Socialgo Share Discussion Threads

[bobby.ifa] 16/7/2013 13:25

Dom also ran the BrightThing group in the ground, he's a proven track record of unerachievement & lushes it up at his exclusive restaraunt in France. Please show me an Investment where shareholders have benefitted to any material financial advantage.

[the analyst] 16/7/2013 13:20

Regarding the shell, I don't see any real value coming from it. At least, not for original SGO shareholders.

Past experience tells me that they will simply reverse a reasonably-sized company in so they can save face - so that they can say they 'transformed' a company with market cap of less than £Xm into one of £XXm, but failing to mention that shareholder value (share price) was destroyed during the process.

At best, I could only imagine the shell being worth the equivalent of, say, 0.2p per share in a few years - that is, if they find a good company to reverse in and things go really well thereafter. An opportunity might well arise for a few to make a quick buck by speculatively trading on that possibility, but just pin money.

I'm away travelling for the next week or so, but will contact Dom when I'm back and update you, WT etc (privately) if I manage to get an update.

Maybe I might be able to meet Dom privately again, away from Nomads, where we can be a bit more open about whats going on.

Cheers

[the analyst] 16/7/2013 13:16

Norbus,

Yes, it's a good question. You would think, though, that if selling SGO was order of the day, then they would have done it ages ago. Perhaps they already tried and failed, but nobody on the Board understands the social sector well enough, or has the industry contacts to sell it?

I'm stuck in two minds here.

Half of me trusts Dom to do the right thing and keep PIs interests at heart with DWAV. Remember our meeting back in the early V2 days... on the question as to whether he would take it private and leave investors with nothing - the response was pretty passionate, unambiguous, to put it mildly. I hope he stays true to his word on that.

The other half of me - the part of me that has seen this type of thing before with other companies says that we will get nothing. Cynics are already suggesting that Dom wants to take it private just so that he can then eventually dilute AH etc out for having not done their job with V2. In which case, we will get diluted out at the same time - collateral damage.

[norbus] 16/7/2013 04:58

TA

This is one that shows you can fool all the people all the time! .
I second WT Q on sale
if SGO sold now and existing holders hold more in Tavistock as a result could present better outcome.

[still waiting] 15/7/2013 21:30

how much cash did this lot burn through?

did try the web builder out and quite liked it but they stopped my free trial before giving it a real go so needless to say I wished this stock well...

[knigel] 15/7/2013 21:21

Please ask how an one day 60% drop is enhancing shareholder value...

[greedfear] 15/7/2013 21:17

Just another day at the office.

[wealthtransfer] 15/7/2013 21:14

TA - Any feedback would be welcome. Thanks.

You might ask them what has changed that empowers them to now invest in 'strong management with a proven track record' when previous management has been so lacking?

With Socialgo's record of poor management and direction how will the 'new co' attract new investment?

Is Socialgo for sale?

What a waste!

[the analyst] 15/7/2013 16:47

I will actually be in London on the day of the meeting, so might well pop along and ask what the 'business plan' for SocialGO is going forward.

Will update here if I do attend.

[trent harris] 15/7/2013 16:42

Lol, no, I am my own man, not an alias, enjoying your posts, though :)

You are claiming to be an investment guru, but can't afford £5 per month.

I'm quite happy to admit that I need that £5 a month, so don't go premium.... just like you do...

[trent harris] 15/7/2013 16:23

You've been rumbled

Your entire life is ADVFN, but you can't even afford to pay the £5 monthly fee

[dodge city] 15/7/2013 16:22

Didn't Charlie Cooke play for Chelsea.

[trent harris] 15/7/2013 16:10

Nah, it was discussed months before you arrived. You were just repeating their comments from 2011.

You are not a winner, in fact I think you must be just as skint as I am to not be able to afford a premium membership!

Only reasons not to go premium:

1 - can't afford it, sad loser

2 - too ashamed, being such a loser that you do not want advfn to know your identity

3 - too young to have a credit card

[trent harris] 15/7/2013 15:59

Definitely better to buy now to get the DWAV shares thrown in for free, rather than later and only get the worthless shell.