Orchid Developments Share Discussion Threads

[markt] 16/12/2012 11:59

"If the company received a 'bid' in Feb, then goes into Admin in 'Dec', you need to ask serious questions"

Good point. But, imho the FSA and AIM are not interested in asking serious questions in anything !. Whether the SFO would, or whether they can be pressured to do so (such as via the press), I dont know.

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"'shenanigans' around Feb to acquire 30%"

I think you mean the 8% of the co. that the dirs. achieved in exchange for not taking cash, for their perceived bonus for claimed profit of 30ME in 2009.
I always claimed that no profit of 30ME was made in 2009.....but now that the vote has happened in Feb to agree to what happened makes it harder to change imo, except for showing that the 30ME profit was not real. ...whether the arriving administrator would be interested in a legal case to cancel that bonus ...I dont know...if there was some SFO, FSA or AIM investigation...and doubts about whether the co. was operated in a true and honest fashion for general benefit of all shareholders...then it would be easier imo.

The bonus was around 1-2ME...so it was a lot....and OCH Plc will have to pay it as cash now for those capitalisation shares, if pay out 2p/share to shareholders then the dirs. would get 20p-2p for the capitalisation shares (and then also 2p for normal distribution !).

As someone posted, if the dirs. had put as much time into running OCH as they did into creating conditions for things like capitalisation shares and EGMs to vote things for them (2 in 2012 !) then maybe OCH would not have gone into administration !!.

[timtim5449] 16/12/2012 10:22

I live outside the UK (not in the Caymans) brick but if I was there I would have gone. But that is not the point, we are working people too.

[smithd13] 16/12/2012 10:22

Pulled this little page together to help show what we've achieved so far. Thoughts anyone? :)

[timtim5449] 16/12/2012 10:20

Och is involved with UK citizens, ie being on the AIM London, they seek money from UK nationals, the UK nationals have a RIGHT, a Right, and I am sure any sense-able person in there right mind will recognize this FACT, regardless of them being in the Caymans.
To this end Pis have every RIGHT to pull together and form a UNION of sorts. And if necessary TAKE control of an ailing entity that they the peoples have willingly parted with their own money in GOOD FAITH. That faith has now been lost, they the BODs had there chance.

[bricktycoon] 16/12/2012 10:19

Why didn't everyone that is in the action group go to the egm a vote yes to the resolutions gla

[bricktycoon] 16/12/2012 10:19

Why didn't everyone that is in the action group go to the egm a vote yes to the resolutions gla

[knigel] 16/12/2012 09:59

He might not be a director for much longer...

[bumpkinroll] 16/12/2012 09:39

smith - good call. suggest we start using this after mondays feedback/advise from the the two potential resources we have so far.

Jack - can you answer the email I sent you please.

My Daughters 1st birthday party today so a huge list of chores to get through set by her in doors.

Will post tonight & will email the email sent to my Lawyer contact.

I urgently need the company contact details for Value Investments - markt, can you/or somebody repost these please?

[timtim5449] 16/12/2012 09:20

looks like we have the biggest single holding now!! excellent.

[warwick69] 16/12/2012 09:14

If it helps I know cattles action group had some success in getting quite an uplift in the end share price per share they held

[1mb] 16/12/2012 08:49

Jack - apologies this is my exact holding - 168018

[derektrade33] 16/12/2012 06:18

Guys, Its worth noteing that when i signed up my emails went straight to my spam folder, so if you don't receive a reply straight away check the spam folder and mark as 'not spam' :)

[smithd13] 16/12/2012 01:05

Hi

Couldn't sleep so finished setting up the list.

The public email address is [e-mail] - NOTE: Only members can mail the list.

To Subscribe/Unsubscribe:

[smithd13] 15/12/2012 23:20

Hi folks

Just got back for the day (wifey's bday today)... Spoke to my colleague earlier, you can add the 108344 he has (tentigers on lse).

Almost finished setting up with the mailing list, will send out details in the morning.

[jack1236] 15/12/2012 22:03

markt

If the company received a 'bid' in Feb, then goes into Admin in 'Dec', you need to ask serious questions, especially the 'shenanigans' around Feb to acquire 30% of the company.

[jack1236] 15/12/2012 21:59

I've posted on iii.

[knigel] 15/12/2012 21:49

Is anyone a member of iii just in case we have missed any private shareholder who uses the och thread?

[bumpkinroll] 15/12/2012 21:42

Guys, we have x2 promising resources to contact on Monday morning. Think it best we hold off emailing the II's until we have advice from these contacts. The more detailed/informed & professional we are with the II's, the better.

We should however still be able to format the letters/email & send by close of business on Monday subject to your approval of the email.

[jack1236] 15/12/2012 21:40

markt

It matters with regards to directors fiduciary duties to their shareholders. If the directors have breached their fiduciary duties.