Iofina Share Discussion Threads

[freshvoicem] 22/6/2015 23:26

So not even ex directors have the faith in the company that the supporters here have!
I may ask ACT where I should move my ever decreasing investment too. Can't be worse advice than that provided by 'inside track'and diligent research.

[monts12] 22/6/2015 23:23

So let me get this straight: Lance allegedly transfers 45m shares @>£2/share into various family trusts and does not tell the market. Then a few years later (at the AGM last week) he tells us that Jeff is well aware of HIS duty to report any share sales. The very same day as Jeff sells 600k of them! You couldn't make it up.
Now we are to believe Jeff's 600k shares sale was a "transfer" to HIS family (so all must be well then).
There was the terrible whiff of something bad the first time.

Now it just reeks!

[bogg1e] 22/6/2015 23:14

Ansana, I get the point, 2 years of disappointing news does jade anyones perspective, I really get that, but it also leads to a situation where any piece of news, however inconsequential becomes blown out of all proportion. We must remain guarded against that and see the picture that counts which is the company itself and its state of health and brush off the inevitable disappointments along the way. Besides, I cant see Jeff selling leading to a mass sell of tomorrow. (Famous last words)

[monkeymagic3] 22/6/2015 23:12

Naph- not as you have described, no. Because he would no longer have an interest in those shares, it would be his children/grandchildren. If he moved them into a trust of which he was a beneficiary, that's a different story.

[ansana] 22/6/2015 23:08

So that must add up to a vote of confidence in the company. We can all sleep soundly like JP in that case.

[bogg1e] 22/6/2015 22:56

naphar, I wouldnt want the world to know the financial details of my relatives, would you?

[bogg1e] 22/6/2015 22:55

Jas, it would be cheaper if iofina just handed out man nappies at the agm every year ;-)

[naphar] 22/6/2015 22:49

Whilst I don't like the fact Jeff appears to have sold some (and I have to tell myself he has every right to), I do at least take some solace in the fact it has been announced promptly.

Edit: MM3, if it was indeed a transfer into trust etc, do you know if they are allowed to say in the rns, words to effect of, "has transferred x shares into a trust of which his children are the beneficiaries, and his interest in the company now stands at y million shares"?

Because if they are allowed, and if it is what has happened, I do not understand why they wouldn't do that.

Any pointers? (For some reason I think you may know the answers to above questions)

[monkeymagic3] 22/6/2015 22:33

Madchick - I'm afraid that if you can't even accept a simple statement that the easiest thing in the world was for Mr Ploen to sell/transfer a week before the AGM, a week after etc etc without immediately jumping to his defence tells me all I need to know.

I'm afraid it's not credible.

And yes, you have been wrong more than once, I agree.

[jasisdad] 22/6/2015 22:29

If that was the case and they were going into a family fund wouldn't it make sense to explain that in an RNS to ensure shareholders are not spooked? Just like i think Lance should have done when he sold his? Wouldn't it be nice to think the new buyer was Tom!

[bogg1e] 22/6/2015 22:29

Che, Perhaps its true, perhaps its not. As in all these things, all you can do is call up the BoD and try to get an answer yourself. As for the timing, I can assure you, whether it were on an AGM day or 6 months from now, the same indignation would be expressed by PI's who somehow feel they have the right to determine what another person should do with their share holding!

[che7win] 22/6/2015 22:27

It might be something to do with waiting for the water outcome, or 6 months ban after leaving office?

[naphar] 22/6/2015 22:26

Sg, any mention as to why now? Timing is peculiar to say the least.

[che7win] 22/6/2015 22:25

Fair enough Superg,
But why the timing now at AGM, it just seems strange.

Maybe he thinks the share is going to rocket, I suppose I should put mine in Trust too :-)

[superg1] 22/6/2015 22:22

Che

I just go the exact same answer, not via a PI, but direct.

[superg1] 22/6/2015 21:55

That would explain the lack of volume and zero impact on the share price then.

Shoot first and ask questions later seems to be a common theme.

[bogg1e] 22/6/2015 21:50

Hi chaps, Ive just been informed by a fellow PI, that he contacted Lance and was informed that Jeff transferred the shares into accounts for his children and grandchildren. Similar to what lance did. I'm happy with the answer.

[madchick] 22/6/2015 21:45

MM3, ... and what's the point - if we're sticking to facts, there's not much to say. He sold 600k shares and has 8,600,000 left. He sold on the day of the AGM.

Reasons for selling could be good, they could be bad, they could be neutral. It leaves questions open, whose answers could be good, bad, or neutral.

But facts don't make for much of a discussion board.

Are you scared to put the negative options forward yourself? There's some disaster pending that we don't know about? The financial situation isn't as good as we think (actually, I think most of us are fairly sober there)? He's hedging against more bad water news? He knows something about Lance's health that we don't (God forbid!)?

Personally, I doubt most of the negative options (and I surely pray that Lance is well), but I've been wrong before. Are there any others? There probably are, I'm not being facetious.

At the end of the day, I also don't think it's the most important thing that's happened, but it may make for a rocky day tomorrow.

[superg1] 22/6/2015 21:43

As they saw new funds in the days before perhaps one of them wanted some.

600,000 shares and not a blip or indication on the volumes that they appeared through the market.

Probably the whole lot to one buyer.

As news has been released, and every question answered, what's the issue?

Jeff does have fingers in a lot of pies.

[monts12] 22/6/2015 21:16

Or "seller whose other stocks crashed " or "supply still there, seller not cleared", "couple of 100k to go" etc

[festario] 22/6/2015 21:08

Ok, no longer an actual Director, but as a 'responsible' ex Director who should know what these shares 'could be' worth... its a very strange decision, and another IOF own goal.MM3.... are you waiting for 'forced seller' or 'margin call' to call house?