very clearly tells you that there will be ZERO residual value for shareholders, OR even for preference holders.This is it.It's GAMEOVER.There cannot be any 11th hour deals.Time to face reality.Those who bought here over the last couple of weeks are pure gamblers and deserve to lose the lot for being so GREEDY.That's life, and it's a lesson to not follow the organised pumping gang.People like kirk6, hitman1, letmepass, to name only 3 of the many aliases being used to dupe genuine people into their pumping stocks.

[reks] 13/9/2015 22:44

Let's get one thing straight this was not a pump n dump and the spread makes it impossible to sell volume at profit. This was a punt and it was reminded to ppl over and over.

IMO I don't think it's over and see a deal being struck as I can't see why the standstill letter was extended to end of today (Sunday).

I feel a refinance deal coming. Also due more holding RNS, as II should have declared its sells

[specuvestor] 13/9/2015 20:31

Just an observation but if there was a limited ability to sell how could the pumpers offload all their stock, at a profit, to get their ill gotten gains at such a restrictive spread?

[apfindley] 13/9/2015 20:26

Yes Smithy.Unfortunately Mr Colin blindly followed the "organised pumping crew" who pump stocks they've already bought so they hit the hot leaderboards.All the mugs pile in, whilst the pumpers offload.The telltale signs of extremely poor liquidity, and extremely wide spread, together with extreme ease of buying, but limited ability to sell, should've been the warning signs.The spread was 0.1-0.8 at one point.Also could've bought loads, but couldn't sell a bean.Royally suckered into a company who have had highest levels for many years. The warning rns's have been there for years, plus the ever decreasing shareprice.If you want to recoup losses, look at companies who have CASH in the bank and zero debts. One example is GWMO.Good luck if you ever get the chance to exit IERE..

[smithyuk999] 13/9/2015 18:28

Exactly APFindlay. Methinks Colin et al has got himself into a rather big hole and deluding himself hoping for the best.

[apfindley] 12/9/2015 18:08

U for real???"Only Suspened, not delisted"Read the rns again.Even if it does miraculously continue trading, there will be zero value for regular shareholders.As a very outside last chance saloon, bondholders could rescue the company, but as always will dilute shares to minimum of 95%.The big clue is that in the rns it specifically says that there will likely be NO residual value for shareholders, or even for "preference" shareholders... It basically means GAMEOVER as far as any shares are concerned.

[colin12345678] 12/9/2015 14:43

okenia
Posts: 7,034
Off Topic
Opinion: No Opinion
Price: 0.30
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RE: &
Today 14:05
As Nuke999 says, I'm unravelling this. The more we can learn from this the better - since there may be similar situations in the future. I certainly know more about REITs and mezzanine debt than I did a week or so ago.

Mentally I expected I wrote this off from day one. The overwhelming chance was that it would wipe out ordinary shareholders. I'll follow this to the bitter end so I get something from it. And hey, it may still surprise us. Remember, there are a lot of big shareholders sitting on big losses who won't be pleased at BREDS swimming in and making shark-like profits.

One thing - it's suspended not delisted, so they still continue the business and still have to issue RNSs. I expect at least one RNS next week regarding the standstill letter, as an extension or not is material. And I have a sneaking suspicion we'll see one or two more.

[colin12345678] 12/9/2015 14:42

apfindley we shall see mate ?? never say never you may well be right BUT you may well be wrong nobody really knows