Minoan Share Discussion Threads

[atlantic57] 22/11/2018 18:20

Surprised there has not been heavy buying for those who believe the asset is worth
one hunded million Euro.

[waterloo01] 22/11/2018 17:49

Needs to be at the 3.5p level otherwise they reprice.

[pinkfoot2] 22/11/2018 17:43

It’s simple-Zachary put up a couple of million at 2p and they will control-probably after its delisted.

[fireplace22] 22/11/2018 17:24

With zachary (on exercising warrants) and two directors (how many have we still got btw?) holding 27% of the company why not take out now instead of further dilution of their shares? If the asset is credible (and offers of co-development nave been informally received) it shouldn't be too difficult for them to raise cash for a derisory offer.

[microscope] 22/11/2018 17:17

Will be interested to read PJ's summary. my instinctive thought on today's price move was that maybe the next placing is imminent and given recent sells, maybe at around 2p. But that's only a guess, with Zachary's warrants deep under water from 3.5p now they'd be keen for it to be higher surely

[waterloo01] 22/11/2018 17:13

Depends on the dilution. As they can run on fumes, given the salary sacrifice, it remains about the potential endgame (rather than the endgame being going bust)

[fireplace22] 22/11/2018 17:12

Yes, but they've needed the time to get the share price down to make a reasonable offer 3p anyone?

[waterloo01] 22/11/2018 17:11

fireplace, I'd be OK with that. 3.5p makes sense. Source?

[colinzeal] 22/11/2018 17:08

Appeals dimissed 26th June 2017, today 22nd November 2018...nearly 2019!

[fireplace22] 22/11/2018 17:06

I bet that 25% premium could come from the directors/zachary. Just to rescue the company you understand.

[pinkfoot2] 22/11/2018 16:58

For me it’s only a full exit now-why would anyone JV with the company at this level when offering a 25pc premium will get you the lot?I expect a massive write down in the balance sheet soon with this trading at an eye watering c95pc discount to supposed NAV

[waterloo01] 22/11/2018 16:42

No. Like most I'm locked in here by the price. Won't sell but live in hope, but you know what they say about hope!

Need to know how they are going to get enough finance in place to see them through to the ever allusive deal.

[pinkfoot2] 22/11/2018 16:40

On a plus the directors will be able to exercise their options without much tax penalty!!Rejoice

[pj 1] 22/11/2018 16:40

On a positive I did have a full response to my email ref Director remuneration and options, received late last night.

I don't think it is fair to just copy and paste the response on a BB, but I will summarise it later

[colinzeal] 22/11/2018 16:29

can you blame them?

[waterloo01] 22/11/2018 16:22

There are only PI holders.

[pj 1] 22/11/2018 16:19

Selling with volume. This is some PI's chucking the towel in imo

[fireplace22] 22/11/2018 08:04

With two directors and zachary (warrants) potentially holding 27% of the company I'm sure they will do a deal, but to whose prime advantage? Will it be another director takeaway?

[acliff] 22/11/2018 07:53

these guys couldnt do a deal with a pack of cards

[pinkfoot2] 22/11/2018 07:28

If it’s the second coming,can I buy a ticket?

[atlantic57] 21/11/2018 22:08

Colin give us a flavour of the twitter feed..

[colinzeal] 21/11/2018 21:28

It was a £10,000 trade and the Twitter lot are thinking it's like the second coming of Christ.