Minoan Share Discussion Threads

[pj 1] 02/11/2018 20:58

Come on for Gods sake and smell the coffee. Duncan Wilson trousers £1.6m in wages since 2012 (how much before that?) and then sells the Company short on funds he's raised from MIN shareholders.

The Company failed to disclose related party transactions

Its called taking people to the cleaners.

Lots of false rumours behind the scenes, fed to the gullible via 3rd party's. Travel has to be sold to facilitate Crete developments for example, come on, we've all been had!

Why cannot PI's see the wood for the trees?


WE ARE BEING RIPPED OFF!!!!!!!!!!!!!!!!!!!!!!!!!!!

[wi1l] 02/11/2018 20:54

Not sure what to make of it all PJ, but hope that the integrity of the current bod hasn't been compromised by what we have heard today.

[pj 1] 02/11/2018 20:47

wi1l
2 Nov '18 - 20:32 - 814 of 815(premium)

Will, in effect they have sold off cheaply the only 'tangible' asset they had, on the cheap, and failed to disclose it as a related party transaction as we inferred on the BB many many months ago.

We now sit with an imaginary asset in Crete. I wonder what DD the brokers have done on that asset.

IMO accept £20m now and forget these sky high valuations. Its all hog wash.

[pj 1] 02/11/2018 20:43

I phoned WH Ireland NOMAD this morning with a very simple question. They never bothered to call me back as assured even though my number and request was repeated twice for clarity. FACT


Pretty pathetic as well. I also emailed the remuneration committee, and Bill and Christopher. Neither bothered to reply or even acknowledge my email. FACT

I was also extremely concerned when I phoned the company direct this morning that no-one was available to take my call. (again) FACT

Something sure does not feel right here. Anyone disagree?

[wi1l] 02/11/2018 20:32

All said & done given the length of time it took I was relieved the sale went through as it was really concerning at the time that it wouldn't and the loan would be called in leaving us all with nothing. At least now there is still all to play for with CS development and minimal borrowing. It leaves a bit of a bad taste finding out what the company's managing director was doing, he was SUPPOSED surely to act in the interests of Minoan group.

[pj 1] 02/11/2018 20:31

It will be interesting to see in the future if Egleton or any of his family benefit indirectly from this transaction in the future. Would anyone bet against it?

[pj 1] 02/11/2018 20:23

Why do you think they withheld the last update until the morning of the EGM when most votes had already been cast, and the result known. Its called manipulation imo.


Who were the advisors who advised the update should not be issued until the morning of the egm? A previously existing Director?

[wi1l] 02/11/2018 20:19

Borrowing £12.75M from HSBC (I wondered what the charge registered at cos hse was for):

[pinkfoot2] 02/11/2018 19:01

After blowing £50m, nothing should surprise anyone.The shareholders should have been given the opportunity to put money into the travel business in the same way as Zachary.

How on earth can anyone think CE is in control of this(and I mean knowing what he is doing) is beyond me.Talk about value destruction

[atlantic57] 02/11/2018 18:57

There was no mention of this at the meeting I was there.
I am afraid we are in the hands of ce.

So we either loose 100% of our investment or ce pulls of some form of a deal
Which will give shareholders some return on their investment.
This could be anything from say 5p to 20p

[microscope] 02/11/2018 18:20

Over the years seen a lot on AIM, but still struggling to take this one in properly! The "it" in the second paragraph I imagine refers to Zachary. If it does, how long did they know what was happening? Was CE aware? Was he ok with it? Was it mentioned at the meeting? (My money's on no to that one!!). Who was at the meeting?... The questions keep coming... Were Zachary threatening to call in the loan? What if shareholders had voted it down.... Imagine!! :)A sell in the best interests of shareholders? Actually on second thoughts the last one I think might be the easiest...

[wi1l] 02/11/2018 16:11

Talk about a conflict of interest! He must have been in a very difficult position for months. We were all oblivious to it! AND how much of Min salary was paid to him when he was actually spending his time negotiating this additional deal.

[fireplace22] 02/11/2018 16:07

Shame he wasn't as proactive when he was with Minoan.

[pj 1] 02/11/2018 16:01

Surely the more pertinent question is Why didn't he stay?

[wi1l] 02/11/2018 15:59

Share price should be at the very least what it reached in May - 8p+, had it not been for the protracted disposal of Stewart Travel, and at the head of it all was OUR managing director!! Well I'm glad he didn't stay.

[pj 1] 02/11/2018 15:55

If anything was close in Crete the MBO would have included MIN. It would have been too good to be true for them. I'd say we are months at best and probably >12 months away from anything positive happening, as reflected by the share price.

This is looking like a zero more and more every day.

[wi1l] 02/11/2018 15:47

Not to mention the damage done due to the lengthy delays.

[pj 1] 02/11/2018 15:45

I wonder who started the scurrilous rumour that Travel HAD to be sold to allow a pending Crete transaction? This whole Company and those within it stink.

[waterloo01] 02/11/2018 15:40

We got screwed and still end up owning £900k. Makes CE look an even bigger prat. Almost Gordon Brown and selling all the gold at the bottom of the cycle.

[microscope] 02/11/2018 15:36

Surreal, gotta love AIM sometimes!!

[waterloo01] 02/11/2018 15:20

So this was always the deal behind the scenes. Duncan has played both sides of the fence. Guess CE had the wool pulled over his eyes. £23m MBO!

[wi1l] 02/11/2018 14:59

Well, well:

[pinkfoot2] 01/11/2018 12:57

There is no doubt in my mind that CE has made a career out of this but the gravy train has been stopped by the warrant holders.

[fireplace22] 01/11/2018 11:55

Anyway, I'm still in here and won't be shaken out till the fat lady sings. Masochist to the end!

[fireplace22] 01/11/2018 11:51

Probably. Just before the banking collapse - probably seen a a high roller, go go leisure stock.