Subsea Resources Share Discussion Threads

[still waiting] 14/5/2007 21:35

It was Gleave shifting more, he knows its "K"nackered!!

[jfishy] 14/5/2007 16:13

According to ADVFN:

"'K' Block Trade
A transaction using the block trade facility."

According to Global Investor:

"Block trade - Definition
A term used by the London Stock Exchange to denote that a transaction was reported using the block trade facility, which is:

* at least 75 times the Normal Market Size (NMS) for a security with an NMS of 2,000 shares

or

* above 50 times the NMS for a security with an NMS of 1,000 shares. i.e. a very large transaction."

[spinvest] 14/5/2007 16:02

norm4n,

That "K" trade was deleted and replaced with a "T" trade which is very interesting because despite that 700k sell going through as a protected trade the price still went up. So I think I go along with the earlier poster who suggested there is a big buy order in from someone.

[isis] 14/5/2007 15:51

'K' = Knackered.

[norm4n] 14/5/2007 15:50

Can someone please explain todays 'K' trade, what is that?

[partimetrader] 14/5/2007 11:44

Assys
LSE: AXS
There is an EGM tomorrow in order to approve
the Celanese deal. If you are looking for a 'green' investment for can't go far wrong here. The stock is climbing heavily. Company chairman on Bloomburg - end of march...

[tombarr] 12/5/2007 14:12

I think that the Telegraph Journalist needs to go back to scribbling school. I have corrected the piece here:

SubSea Resources, the LATEST IN A LONG LINE OF AIM FRAUDS [salvage specialist] that DOESN'T recover[s] high-value metals and other valuable cargoes from deep-water ship wrecks...

[jfishy] 12/5/2007 13:34

"The Bare Bones" summary of the article:

Subsea is Sunk.

[stewart83] 12/5/2007 11:49

what does it.say just the bones

[emptyend] 12/5/2007 11:44

FYI - SUB gets an extensive mention in today's Daily Telegraph

[tombarr] 12/5/2007 05:25

witteklip - your suggestion (Formation of a Pressure Group") is typical of the chain of events that surrounds a failing company, although the suggestion normally emerges after suspension - so I guess you are ahead of the game.

Sadly, its an utter waste of time because you would have to immerse yourself in the organisation of this and rely on the AIM regulator (which is fruitless) or throw good money after bad. Before administration? Unless you can recruit the larger shareholders and get them onside, again, difficult to do, then you will not be able to chuck out the board. Using ADVFN et al to recruit a group? There's a lot of discussion on these BB's but it probably does not represent the make up of the register.

The only certainty I can offer you is that not one board member or PDMR has reduced their salary to reflect the dire straits they have sailed SUBStandard into. Rest assured that all the snouts will be in the trough to the bitter end and will still be there, as creditors higher up the list than you, on insolvency.

[tombarr] 11/5/2007 14:47

Continuing the maritime theme: the rats are now leaving the sinking ship - Gleave baling out;

Name of Shareholder: Mark FJ Gleave
Class of Shares: Ordinary GBP 0.05
Sale: 500,000
Holding: 6,300,000

So there's £20K in the bank for him, ready to make the Receiver / Administrator a silly offer for the assets. Unbelievable. Sadly the maritime theme cannot be taken to its proper conclusion so that Gleave et al could be made to walk the plank or keel hauled.

If The AIM regulator had this sanction available the market would not have sunk this low - as to allow rats like Gleave to thrive.

[norm4n] 11/5/2007 11:36

You serious, someone wants to buy lots of these!!

[stewart83] 11/5/2007 11:23

The MMs want to buy your shares but will cost you to buy i think they are trying to fill a big buy order and failing i tried for 110000 they wanted 5.5p

[witteklip] 10/5/2007 18:13

When politicians lie blatantly and act criminally without being held to account it is not be surprising seeing them act incompetently in other areas or even seem to be on the make. So how can we blame the people entrusted with the running of Public Companies? Every rat and his mate are out to make a buck so what else should the public expect?

"Opponents of U.K. Prime Minister Tony Blair have long felt that at $74 million, his government had sold its 30.5% stake in QinetiQ to the Carlyle Group too cheaply. They say that the $395 million that Carlyle has made today should have gone to the U.K. taxpayer."



Keep in mind that Tony Blair is expected to join the Carlyle Group after he leaves Downing Street.

[witteklip] 10/5/2007 16:52

"...actively and urgently considering new potential business models and associated funding opportunities." tf.TFN-Europ_newsdesk - thomson.com
kal/vlb

Says it all. RUN! If you have to invest in this then buy into the next private placement for pennies and get added payback to justify the risk with warrants, options or even interest on convertibles secured on the assets. Insiders and big investors can make money on this but my guess is that Joe Soap investors are going to get mauled some more and limp off with next to nothing.

[still waiting] 10/5/2007 14:08

m cap still far too high..

[stewart83] 10/5/2007 12:51

jfishy
good point, but try telling that to two directors serveing 7&8 years for company fraud &manipulation of company shares

[dssaime] 10/5/2007 11:49

does anybody know to what extent Mark Gleave is already being investigated?

[jfishy] 10/5/2007 11:45

stewart83 - This is the UK you are in, it will never happen!

[vmjmurphy] 10/5/2007 10:57

"Does that mean my 30pence/share might be safe !!?"

LOL!