Thalassa Share Discussion Threads

[harry the haddock] 30/1/2019 16:22:18

managed to get rid of them last week. bloody glad i did. only lost a few thousand.thanks Duncan...........

[hindsight] 30/1/2019 16:18:03

It heard you NTV

[ntv] 23/1/2019 10:14:45

come on down

[frazboy] 22/1/2019 14:04:59

i guess the BB have stopped due to the corporate action

[hindsight] 22/1/2019 13:50:16

Seems to have been a busy (relatively) day today for mms on these, all of 19,773 shares traded. And price down 3%

[horndean eagle] 22/1/2019 13:44:26

You can ring up duncan and ask him to buy the stock from you. That is pretty much your only exit. Those holding on should bear in mind that Duncan was actually doing existing holders a favour by undertaking this preference share distribution. At least that is what he thinks.

[harry the haddock] 22/1/2019 13:37:40

it's worthless anyway - haven't been able to sell any via AJ Bell for the last 2 weeks. Even over the phone they'll only sell a few hundred and charge you £30 for the privilege!

[ntv] 22/1/2019 09:42:54

ATTENTION TO NEW BUYERS
your shares will be worthless because of the issue of preference shares to existing holders
you will have virtually no voting rights and DS will walk off with all the cash when the share price gets low enough

[ntv] 22/1/2019 09:26:52

POS
and down it goes

[skyship] 18/1/2019 08:43:58

Agreed, a total farce. They have even issued another RNS today stating the uprating to the Main Board and delisting on AIM will take place over the next 2weeks. A £15m MCap, BVI holding company with more than dubious corporate governance has no chance of a Main Board listing...…..surely???

[ntv] 17/1/2019 13:57:16

short it to hell

[hindsight] 17/1/2019 09:26:45

Complete farce, amazing share price holds up in view of the voting rights. Havent seen deepvalue post here yet

[skyship] 17/1/2019 08:58:44

WH Ireland, their Nomad, is also a disgrace.

[ntv] 17/1/2019 08:52:29

to say the least the London Stock Exchange should be ashamed of itself in allowing this sham of a company to even be listed on the AIM market let alone apply and to have a main market listing. You have opened a large can of maggots
LSE you are a disgrace

[rndm355] 10/1/2019 08:51:59

Thalassa Chairman takes on two sets of shareholders.

[ntv] 09/1/2019 09:28:15

nobody would went the valueless ordinary shares as they have virtually no value to an new shareholder so it will be a low offer to try and grab some stock to try to get to 50%

[andyr0503] 06/1/2019 18:24:42

Crumbs, thanks GWR7! Worth sharing on the LSR thread too if you wish.

[topvest] 06/1/2019 18:11:40

Good post. Yes, this company is a disgrace.

[gwr7] 06/1/2019 15:24:48

I'm following this with interest. Here's a post from over four years ago.

GWR7 - 17 Sep 2014 - 09:12:11 - 2801 of 4217

From a corporate governance viewpoint I regard this as completely uninvestable. As has been pointed out, Thalassa is lending money to a Thalassa trust to buy shares in Thalassa. This seems reminiscent of the activities of Enron. The trust is supposedly a beneficial trust for employees of the company but it is under water, largely due to the purchase of 1 million shares from chairman Soukup at the startling price of £2.70 (using a loan from the company). This was a beneficial exit for Soukup, who is a trustee (lol) but not so good for thin cat employees and shareholders.
The thing is, the trust has racked up over $7m of loans from the company. As it is under water on the shares it has bought it has no means of paying back these loans so by rights you would think they ought to be impaired. Given also that Thalassa pays a company in which Soukup has an interest over 400k a year on consultancy fees I can see why it's registered in the British Virgin Islands.
Barge pole job for me.

[gfrae] 28/12/2018 11:09:16

Could well be, frazboy,
It is a mystery to me.

[frazboy] 27/12/2018 13:43:34

I meant to add, that volume on Thalassa has been pretty modest since the preference shares were issued

[frazboy] 27/12/2018 13:38:40

Absolutely gfrae. I wonder if the reason DS has gone for the main market listing, is, despite his best efforts with the preference shares, he still won't be able to swing a shareholder vote to buy LSR on the terms he's planning

[gfrae] 27/12/2018 12:52:29

I suspect the company would be delighted to buy all shares offered to them at these prices.