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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Mercer Resources | LSE:MCR | London | Ordinary Share | GB00BBNBM331 | ORD 0.1P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.65 | - | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
Date | Subject | Author | Discuss |
---|---|---|---|
03/7/2014 08:04 | Interesting to note no sales of any note in the last two trading sessions, circa 950k of buys and only one sell of 24,423, L2 opening 1 v 1 with PEEL bidding and PMUR on the offer........GL S | swizz | |
02/7/2014 21:17 | post from aussie BB Not sure we want to be in bed with Stanhill...... Evergreen Trustee Says Ex-Director Doomed Company Law360, New York (May 24, 2012, 6:25 PM ET) -- The Chapter 7 trustee of bankrupt Evergreen Energy Inc. slapped a former director of the company with a lawsuit Wednesday, alleging the director's conflict of interest obstructed the energy company from securing crucial financing and led directly to the firm's demise. Trustee Charles Stanziale filed suit in Delaware bankruptcy court, claiming that Ilyas Khan, a principal of the merchant banker Stanhill Capital Partners as well as a board member of the defunct energy company, reneged on a commitment and prevented other firms from investing in Evergreen. Khan advised the company in September 2011 that Stanhill Capital would purchase its K-Fuel clean coal technology business for $30 million, according to the trustee's filing. The anticipated deal precluded other efforts for Evergreen to secure additional investors, and when the deal collapsed in November 2011, the company was unable to secure funding necessary to continue operations. In January 2012, Evergreen filed for Chapter 7 liquidation. "Khan and Stanhill Capital Partners did not make the offer in good faith with the intention of consummating it, but with the purpose of interfering with other offers so that Stanhill Capital Partners could later obtain the K-Fuel process for an amount far less than that set forth in the Stanhill offer," Stanziale claimed in the suit. Evergreen's primary business was the development of K-Fuel technology, a patented process aimed at delivering cleaner burning coal. In recent years, the company sought to promote the product globally, with a focus on Asia, according to the complaint. Yet Evergreen struggled to profit from the technology, which proved more expensive to commercialize than it anticipated, according to a recent quarterly report. Consequently, the company sought to gain financing through both debt and equity in order to stay afloat. In December 2010, according to the Evergreen filing, Khan was invited to join the board of directors of the company. Khan also entered into an agreement with Evergreen to work to support the business development and financing of the energy company and was appointed director and executive chairman of Evergreen in January 2011. According to the filing, Khan advised Evergreen in September 2011 that a group led by him was considering purchasing the company's K-Coal business. Later that month, London and Hong Kong-based Stanhill Capital Partners, of which Khan is a partner, delivered a written offer to purchase the shares of Evergreen that held the rights to K-Fuel for $30 million. A stipulation in the Stanhill offer that prevented third parties from gaining shares in K-Fuel then precluded Evergreen from seeking alternative transactions or funding, the suit said. Thus, according to Evergreen, when Stanhill walked away from the deal in December 2011, the company was in no position to seek alternative financing, according to the trustee. "It's a conflict. You're the chairman of a company and you're freezing everybody else out," said Stanziale. "It's not supposed to work that way." The filing specifically alleged that Khan - as an investor in a competing energy company, White Energy, and a principal at Stanhill - had conflicting interests that prevented him from fulfilling his fiduciary duty to Evergreen as a director. In the filing, Stanziale also argued that Khan and Stanhill never intended to complete the original deal with Evergreen, but instead sought to interfere with other potential transactions, so that they could either later acquire Evergreen at a bargain price or eliminate the company, which operated in the same market as White Energy. Evergreen is seeking damages from both Khan and Stanhill Capital Partners. | the stigologist | |
02/7/2014 09:01 | L2 update, firming a touch in light trade to 2 v 2, PEEL/WINS bidding and PMUR/SCAP on the offer.........GL S | swizz | |
01/7/2014 09:13 | Men/Tengri don't own Robusts resource in Kyrgz it has yet to be voted on and passed. . | r g fletcher | |
01/7/2014 08:04 | Interesting. | encarter | |
01/7/2014 06:42 | mirror mirror on the wall who is the cleanest shell of all... pinch punch guys... (-; | moreforus | |
01/7/2014 06:33 | swizz they need 75% of the vote. Robust need a cash call very soon. It's all about timing. | oilbuy | |
01/7/2014 06:27 | Perhaps ob, with MCR being the cleanest resource shell that Stanhill are connected too, the mind boggles in relation to what could happen....apologies for the ramble....GL S | swizz | |
01/7/2014 05:49 | Yes indeed swizz. This could bring a little life to the above and some interest in MEN. | oilbuy | |
01/7/2014 05:47 | Cheers ob and gtb, adds a new dimension to consider.......GL S | swizz | |
01/7/2014 05:40 | Stanhill intention to make takeover bid. | oilbuy | |
01/7/2014 01:11 | Whilst you squabble an important news story in Australia. Robust resources the 87% owner of mentum is the subject of a takeover Offer. What does that mean for the tengri deal ? | georgethebest | |
01/7/2014 00:30 | I did Google 'R G Fletcher' and here's what I found. Oh and thanks, you have made us laugh today. | encarter | |
01/7/2014 00:25 | You really are thick . TRY READING MY POSTS I COVER ALL THE PATHETIC POINTS YOU ATTEMPT TO RAISE. Perhaps get a grown up to help. | r g fletcher | |
01/7/2014 00:22 | and you still haven't answered my question. Why are you here" | encarter | |
01/7/2014 00:19 | "to late" LOL! You don't even know AIM rules. There are ways around suspension even if they don't make an investment in time. | encarter | |
01/7/2014 00:11 | Try reading. AND PAY ATTENTION So far we have discovered that you know absolutely NOTHING about MCR and you know absolutely nothing about related companies . You don't know who is holding what here and why. You simply don't have a clue but not just here I mean in every aspect of life. I could tell you a lot more about MCR its related companies etc but it would be wasted. You are simply a thick ramper who has bitten of more than he can chew . Run along now son its way to late for you. It was to late for you this morning as well. | r g fletcher | |
01/7/2014 00:11 | I have since gone on to warn fellow investors to be wary because of my lack of confidence in the board. They have shown to me by their actions elsewhere that they don't in my opinion have the best interests of the PI at heart when negotiating a deal . I am very familiar with their other situations.....are you ? I have also pointed out that in such a tightly held micro cap the only "market" as such has been created by one or two private investors who may find selling them quite hard to do if news comes good or bad. And they may find themselves locked in for several months. Or worse perhaps. Tell me son , WHAT HAVE YOU ADDED TO THIS THREAD ? | r g fletcher | |
01/7/2014 00:09 | I didn't ask why am I here? I asked why are you here? Pay attention! | encarter | |
30/6/2014 23:51 | Take yer pick son there are only 2 to choose from. | r g fletcher |
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