Sunkar Share Discussion Threads

[one day soon1] 05/7/2014 10:16

Thank`s August.
All help is appreciated.

[augustusgloop] 05/7/2014 08:24

one day,

that's the spirit.

Look at how they acquired the asset.
Look at how they brought the asset to market.
Look at who was initially involved.
Look at who held shares just after the IPO.
Look at the restrictions on them.
Look at the holdings statements on RNS and in the accounts.
Look at the information about this provided by the company (none).

Look at how the share price was held up by promises of sales.
Look at the reported sales.

look at the announcement of sales (in the unaudited interims).
Look at the fact that the auditors refused to accept this in the finals.
Look at the change of auditors.

Then there's much more.

Its going to take you a while.

[one day soon1] 05/7/2014 06:31

OK.....Lets put a case together, It does stink, the whole thing smells of Rat so badly that it was all a scam.
We have time, we have energy and we certainly have motive so lets just get down to it and present our case.

I will look at the FSA Site and find out how to make a complaint and what is required etc,

Please no more bickering and `I told you so messages` Lets pull together and fight back.

[augustusgloop] 04/7/2014 13:17

danandrews 3 Jul'14 - 22:53 - 8706 of 8712 1 0

No apology or slightest hint of sympathy made to private shareholders by the board. They were paid to do a job and they have failed. Teck Soon Kong.. Serikjan Utegen.. Nurdin Damitov have been incompetent at best, complicit at worst.

-------------------

They were part of a syndicate from day 1.

That syndcate has made well over £100 million out of this.

They have certainly not failed.

--------------------

I pointed all this out long ago.

And got well and truly attacked by shareholders here for doing so.

[danandrews] 04/7/2014 11:15

Faza if SAPC have under 90% but more than 75% what can they do?
1. New offer price 2. Further dilution to squeeze PI's out 3. SAPC pull out ..... any thing?

[one day soon1] 04/7/2014 08:08

LSE 5,255,687

ADVFN 11,411,400

iii 320,371


Total so far 16,987,458

[faza3] 04/7/2014 07:37

we need the support of this 30% if this stock does not belong to SAPC
I think that they do not want to meet shareholders on August 19 it looks like they are quite sure what will happen


if SAPC have this 30% you know how this happend and who was helping them

[onsideman] 04/7/2014 07:24

184000 between myself and my wife. Not selling

[faza3] 04/7/2014 06:52

This whole circus costs He will not withdraw so quickly

for us important is how much he has stock on July 8

if more than 90% game over
if less than 75% still in play

someone buys this shares it can be
1) SAPC
2) someone else

[faza3] 04/7/2014 06:33

"MY only worry is what happens next" 14-day extension offer will happen
you are going too far p10

[danandrews] 03/7/2014 22:53

No apology or slightest hint of sympathy made to private shareholders by the board. They were paid to do a job and they have failed. Teck Soon Kong.. Serikjan Utegen.. Nurdin Damitov have been incompetent at best, complicit at worst.
While still sitting on an balance sheet with assets valued at $74,978m, they have the cheek to assume we would be grateful for an offer price of 1.835p.

Begin, be bold, reject, reject, reject!

[paulb10] 03/7/2014 22:20

the only good aspect is that the really small holders who perhaps do not have the time to respond to their brokers or do not follow events or cannot be bothered to respond, count as a NO vote. ITs going to be a close run race. MY only worry is what happens next. AS i have said my favoured position is liquidation at least that puts the company into the hands of an impartial controller who has the best interests of all the stakeholders involved and WILL try to find a buyer for the TOTAL FREED UP 100% unfeaterded assets of the company . MY worst outcome is that sapc and the so called directors somehow manage to retain control of the company take it private and dilute whats left of the pis by whatever means possible out of existence and then sell on the company at a later date to the highest bidder so they manange to take all of the asset value

[one day soon1] 03/7/2014 20:48

LSE Now 5million! Come on lets get some more

[one day soon1] 03/7/2014 15:35

LSE Now 4,742,981
Add your shares to the list for advfn no vote

Just look at the chart above! and see when they dropped their deliberately scary rns`s and woosh she went down....Enginered drop or what?

[one day soon1] 03/7/2014 12:01

No hangover yet Faza! That will be the morning after we have gained a better offer for our shares!

[faza3] 03/7/2014 05:46

any hangover headache today after such an important decision

[faza3] 02/7/2014 22:25

16 August is far

[paulb10] 02/7/2014 21:47

faza the low takeover price is not the price for SAPC and directors shares IT is the price for our shares SAPC shares and director shares are not for sale at this time.

[paulb10] 02/7/2014 21:45

faza take over OF WHAT, the price to take out private investors nothing else THIS IS A TACTIC to dump the PIs. In order for SAPC to gain 90% of the shares to force out all private investors TO ALLOW SAPC to offer 100% of the business up for sale to a third party. I think that they are probably in private discussion with a third party at this time as we speak. I think that the third party has already agreed a tentative price offer for the company but only if they can buy 100% of the company without any interference down the line.

[faza3] 02/7/2014 21:21

I am just surprised that such a low takeover price has not aroused interest from other parties

me too danandrews

[paulb10] 02/7/2014 21:20

this is true dan the reason to my my opinion that there has not been any outside interest is because SAPC together with their cohorts i.e. the directors control at this moment in time virtually all of the shares. SO it is that at this moment in time any company wishing to purchase the company must have to have their approval i.e. SAPC and the board, WHICH THEY WILL NOT GIVE BECAUSE THEY THEY HAVE OTHER PLANS IN MIND, which do not include benefiting of PI shareholders. TO my opinion the best bet for PI shareholders is to get the company forced into liquidation and then into the hands of a receiver appointed by a court that is impartial e.g. in the UK. This will free up all of the shares for sale including SAPC and the directors and PI shares and make it more attractive to an outside bidder because they could buy 100% of the company. The receiver will act on behalf of all concerned and not just pander to whatever private plans SAPC and the directors have for the company and will attempt to get the best market price for the asset to compensate both the creditors and shareholders as a whole.

[faza3] 02/7/2014 20:58

if they would want to do options 2 they could do it long time ago for example, by issuing more and more loan notes dilute us as close as possible to the required threshold instead of that an unsecured loan which is a surprise to me
They rushing something going on there

last loan nots change in shares in 2015 as I remember

[danandrews] 02/7/2014 20:45

Paul, SAPC have a large amount of money invested already. At the current offer price they are in reality only spending a further £3m to acquire the rest of the company.
They have managed this to near perfection for some months now, why back out when they have almost achieved their objective. Further to this SAPC appear reliant on the success of SKR to maintain their other projects. Sure hypothetically they could back out but based on the facts available i personally believe it is highly probable a second offer will be made. The only question is how high are they willing to go.
I am just surprised that such a low takeover price has not aroused interest from other parties.