Paragon Diamond Share Discussion Threads

[beeks of arabia] 20/9/2016 20:46

Oooh - keyboard warrior!

[superg1] 20/9/2016 13:34

As I recall there were about 25 mill shares held in spreadex on this one pre suspension.

[superg1] 20/9/2016 13:29

CS

I thought that was the whole point of having all the different companies as it keeps your personal wealth safe in most cases.

I know a guy well who Fkd up and left a property owner of multiple units screwed, quickly sold a good assest for £1 to his Mrs to hide now while the folk he screwed couldn't sue him as the 'company' had nothing has now develpeod the £1 site and is making a fortune.

That's the way it works and is why it is little risk to them. You either make money or you lose someone elses.

[superg1] 20/9/2016 13:26

IG could have called 100% cover the moment they suspended but details on the PRG tag show margins still stepped from 25% up, so if folk held there then once it's called in they have to cover.

If you see how OBT must have been in bed with one SB company due to the holding then I guess they do get to hear as it does impact them

[ilovefrogs] 20/9/2016 13:22

Might simply be a policy on timeframes after stock price suspension which has now lapsed? Why would we believe that IG, or counterparties have a better idea than anyone else? Guess we'll find out soon enough!

[club sandwich] 20/9/2016 13:18

Super - well it depends whether we could sue Manduca *personally* (not the company) and what assets he has. Bankrupting him personally would be hugely satisfying, since he has wiped out our investments including, in many cases (me and at least one other case I know of) our pension pots...

[superg1] 20/9/2016 12:43

A sad day then if it comes.

That explains the IG stance. Thanks for that, I did wonder why they let it run.

Such positions could be covering other holdings unless they upped the margin to 100% while it was suspended.

[thelung] 20/9/2016 10:23

IG and others didn't call in payments as they were happy to roll and collect the spread for 6 months. Something's now changed, so news is very close and it will be news of a 100% loss for all shareholders

[superg1] 20/9/2016 10:19

CS

I think the base is (as in a TSX case). Whether news details are suffiently innaccurate that would have caused an investor to buy.

Based on the rumours and Lestimes article then surely the news was highly misleading with hugely significant news ($75 mill loan) never mentioned. The $100 mill requirement to gain the mine was never mentioned either. Acrux are not a leading diamond investor and so on. Dilution avoidance was also a bit of a lie but it's in news where diltuion was coming from so can't complain there, it just made the intent obvious.

But then as said it comes down to is there any point. If there is no cash to be recovered then what's the point of a reputational poke in the eye, all it will do is cause further loss of cash. If it fails Manduca has already scored a massive own goal by standing on a pedastal mocking those round him in the city. I suspect he will crawl under a stone for a year or two in if PRG fails.

[archibald meatpants] 20/9/2016 09:14

"Not strong on the financial shenanigans"Where to start.............

[club sandwich] 20/9/2016 08:41

TheLung - happy to begin whenever I get enough support. I'm happy to do leg-work on what was said when, but as per super's post above I'm not strong on the financial shenanigans. Sounds to me like we need a forensic accountant more than a lawyer, at least at this stage...BTW, I have no specific information news will be coming in the next two weeks, that's just an arbitrary deadline I have set. Apparently news on funding is 'imminent' and could come 'at any time'. Of course, that last phrase could mean next week, next month, 3 months hence or next year. All far too vague for my liking...

[club sandwich] 20/9/2016 07:07

super - it's not caution particularly; but two weeks won't make a difference, and the more Manduca lets everyone down the more support there may be for an action.

[superg1] 19/9/2016 15:49

The Lung

I heard not so long ago that IG hadn't called in the payments as yet. So is that about to happen and force a few to 'sell' other shares they may have.

[thelung] 19/9/2016 13:43

So, the SB companies' counterparties have marked their PRG positions at 0 so it is now (un)officially worthless......

Time for Clubbie to fire the starting gun

[superg1] 19/9/2016 07:08

No I was, have friends holding in materail chucnks and potentially have materail infromation should CS pursue his actions.

Imo CS should not bother to do anything if there is no way of regaining lost.
ted to that's why companies are created especially on the AIM. Gamble with someone else cash at no risk to yourself.

I'm advised the lightbulb came on for a few re PMs personal paid for holding. The lot to be converted 50 mill plus (under 2p, 1.375p I think when considering 1 mill paid) is with Titanium capital investments limited, so who/what funded that, debt???.
If so no risk there either as it seems that's all the company was set up for, the OBT loan note, which on PMs terms wasn't accepted until it was made convertible.

You call that protecting shareholder interests. Well it was to be big dilution on very cheap shares with PM to benefit. Perhaps at no risk.

I understand the recent CS caution. PRG staying alive is probably his only hope of getting something back.

[tsmith2] 18/9/2016 21:52

Superg are you are holder?

[superg1] 18/9/2016 21:41

Your falling for the same BS the rest of them did CS.

[club sandwich] 17/9/2016 12:35

BTW, I've agreed to hold off sending the next batch of letters for two weeks. There are rumours on the wind that we may get some news soon. Frankly I don't believe a word of it - but two weeks won't make any difference one way or the other, and I don't want anyone to be able to say that I haven't given Manduca every possible chance to deliver. It's more likely than not that in two weeks we'll still be exactly where we are now, but I guess we'll see...

[superg1] 17/9/2016 08:36

I suspect they won't get it, and if they haven't then very sad for shareholders.

The advanced stage claim by Lesotho has dragged on for many months re who it's going to.

Nuts really for the bigger ones involved like Gemd. Why didn't they just offer the $6 mill to Lucara and take it instead of all this fannying around.

I wonder if Metekane will demand Lemphane goes his way.

[ileeman] 16/9/2016 21:39

I might give superg a call later, seems like he is the person to phone if you need information into the stock market.

lol