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Err isnt that its going to remian at this price until the rto is rejected for some reason....becomes back on again but maybe instantly shelved or you get 6 million quid to start again
From RNS 9798U 29 November 2023 :
In accordance with rule 14 of the AIM Rules, the Company's Ordinary Shares will be suspended from trading on AIM with effect from 7:30 a.m. today. The Company's Ordinary Shares will remain suspended until such time as either an admission document is published, or an announcement is released confirming that the Proposed Acquisition is not proceeding.
The Company will release further announcements as and when appropriate.
RTO deadline date is therefore May 29th 2024, I believe.
Thank you. Reading the RNS 18 Aug-23 I agree with your conclusion.
Morning FB/Poppyseed, that would be reassuring. I emailed the BoD and Nomad for confirmation last week, but I am still waiting on a response. I have been back on forth on this date (sale or suspension as the starting point). However, my reading/interpretation of the 18th August RNS implied the clock had started then:
'Following Completion of the Disposal, the Company has ceased to own, control, or conduct all or substantially all its previous trading business, activities or assets and has today become an AIM Rule 15 cash shell. As such, the Company will be required to make an acquisition or acquisitions which constitute a reverse takeover under AIM Rule 14 (including seeking a re-admission as an investing company (as defined under the AIM Rules)) on or before the date falling six months from Completion and be re-admitted to trading on AIM as an investing company under the AIM Rules for Companies (the "AIM Rules") (which requires the raising of at least £6 million), failing which the Company's ordinary shares would then be suspended from trading on AIM pursuant to AIM Rule 40.'
Has the 29th May been confirmed to you?
Indeed FB, so despite all the garbage on here, we're not talking panic, we're talking 29th May which, strangely enough, fits in very nicely with the 15 Apr 2024 long stop date published when the Rome RTO prospect was first announced and clearly allows enough time for all necessary actions to be completed before then producing an Admission Document:
"...The Company and Rome Resources have also entered into a binding exclusivity agreement pursuant to which Rome Resources has granted the Company a period of exclusivity until 15 April 2024 to consummate the Proposed Acquisition ("Long Stop Date")... "
Lol think the boarrdies or financail experts havnt done much RTO takes ages be locked out for 9-12-15mnths
think it just had to have an RTO...now the problem will be regulatory with AIM...there kinda tricky to saya the least and has to be done correctly
Done some digging and now believe we should be looking at a date 6 months from suspension not 6 months from sale before AIM becomes an issue.
So if that is the case why do a RTO? if you dont have the time to do it? seems silly you wont be able to report anything or less during a RTO period?
And looks like hes spent exactly 90k worth off shares in the new co...??? wow keen
so a shelved company is worth 750k+ ?????now mcap 3million or 0.07p per share ....wow..wow...wow
And looks like hes spent exactly 90k worth off shares in the new co...??? wow keen
So has mr jennings bought a load off shares in a shelved company?
And to top that all up what they seem to be going on about is the 6mnths from 18th aug which is a week on monday
so on a week monday does it get shelved? and the share disapears and no RNS are required?
and one month from that the celtic vs bhoys club goes on trial!!!...sry you were going on about newco's
So 84-85 days since the end 3 monther now thats if they put it in at the very last moment and not before during the 3 months
so aug 18th clock starts have to do it then so has to go in by nov 18th??? but did they extend this?
because iff this we actually dont know how long this will actually take
think ill take a holiday somewhere northern till this mess is sorted out
And this is the Luangwa offices?
https://www.youtube.com/watch?v=LjXDNrsTG_Y
Lol phone number Switchboard: +44 (0)203 7516255
Why does 0203 keep calling me?
Many 0203 numbers are affiliated with computer virus scams where desktop owners are charged to remove fraudulent malware after taking a “courtesy Microsoft call”. Some people also realise many virtual businesses use 0203 numbers to give off the appearance of being based in London.26 Sept 2019
Humm...doubt ill get a reply tommorrow.....thought they were american to get the delaware thing?
Glorified web cafe for businesses
or is it a bar? well not in a legal sense anyway...lol
https://www.google.com/maps/@51.5138854,-0.0864102,3a,75y,168.77h,90t/data=!3m6!1e1!3m4!1sWmYZDDt2z_Q0fUBmBHn1fA!2e0!7i16384!8i8192?entry=ttu
Righto gets worse these are there offices ...says it all really
https://www.offices.co.uk/building/no-1-royal-exchange/
https://www.acumenadvisorygroup.com/contact
Hummm acumen advisory even there chat window bot thing has nooone actually on it ....humm sunday ill check that work time on monday
I guess we are close to it but it won’t be done in time for the AIM rules
The usual leave it to the last minute or go beyond scenario but, would AIM consider/permit such an extension request? Surely they would have to receive a very good argument for either and the board would have to explain via an RNS to us poor sufferers as to what the hell is going on. GLA
Nope, extension request with AIM incoming
….. we’ll know if PFP/Rome/New Co. has a future.
Just as the RNS indicates, he told me he took part in the raise. Make of that what you will but it's hard to see it as anything but a positive indicator on his outlook here.
Has anyone managed to decipher the RNS 02/01/24 regarding Mr Jennings et al holding ? RNS came when the share was suspended. Perhaps I'm not reading it properly but has his holding increased from 9.6% of 632,494,834 = circa 60.7m to 8.57% of 1,057,494,834 = circa 90.6m ? This being the case and his past history of being active in pushing CEOs out the door perhaps he has some confidence in the future of PFP/Rome/NewCo.. As alway very happy to be educated.