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Could well have a 100-200% rally seen it all before
Is this done and dusted or good buy
That would not surprise me at all given that it's been in the wilderness for so long, this was one of the shares I had high hopes on, but new before sanctions were lifted it would be in private hands or just about, they have been careful not to buy out this company for good reasons, they couldn't afford it? By doing what they are doing, they are set to take all and give nothing in return shame on them, there were some heavy losses here at the down turn, well this IS AIM and he who dares, wins ! But for god sake do your research first or pay the bill.
Fishing because no one is selling?
Be careful
Life in the old dog yet, someone is happy to buy...
thought this would gradually drop, looks like people still make some money from this...
Can see this delisting below a penny, get out while you still can.
its looking that way now.
Looks like the dead cat bounce is coming......
this rising at today, short term?
Try london stock exchange (there maybe a 15 min delay)
quick off topic question......where can i get lse risers/fallers instantly on open. LSE is about an hour behind?
Will see how it looks at open mate, if its dropped a fair amount il jump in and will sell quickly (happy with 6/7% profit after bid spread)
...got a buy in the sell out price in mind today?
Yep, crappy position for any company and PI to be in, will be keeping an eye on this, the big swings may be an opportunity to make some profit (albeit high risk)
Here's a better link which aligns what GPX BoD are saying. www.sharesmagazine.co.uk/article/owning-shares-in-a-delisted-company The summary paragraph is important. "Difficult situation Overall, it seems like the odds are stacked against retail investors when companies delist even if there is value left within the business. Share prices tend to plummet at the point when a company announces its intention to delist. Investors all rush for the exit to claw back any money before liquidity disappears. Deciding to sell shares in these circumstances is a tough one to make but might ultimately be the difference between salvaging some value from an investment that has not worked out and receiving nothing at all."
Bertie, there is potential to rise and potential to crash. Delisting is not a position anyone want to be in. What Happens to Delisted Stocks? If one of your stocks is delisted, the company basically has two options. It can choose to trade on the Over-the-Counter Bulletin Board (OTCBB) or the pink sheets system. Usually, if the company is current with the release of its financial statements, it will trade on the OTCBB, as it is more regulated than the pink sheets (although both are much less regulated than the major exchanges). If the company is unable to trade on the OTCBB, it will likely end up trading on the pink sheets � the least regulated market for a publicly-traded equity. If your stock gets delisted, it will usually trade on the "over-the-counter" market, which doesn't provide easy access to buyers. It could become difficult, if not impossible, to sell your stock.
Presumably if you’re happy to wait you’ll see a return though? I.e. You still own your shares after delisting and will receive the benefit those shares entitle you to? With that in mind, there is the potential for this to rise pre delisting as the institutions will be happy to average down heavily until delisting?
Yes, it's worth hundreds of millions. For them to throw in a few mill on life support is peanuts for the return within time. They simply don't want pi's involved. The raging war has gave them the very opportunity they hoped for since ousting the previous management. I've watched this share for a long time ready to invest but the opportunity for us has been taken away.
They must have a good reason for keeping it on life support?
The question you have to ask yourself is do you want to go through the delisting process. A share being delisted is basically similar to bankruptcy as gpx is technically insolvent, being kept on life support by Waterfords and Richard Griffiths. I put a link on here yesterday how it works.
There doesn't seem to be many shares available, it'll be interesting to see how this plays out...
It's very difficult to call this one now the delisting has been announced which will happen early next month. This could end up being traded by pink papers, if it does continue trading on another platform. If you're trading meantime, it's a massive risk in many ways.
Short term predictions? Will this get back To 1 or rise to 3? I sold out yday but itching to get back in to make a quick profit, dont want to but at 2 plus for it to drop to 1 and stay there