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Nice buy above ask this morning for 1.8m @0.19p. Ask was 0.18p at the time.
Pip56, you are very intelligent person, you wouldn’t buy today’s lough with money. Now I believe your views on this company. I am already with 8.5 k lost here. Do you think at any point sp will spike or further down?
Abulut: you wrote "I believe share holders eventually will get 0.5 per share offer". Where is the evidence for your belief? The RNS & Circular state that if the vote to delist is accepted on 26 September the share value will no longer be publicly visible or traded openly from after business on 3 October. Read further and you will see that all FCRM share trading after that date will be through FCRM's nominated stockbroker on a matched basis. That stockbroker will only deal with another stockbroker - so if you want to sell your shares openly at the value you see, then now is the time to do it .... unless you have a stockbroker and you are willing to go through the matching process of course.
Also, unless you can show evidence otherwise, there is no offer to buy your shares for 0.5p or any other price before, during or after the delisting process. The share is currently £0.0015 and still heading south toward the issue value of £0.0010 (one tenth of a penny).... why do you believe someone will give you 0.5p for them? Best laugh I have had all day!
I agree that it's a tough situation to judge. Personally, I don't think it'll be as easy as they want it to be. Still 2 weeks until the result so anything can happen between now and then.
Real spread paper thin now with 0.151p to sell and 0.159p to buy.
GLA DYOR
İn this case all share holders should participate for voting. If %20 of not participate, delisting go forward. Main 2 share holders with this sp wouldn’t convert their finance into shares. Difficult situation to judge. I believe share holders eventually will get 0.5 per share offer.
I voted against the delisting. Not sure why any shareholder would vote for it. They have 57% and they need 75% to get their way. If they haven't converted loan notes by the voting deadline then their votes on those shares won't count, I would guess.
It seems no opinion, will be in favour for delisting. HL. Voting tomorrow till 11.30 am is deadlines for voting. Good luck all.
Hi. All, what ours vote should be as deadline approaching?
Okay Kabaa, thanks for your reply. Good luck with achieving your 0.10p. I still think there could be a bump in the road that makes things a little more difficult for H&B. I'm sure they'll get their delisting eventually though. If they do win the vote, then I think they will convert on the last day of trading, which is exactly a week after the vote. The vwap will be rock bottom then and as you said, they'll be able to convert a lot more.
I only have a small position here so it's just a punt for me. Any hint of buying or an offer from another company could change things. It was NT to buy any large amount on Friday, and yet I could sell my entire holding for 0.2p, which is 20% above the advertised bid. Any buys were close to the full ask. Massive spread there deliberately to deter buying. Why would they do that? Still 3+ weeks until the AGM, so all to play for. £20m in net assets and an mcap of less than £1m. I'm hoping someone will come along and spoil the fun for H&B.
Possibly because they believe the share price will go lower plus they are getting 20% interest and will be able to convert twice as many plus interest if it goes to 0.1p. Yes and I doubt others will want to get involved in the same amount of shares in an open offer if they did! But anyone that did would add more to that dilution.
So why haven't they converted yet? And what about the open offer that they have to give to shareholders at the same price as the conversion?
There is an £11m convertible loan note that can be converted at the vwap. At this price and market cap, that would equal approximately 1375% dilution.
The interest rate on the loan is 20% and the company has been losing money for years to the point they are delisting the stock in less than a month.
There is a 0% chance this will move like itsarm. There is no comparison.
Infact investors will be lucky to ever see their money again after October.
That would be a very interesting journey if FCRM can overtake ITS in terms of action and excitement.
Just to add that I was invested in ITS for a few months before the massive 2600% rise, and lots of weird stuff went on there too. I thought that was the most bizarre share but I think FCRM could take its title!
Another odd day here at FCRM! Firstly, only 27 trades but top of the page it's reporting 51. I checked the LSEG website and it's 51 on there too, so not sure why they're not all showing up here. Never seen that before. All the trades between 2pm and 4pm missing.
Secondly, the advertised bid dropped down to 0.15p in the last few minutes of trading, and an order at full ask was filled just before close. All buys today were filled at full ask. I'm still optimistic we'll see a good spike between now and the AGM. Three and a half weeks left for that with the last day of trading if delisted, on the 3rd October.
GLA DYOR
This is being pumped by Laura2022 aka Ria20. Stay away, or you will be left holding the bag!
Good morning
Whatever the situation you can always get a very strong bid price every day ,often above the mid price and closer to the buy price
Hopefully we'll get an RNS soon, possibly a TR1. Any hint of anyone accumulating stock and this will rise quickly.
Kwota
These small trades are apparently algorithm trades used to manipulate the Mrket
You cam sell 2mln for 0.247p so it certainly fits your view of buyers
Lots of small sells going through with the bid slowly rising. Maybe a big buy being worked in the background. Will see after hours.
Paying
I posted that I tried to buy 2 weeks ago and that was it
Please focus on your own investments
I have filtered
L
Laura2022, how many stocks you P&D and the newbies left holding the baby?
Look how you and Ria20 pumped #PTRO, and today it's down 70%. The company is now proposing to cancel the share.
You have no morals whatsoever. You are just a pure evil money-grabber. You pump and suck all the money from newbies, and then you walk away!
Morning Bond
I have a feeling there could be a big move over next few weeks
Morning Laura. Yes, looks like someone's buying up shares. Hopefully we've bottomed.