VE Day - July 15th , 2014
The plot thickens .
As of today 10th May 2014 , what do we anticipate ?
Current estimation of cash in hand is £8.5 million . Yet , the market has priced us at only £5 million .
Of course , cash is discounted in any company . But , this percentage discount is way too high .
The future ?
Firstly the matter of the claim against former " Advisors" . One should anticipate at least another £3 million in the kitty . where two people have trod , a third is bound to follow. This takes us to NAV of 40p . Double today`s price and no effort , marvellous.
New Investor alert , Richard joins Ronan and the team . Now we have two of Ireland`s premium stockbroker`s aboard . What will they decide to do with this oncoming cash shell ? Watch this space and more importantly , watch out for the next RNS .
Our legal team , whom have all performed so well . Notably , Barnaby C Stueck & Leona Powell et al . Keep up the good work.
Final mention to our Board Tim , Brendan and Philip . All of whom have played their part .
Pershing International Nominees 56.52
Halb Nominees Limited 7.88
Chase Nominees 5.77
Idealing Nominees Limited 5.36
Sensan Investment Holdings No 1 Ltd 11.6
Worldwide Opportunity Fund (Cayman) Ltd 15.85
Richard Goodbody (St Stephen`s) 3.56
Ronan Reid 2.29
Shares will be hard to come by from now on in .
And of course from 2014 accounts ;
The Company is currently in a strong cash position with cash, including restricted cash held with the Isle of Man Court pursuant to an Order for security for costs or with legal advisors, of approximately €8.8m as of today's date.