Octagonal Share Discussion Threads

[festario] 27/10/2021 14:55

It won't affect us stranded retail shareholders.

[dave4545] 27/10/2021 14:19

And now there is hope again

[29palms] 27/10/2021 14:10

26th October:
CONSENT LETTER MOTION to Adjourn Conference in view of parties' agreement to the terms of a settlement in principle.
Submitted by Securities and Exchange Commission.

[dave4545] 21/10/2021 09:36

Hopefully in 20 years time we will all still be here moaning about another delay.

[truckle1] 21/10/2021 09:02

Thanks 29palms

[29palms] 20/10/2021 22:35

19th October:
MOTION TO DISMISS FOR INSUFFICIENT SERVICE OF PROCESS is denied.
Oral argument scheduled for October 25, 2021 is cancelled.
The Initial Case Management Conference shall be held November 4, 2021, 10:30 am, Courtroom 14D.

[dave4545] 07/10/2021 11:37

Now the 25th Oct

How many times can they keep delaying it ?

[truckle1] 24/9/2021 07:48

Thanks substp.

[substp] 24/9/2021 01:19

Now Put off until Oct 14th

[bedbel] 20/9/2021 14:43

Hi Substp,

Interesting stuff you are posting. Please keep following it and update us.
September 23 is probably just one of more hearings following, I don't see them dismiss the case.

[substp] 16/9/2021 08:17

Monday, August 02, 2021
28 SCHEDULING ORDER: The parties are hereby ordered to appear for an oral argument on September 23, 2021 at 2:30 p.m., which will be held via the following call-in number: Call-in number: 888-363-4749, Access code: 7518680. To ensure that the call proceeds smoothly and to avoid disruption, the Court directs those calling in (other than counsel) to mute their telephones. Additionally, all participants are directed to call in 5 minutes prior to the start of the conference. Finally, no later than September 21, 2021, at 12:00 p.m., the parties shall jointly submit to the court (via the email address [e-mail]) a list of all counsel expected to appear on the record, along with their contact information. SO ORDERED. ( Telephone Conference set for 9/23/2021 at 02:30 PM before Judge Alvin K. Hellerstein.) (Signed by Judge Alvin K. Hellerstein on 8/2/21) (yv)

[festario] 13/8/2021 23:08

I'm pretty sure I did? Online,

[dave4545] 13/8/2021 09:50

Think I would leave mind around 1p, well below NAV but happy to recover something and move on but would anybody else want to take the risk buying it at 1p I doubt it

[a1samu] 13/8/2021 09:46

Yea, I would be a buyer @.25p for I cannot resist a bargain!

[dave4545] 13/8/2021 09:18

Gunn holds over half the stock.

Whatever cash is left should be divided between remaining shareholders and we get bought out and can move. Leave Gunn with the company but no cash.

[a1samu] 13/8/2021 09:16

Mention of a share buy back program is also positive.

[dave4545] 13/8/2021 09:12

Problem with a matched bargain service is trying to find somebody who wants to buy these shares.

I can see it like Sets with buyers going 0.25p and sellers at 1.5p and nobody wanting to budge.

[a1samu] 13/8/2021 09:04

Great. The covering letter is also positive about the progress of establishing a matched bargain system!

[the explorer] 13/8/2021 08:49

Yes, saw that although the covering letter also said "Subject to liquidity, capital adequacy and normal working capital considerations, once Octagonal has published its audited group accounts, it is the Board's intention that Octagonal will continue to maintain its annual dividend policy"

[a1samu] 13/8/2021 08:27

I just received this morning, a copy of the GIS accts to 31.3.21 showing no dividend on page 2 saying " The directors do not propose to pay a dividend in respect of year ended 31 March 2021."

[29palms] 09/8/2021 22:00

Like I have previously stated ...nothing more than Modern Day Outlaws.

From GIS accounts at Companies House-
Remuneration to the highest paid director - £557,780 prob John William Gunn
Cash at bank - £6,280,643 circa 25%+ yoy

Still no mention from OCT regarding "Matched Bargain" facility to trade OCT shares.
I wrote my holding off on 21st Jan 2021 on AIM Cancellation

..once again, nothing more than Modern Day Outlaws and I am patiently waiting with interest for the update/outcome of the might of the SEC coming down on them.

[truckle1] 01/8/2021 20:30

I don't think Gunn will want to return to the market - too much scrutiny and frankly hard work. He will build up the EBITDA and sell with all that cashflow to a third party.

[dave4545] 01/8/2021 20:08

Yep, best to go in thinking it's a total write off.

The only thing going for us is dividends, if Gunn wants money out he has to pay a dividend which means we get a dividend.

I wonder if they will return to the market if the SEC thing gets cleared up even with a massive fine.

[festario] 01/8/2021 15:28

Fat chance of that, but yes, fingers crossed.