Scotty Group Share Discussion Threads

[share_shark] 18/3/2011 11:34

Dont allow the delisting from AIM, trouble you either.


That cannot be done without shareholder approval.

[share_shark] 18/3/2011 11:24

At the moment Minerve,I am firmly in your camp.

One can see clearly WHO is controlling the situation here and for themselves and it is the Nomad. So much for impartiality !.

So at £1.2mill is equal to 6p per share plus the 50% premium for shell with cash equals 9p. How long will that last after running cost?.

WHO IS the enemy here ?.

[ladybird1] 18/3/2011 11:10

No CE - the £1.8m before costs, see above.

[ladybird1] 18/3/2011 11:09

Couple of points:

- Dr.W's holding after subscription would presumably bring him up to just below 30% (can't go over this, unless his intentions change) of the voting shares. More than enough, given voting turnout is always likely to be low, to delist.
- Like North, I was expecting 5p (the minimum)from him. Well done Dr.W. - at least he's serious about prospects.
- The Board anticipate another capital raising will be necessary in due course on option 2, anyway, so current shareholders in practice are just there for the ride (on either option).
- I wonder whether the institutional holdings, significant in a low turnout, are empowered to hold shares outside a UK listing by the rules governing the particular investment vehicles in which they're held. Might cause some interesting moves in holdings over the next few weeks.

For me, option 1 produces so very little prospectively - reverse takeover would inevitably swamp existing holders, any UK tax losses very difficult to get a buyer who could use them I should think. Long prospective wait & say 10p max including reverse premium then, large discount until then?

So take our chance with the good Doctor will likely be my vote, for what it's worth.

[caveat_emptor] 18/3/2011 11:06

The reolution being offered proposes, in one half of the proposal to zeroise the balance sheet with 1.8m approx, and to see the residual business privatised
in Austria, with all it's current sales and debtors and intellectual property
and assets going with it?

Yes/No?

[minerve] 18/3/2011 10:38

Yes, I would think 'ASAP' would be in their mind, that is, unless, significant orders came through and then perhaps they would have a more difficult time persuading U.K. shareholders.

IMHO

[4gazza] 18/3/2011 10:37

Northwards- No way, whilst the majority of shareholders are UK based the UK listing will stay.

[northwards] 18/3/2011 10:25

if it goes to option 2, this will be delisted from AIM within 6 months i reckon.

[minerve] 18/3/2011 10:18

So much for the £1.8m cash eh Levelhead?

I like this bit: 'Shareholders should be aware that they may lose the protections afforded to them by the Takeover Code should the Company's place of central management and control no longer be deemed by the Takeover Panel to be in the UK, Channel Islands or Isle of Man.'

What protections are we afforded now? I haven't read the code fully, but from our position, I think the protections afforded are not good enough even here in the U.K., never mind Austria. To allow companies to come along and 'buy the company' without 'buying the company' seems open to complete and utter share manipulation.

In my opinion, the code should always be this: If a company is to be bought, which is deemed to be, pretty much, the whole of the company, the shares should be suspended at the offer point and the offer should be for the company's shares. Now, I can't see what would be wrong and unfair about that.

I think I am with Dr Ernst Wustinger on this one.

Nice to see that The Lord has decided to go. I am not generally supportive of Chairmen who are of this age, retired/not retired, if you understand my meaning. Rex was in a similar position. The only exception I would make is Warren Buffet. ;)

IMHO & DYOR

[northwards] 18/3/2011 10:12

have to say, i'm surprised the Stinger is willing to pay 8p-9p....i really was expecting c5p or even less.

[share_shark] 18/3/2011 08:19

Thank you mikekay.

[share_shark] 18/3/2011 08:18

Funny how my question re amount left in shell has now fallen to £1.2mill.!!!!

£6ooK for expenses etc !. Gee !.

[4gazza] 18/3/2011 08:11

So, Wustinger will subscribe at 8-9p per share which is a huge premium to the current share price. Then he will build the company up without the dead weight of UK overheads. I like it!

[mikekay] 18/3/2011 07:57

Circular is on the website

[scotty tsquared] 18/3/2011 07:18

....... and you are one of those people !!!

Envious of ME !!

as was .... Hurricane., Officeman, joetunn and the rest.

I can live with the FACT, you being envious of me ........ many people are ..... there is no shame in it.

[minerve] 17/3/2011 21:10

I'm no liar Scotty fly.

You are the very dubious person on this thread. You and your friend blodders.

I am smarter than you, wealthier than you, and enjoy a better life than you and you just can't handle it can you. Neither can Blodders! LOL

Oh dear, Oh dear, the world is full of people who are ruined by envy.

[blodders] 17/3/2011 20:45

Forth name down in next link. Mentions Scotty....Also EW has been linked with
some of the companies mentioned !! Given JBs bank history, just wondering if he knows anyone from IE ??



AS ALWAYS DYOR

[leeds1] 17/3/2011 20:06

somebody is buying in bulk - i wonder who it could be ???? lol

[share_shark] 17/3/2011 19:36

19th.on the leaderboard today ????????. Explain that someone please.

[scotty tsquared] 17/3/2011 16:33

Shouldn't that be gain £M's ........ lose £300K+ ?? despite listening ..... but NOT acting on the Saviours method.

to be a good liar you need to remember 'your story'.

FACT

IMHO DYOR

[minerve] 17/3/2011 15:29

Saviours method i.e. Don't trade -> Loss £0, gain £0
Minerve way i.e. trade and take risk -> Loss £300K Gain £M's

Which way wins, mmmmmmmm not the ScottyTsquared Fly way, that is for sure. LOL

[minerve] 17/3/2011 15:24

I don't think so! LOL

ScottyTsquared - Fly

You do make me laugh. Who needs comedy when there is you and blodders!

[scotty tsquared] 17/3/2011 12:13

Minerve,

YOU are that FLY !!!

You must be so annoyed with your self for following the 'Minerve way' ...... and not the 'Saviours Method'

[minerve] 17/3/2011 11:36

Blodders!

Thought it wouldn't be long before you came on the seen!

Haven't I told you before, ScottyTsquared can stand-up for himself, or perhaps he can't. He needs you to stand-up for him! LOL

Please remind me of my tirade, for I cannot remember, please tell me more! I'm all ears.

I have a good idea of who you AND Scottytsquared are and it all fits. Just the comical duo I always will remember you as. LOL

[caveat_emptor] 17/3/2011 11:18

I see a 1:20 whichever resolution wins the day.