Marinetrack Share Discussion Threads

[pieball] 27/2/2009 20:33

look at the zyz thread ..

[cyberpost] 29/1/2009 16:24

Update re Suspension (Marinetrack)

TIDMMTRK

RNS Number : 4862M
Marinetrack Holdings PLC
29 January 2009


29 January 2009


MarineTrack Holdings Plc ("MarineTrack" or the "Company")


Appointment of Administrator to Operating Subsidiary


On 21 January 2009, MarineTrack announced that it had requested a suspension of
trading in its shares on AIM pending clarification of its financial position.


The Company announces that, on 28 January 2009 Ian Paul Sykes and Colin Ian
Vickers of Vantis Business Recovery Services were appointed joint administrators
of the Company's operating subsidiary, MarineTrack Limited.


The financial position of the Company remains unclear and trading in its shares
will remain suspended. A further announcement will be made as soon as possible.

[cyberpost] 21/1/2009 12:02

Statement re. Suspension (Marinetrack)

RNS Number : 0108M
Marinetrack Holdings PLC
21 January 2009

21 January 2009


MarineTrack Holdings Plc ("MarineTrack" or the "Company")


Statement regarding suspension


On 16 January 2009, MarineTrack announced that its trading environment has
become even more challenging with sales further impacted by the worldwide
economic downturn, and it needed to secure additional financing if it was to
continue trading beyond the end of this month.


Since then, the Company has held discussions with its key suppliers and
financiers with a view to securing the short term position of the Company. While
there remains interest in supporting the Company, the board of MarineTrack does
not believe that it will be able to raise the necessary additional finance
within a short timeframe.


Accordingly, given the uncertainty as to its ability to continue trading, the
Company has requested a suspension of trading in its shares on AIM pending
clarification of its financial position.

[maytrees] 03/12/2008 18:55

Greetings Knowing

The buy today at 0.14p of 48m+ follows what looked like a sale yesterday
of a slightly smaller no. of MTRK shares at 0.07p

Holdings RNS soon?

I hold MTRK and ZYZ - dyor

[knowing] 03/12/2008 18:50

48M bought by the looks of it.

[maytrees] 29/10/2008 15:00

43.8m trades today at 0.12p are probably buys but
no affect on the published MTRK share price so probably only
more furniture reshuffling.

All imho so dyor

[maytrees] 28/10/2008 13:05

I guess that 9,550,000 trade at 0.10p is another BillamAG or
associate's sell.

[asmodeus] 23/10/2008 18:39

I see that Raymarine, who operate in a similar field to Marinetrack, announced a profit-warning today, and suffered a big share price drop.

[maytrees] 22/10/2008 13:06

More c.10m MTRK share trades at 0.10p seem to be sells.
Presumably someone is also buying as otherwise
I can't see MMs paying double the bid share price otherwise.
If they are buys, the recently reduced published bid
sp would presumably retrace?

I still wonder if a new institutional buyer is in the offing
maybe becasue of the possible Asian contract but all imho so dyor.

[maytrees] 21/10/2008 12:58

I don't mind BillamAG et al making
gains on their loans/shares provided that there are crumbs at least
left for PIs as well. Hopefully PIs' time is coming soon
but dyor.

[officerdigby] 21/10/2008 12:52

Right now I think you'll see another placing for them to get back in IHMO.

That will cover the rest of the loans to MTRK - By JH/Billam AG.

Admission Document:

Additional Financing Arrangements
Jemima Hoskins and certain other MarineTrack Shareholders have agreed to provide a continuing loan
of £330,440 in aggregate to MarineTrack on the terms set out in paragraph1 2.3 of Part VI of this
document.In addition, Billam has agreed to make available up to £200,000 by way of a working capital
facility on the terms set out in paragraph 11.4 of Part VI of this document.

Quite possibly all this money is needed to deliver a big contract. Hopefully.

[maytrees] 21/10/2008 12:39

Greetings asmodeus

Either they believe the ship to be sinking or they need the cash.

It is not impossible that the MTRK shares are needed for another institutional
buyer perhaps in India though bearing in mind tiltonboy's post above,
optimism is understandably wearing thin.

All imho so DYOR

[asmodeus] 21/10/2008 12:22

But the "rats" are deserting - so presumably they think our ship is sinking??

[maytrees] 21/10/2008 08:05

But (courtesy davew28) is this the one?



DYOR.

[tiltonboy] 20/10/2008 20:21

DL has been upbeat about MarineTrack and NiceTech for over two years. Where has it got us!!!

[maytrees] 20/10/2008 19:38

Another 10m trade at 0.10p and bid share price down to 0.05p now.
ZYZ's DL seemed upbeat about MTRK contract at the end of last week
but all imho so dyor.

[maytrees] 17/10/2008 16:33

Another 10m at 0.10p

A contract RNS - patient PIs would hope - soon perhaps?

All imho so dyor.

[maytrees] 17/10/2008 10:02

Greetings OfficerDigby

The point you sought to make in your last post is
unclear.

Meanwhile another 44m trade today at 0.10p.
Something appears to be happening as to the ownership
of MTRK shares but what and why are not clear either.

[maytrees] 16/10/2008 15:42

Greetings Mike111D

16m trade today at 0.10p - not (yet - lol) cancelled.

[mike111d] 15/10/2008 19:59

The trade was cancelled out:

15-Oct-08 16:26:290 .05 72,000,000 Sell* £36.00k Trade Type:Unknown

15-Oct-08 16:23:220 .05 -72,000,000Sell* £-36.00k Trade Type:Correction

FYI, Billam AG now hold 30m:

[maytrees] 15/10/2008 16:48

Those 72.0m trades at 0.5p look like roll overs or
possibly one associate selling to another.
BillamAG perhaps needing cash?

All imho so dyor

[maytrees] 15/10/2008 10:17

Greetings OfficerDigby

I was able to buy some MTRK recently at 0.12p but had to pay
0.14p to top up earlier today. My smallish buyseems to have encouraged
some more trades; maybe another 1.75m sell by BillamAG
but your guess is as good as mine as to the following 5.8m at 0.12p.

[officerdigby] 14/10/2008 10:59

MT can't see why Billam AG will pay £500,000 for shares they sold at what..? 1/4 or less of the price.

They've probably done some other deal...