Mercantile Ports & Logis... Share Discussion Threads

[escapetohome] 20/8/2021 08:15

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 07:47

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 06:50

Hunch - 22.93% according to MPL website.

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

How many shares do Hunch own? (2?)

[pj 1] 19/8/2021 18:59

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 18:55

''"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 17:17

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

[pj 1] 19/8/2021 16:51

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

[pj 1] 19/8/2021 16:37

Hunch Ventures have indian connections. This is a part of the plan to cover up the fraud and make it look genuine imo. The 4million has probably come from MPL anyway previously allegedly off course.

[waterloo01] 19/8/2021 16:31

Indian banks still effectively own this. Debts will never be paid let alone serviced. Who are the clowns lending £4m unsecured and taking stock?

[pj 1] 19/8/2021 16:26

What a strange statemet from the Chairman

''The safety of our staff and stakeholders is paramount and I believe MPL will come through this a stronger entity.''

'come through this a stronger entity' WTF?

[pj 1] 19/8/2021 16:22

What research have Primary Bid done? Trying to raise for a fraudulent Company @ Private Investors.

Disgraceful

[diku] 19/8/2021 16:19

Wash rinse and spin cycle all over again...


-- Proposed Share Consolidation of every 100 Existing Ordinary Shares of nil par value each into 1 New Consolidated Ordinary Share of nil par value each in the capital of the Company.

[toffeeman] 19/8/2021 16:01

>> waterloo

Thx will pass on fundraise!

[waterloo01] 19/8/2021 15:40

Red flags ahoy. Avoid if you have any sense at all.


The net proceeds of the Transaction will be used to fund the servicing of new and existing contracts, the construction of further storage facilities, debt servicing and general working capital purposes.

[my retirement fund] 30/7/2021 18:41

Looks like they are managing to still keep shareholders in the dark but forewarning them of an equity wipe out with alternative debt.

[seeriktus] 25/7/2021 00:17

Maharashtra has been hit by flooding, including the nearby Mumbai area. Parts of the region's road and electrical infrastructure are reportedly damaged.

I wonder how the river outflows are effecting the site, given how in normal times the current can be quite strong.

hxxps://timesofindia.indiatimes.com/city/mumbai/mumbai-news-live-updates-imd-predicts-heavy-to-very-heavy-rains-in-mumbai-thane-and-palghar/liveblog/84664662.cms

[mount teide] 30/6/2021 09:54

By exercising the lien they have over the assets .......and then by securing a change of use licence for the site; from low value port related activity to high value light industrial, enabling the site to be sold for development as a logistics(warehousing & distribution) park, and the jetty for development as a yacht marina offering permanently floating berths.

AIMHO/DYOR

[my retirement fund] 30/6/2021 09:39

How do you see the banks getting their money back MT ?

[mount teide] 30/6/2021 09:02

Just $1.7m of cash left at the end of May 2021 - totally outrageous!

They laughably claim to have blown through close to $200m (including debt), and all shareholders have got to show for it is a less than half complete, ultra shallow draft 400metre barge handing jetty without any weather protection from the annual 6 month monsoon, together with around 30 acres of part developed storage hardstanding and another 60 acres of yet to be developed reclaimed land!

Our estimate of its current market value is $25m.

AIOHO/DYOR

[mount teide] 24/6/2021 08:13

L2: after opening 4 v 1 / 70p v 75p ...... just house broker CNKS is left on the bid at 0.7p, rest of the MM's have dropped to between 0.65p and 0.50p