Minoan Share Discussion Threads

[scotty1] 27/7/2018 09:39

Hope your right Atlantic but why say "I will make a statement in the imminent interims"if all is on track,as I said we all read into things differently.

[scotty1] 27/7/2018 09:35

With the amount of money CE as been taking out of the company I don't think patience comes into it with him,I don't have a problem with a CEO taking bonuses when they achieve goals but he hasn't warranted his high remuneration so far imo.

[atlantic57] 27/7/2018 09:31

Scotty the deal must be still going through as if the other side pulled out, Ce would
Have to make an announcement.News usually leaks out and this is reflected in the share price
I think the share price is telling us that this is going to go to the wire.

All will have to be revealed shortly but for me it is 50 :50 whether the purchasers
Complete or fail to complete.

[justjill] 27/7/2018 09:23

I agree with that last sentence Scotty! haha

It's crossed my mind a number of times that these guys aren't really bothered how they are viewed by shareholders, as possibily for most - depending on changes following T+L sale, their executive lives maybe nearing an end.

However, more than us, they see the train nearing. They therefore know all their share options will be fulfilled and probably a few more sweeteners besides. They have more knowledge than us and therefore have more patience.

[atlantic57] 27/7/2018 09:05

Well you are certainly on the money there.When the Directors finally got an unappeal able approval was it June 2017 I thought we would get the show on the road.
However I was wrong it was as if this was a brand new project and we were starting from the beggining

Then came the sale of a travel business which is a noddy transaction but here we are
8 months on from when interest was allegedly expressed and still waiting.

This Board of Directors are in a league of their own.

[justjill] 27/7/2018 08:54

Think we're all tired here Atlantic, for obvious reasons. And when you are tired every small thing irritates and stresses.

Interims were on 26th July last year. Maybe Hugo is right...and it will be Monday AM. Or it could be this afternoon. share price was around 10p at that time :) oooh for the days of double digits!

No slight intended on Scotty, but as I already said earlier, I don't think there is anything negative about latest feedback - it could actually indicate they are about to deliver and don't want to indicate til it's in an RNS.

[atlantic57] 27/7/2018 08:33

Just Jill this is a toss of a coin.

Hillside loan is payable on demand.Until contracts are exchanged with cash all options are possible .I am neither a buyer or a seller at these levels.

Colin zeal sums up my feelings on Minoan.I am hoping that the Directors get this over
Line but this is based on hope not on any confidence in the Directors.

[hugothesecond] 27/7/2018 08:32

Now looks like Monday morning for announcement........Keep the faith !

[pj 1] 27/7/2018 08:28

''Busy'' arranging alternative finance as one example.

[justjill] 27/7/2018 08:08

Terms of loan would only have been agreed after they new the sale was soldid.

And lender would have wanted proof of that! Especially since passed to new Co. Option to "call in" maybe just one of the tools that that company apply to various loan situations.

The absence of news is causing peeps to needlessly fret.

Don't get me wrong....like the rest of us, I think information/meeting timelines has been sh*t all along.

[waterloo01] 27/7/2018 07:51

AS mentioned at time, busy doesn't mean constructively busy, just more chasing their tails. If the deal is off or the loan called in they need to release this information ASAP not wait for the next planned announcement.

[justjill] 27/7/2018 07:46

Guys as a logical process interims were always going to technically come "first"....even if same announcement. What would be the point of results of something you have just you've sold.

Also it was just last week, when Scotty got reply about things be "busy"....with no hint of trouble.

I'm not clear on what Scotty wrote above this time, but it may just be a kiss that everything is ready to roll and CE was afraid to give any hint of situation.

One of the early sells yesterday was 5.1 and a later block.....that's probably why share price sell was moved down. Think we're over-thinking on here....

[waterloo01] 27/7/2018 07:45

Anyone buying when this drops below 5p?

[pj 1] 26/7/2018 22:05

Agree. I fear the BoD are withholding information from the Market in the hope news from Crete will pacify an ''end of negotiations'' statement for the T&L sale. The question is if so, how long have they been withholding that information and , as always, what dubious due diligence did the NOMAD undertake?

Hmmmmm, they have used ''imminent? I well warned them against using that word at UKIS, so to do so is really taking the p*ss imo. I still conclude there is an apparent joy in playing games with PI's.

Imminent in Director speak is not the same ''imminent'' as interpreted by PI's.

Imminent means <2 years to a Director of a listed Company.

[wi1l] 26/7/2018 17:15

Hopefully 'imminent' means tomorrow and along come the interim results with an explanation - it should help to answer the uncertainty that surrounds the T&L sale.

[colinzeal] 26/7/2018 16:59

Christ...looking at sub 5p soon! What a shower this stock is! Once I'm out I'm going to buy myself a nice big bottle of Bollinger and celebrate that this nightmare is finally over. No more CE, CS, T&L or anything else remotely Minoan-related...

[scotty1] 26/7/2018 16:54

Waterloo in your edit you make a very valid point.

[waterloo01] 26/7/2018 16:50

Indeed and thinks it's been so for awhile. Always the cheque is in the post.

Trouble is the new holder of Hillside loan can call it in anytime and if they do so today, the shareholders are screwed. (I mean even further screwed).

Edit: It needs an RNS tomorrow with an explanation. As so often repeated here, if they are in possession of material information, they need to release it.

[scotty1] 26/7/2018 16:44

Waterloo if CE says he's going to make a statement in the imminent interims I cannot see it being that the sale as been completed and cannot see a RNS before interims for sale or why say he'll make a statement in interims.I half think the sale as fallen through but hope I'm wrong.

[waterloo01] 26/7/2018 16:34

i.e. something has changed and 5.1p to sell. Guess we all know there's a problem and most of it is due the CE.

Bet the deal is off and they are now talking to 'another party'.

[scotty1] 26/7/2018 16:28

Ok I asked the

question "do you still expect to complete and pay loan off by 31st August as per your last RNS"

The answer with the elapse of time it could be deemed new information.

Also asked how much notice is needed for GM the reply was 14 days so I said so in order to pay loan then you need to complete sale in next week or so to enable payment of loan on time,. No answer as yet.

CE did say interims imminent and he would make a statement then.

To be honest I aint very impressed with all the bs I'm not asking for insider info just trying to confirm everything still on as per last RNS.

[waterloo01] 26/7/2018 16:06

Doubt it. Gravy train will ride on into a Greek sunset.

[colinzeal] 26/7/2018 15:49

They're just not very savvy business people - they might like to think they are but all the evidence points to the contrary. That said, let's hope for some good news very soon for their sake; if the T&L sale does fall through they'll all be collecting their P45s soon after.

[justjill] 26/7/2018 09:06

No tragedy yet PJ. More just a "farce" so far.