holmes9
- 10 Jun 2008 13:11
fox capital could have taken it private instead of re-listing.they did not why.plenty fish too fry.money transfer market is just the start.dyor
Kayak
- 12 Jun 2008 11:22
- 60 of 210
Ah good. So someone who knows a lot about Incagold decided not to buy it.
holmes9
- 12 Jun 2008 11:28
- 61 of 210
roy tilleard aka fox capital owned 51% when suspended.they could have taken it private instead they gave further loans repayable in 7 years ie 30k last week .re-listed in dec/jan and now moving into a new area monday rns.no stock .dyor.big things coming on the 25th.
moneymakesmoney
- 12 Jun 2008 11:31
- 62 of 210
This is a company in desperation or as the city would say, completely in the shit. A fee of 25% to raise just 30,000, why not raise 30,000 through shareholders at no fee, aaargh, maybe because no shareholder would dare do it.
IncaGold plc (the "Company") announces that it has today entered into a Secured
Loan Agreement with Fox Capital Limited ("Fox") whereby Fox has made available
to the Company a working capital facility of up to 30,000 to secure the
Company's cash flow position in the near term. The principal terms are that, in
addition to paying interest at a rate of 1.5% above the HSBC base rate, the
Company shall pay a fee to Fox of 25% of the maximum amount drawn down during.....
the Loan Period which shall be paid to Fox on the Repayment Date
Kayak
- 12 Jun 2008 11:33
- 63 of 210
lol
holmes9
- 12 Jun 2008 11:35
- 64 of 210
buyers nibbling.they have all the funding they need plus fox ie mr tilleard is right behind them he knows better than anybody as he is now in charge at incagold.it is basically now director funded.what more do you want.no funding issues and acquisitions pending.25th dyor
holmes9
- 12 Jun 2008 11:37
- 65 of 210
full ask now with selftrade
holmes9
- 12 Jun 2008 11:47
- 66 of 210
buying will start aproaching the egm.dyor.25th.as for the drawdown the 60k from dec has not been used.
moneymakesmoney
- 12 Jun 2008 12:16
- 67 of 210
Holmes9. As you and your fellow investors flush your money down the toilet I should go out to B & Q and buy a plunger !! Unlike these shares, you can buy a plunger for 2 and when you get it home its still worth 2 not 50p:-)
chocolat
- 12 Jun 2008 12:23
- 68 of 210
Guess that's what he meant by other news too privvy too the market
aldwickk
- 12 Jun 2008 12:35
- 69 of 210
Can't the directors raise a small amount like 30,000 between them.
holmes9
- 12 Jun 2008 12:39
- 70 of 210
aldwick roy tilleard is the director of incagold/fox capital.fox put thier own man in the driving seat in dec on re-list.it is thier money.dyor
moneymakesmoney
- 12 Jun 2008 12:43
- 71 of 210
Think they tried begging so the only option was for a director to cough up. the director must be very sure of the stability of the company and the security that he let them have the money at a very discounted rate, not. A 25% fee is an outrageous amount to cover his risk, plus libor plus 1.5%. The director has clearly no faith in the security of the company, very worrying if you are another shareholder, you must feel like you have been mugged!
holmes9
- 12 Jun 2008 12:46
- 72 of 210
starting too sound like an mm there moneymakesmoney.that would ring true as you said there is an overhang which there deffo is not.a bit short mr hoods/scap/wins.fox will give you zero as they know this will fly come the 25th.dyor
Dil
- 12 Jun 2008 12:51
- 73 of 210
mms will give you zero of any stock plonker
moneymakesmoney
- 12 Jun 2008 12:52
- 74 of 210
Holmes999. If you ring up Winterfloods, the principal market maker, and ask, you will be told about an overhang, they are happy to sell within the spread at 0.18 to shift excess. You probably have their number, most serious investors/trader do, but in case you have mislaid it is 0203 100 0000
Dil
- 12 Jun 2008 12:55
- 75 of 210
but ask your mum if you can use the phone first
holmes9
- 12 Jun 2008 12:56
- 76 of 210
mm sounding a bit desperate.no overhang and no stock.get real.buy at mid price my back pass-ge.dyor 150k on offer at full ask and a tick-up.dyor
holmes9
- 12 Jun 2008 12:57
- 77 of 210
starting too bit a bit worried about the 25th guys.are you trying too get stock from fox.no way.burn
holmes9
- 12 Jun 2008 12:58
- 78 of 210
the only flood you,ll be getting is in your pants.
holmes9
- 12 Jun 2008 13:00
- 79 of 210
13 days and counting