The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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Gutteridge escaped on time !
One tear... no more
40p to .1p in three years..
they should be forced to pay a fair price to every PI.
the bloody liberty they've taken of people hard earned cash
I don't think there were many institutional investors left in FCRM. The 95.6% would be a % of those who voted and I suspect a lot of shareholders didn't bother, so the 57% owned by H & B could easily have accounted for most of the 95.6%
Pip56 : You or anybody else are entitled to check my postings . not a lot to gain there . However why not get out more and enjoy the good weather while you can .
Only place to follow them in this case company house.
Alibulut: 95.6% voted to delist. Of those 57% will have been Harwood & Bayford who are majority shareholders. So really 38% of independent shareholders agreed to delist. The majority of those will have been institutional investors looking at the very long term and likely fully informed by the BoD on what is going to happen next. As a private investor you have not been informed and your 'rights' are about to be massively reduced. The lack of share liquidity and the fact you are a minnow in context of the bigger picture means you are unlikely to see your money returned and you will have no say or visibility over events in the future. You are holding a bit of paper and staring into a black hole. That is not efficient investing in my mind but I wish you the best of luck.
Pip56, in this case %93.6 share holders voted to delist to loose their investments or they will be revarded in the future. Still every shareholders has rights on company.
Boracic: I looked back and saw you first jumped on FCRM in May 21 (or thereabouts) when the SP was up at 33p. It's been a steady decline since then. I posted in November last year that the most likely outcome for this business was either bankruptcy or being taken private and I think it was a close run race. If the vote to delist had not gone through last week then I am confident it would have been taken into voluntary administration.
It's been fascinating to watch the process that Harwood and Bayford have followed - steady and methodical. The writing was on the wall when the dividend was stopped and the two protagonists failed in their attempt to buy it out. From that point the business was run into the ground and loaded with debt. The musical chairs on the BoD told its own story and Babbington's most recent comments on the Annual Report were quite frankly laughable to point of being almost fraudulent - how she got away with that I have no idea. She clearly decided that her duty to shareholders was of no consequence.
All those folk predicting a buyout, a steady rise in the share price after the decision to delist or an offer to buy their shares on delisting have simply failed to conduct proper research and due diligence. Comparing FCRM to another company similarly fails to understand the numbers. It was fun watching their flapping about though... like fish stranded on the beach when the tide is going out.
Well and truly shafted , hope these shady characters get theirs .
Some of them busy by selling 9 and 24 p worth of shares.
It's oh so quiet...
Where is everybody?
Only 50k available ffs
CANT buy
2 main share holders grabbing company for peanuts money.
93.6 per cent...
Still cant get my head around this.
crikey
Remember to vote for Oct 9
over and out
Small or big share holders own the company. Why sp did not go down after delisting votes. %93.6 share holders voted in favour to delist, are they all excepted lost or gain. Only problem you donβt trade on LSE, but shares still has future value and holders rights on company.
Alibulut: Ha Ha.... Why would the Sp rise? Presumably you interpret the decision to delist as an opportunity for demand for FCRM shares to go up? Why should demand go up when the shares are 1 week from being delisted and taken off the table? I look forward to being enlightened.
Same usual things. From now on we should see SP rise.
So what happens now?
Happy to hold or add if price significantly weakens from here. Just received my voting form for the 2nd meeting - will vote against that too FWIW.
News is out.....delist on 3rd October...
Last top up Β£2360 , 3 transactions
Me too
AGM at 11:30am, will be keeping an eye out for the RNS π
Hope share holders will be revarded.