Pcg Entertainment Share Discussion Threads

[jamesd888] 16/6/2017 12:35

Greka drilling (GDL) won US$15 million contract worth buying today...gonna fly this afternoon

[pwhite73] 16/6/2017 08:50

What I can't figure out is where are all these sells coming from. The last placing has long since gone. I thought it was another placing being forward sold but as the sell prices are below 0.10p I'm not so sure. Are they MM shorts?. Whoever is selling is selling at the lowest price ever. Is RP selling his 137m holding to a new buyer.

There was a buy of 27m price 0.109 at 16:29 yesterday. Something is going on which I believe is the reason why this unfair dismissal claim has been launched now.

[pwhite73] 16/6/2017 08:41

The cost of an unfair dismissal hearing is £950. Legal fees can run into millions. Even if you win the judge can direct either party to meet its own legal fees.

Industrial relation law requires both parties try to settle before the matter goes to court. I suspect PCGE has said no to his claims. All he has done so far is served PCGE with a notice. PCGE can settle out of court with him or decide to go to court. He in turn can also withdraw his claim at any time before a hearing date.

My view is that he is aware that any such notice served on PCGE would require PCGE to make a statement to the London Stock Exchange which would result in a sharp drop in the share price. This has happened.

And of course do not forget in all of this Richard Poulden Chairman of PCGE is a qualified barrister by trade. He knows a thing or two about courts, legal fees and judges decisions.

[sorrento06] 16/6/2017 08:38

PWhite I was wrong, he was not an employee. Within his company's contract it stated that pcge could terminate at anytime. No idea what he's doing. Dropping the share price though spite? The former holders who destroyed pcge' business in China, set up a competing company and it folded.

[apfindley] 16/6/2017 08:23

And how much in legal fees? It's open ended, same as any legal dispute. Stop trying to put a cap on it, there is no such thing.

[pwhite73] 16/6/2017 08:20

You can't have it both ways. You can't claim he was not an employee but using his PSC to escape IR35 taxes. If he did use his PSC to escape IR35 then by default he was a disguised employee.

[blueblood] 16/6/2017 08:15

He was not an employee so how the hell can he bring employment claim? Breech of contract with his PSC maybe but wanted his cake and eat it to avoid taxes using IR35?

[pwhite73] 16/6/2017 08:11

Sorrento06 - "They can settle for 78k which is the maximum award."

This is not true. £78k is the maximum award for the act unfair dismissal. This is nothing to do with the 'Statement of Claim'. This is can be a claim for loss of earnings, money, bonuses extra.

[pwhite73] 16/6/2017 08:05

1I1I1I - "this company has only ever done one deal, it bought another company for a significant amount of money and because it earned good money the previous owners came back and took it off PCGE for peanuts by scare tactics."

That is exactly what happened and exactly what RP advised shareholders what happened. The company has since moved on from there.

[isaseeya] 16/6/2017 07:21

I think the fact it has tested the bottom end and turned around is a good sign, airing dirty laundry before better news perhaps. There would have been an out of court settlement if they were not confident of winning and quite frankly losing is peanuts. This is now sat just above NAV of 0.075 so any dips will be bought and it would not surprise me if actually moved up a little as the next news is likely to be good. It also is around the price level that a deal could finally be done.

[1i1i1i] 15/6/2017 23:03

PWhite73 you are deluded, this company has only ever done one deal, it bought another company for a significant amount of money and because it earned good money the previous owners came back and took it off PCGE for peanuts by scare tactics. Absolutely no credibility left.

[loverat] 15/6/2017 15:28

Perhaps someone kicked his walking stick away on his way out.

[pwhite73] 15/6/2017 15:28

Hold firm something is going on why he has made this claim. It only costs £250 to lodge an unfair dismissal ET claim and £950 for a hearing .

[scyther] 15/6/2017 15:20

Exactly hot air in my opinion Next update should clear that up

[blueblood] 15/6/2017 14:57

How can the g*bahite Bryant bring claim when he wasn't employed by PCGE?

[pwhite73] 15/6/2017 14:44

If RP thought it was better to settle out of court he would have. He has advised part of the placing money was to settle pending litigation. If my memory serves me correct the company that NB was supplying his services through had its contract terminated.

[barnetpeter] 15/6/2017 14:42

some big buys going through.

[sorrento06] 15/6/2017 14:32

They can settle for 78k which is the maximum award.

[pwhite73] 15/6/2017 14:26

That is what Bryant is hoping for. He was sacked and wants/needs to show the new management are less competent than himself.

[1i1i1i] 15/6/2017 14:23

Bang on AP

[festario] 15/6/2017 14:16

You were all warned.

[oilbuy] 15/6/2017 14:15

Buying opportunity. This has eaten into the overhang. Well below the last placing.