Breaking News: David Lenigas planning £5 million LGO placing as yanks pull out - Jabba to take control again

Comments

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   wildrides

   9 March 2016, 03:08

   I see your making up RNS content again . Here is what the RNS actually says :-

   “Having considered the options available, the Board has decided to terminate the FSP with immediate effect. The Board believes that the other strategic refinancing opportunities available represent the best approach for the Group and the Board now intends to focus exclusively on those funding routes.”

   FSP = Formal sales process

   It does not say that the Americans have pulled out . It says the board are not looking to sell the company or its assets via a formal offer . They are looking to continue running the business with an injection of funding . No doubt you have been speaking to the AIM Highwayman this morning since he has published similar on his website . Do try to be factual old boy . A placing may be a part of a funding injection , but it may not be the whole picture .

   While your here …… Tell me about your tip Teathers currently suspended and worth ZERO . When are you going to interview Drummond and find out what is to become of the Shareholders monies that your clients of Hot Stock Rockets have invested . Share holders want some news on Teathers . Speak to your good mate Drummond will you and find out when shareholders can expect action or a return of their funds ASAP.

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   Duck and Dive

   9 March 2016, 03:40

   For the first time in an eon, Uncle Tom doesn’t conclude with the boilerplate signoff, “Target price 0p”.

   I’m sure that Dodgy Dave will delight in proving ShareProphets wrong on LGO – at least for the foreseeable future. The real surprise is that Tom apparently didn’t see this one coming as it was obvious even to the uber-morons.

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   Tom Winnifrith

   9 March 2016, 03:50

   D&D

   Try to get your facts right for once in your life. In recent comments i have caveated with a higher target price ( 0.1, 0.15 etc) IF a placing is got away. I Stand by that though in the end this shite will go under ( just like fastjet).

   t

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   Drunken Sailor

   9 March 2016, 04:10

   What about Wides’ comment. He is right the RNS does not say Yanks have walked. $20m was never going to be enough so maybe the £5m placing is in addition. Maybe the yanks have said slaughter BBMs first with your own placing and then we will come in to chop them into small pieces and bury them in a mass grave. £5m won’t even cover what is owed to the froggies. A dual route funding makes sense. However:

   “Cautionary Statement

   It should be noted that none of the new funding arrangements currently envisaged by the Company are certain or can be guaranteed.”

   This ramp seems to be running out of steam already after the initial spike.

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   Duck and Dive

   9 March 2016, 04:16

   Saturday 5 March 2016
   by Uncle Tom

   “As such, at current oil prices, with LGO drowning in debt it cannot hope to repay, the fundamental value of this company remains less than 0p. The shares are worthless.”

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   Tom Winnifrith

   9 March 2016, 04:22

   D&D

   FFS fundamental value is not the same as a target price.- surely you do not believe in perfectly efficient markets on AIM do you? Next you will be telling me that trade payables are included in net cash. Apologies, no-one could be that stupid could they?

   T

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   Duck and Dive

   9 March 2016, 05:01

   LGO is your biggest 0p call of the year. But the market seems to know more than you because every time you bash it, the SP rises. I couldn’t give a fig what happens to LGO but I enjoy watching your growing frustration that it doesn’t bow to your quill.

   Not sure what relevance trade payables and net cash have here but here’s a nice book for you to read, written by a CFA working for BNY Mellon:

   https://books.google.co.uk/books?id=fzAVZvAGP7cC&printsec=frontcover#v=onepage&q=trade%20payables%20net%20cash&f=false

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   Tom Winnifrith

   9 March 2016, 05:47

   D&D

   Who says LGO is my biggest 0p call? I thought S&G was a far bigger call in terms of market cap etc. Overall having called it as a slam dunk sell from 3.6p down to 0.3p I think Mr market accepts I have got it right even if you do not.

   You are still wrong on net cash. Can you tell us what FJET’s cash minus debt (0 i think) minus trade payables + trade receivables is?

   T

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   Bennt boy

   9 March 2016, 05:48

   Whose going to give ritson 20 million dollars? He’s bankrupted lgo. LGO are in deep poop. There never was an “USA investor” it was a lenigas ruse. Wake up and smell the poop.

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    Duck and Dive

    9 March 2016, 07:08

    “Can you tell us what FJET’s cash minus debt (0 i think) minus trade payables + trade receivables is?”

    You’ve already had the answer in several places from people much closer to the company than me.

    In case you missed it, the answer is $20m (as at the end of last month).

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    Tom Winnifrith

    9 March 2016, 07:34

    D&D

    Nope we have had the answer from you. ED did not answer the question in the note & you dont know what you are talking about. calls now in with company lets get it on the record shall we?

    T