Scotty Group Share Discussion Threads

[minerve] 20/3/2011 17:23

Levelhead

I believe Dr Wustinger will keep to his 8-9p share offer. He needs to uphold his reputation, and as 4GAZZA has stated, he has gone public with this commitment. Additionally, he needs to keep Kurt happy with his continuing commitment to Scotty group within the current company/share structure so coming in with a revised offer isn't exactly going to go down well with the person you are ultimately relying on to deliver the goods.

Who is to say that IE will not revise their offer once we are too far, with respect to costs, down that path also? They can come-in with a much lower offer than present because Kurt's rewards with be drafted 'as-new' in the new set-up once, and if, the operational business did separate.

Also, have you read my previous post 5307, it shows that there is considerable risk of a delist anyway if a shell company was to be set-up.

IMHO & DYOR

[4gazza] 20/3/2011 17:07

Agreed that tier 3 is about as liquid as AIM but at least it opens up the market to a large number of Austrians who like investing in an Austrian company so at the very worst more buyers will come in for the companies shares.

[levelhead] 20/3/2011 16:31

Just like the board said their expectation (in an RNS) that the company would have about 1.8m suddenly becomes 1.25. It says ON TERMS TO BE ADVISED!

But if that were only all. The Third market is far worse than PLUS market and thats hugely illiquid.

I tell you you are being conned by an expert. CASH IS KING. Get rid of these charlatans once and for all.

[blodders] 20/3/2011 16:26

4gazza, but how much attention is he likely to afford this company with all the EOSsssss in town??

[4gazza] 20/3/2011 15:52

level, as he has gone public via the recent announcement which is no doubt recorded in board minutes, he will not be able to shift his position without suffering significant legal and reputational consequences. FYI his nick name stinger is a consequence of those who bet against his judgement, discovering they made a mistake.

[minerve] 20/3/2011 15:28

moving up

57p is not outside the realms of possibility, besides, if it reached half of that, it is by far greater than the less than 7p per share we are being offered at present.

[moving up] 20/3/2011 14:03

Minerve how do you come to the conclusion scotty share price could hit 57p
in 12 months time, PS What is golden goose view on scotty share price for the next 12 months, also whare is the Doc 69 of late.

[4gazza] 20/3/2011 13:32

Blodders, I prefer to work for a living

[blodders] 20/3/2011 13:22

4gazza - 6 Mar'11 - 21:55 - 5059 of 5322

Nobody wants massive dilution but how would you guys feel if Wustinger put his money in at the current market price?


4gazza - 20 Mar'11 - 12:38 - 5322 of 5323


Lord T is going before he is kicked out as will at least one of the other directors, it seems as though 4/5 of the biggest investors have decided to act and support EW in his quest to cut out a lot of costs and put the firm into a more positive long term position.

4gazza, ever considered politics?

[blodders] 20/3/2011 13:13

Thanks minerve, at last.... we both agree with the maSTer !!


Scotty Tsquared - 6 Mar'11 - 19:11 - 5041 of 5322


You are living in cloud cuckoo land.

There IS only ONE choice.

HOBSON's !!!

[4gazza] 20/3/2011 12:38

Lord T is going before he is kicked out as will at least one of the other directors, it seems as though 4/5 of the biggest investors have decided to act and support EW in his quest to cut out a lot of costs and put the firm into a more positive long term position.

[minerve] 20/3/2011 12:21

Yes, I think the 'Thomas Hobson's debate' would be appropriate! :)

[blodders] 20/3/2011 12:13

Re: Post 5317

IF, some of the contracts come in, Scotty rides the storm for a year or so, the world economy turns

How many years must we endure this Share_shark type spin?

But if you want to discuss sensible investment issues minerve, can I suggest we name it, 'THE THOMAS HOBSON'S DEBATE'

You never know maybe 'HUGE' will join us?

[ladybird1] 20/3/2011 10:44

Minerve

May I say that for me your post 5317 sums up the position both concisely & precisely.

[hal5] 20/3/2011 10:33

Minerve

Point taken.

