Parkmead Share Discussion Threads

[barnes4] 22/9/2019 21:08

CLnr is a better bet imo

[cyan] 22/9/2019 20:39

"The key director and shareholder has increased his holding to 25%,"

Actually its the CONCERT PARTY as a whole that , on 26th septmber, will hold 26.25% of PMG's share capital.

The increase in their share percentage is ENTIRELY because of the takeover of Pitreadie farm Ltd and the creation of all those extra millions of shares. You were significantly DILUTED in oder for the CONCERT party to have that increased interest.

"The Acquisition comprises GBP4.9 million which will be entirely satisfied by the issue of 9,645,669 new ordinary shares of 1.5 pence each ("Consideration Shares"). As part of the Acquisition, Parkmead will also assume GBP3.6 million of Bank of Scotland debt currently held by Pitreadie."


"Post Admission, Tom Cross and his affiliates will hold 28,201,172 ordinary shares of 1.5 pence each ("Ordinary Shares") in the Company, which will represent 25.97 per cent. of the enlarged issued share capital. Kevan Smith holds the remaining 25% of Pitreadie and will join the Tom Cross and affiliates concert party by virtue of receiving 295,276 ordinary shares as consideration for his holding in Pitreadie, therefore the concert party will hold 28,496,448 ordinary shares in Parkmead, representing 26.25 per cent. of the Company's issued share capital."

[bwm2] 22/9/2019 20:22

The key director and shareholder has increased his holding to 25%, coupled with a great price historically ie last 6 months so having waited for a value/price opportunity for over a year, imo this is a no brainer

[cyan] 22/9/2019 19:20

Good evening Rob

Do you think its acceptable for the CROSS's to use shareholders cash to their advantage and to the detriment of other shareholders.?

The ulitmate result of the disguised EMAL loan; the £2.9 million; was that it allowed the concert party to “LOAN” PITREADIE Farm Ltd and to receive MORE shares in the subsequent Parkmead takeover.

You were diluted ; You lose; they gain

I refer you back to my post 9670 and I repost this section;


Think CONCERT PARTY.

PMG provided that £2.9million “credit facility”(now loan) to EMAL; That allowed EMAL to “repay” £2,865,272 to Mr & Mrs CROSS.

That made it possible for L CROSS to additionally LOAN £2,585,156 to Pitreadie Farm Ltd. Increasing her total LOANS number to £4.3 million as stated in Parkmead’s RNS.

When Parkmead ultimately takes over PITREADIE Farm Ltd ; instead of having to pay L CROSS in SHARES for circa £1.7 million in LOANS; they instead had to Pay her in shares for £4.3 million in LOANS.

The whole series of deals was skewed to the advantage of The CONCERT PARTY and to the grave disadvantage of other shareholders who were unnecessarily diluted.

The CONCERT PARTY gets far more shares and, guess what; YOUR company cash was used to help them do it.

[barnes4] 22/9/2019 16:52

Much prefer CLNR personally what do you guys think

[anley] 22/9/2019 16:50

Indeed and by Fardels..........who seems unable to string two words together.

What is wrong with CLNR is one example and the other is that he offers no serious debate on the current and ongoing problems which PMG have.

PMG it seems have sailed very close to a transaction which some in the legal world would call "not on and not in the best interests of shareholders".

Time will tell...............but I do have one share in the business so that answers one of your questions from last week.

[robs12] 21/9/2019 19:22

Oh no they haven't...!

(Since the thread seems to have turned into a bit of a pantomime of late...)

[briand2] 21/9/2019 18:40

The shorter crew are hard at work.I prefer to put my faith in the non execs who have signed this off.

[francoismyname] 21/9/2019 12:14

Sell up here Mallorca.

It’s going to the low 30’s

[mallorca 9] 21/9/2019 09:41

Pity PMG doesn't have any wind turbines and hasn't even filed a planning application.
Tom doesn't want ugly wind turbines spoiling the views from his weekend retreat.

Word is also that PMG are lending Thomas Cook £200m at 2.5% interest.
Linda to join Board of Thomas Cook.
EMAL investing in electric planes.

[paleje] 21/9/2019 00:29

Wind power and turbines getting cheaper.

[mallorca 9] 20/9/2019 17:41

Thanks , I'll take a look - and you check out INL - read the last 6 months RNS's.

[tongostl] 20/9/2019 17:29

Mally, have a look at GLE, or just stick to DTG, whom are by far the best investment out there.....imo.....

[mallorca 9] 20/9/2019 17:11

Have I mentioned Inland Homes INL on here ?

Top of my tip list !

[mallorca 9] 20/9/2019 17:10

Correct - half gone - leaving 40k ish

[chutes01] 20/9/2019 15:50

thought you only had 80k

[mallorca 9] 20/9/2019 15:47

It may well go on to do well from here - I just don't want anything to do with Tom Cross.
I don't think he's working in the interests of his shareholders.

Quite a few still to dump though.