Origo Partners Share Discussion Threads

[russman] 10/3/2016 09:52

The Articles are not currently available on the website.
I presume the ZDP holders get more votes in a default; still dwarfed by the ords.
On the other hand the ZDPs probably do not want to convert into ords or sink the boat either.
Tricky.

[zcaprd7] 10/3/2016 09:49

I got in because I held ecofin, who I rated, and they had invested here. I thought there was still (although they have more or less conceded to Brooks) some legal doubt about what missing the redemption actually means?

[mad foetus] 09/3/2016 09:45

how many people were put into this by that bald con man?
Vote me up if you were, would be interested to know.

[russman] 09/3/2016 09:39

So what does it say happens in the amended Articles if a default occurs?

[zcaprd7] 08/3/2016 12:35

Hmm, the sky hasn't fallen on our heads... "the Company will now remain under a continuing obligation to undertake the redemption of US$12 million of CZDPs as and when it is legally able to do so."

[zcaprd7] 07/3/2016 15:26

We'll see tomorrow I guess. The omens are not great!

[zcaprd7] 27/2/2016 18:30

Yes. Surely Brooks don't want a total default?

[russman] 27/2/2016 09:25

Inept corporate managers who have boxed themselves into a corner.
Unless they can borrow $12m by the 8th, they are out of job.
Brooks may win the battle but lose the war.
The lawyers seem to be laughing again.

[zcaprd7] 26/2/2016 15:52

Hardly worth getting out now...

[sweet karolina] 26/2/2016 15:19

Trading whilst insolvent. Should have been suspended immediately if not before. Still make hay while the sun shines and get out now if any MM will take your shares that is.

[dr kuntz] 26/2/2016 13:27

R.I.P Chow Mein

Dr Kuntz

[dr kuntz] 26/2/2016 13:27

Terminal

Dr Kuntz

[zcaprd7] 23/2/2016 13:47

Yes. How long can they withhold that?

[russman] 23/2/2016 08:52

Strange - no update on who the buyer was.

[zcaprd7] 22/2/2016 14:41

Well, one of the mining companies borrowed some from origo, which is due back (or convertible) this year from memory. The irony. I'm pretty sure if they had to, they could scramble the cash together, they just don't want to, unless necessary. Share price is telling a different story, granted!

[russman] 21/2/2016 05:40

I did not know any of them had spare cash.

[zcaprd7] 20/2/2016 22:43

The plot thickens, if I were one of the investee firms, I'd be looking at buying back my equity on the cheap?

[russman] 20/2/2016 08:26

When you see who bought it, you will know.

[zcaprd7] 19/2/2016 11:57

Wow. DB went over 20 percent and then back to zero, what were they up to?

[russman] 18/2/2016 08:56

A "potential disposal" clause.

[zcaprd7] 16/2/2016 18:26

So we're back to the legal challenge again...

[russman] 13/2/2016 08:23

I do not think a rights issue is possible at this stage.
A ZDP default would put Brooks in a strong position.

[zcaprd7] 12/2/2016 17:50

Decent volume over the last few days, how about a combination of all of the above? I don't see why everyone you'd share in the pain?I suppose they want their cash and now... But they gambled as well.

[zcaprd7] 12/2/2016 14:24

How about a rights issue for £12m? Probably should have done that last year though!