Zyzygy Share Discussion Threads

[asmodeus] 13/3/2011 10:29

"Open offer of 1,129,158,658 New Ords of 0.1p each at 0.25p per share", Tilton.

[wenlynn] 13/3/2011 10:21

Creditors as at 2008 are below.
Total is £581,000
As ZYZ are in a CVA, these should be reduced.

Trade Creditors £67,000
Other Creditors £33,000
Directors Loan Accounts £414,000
Other Taxes and Social Security £53,000
Accruals and Deferred Income £14,000

[mike111d] 13/3/2011 09:42

Email sent Asmo, so yes hopefully you will hear from them soon.

[wenlynn] 13/3/2011 09:16

Last Price 0.08p
Last Market Cap. £650,000
Last Number of Shares 991,658,658

I've got 1,940,000 which on the above figures were worth £1,400.

[asmodeus] 13/3/2011 09:11

O.K., Mike. Perhaps I'll hear from S_S?

[tiltonboy] 13/3/2011 09:11

What price is the Open Offer at?

Is any of it underwritten?

[mike111d] 13/3/2011 09:10

Hi Asmo, that is a good idea, no need to post your email address I will sort things out from my end.

[asmodeus] 13/3/2011 08:19

Otherwise how about S_S? Even though we argue, we love each other really. Failing that,just let me know when you are back reading this thread, and I'll put my address on until you confirm receipt.

[mike111d] 12/3/2011 23:31

Hi Asmo, yes with J although I have not been in touch with him for a while.

[asmodeus] 12/3/2011 23:14

Mike - Do you have Gant, or Gen's addresses? If so, I'll ask one of them to let you have mine, as I don't have a working second address at the moment. In the meantime, have to say ERX's proposition looks like good value compared to Zyz to my naive eyes!

[mike111d] 12/3/2011 20:09

Asmo, if you would like me to contact you offline then post a secondary email address.

[asmodeus] 12/3/2011 19:36

O.k, Tilts. Proposal to raise "up to £2,822,896" by way of one-for-one open offer, with a minimum required of £300,000 to allow the Company's admission to PLUS.

Existing and additional shares to have 10 for 1 consolidation (into shares of 1p), followed by sub-division to create new ords. of 0.1p and deferred shares of 0.9p.

The target is to look for investment opportunities in oil and gas, mining and media, and Richard Battersby and James Butterfield of BWA (a PLUS-quoted investment Company), who "already have a successful record in these investment area", have joined the Board.

The latest time for receipt of applications is April 1st (!), but there will not be a Company meeting (AGM) until April 4th, so no opportunity to meet the new directors and get some idea of their quality, or plans, until then.

There are no current assets, but there is £777,000 owed to creditors. (No mention of Nicetech etc.)

Nothing could go wrong, could it? :)

[tiltonboy] 12/3/2011 15:49

asmo,

Haven't seen it yet. My shares are in Nominee. Care to let me have the salient points.

[asmodeus] 12/3/2011 10:36

Offer documents arrived by post this morning. What do you think of the proposition Tilton?

[exotic] 04/3/2011 12:27

If only I'd invested directly in Sareum!

[wenlynn] 04/3/2011 12:10

I have written but as yet I haven't received a reply.

Cousin,
ZYZ is not dead.
ZYZ is an unlisted stock.
Probably not worth much though.

[cousin jack] 03/3/2011 17:01

WL:

Not sure what you are posting here. Or why. Am I missing something?

CL

[davew28] 03/3/2011 12:53

Wenlynn,

Did you get a response from the company when you wrote?

[wenlynn] 03/3/2011 11:33

All our yesterdays !

Cancellation of admission to AIM

On 9 December 2008 the Company's shares were suspended from trading on AIM as the accounts for the year ended 30 June 2008 would not have been available by 31 December 2008.

The global financial crisis has affected the Company badly in a number of ways, preventing the realisation of funds through the flotation of its investee companies, and delaying the receipt of funds promised by shareholders. Although overheads have been cut to a minimum with the directors drawing neither salary nor expenses for a considerable time, funds became tight and on 10 March 2009, the Company felt obliged to update the market, stating that it had limited cash resources, that funds expected to be made available by a shareholder had not, at that date, been forthcoming and that a further statement would be made once the Company's financial position has been clarified.

As the Company has not yet been able to raise funds and to complete its audit, its shares will cease to be traded on AIM with effect from 10 June 2009.

After tomorrow, the Company will continue to operate as an unquoted company, seeking to raise funds from shareholders or elsewhere in order to allow it to develop its principal investee company, NiceTech Limited. Depending on how the Company progresses, the directors may seek to relist the Company's shares at some time in the future.

[wenlynn] 16/2/2011 07:48

haff1,
I'm writing to the company to ask where we stand.
I don't hold much hope but you never know with this funny accountancy.

If the Director's Loan is written off it could be interesting.

[haff1] 16/2/2011 07:44

...I hold 750,000 and my broker left them off my most recent 'list of shares' held!! I'm asking for their explanation....

[wenlynn] 15/2/2011 20:10

It'll be interesting to see how much they are worth now.

[wenlynn] 15/2/2011 18:28

Shame they sold their SAR and PYC.

[maytrees] 28/1/2011 15:43

Many thanks asmodeus.

[asmodeus] 26/1/2011 19:58

As soon as any of us get the letter, Maytrees, we will report the fact here, and then you, and others in similar position, can demand that your Broker gives you the information.