Mercantile Ports & Logis... Share Discussion Threads

[mount teide] 27/8/2021 15:48

200,000 shares bought at the 2010 London IPO cost £500,000.

After 11 years of total mismanagement including fraud by false representation on an industrial scale, the same shareholding changed hands today for the grand sum of £871 less trading fees.

AIOHO/DYOR

[danmart2] 21/8/2021 13:53

Is anyone with primary bid access able to provide an update on how much they have managed to raise?

When is the closing date of the latest raise?

[my retirement fund] 20/8/2021 23:47

I would imagine DVI gave up the investing scene years ago when he came to his senses realising he was just a very ignorant and nieve fool. I should imagine the closest he comes to investing these days is a modest holding of premium bonds. Poor old sod!

[dave4545] 20/8/2021 20:13

PJ1

No posts since mid 2017

[dave4545] 20/8/2021 20:10

Do you ever think if you still have the energy to quit shares and just find a clump of land near water and set up a port or pretend to build one for 10 years, float it on Aim and milk it for next 20-30 years and pay yourself a fortune living in luxury.

It's clear Aim is not regulated at all now, basically if they can find mugs to provide more money and mugs to pay a premium to placing stock this will never end.

They are no better than Kefi Prem Vast because they are burning way more than them but in larger chunks placed rather than regular placings every 3-6 months

[pj 1] 20/8/2021 16:41

I wonder what DVI thinks of all this? I cant recall a post form him for some considerable time now

[danmart2] 20/8/2021 16:04

I don’t use primary bid, any idea where they are up to with the latest begging bowl raise?

Be amazed if this reaches £4 million target

[danmart2] 20/8/2021 15:57

DO NOT INVEST IN THIS COMPANY

HAZARDOUS TO YOUR FINANCIAL HEALTH

[diku] 20/8/2021 15:20

By now investors will be so fed up they will just say to the BOD take our shares for free...I think that is what the BOD is waiting for....

[mount teide] 20/8/2021 15:06

Ashleyjv .... they can issue all the 'contracts' they want but with barely 3 meters of water available in the 3 mile approach channel this 'port terminal' company with £50m of debt is completely uninvestible as it can only attract ultra low value dry bulk type cargoes brought in on barges and small coasters.

The port handling rates this type of cargo attracts would not come even close to covering the interest payments on the debt even with the development of the entire circa 100 acres of land reclaimed to date - most of which remains undeveloped.

AIOHO/DYOR

[ashleyjv] 20/8/2021 13:47

My guess and it is a guess is that they will release news of new contracts over the next few days.

[escapetohome] 20/8/2021 09:15

Hunch Ventures is betting on increasing infrastructure and logistics requirement of the Indian economy, among the fastest growing in the world.

High growth ha ha ha

Yet every share collapses.

[mount teide] 20/8/2021 08:47

Hunch Ventures are either clueless, extremely poorly researched fools or, the situation is as PJ1 suggested .......part of an alleged fraud, which has seen over £200m of shareholders funds and debt mostly disappear seemingly like morning mist!




AIOHO/DYOR


ps ...when Hunch were considering taking circa 22% of the company, the management got very perturbed when I suggested we were considering sending our research file to Karanpal Singh, the Founder.

[wobblywilbur] 20/8/2021 07:50

Hunch - 22.93% according to MPL website.

[pj 1] 19/8/2021 20:02

How many shares do Hunch own? (2?)

[pj 1] 19/8/2021 19:59

He's clearly saying its still a ''vision''

He doesn't have a clue what's going on on the coal face, or not!!

[pj 1] 19/8/2021 19:55

''"I have been delighted with the support shown from our institutional shareholders in supporting the Company in this fundraise. Particular thanks is given to Hunch Ventures for their continuing support in our vision for the facility and their presence as a strategic shareholder. ''

Chairmans comments, why not the CEO's comments?

''continuing support''- so, we've been here before then?

[tansulondon] 19/8/2021 18:17

Just noticed a Primary Bid raise. Any mugs still out there? What a sham.

[pj 1] 19/8/2021 17:51

Either that or MPL will never receive the funds from Hunch. We've had similar to this before if my memory serves correctly?