Surgical Innovations Share Discussion Threads

[gbh2] 28/10/2014 08:36

I was referring to the confidence shown by the purchaser of one million plus yesterday.

[kenone] 28/10/2014 07:30

Do you have a million shares with no confidence then, gbh ?

[gbh2] 27/10/2014 21:59

I wish I had a Million shares worth of confidence in this company's prospects :))

[darrin1471] 23/10/2014 13:57

I wouldn't touch it with with yours.
I will wait and see but whatever comes out at the end will bear no resemblance to what was planned 12 months ago.
CR has a good history but I see no evidence that he has worked with shareholders before.

[bashor] 23/10/2014 10:31

Darrin1471, I'm guessing you wouldn't touch this with someone else's

[darrin1471] 23/10/2014 09:58

One person who should be looking over their shoulder is the bank employee who loaned SUN £3m a couple of months ago. No wonder banks want so much information when they loan cash.

[john148] 22/10/2014 19:50

It's the same old story with AIM listed companies.They try to grow to quickly and get carried away with their own publicity.We see it time and time again yet the lesson seems never to be learned.
As for the Non-Exec's. Fact is they are only as good as the information put in front of them my the Chief Exec/MD.If they are kept in the dark, as appears to be the case in this instance,then there is nothing they can do.
I'm afraid the responsibility rests soley on the shoulders of GB and in my book, unless proved otherwise, he goes from hero to villain.

[bashor] 22/10/2014 17:25

Darrin bang on, if there is still a business worth anything large scale dilution/rights issue is looming large

[mandate] 22/10/2014 17:23

@gnnmartin - well put, and I agree. I'm also holding onto the shares.

[kenone] 22/10/2014 16:48

Mind you, I suppose if he does want to take it private or get a much bigger chunk of the equity then dragging the share price down as low as possible with negative only news would be the first step. If he knows how to make money out of this there is no point in shining a torch to show us the light at the end of the tunnel until he completes his takeover.

[kenone] 22/10/2014 16:42

The question is - Is it worth bailing out ? Is this 3mm gear really a world beater ? If it is then why no orders ?
Was Rea really suckered into putting his money in to a failing business with no real prospects ? I would like to think not BUT if he does have a cunning plan it's about time he told the other shreholders about it.

[darrin1471] 22/10/2014 16:31

SUN had 1.3m of CR's cash left at half year and were using almost all of the £3m banking facility. Returned stock is going to cost 600k then there is the cost of the redundancies.
Appears SUN is about to run out of cash.
Will CR liquidate and buy the assets or bail out SUN. If I were CR I would want 50%+ of the equity for another £1m

[meijiman] 22/10/2014 15:55

that's why you have lost most of your investment you prat -despite numerous warnings.Please let us all know the rest of your holdings so we can avoid.

[gbh2] 22/10/2014 15:27

Must have been for you BASHOR because I Filtered the idiot some time ago :))

[meijiman] 22/10/2014 14:02

I'm not having a go at anyone just making a general point about capital allocation.Anyone investing IMHO has to do so purely on hard financial grounds -if you back a successful company via supporting its equity (albeit indirectly) and maybe helping its capital raisings to fund growth (not rescue rights issues or massively discounted placings where you have no pre-emption rights and can get heavily diluted) then that company should over time be able to enlarge its workforce -which is a good thing.
As a separate point I am rather dubious about this company's claimed USP -the resposable concept. But the key failing has been lack of traction on sales which may reflect poor marketing or the fact the the big monopsony buyers and the big rival instrument producers have too much clout.

[bashor] 22/10/2014 13:53

Don't know if that's directed at me or gbh2, but for the record I invest to make money, I had expected (at the time of my investment) for SUN to be taking on more staff and moving to a more suitable workplace, that was until the ball was dropped, Still I always have sympathy for the unemployed that would like a job and are prepared to work

[meijiman] 22/10/2014 13:41

and what about the ones who are being sacked or about to be sacked-thought you invested to support local companies and local jobs..........

[gbh2] 22/10/2014 13:10

Yep my only AIM stock and here because I first bought as a green purchaser, thought I'd been lucky given the technology and outlook, until resent bombshell!

[bashor] 22/10/2014 12:54

Small and large shareholders alike, still that's why I have always resisted AIM, letting AIM stocks into ISA's is the only reason I had a dabble here

[gbh2] 22/10/2014 12:36

That's why I say it smacks of criminal negligence, but it's the AIM where this sort of thing happens and sod all gets said when shareholders are mislead by company Directors!

[bashor] 22/10/2014 12:32

The whole thing beggars belief in the timeframe

"We continue to build upon last year's strong growth both in the UK and US"

heyho

[pugugly] 22/10/2014 12:13

BASHOR:> Not sure about patents but cannot see these being worth much given the terrible record of sales. (imo just guessing)

[bashor] 22/10/2014 12:09

PUGUGLY, I tend to agree, but are there any patents worth fighting for

[pugugly] 22/10/2014 11:24

BASHOR: Not sure about CR or what %age of his assets this represents - If not a significant part and if it was me I would very seriously consider not wasting any more time or funds in trying to rescue. The old saying "cut your losses" comes to mind.