[minerve] 20/3/2011 10:02

Hal5

As with all investments, one should value them on the 'here and now' disregarding the past for this purpose. If we progress with plan 'A', we are certainly selling an asset for less than its real value.

IF, some of the contracts come in, Scotty rides the storm for a year or so, the world economy turns, I don't see the prospect of 57p being unreasonable. Like me, you have already written off the investment anyway. So what harm is there to keep-on with the original plan?

Don't let it take-up too much of your time.

If we have the shell, we will still have the same BODs anyway.

The BODs have obviously convinced IE that there is a business worth investing in, yet they are trying to convince us there isn't! Dr Ernst Wustinger believes £500,000 will see the business through.

IMHO & DYOR

[minerve] 20/3/2011 09:37

ScottyTsquared

Are you sure? I am not convinced. You don't act like someone who is not jealous.

[hal5] 20/3/2011 09:28

What are we arguing about here, 3 or 4 pence at best? The long termers have been taken for a ride by this inept bunch of under performing monkeys, so I think the difference between the alternatives is, in the scheme of things, peanuts and those of us with losses are unlikely to get back much of what we originally invested anyway with either scheme as things stand.

I am all for cutting my losses and getting away from this awful bunch permanently, I have spent far too much precious time and money with this insignificant little loss making company, having been taken in by their lies over the years, that is why I favour Plan A, as I understand it, at least then we have a saleable asset which we can dispose of in due course and get at least some of our money back. Plan B means we have more continuity with the present management which will only result in us getting screwed again. I have absolutely no trust in any of the Bod, especially the Austrians (not being too Xenophobic I hope).

Certainly liquidity will continue to be a problem for anyone wishing to get out. As I have previously mentioned I have already written off my investment here and hopefully will have learned a bitter and costly lesson. I look forward to cutting any links connected to Scotty Group. I'm still kicking myself for not selling this rubbish and buying Barclays instead when they were both 57p! However hindsight is a wonderful thing.

However I do not feel too strongly about either plan and will go with the majority view. Whether or not I lose another 4 or 5K is irrelevant.

Let's just get it over with so we can move on!

[scotty tsquared] 20/3/2011 05:59

..... the investors LOSING 'Club' ? ...... jealous .... not me.

When you have never been a member ....... and beaten 'them' hands down ....... what a saving on 'club subscriptions'

Ha_Ha

[minerve] 19/3/2011 23:57

Someone jealous that he doesn't belong to the investors' 'club'?

It must be so frustrating that you do not have the capacity to discuss investment issues sensibly like the rest of us.;)

LOL

[scotty tsquared] 19/3/2011 23:44

stupid_statement.........

share_shark - 6 Jan'11 - 09:46 - 4338 of 5311

I have been in contact with the company.

NO ONE ELSE IS LEAVING.


TAKE A LOOK AT HOW LONG THE ONE PERSON HAS BEEN WITH MMD/SCO.

THERE IS NO CONSPIRACY.

PLEASE CONTACT THE COMPANY YOURSELF IF YOU WANT TO DYOR !.

"On a personal note I would like to take this opportunity of informing shareholders that my seventieth birthday falls on 31 March 2011 and I have decided that it would be appropriate for me to retire as Chairman of the Company within the foreseeable future"


Someone didn't get an invite to the Lords 70th party.

What a present ..... to be relinquished of this post ......

Ha_Ha

[scotty tsquared] 19/3/2011 20:32

Throwing up,

LOL


Welcome to the real world of investing ......... not the Minerve nandy pandy world.


He doesn't make a good investor at all.



IMHO DYOR

[minerve] 19/3/2011 20:08

Yes, there isn't an ideal option. The late action by the board has really left us with a difficult choice. I am prepared to say 'NO' to option A and allow a placement to happen with Dr Ernst Wustinger. At least he is prepared to pay between 9-10p per share. Option 'A' is trying to justify the sale at much less than this, at much greater cost too.

IMHO & DYOR

[moving up] 19/3/2011 19:58

SO minerve looks like we are shafted either way , as someone as allready posted,

FSA Should be informed about this STITCH UP to us long and loyal share holders
come on doctor whare are you views. golden goose.