Pentagon Protection Share Discussion Threads

[cheshiremoggie] 17/7/2014 16:37

I'm afraid that there is a 99.999% chance that it is.

[faxxer] 16/7/2014 22:16

This could of course be a massive coincidence:

[695hwb] 16/7/2014 07:21

Or of course, you can keep your shares, but now in a company called YOLO

[dmhzx] 15/7/2014 19:10

well basically your old company has been given away to some of the former directors. The rest of the directors have issued a load of shares to themselves (with massive options for the next three years), and some of their friends.

Existing shareholders were frozen out of the placing.
Or in summary, existing shareholders have been shafted again.
But you can sell all your current shares to the select few for 1.3 pence each.

There is NONE of the old business left.

I saw this coming last September, and did try to warn you.

[4screws] 15/7/2014 15:01

so have we lost the shares we had or do they come back next Monday at around 1.3p

[derektrade33] 15/7/2014 12:29

No mention of the Thales deal.

[695hwb] 11/7/2014 07:47

Let's hope we get the positive vote today, at least we can then move on to pastures new!

[derektrade33] 27/6/2014 17:03

Offering 1.3p per share :S

[daveperry] 26/6/2014 02:19

Watching this for a good few years. Companies that are small not got the clout.

Trying very hard market for them.

[derektrade33] 25/6/2014 13:50

You Only Live Once

[dibs61] 25/6/2014 13:48

Yes the way I look at it is its one or two pence per share more than I thought I was going to end up with. Had also written this off. May as well hold 'YOLO' (what a s*it name) and see what happens. Don't expect much though!

[4screws] 24/6/2014 20:10

so when does it relist if all motions are approved

[derektrade33] 24/6/2014 16:22

I had allready written the money off. so anything is good for me.

[695hwb] 24/6/2014 14:12

I hate to say it but it's better than losing the whole damn lot. See what YOLO brings to the table...

[knigel] 24/6/2014 14:09

So ex director gets all the existing business (which did well last year) while shareholders will be left with shares worth 2p each on relisting! Stever!!

[695hwb] 24/6/2014 13:50

Not as I read it, you still retain your shares, but in YOLO. But I haven't digested it fully yet....

[4screws] 24/6/2014 13:47

The Directors have therefore made a proposal to creditors under a CVA process, which should provide an opportunity for the unsecured creditors to make a partial recovery of their debt which is based on realising a value for the existing AIM listing status of the business. The Directors are also proposing to dispose of the Company's remaining businesses, as part of a CVA process, to Mr Haytham ElZayn in consideration for the residue of his loan balance.

In order to recapitalise the Company and to provide funding for the CVA and working capital, Peterhouse has conditionally raised GBP611,600 at GBP0.013 per Subscription Share, through the Subscription of 47,046,148 new Ordinary Shares. The Subscription Shares will be issued following the passing of the Resolutions.

Peterhouse Corporate Finance Limited will be appointed as Sole Broker to the Company subject to the Resolutions being passed at the General Meeting.

Subject to the resolutions being passed at the General Meeting, it is proposed that Simon Lee Robinson will join the Board as Chief Executive Officer and Mohammed Sohail Bhatti as Finance Director and that Steve Chambers and Cecil O'Brien will resign from office.

A copy of the Circular is available at www.pentagonprotection.com.

[4screws] 24/6/2014 13:45

so I assume having read all of the above. that as shareholders in Pentagon as it stands we have last everything. Can anyone confirm this please.

[4screws] 24/6/2014 13:44

via an injection of new finances or specialist management, the Company can enhance the prospects and therefore the future value of the investment;
-- able to benefit from the Proposed Directors existing network of contacts; and
-- the potential to deliver significant returns for the Company.

The Company will focus on opportunities in the travel, technology and leisure sectors.

Whilst the Proposed Directors will be principally focused on making an investment in private businesses, they would not rule out investment in listed businesses if this presents, in their judgment, the best opportunity for Shareholders.

The Company intends to be an active investor in situations where the Company can make a clear contribution to the progress and development of the investment. In respect of other, more substantial investment opportunities, the Proposed Directors expect that the Company will be more of a passive investor.

The Proposed Directors believe that their broad collective experience together with their extensive network of contacts will assist them in the identification, evaluation and funding of appropriate investment opportunities. When necessary, other external professionals will be engaged to assist in the due diligence on prospective targets and their management teams. The Proposed Directors will also consider appointing additional directors with relevant experience if required.

There will be no limit on the number of projects into which the Company may invest, and the Company's financial resources may be invested in a number of propositions or in just one investment, which may be deemed to be a reverse takeover pursuant to Rule 14 of the AIM Rules. Where the Company builds a portfolio of related assets it is possible that there may be cross-holdings between such assets. The Company does not currently intend to fund any investments with debt or other borrowings but may do so if appropriate.

The Company's primary objective is that of securing for the Shareholders the best possible value consistent with achieving, over time, both capital growth and income for Shareholders through developing profitability coupled with dividend payments on a sustainable basis.

Share certificates

No new share certificates are being issued in respect of existing Ordinary Shares held in certificated form but any new share certificates will be issued in the name of YOLO Leisure and Technology plc. Shareholders should retain their existing share certificates which will continue to be valid.

[4screws] 24/6/2014 13:43

Sale of New Ordinary Shares to Peterhouse

Should Shareholders wish to sell their Ordinary Shares in the Company, such Shareholders may do so by notifying Peterhouse within 14 calendar days of the date of this Circular. Peterhouse has agreed to arrange the execution of a sale of any Ordinary Shares held by Shareholders wishing to sell the same to its clients for GBP0.013 per share. This sale facility effectively values the current issued share capital of the Company, prior to the Subscription, at approximately GBP144,740.80.

Alternatively, Shareholders are free to retain their new Ordinary Shares or sell them in the market as they see fit.

Shareholders wishing to take advantage of the above sale facility should contact Peterhouse directly on 020 7469 0934 or 020 7469 0936.

[695hwb] 24/6/2014 13:38

Interesting developments...

[695hwb] 24/6/2014 13:37

Well, well, well!

[695hwb] 24/6/2014 07:58

That's what I was thinking and the use go the word 'pleased' is intriguing....

[knigel] 24/6/2014 07:22

Perhaps. Why a new adviser otherwise?

[695hwb] 24/6/2014 06:13

Is there still life in the old dog!