Parkmead Share Discussion Threads

[cyan] 24/9/2019 12:37

Good afternoon mallorca.

Have you ever recieved any reply to the questions you posed T CROSS?

Can you let us know what sort of questions you asked please?

[mallorca 9] 24/9/2019 12:31

My paper profit on Inland Homes INL is now higher that the loss I accepted on PMG.

Very pleased.

[cyan] 24/9/2019 12:28

Yes ; the £2.9 million loan to EMAL is outstanding and EMAL are paying just 2.5% interest.

As I argued earlier; in my opinion this was a disguised directors loan .
It allowed T & L CROSS be 'repaid' £2.865.272 from EMAL's coffers.

Directors loans require shareholders approval .

No "joint ventures" with EMAL have emerged in the two years since the £2.9 m facility ( now LOAN)was provided.

In my opinion there was no reasonable grounds to extend the 'loan' another two years.

That loan should be called in.

For complete clarity ;the loan was extended on 26th July 2019;



extract;

The Parkmead Group plc is pleased to announce the 24-month extension of the interest-bearing loan to Energy Management Associates Limited ("EMAL") of GBP2.9 million (the "Loan"). By providing this facility, Parkmead benefits from an exclusive arrangement to join EMAL in new ventures being evaluated by the Company, including inter alia potential opportunities relating to renewable energies. The Loan will continue to bear a fixed interest rate of 2.5 per cent per annum, payable to Parkmead.

[mallorca 9] 24/9/2019 12:21

Inland Homes INL on an absolute charge up again today.

Please take a good look.

[11_percent] 24/9/2019 12:14

cyan,

Have read your posts.

Am I right in saying that the £2.9m, that was loaned to EMAL, is outstanding, and still needs to be payed back from EMAL to PMG.

That loan still stands.

[11_percent] 24/9/2019 11:50

Fardels Bear
23 Sep '19 - 16:24 - 9736 of 9757
0 0 0
Seems like the crew has left the building.

===========

Still here....just wondering if anyone has been arrested yet....

[cyan] 24/9/2019 11:25

Good morning briand2

The sums of money quoted are FACTS; they come from the company accounts and PMG via their RNS.

If you have another logical theory for why EMAL needed PMG's £2.9m credit facility; other than to repay T & L CROSS £2,865,272 ; I would like to read it.

Imo; it appears to be a disguised directors loan from PMG.

Why did T & L CROSS remove £2,865,272 from EMAL's coffers?

Use logic. Must have been for a purpose ; don't you think?

If you have another theory as to the source of the £2,585,156 L. CROSS injected into Pitreadie Farm; I would like to read it.

My theory makes logical sense of that strange loan to EMAL and the cash movements.

[francoismyname] 24/9/2019 11:17

Bid and offer in the 39's now.

No way back now...

[francoismyname] 24/9/2019 10:19

About to collapse.

Get out now while you can.

Wont see 40p for a very long time when it drops mid thirties this week

[briand2] 24/9/2019 08:49

Interesting that what appeared to be presented as fact is now a theory.

[francoismyname] 23/9/2019 21:03

Keep it going Cyan.

The truth needs telling....

I’m a buyer at 31p

[chutes01] 23/9/2019 19:53

they got more shares at 51p cos they know whats coming

[cyan] 23/9/2019 19:43

"TC (and Linda) have effectively taken cash out of their pockets and traded it for PMG shares at 50p."

No; my theory shows that PMG's cash; YOUR shareholders money ,was used to help them get more PMG shares in the takeover.

The CROSS's money was tied up in EMAL. The EMAL £2.9 million facility from PMG allowed a clever re-investment which ultimately ended up with the concert party holding more shares.

They would not have gotten those extra shares without the PMG loan to EMAL.
In effect; you loaned them the cash to get those shares.

PMG was used like a personal bank.

[robs12] 23/9/2019 19:36

FB is right too.

[robs12] 23/9/2019 19:35

You're right. There is a difference between 'listening' and 'believing', and I used the wrong word...

At least you put some effort into it (I hope you are well rewarded for it!), and that earns a little respect.

[fardels bear] 23/9/2019 19:17

BORED BORED BORED