Scotty Group Share Discussion Threads

[share_shark] 10/3/2011 08:46

Look who has returned to Aupix!,

[scotty tsquared] 09/3/2011 20:45

"I know of people who are capable of taking this forward"



Minerve - The Soap opera.


can't wait for the next post.

[minerve] 09/3/2011 20:23

BobTheTrader

It is difficult to know what amount of funding would be required without all the information. I know of people who are capable of taking this forward. Whether they would be interested is a different matter.

[scotty tsquared] 09/3/2011 20:03

Bob, I hope you did the Lottery tonight ..... ah well never mind

[bobthetrader] 09/3/2011 19:25

Minerve...

For me there is only one other clear option other than the two provided. We need someone who is willing to buy a stake in the company, large enough to influence the vote and someone who wants to keep the company listed in the UK rather than Austria. Also they will need to provide funding should it be necessary and have a strategy for the progress of the company, bearing in mind that a number of the BOD may not be happy with this outcome. This someone would also need his/her own people to bring in.

This 3rd option is out of our control, unless yourself or someone you know can do this.

If not, then for me the first option is the best, because I believe the second option probably will mean the company ends up on Austrian soil.

Time is running out, and if a plan C is to happen, my guess is, it needs to be done now!

[scotty tsquared] 09/3/2011 18:59

"...... with my corporate lawyer ......"


pmsl

[7bore] 09/3/2011 18:21

get it all over with.

sell and buy NGP in time for the big news.

[minerve] 09/3/2011 18:18

share-shark

Sorry, yes you have.

I really don't think we can say what our options truly are until we are presented with more financial information. To hold one option with more regard than another at this point is fine, but to choose one is stupidity.

Our choices are Plan A, Plan B, variances on either or none of them. We have every right to vote NO for both Plan A and Plan B.

I do not, for one minute, believe that either choice is already certain to win. There are no large significant shareholders to sway the vote in one direction.

I do believe, has someone has already pointed out, that we have to receive the financial information before a decision needs to be made. If necessary, I will check this (including all the details) with my corporate lawyer as, and when, necessary.

I must admit, I am not warming to Plan A as it stands. I do not see anything attractive about having a cash shell waiting for ANOTHER potential buyer. I would like to see evidence of cash shells being sold for a premium: In this market, I am not convinced. Why would you want to pay more than the cash and the cost of a listing when finances already need to restrained. If we are sat waiting for a buyer offers could come in for less then the NAV as it is otherwise almost 'dead money'. If you want to make the money earn whilst we wait, what underlying assets are you going to put the money into and who do you trust to manage it? Who are going to be the new directors? See it is an option infested with too many unknowns, which is what I don't like. Too many unknowns mean more risk.

IMHO

[scotty tsquared] 09/3/2011 17:42

anything other than Plan A ..... is Plan B.

and we know what happens to Plan B.

B is for Bin.

[share_shark] 09/3/2011 17:40

Please Minerve,I have asked you before.

What are your views on other choices?.

[minerve] 09/3/2011 16:57

Hey, I AGREE, in your dreams!

Just for all to remember OPTION1 & OPTION2 are NOT the only choices!

Levelhead and Northwards have already decided, by the looks of it.

BIG MISTAKE!

IMHO

[scotty tsquared] 09/3/2011 16:15

9p ...... in your dreams

[northwards] 09/3/2011 16:14

you can buy online @ 6.5p; even though option 1 would leave a cash shell equivalent to 9p per share.....plus reverse value. Will option 2 win the day....for the sake of the majority of shareholders, i hope not.

[scotty tsquared] 09/3/2011 15:44

was it something I said in my post this morning ?

[scotty tsquared] 09/3/2011 12:52

Hurricane. force tails .... and he is chasing his ....

ROTFLMBFDO

[minerve] 09/3/2011 12:42

Don't try and spin the argument Phil, you made a mistake. LOL

[scotty tsquared] 09/3/2011 11:21

"It fears they might not approve the definitive terms of any disposal."

.... and if they (the shareholders) don't ....... they will lose their other 10%


IHMO DYOR

[share_shark] 09/3/2011 10:36

South EastScotty in £3.4m sell-off talks
Last updated: Fri 4th March, 2011 | Time: 08:49am

Bracknell-based Scotty has received an offer from Austrian company Invest Equity to buy its Austrian and American subsidiary businesses, it said today.

Scotty supplies video, audio and data communications to the government, defence and aerospace markets.

It is set to sell Scotty Group Austria and Scotty Tele-transport Corporation of The Americas, together with various trademarks, patents and other intellectual property, it said.

The €4m (£3.4m) deal is conditional on Scotty shareholder approval and the company said it was seeking a mandate to continue negotiations, to avoid wasting time and money negotiating the terms of a transaction which shareholders may not support.

It fears they might not approve the definitive terms of any disposal.

If the deal goes ahead, the company will have sold all of its trading business, and would become an investing company. Its shares would be dual listed, on AIM and on the Vienna Stock Exchange.

[mikekay] 09/3/2011 10:30

Still expecting to get the trading / financial position. They HAVE TO provide it in the circular.
AIM rules (Rule 15 refers to Schedule 4 item j) say they must provide any info necessary to enable investors to evaluate the effect of the transaction on the company.

You can't determine the effect if you don't know what you are effecting.

If the situation is poor or excellent it makes the decision easier.

[scotty tsquared] 09/3/2011 10:14

Minerve,

I never expected you to get that one 'loser'


Not only did I show GG up for his investment ..... but his HTML writing as well.


You would need to be a progammer to understand the word 'looser'


Didn't see that one coming ..... did you loser !

[minerve] 09/3/2011 09:50

Looser!

Love it, love it, love it! Keep them coming. LOL

[scotty tsquared] 09/3/2011 09:33

goldengoose - 4 Mar'11 - 11:34 - 4840 of 5135

......Drawing a final line under an awful history.......


an drew a line under his MMD loses.



what a looser.

[scotty tsquared] 09/3/2011 08:44

Doctor 69 - 4 Mar'11 - 11:13 - 4837 of 5134
......what we have seen is a >90% destruction of value in last 2 yrs alone.......


goldengoose - 4 Mar'11 - 11:34 - 4840 of 5134
...... Presently, my total investment in Scotty is about 90% down. But even the remaining 10% is not insignificant, and could do a lot with it.......


........ and Level wants his money back !!

some investors !!

[levelhead] 09/3/2011 08:21

Minerve.
Sadly, I have seen many things in my time, we can rule nothing out it seems when it comes to self-interest...
Fortunately, the company has a significant shareholder base and, if they vote - we may yet get a decent amount of cash back - in due course.