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Spikey, i was responding to your post. I dont agree with speculation when a stock is not trading due to suspension. Speculation is welcome where it may help other traders who are looking to trade a stock... This scenario cannot exist here until DAN comes out of suspension at which point news will be out therefore nullifying all your speculation / comments / time wasting.
i tend to agree with you that it is more likely that the company already knows the amount it is trying to raise, as distinct from the other scenario which would be continuing disputes about the overall accounts. but since you seem to object so much to 'speculation' in posts, let's note that it is also just speculation on your part to believe that the accounts are 'settled' with the amounts known.. you might be right, but the company has not actually announced that yet. (i'm not sure why you object so much to speculation on a bulletin board, or the idea of trying to analyse what the wording of RNS actually means -- i think that's partly what the bbs are for.) but let's assume for the moment that the overall nature of the FY2015 are broadly agree between auditors and company, with a known shortfall that needs to be plugged. seems a likely scenario. they have talked about needing to 'conclude' or 'finalise' a placing. i very much doubt that this relates just to the remaining £2000 re convertible bonds, since that was announced under the heading of a convertible bond issue, and those CBs are technically not a placing (- although they are in eventual effect). so they may well know how much more money they need, but still seem to be having difficulty persuading enough people to stump up at similar pricing to that paid by those two recently set-up singaporean shell companies. me, i think it is likely that they will eventually manage to finalise the placing, rather than delist, but that's just speculation on my part. : )
fair enough catch, if you really think that the hold-up is because they still need two thousand pounds more from those two investors, then of course i am happy to accept you might be right. we will find out in due course.
"not holding my breath though" Shame that.
I think it is very likely and if you are dissecting each rns looking for words that fit your presumptions then you are incredibly stupid to have missed the word FINALISATION. We are not looking for more funds. The accountant have completed their accounts and presented a deficit which will be filled by the funds raised ... Thus is not a recursive process and the amount require is fixed. "The Company continues to work on the finalisation of a placing to provide additional working capital for the Company" Please stop talking nonsense and wait for real news. We can't do anything until suspension is lifted in any case - as I have stated previously. You continue to ignore this and post insanely speculative comments. And I know you are going to say that this is a free board and you can post what you like and that I can block you if I wish blah blah blah.
that seems unlikely to me, but i am not inside to anything about DAN, so i don't know. atb.
Spikeyj there are small amounts due from two investors (£1000 each). Would this suffice for the holdup?
but seriously though, mr clockwork, "the Company continues to work on the funding package to allow it to publish its FY 2015 Accounts and resume trading on AIM" [note the use of the word, "allow"] "The Company continues to work on the finalisation of a placing to provide additional working capital for the Company" the implication, particularly from the first part, is they haven't yet secured sufficient finance to be able to release the accounts on a going concern basis. **if they had, then why on earth not release the increasingly overdue accounts?** if they thought they still needed to remain suspended for some other reason ( - such as an impressively large pending deal, rto, etc, where there was concern about the possibility of a disorderly or false market from information leaking - ) then they could still release the historic accounts but ask for trading in the share to remain suspended. the fact that they haven't done that suggests either that there are problems with the accounts (inconsistencies or gaps) which still can't be reconciled to the auditors' satisfaction, which would be a major concern after having had this long to sort out any 'glitches', or else that they still don't actually have viable regulatory reserves &/or cash balance for the auditors to sign off as going concern. overall, i think i preferred it when you said that you weren't going to bother responding to my posts. however, since you seem to have changed your mind about that, it would be nice to hear what you do think the company has in store, and why you think that prevents them publishing the historic accounts? not holding my breath though.
nah, macbook air user mainly
Spikey are you still rocking along with a Nokia 3210 telecommunications device fella? If you havent already done so and fancy upgrading some time soon to a new smart phone I found a tip that may be of use. If you rotate your phone 90 degree's you will find the screen layout will change to landscape. This should enable you to string a few more words together on each line of text. That way you won't have to worry about them falling of the end of the screen.
sure, you may be right, perhaps they are trying to create a pan-European empire that will last for hundreds of years. i can see that would take time. c ya later, no doubt.
"(alternatively, if you want to be serious, perhaps offer your own view on what you think a reasonable time scale should be for a company of this size to sort out their 6 monthly accounts, & to organise a medium size placing? but i very much doubt you will do that.)" Its very small minded to limit yourself to the thinking that they have suspended trading only to finalise the two points you have mentioned.
amusement at your response. it was quite funny to hear DAN likened to the roman empire. perhaps allow a little humour into your life? it's only money, after all. (alternatively, if you want to be serious, perhaps offer your own view on what you think a reasonable time scale should be for a company of this size to sort out their 6 monthly accounts, & to organise a medium size placing? but i very much doubt you will do that.)
Quelle surprise a remarkably childish and facetious retort from the prime agitator on this board. Any particular reason you feel the need?
"Rome wasnt built in a day, nor did they know EXACTLY how long it would take." rome, eh? - are the new DAN offices really that big? i'm impressed.
know exactly whats going on behind the scenes to know that it shouldnt take this long. Oh wait, no you dont have that information do you so saying that being suspended for 2 months is "shambolic" is a little disingenious isnt it. Rome wasnt built in a day, nor did they know EXACTLY how long it would take.