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Nothing gold though. Pmsl.
Unless the new company is simply a smokescreen for the BOD to spend the millions of quid raised when Birdy and Slowey departed, and there's no real rush or perhaps even intention of this ever coming out of suspension. Lol. Allegedly, of course. Verily I jest. :-/
multi wear.lol.
Aye, pants of middle-aged ladies no less. Lol.
Dawn, I think that was just a rumour floating around. Either way, it's the suspension being lifted that is what we want, will be very frustrating to just get news and no lift. Need to get this trading again.
They did say we would hear by the end of the second week in September .. so here's hoping!!
Wasn't sure if it's because I was impatient but glad to see i'm not the only one getting bored waiting for this. Only plus side is if it wasn't going through, there would not have been the additional tranches drawn down and I would have thought they would have released an RNS by now to say it wasn't and they were moving on to another acquisition IMO.
pants.lol.
Zzzzzzzzz. Good luck to all.
Well I hope that your RTO works out better than new world oil's did with big Sofa Renolds put new world's money in up front And we all know the rest of the story
09 Aug 2017 @ 15:11 "Orogen - another £250k loaned - expect RT) before mid Sept. OROGEN (LSE: ORE) has announced that it has lent another £250,000 to online e-tailer Thread 35 Ltd, trading as Sosandar. Time to panic? No. As loyal shareholders at FIML we certainly are not doing so. The summer months have dragged on and so the RTO will not complete by mid August as we had hoped. We are now told mid September at the latest. The £5 million fundraise was massively oversubscribed ( four times) and we now expect the RTO to complete in the first or second week of September. With this loan out the enlarged entity will have £7.25 million ( minus RTO costs) in the kitty. that is more than enough to see Sosandar well through to profitability. This latest loan is as with two prior loans of the same amount designed to allow Thread to take on ever larger lines of stock. It is a reflection of the fact that the company is enjoying record trading. It is a good thing. Given the demand for shares in the RTO placing we expect the shares to fly from 1.7p next month so there is no need to panic at all. Hold on tight!
Not 100% smidsy although as I understand the situation, it is just a case of continuing to wait. It is encouraging to see another additional facility in place, as I said before, to me at least it shows the agreement must have some legs to firstly double the initial amount and now add to that again. Hopefully we can see the suspension lifted at some point in the near future and with this positive news, see the sp on the rise.
What happens now?
They will not be able to give any timeline, RTO's can be a long, drawn out process and varies. It is a case of waiting until due RNS is released and is a case of patience.
do we have any idea on when the suspension will be lifted? I did email them a month ago and go a very bland and non committal reply back with no information what so ever.
do we have any idea on when the suspension will be lifted? I did email them a month ago and go a very bland and non committal reply back with no information what so ever.
Thanks.
Nothing further than what was on the agenda. Still a waiting game, wait for the RTO to hopefully go through and wait for the suspension to lift.
Anyone go? Any feedback?
AGM tomorrow, hopefully some positive news to come from it
Hi. craig, interesting post and a nice bit of research. Something to look forward to.
This will fly on relisting. Noticed on Companies House that Orogen Limited changed it's name to BCOMP 488 Limited in April, and then BCOMP 488 Limited changes it's name to Sosandar Limited on 6 July 2017. Coincidence, nope, this is part of the process ahead of relisting. I'm watching to see when Sosandar plc is formed, or a name similar, as that will trigger the prospectus. What's also interesting is that Reynolds vehicles Concepta and React followed a similar name change trajectory. Work being carried out behind the scenes. end of August, early September will work well.
Can't wait to see what will happen once the suspension lifts, double the loan size issued than was quoted in the original proposal shows some legs in the agreement, hopefully the suspension comes to an end shortly! GLA to anyone still in!
Im 99.89 % down on the absolute dog. Hope the company fold and they all loose their jobs. Done jack shit for this company for 5 years and from milk a wage. Useless directors. Should be ashamed.
Another drop coming