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Hi Zappers, not sure why they haven't put it up on the new site ? Unless I missed it.
not sure but CAR and CRA are already assigned to other companies
Hi Guys, looks like we will all be chatting on the board again. Gonna be strange at opening but it feels like a whole new journey ! Firthy, what's the ticker ? CAR.L ?
Good point re mms Don�t think many will sell ... some will of course but there is every chance now that this will be snapped up by New investors ... a bit of posative PR and we will all be doing very nicely indeed
The stock they hold will have been consolidated as well. I wonder how many existing holders will out first thing tomorrow to get their cash back.
In 4 mins ( of trading time) we will be back trading And I can�t wait as I know people are wanting to buy in on introduction. So whatever your strategy .... all the best :)
Do they still hold old stock at pre-consolidation price(s)?? Be interesting to see their reaction 2moro.
what platform are you guys using to get involved in this? iWeb seems to be offering days after it becomes available?
Vadri : - Thank you.
This is from the document and relates to the placing offer for existing shareholders Offer to Shareholders As previously announced, in recognition of Shareholders� continued loyalty and valuable support, the Board intends to offer those Shareholders (save for restricted overseas Shareholders) who held shares as at the date of the Company�s suspension from trading on AIM in December 2016 and who continue to hold their Ordinary Shares, the opportunity to participate in an equity fundraising, at 10 pence per share, the same price as the Placing. Any such fundraising would be capped at a maximum of �500,000. The Board currently expects to make such an offer in Q1 2018 and further details will be announced, following Admission, as and when appropriate.
You know we�ve waited waited and waited and been messed around and abused but ........ I am very confident of seeing a good return here ..... Very strong buy recommendation from me
Existing ALO holders will NOT be issued with new stock/certificates in CRA.L. The old ones are still valid. And can be traded from 8am tomorrow when the markets open. The new certificates relate only to being issued to new stock being created as part of the corporate restructuring deal with ALO becoming Craddle Arc. Would have been different if ALO went into liquidation or similar. But that didn't happen. Mind you, with this shower anything is possible.
I�m with interactive investors my shares are now showing with Cradle Arc as the name. Done automatically
You�ll find most of what you need here http://cradlearc.com/wp-content/uploads/2018/01/247433-Cradle-Arc-WEB.pdf
As I remember it has been stated somewhere(?) that existing ordinary shareholders (you, me and the like) will be offered the option to purchase shares at the cost of 10p per share. Approximately 5,000,000 shares in total will be offered this way. Each individual shareholder will only be able purchase a limited number of these discounted shares, depending on the number of shares they held prior to 24.1.2018. Obviously shareholders may purchase as many shares as are available if they wish to pay an opening price which exceeds 10p. Of course if the market opens with a share price of less than 10p , then the offer described above is irrelevant and one may simply purchase as many shares as one wishes and that are available. I understand that this offer is by way of reward to longstanding shareholders. My observations above are my take on the information available and my ability to understand the technicalities involved. I am no expert, in fact more of a novice trying to get my head around the subject.. I have brought this subject to the fore as I have seen little mention of it, some longer holding shareholders could do with a bonus, and I still do not have the situation clear in my head.
Hi Solg The ticker probably won�t show till it begins trading on Wednesday but it�s the correct ticker as per the documentation from the company . Hope that helps
So I read the company needs to raise �2.4m to relist.. Why is everyone saying shareholders can only apply for �500k? Anyone got any proof of this? GLA!
Mcfirth I cannot find it I've tried to add it to my watching it won't Do it
holding in my account still says Alecto Minerals too. I hope it changes to Cradle on Wednesday.
Hi all. First post on this board. I have a paper ALO certificate sent to me after de-listing. I have just spoken to the Registrars for Cradle Arc. After putting me on hold for a few minutes, they advised that no replacement paper certificates will be issued and any paper Alecto certificates will remain valid.
I read somewhere that existing holders would be offered the option to buy extra shares at the placing price of 10p. The maximum number of shares in this offer being limited to 25% of the number of shares held by existing holders prior to placement. Is this information correct? If so at what stage of the proceedings would such an offer be made? Obviously such an offer would only be be taken up if the share price exceeded 10p, for how long might such an offer be on the table?
New Ticker for those of you that have missed is CRA.L
thanks, given that they have already sold this, it would have generated approx. $15 million. i wonder how much profit this generated?
I seem to remember they were looking for 12000 pa - so on that basis it looks well on target.
Cradle Arc web site up.