Leisure & Gaming Share Discussion Threads

[burgerbarwomen] 11/9/2010 11:32

this is amusing:



The Board concluded that without a significant injection of funds to enable the Company to trade through the next 12 months, further investment in products and geographic expansion and the ability to incentivise management, the Company would continue to be materially reliant on the outcome of Italian sports results.



so merely receiving wages is not enough these days then?

[burgerbarwomen] 11/9/2010 10:03

Keep track of the Fool LNG discussion here:

[hiq] 10/9/2010 23:38

My charts say 0.4p

[burgerbarwomen] 10/9/2010 23:25

and this...... words fail me completely



In addition, on 14 May 2010, Betshop received details of significant penalties
being issued by AAMS, the Italian regulator following a request to sell one of
Betshop's licenses. This penalty was eventually materially reduced and settled
on 4 August 2010. In total, penalties amounting to EUR0.3m have been paid since 1
January 2010.

[burgerbarwomen] 10/9/2010 23:14

so why don't they hand back the euro 0.9m a share? at least that's something.

cash shells normally trade at a 50% discount so maybe 0.35p on the 1st Nov?

what's the point? I'm sure the Fools would rather take the 0.9m and punt it on something else themselves.... it's pointless, end of.......

so what will the new wage structure be and how long will the 0.9m euro last?

[burgerbarwomen] 10/9/2010 22:40

it's perfectly possible to place a firm into administration and for everyone to keep their jobs when the white knight appears......

[jmaccer] 10/9/2010 22:30

all i have said all along is that i thought there would be an acquisition of sorts as the business would be of value to someone whilst others were saying there wasn't, so point made. i have no opinion on the past goings on or the future goings on for that matter in this company now. yes some things do not smell right, but history is history, time to move on. some will come out smelling of roses others won't be so lucky, they do say sh!t rolls down hill! one question though remains for me is ho the accountants or fd's in the business etc didn't see this all coming ages ago - what are they paid for and are they still being retained after such a farce? who are these mysterious fd's and where are they?

all now that remains is for the shareholders to get at least something back, maybe not a lot, but in this day and age, it is better than nothing. as for the earn out, if they hit some not unreasonable targets compared to past history (although you do wonder if aug and sept have been poor months if they have had no funds to risk trading with like they said about world cup - perhaps the board should have sorted this out long ago?), there could be some more. of course you can wonder if the foot will come of the pedal, but why risk losing impetuous to stop making money, doesn't make any sense, shareholders only win when the company wins.

some have said that letting to co go into admin will serve some others right, but surely it only makes life better for those 'some' as the company will be picked up for even less and shareholders left without a penny, and others without jobs through no fault of their own. those who want to leave the co to go onto admin surely then are only thinking of themselves, not many people can afford to throw away money no matter how much wealth they have, so they should consider there less not so fortunate shareholders before making any rash decisions.

i don't like to see any one lose money, especially in these days, but at least now there is closure and people can move on.....or not.....their choice

[burgerbarwomen] 10/9/2010 19:24

never on mine either

[burgerbarwomen] 10/9/2010 18:53

LDM was right all along....... he stated that those AGM's and investor meetings were a load of bollo*ks but got ridiculed by the Fools..... well whose laughing now

LDM called it right and gets a gold medal in my view

[loverat] 10/9/2010 18:52

All the best SG.

Sorry things did not work out here.

[saturdaygirl] 10/9/2010 18:48

Glad i missed the rugby box ....LOL

Shook Creeds hand once , more the fool me ..

[burgerbarwomen] 10/9/2010 18:43

but in administration they will still win coz the favoured ones can pick up assets for next to nothing, so it would not be an eye for an eye

the only chance was an egm in june but david missed the opportunity

[saturdaygirl] 10/9/2010 18:37

David

How do we vote ?

Whats on offer is worth nowt ..

Lets force them into administration , an eye for an eye .

[burgerbarwomen] 10/9/2010 18:34

agreed

also david should have called egm in early june to sack creedy and stop him drawing wages

[saturdaygirl] 10/9/2010 18:33

Making money else where is good . GC should not gain from this fiasco .

[burgerbarwomen] 10/9/2010 18:30

at least we've moved on and made our dough back........ not hard for me as average cost per share was about 9p when I got out at 6.5p/7p

[burgerbarwomen] 10/9/2010 18:17

how about 0.1p a share?

lol

[saturdaygirl] 10/9/2010 18:10

From the fool site

Hi,

Well at least we might get something back. I'd written mine off mentally.

The ratchet for deferred consideration doesn't look promising at all to me - since it's dependent on achieving increased turnover, the new owner is now incentivised to run the business in a leisurely fashion, so as not to trigger any additional payments. Then once the ratchet has expired, he can step on the gas & make tons of money from increased trading without having to give us a cent.

And as someone else said, UK Director(s?) will be drawing continued salaries for doing b+*ger all, pretty much as has been the case for several years, in my opinion.
After all, there was never any logic at all in paying UK Directors with no operational role in an Italian company.


Anyway, there's no alternative, so it's a question of accepting this poor deal, and then in my view lining up the Directors & having them shot (or rather, convening an EGM to boot them out). That doesn't include Colin, obviously, as none of this was his fault.

Still, I suppose any outcome other than it going bust is better than it going bust.

Regards, PAul.




I quite like the idea of shooting the directors ....

[burgerbarwomen] 10/9/2010 17:55

jmaccer - 10 Sep'10 - 17:33 - 2808 of 2809

-------------------------------------------------------


have you learned anything over the last two years? if the LNG management told you at a family funeral that your relative was not dead, merely sleeping.... you would probably say

" really, that's fantastic"

and

" david says the buyers are forming an orderly que at 5p to buy after the Mello meeting" totally ignoring the fact that the online buy/sell limits suggested otherwise and no buys of any substance appeared

even now you refuse to accept what's happened

why don't you ask creedy why it was not possible to arrange a placement at 1.5p or a convertable loan deal... ask for evidence

in my view shareholders will get nothing now... but what do I know right? I'm the fool who sold out at 6.5p/7p....

I called it right and I've earned my stripes

Where is J A Thomas now and Captain Jack Harkness???

Well?

[saturdaygirl] 10/9/2010 17:34

Well done burgerbarwomen .

[jmaccer] 10/9/2010 17:33

indeed - so come on now oneielshaun and you others who had the fat lady singing too early, and who indeed knew nothing, something at least