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@luckbreak37 We have already found those we need to buy to get back to 9.9% thanks, just a matter of timing and paperwork now
I also understand (again, not fact) that Rob Terry is still holding all of his DAN shares and would like to increase further (but cannot do so at present due to the FCA restrictions).
There is some negativity on here which is understandable. However, having contacted DAN recently, I can confirm that DAN have not disappeared. Rather, I understand that: That business is improving with a growing pipeline of work That they are currently considering a number of different options including both a listing on a stock exchange or on a matched bargain service and will update in due course once a decision has been reached. It would also appear that various shorters, desperate to close out short positions, are spreading negative rumours (in the same way as they spread rumours about Quindell going to zero before it rocketed to 130p) and suggesting ridiculously low prices in order to scare private investors. I would strongly suggest ignoring such parties. If you look at GATE Ventures, which appeared to be a fraudulent company, then it can be seen that the share price rose very significantly after delisting. The reason for this was that shorters needed to close out and had to pay whatever price was demanded by buyers. May I ask why shorters might be trying to scare private investors before the shares are relisted and trying to do off-market deals? The only logical reason is that they want to close out before the market re-opens because they are scared of having to pay much more. When the market re-opens, if holders hold then the shorters will burn. I understand (I cannot present this as fact, as I do not work at the company) that business is improving with new clients being taken on and the RNS of January supports this, as do Rob Terry's various remarks (I very much doubt that if he is being investigated by the SFO that he would be stating outright lies, and pumping millions of his own money in to buy more shares off market before the shares list again). In time, one would think that the share price should rise as business improves. So, we have a situation as follows: Shorters desperate to close their positions off-market before trading resumes Rob Terry increasing his position to the maximum possible off-market before trading resumes A third party buying significant numbers of shares off market from Rob Terry at 3.35p A positive forward-looking trading announcement about improving pipelines of work from the company Very supportive shareholders putting in more money What would this suggest? I do not present this as fact but looking at this it would appear that the company is poised for growth (quite possibly strong growth with additional work from major shareholders and new clients), with shorters desperate to get out and RT trying to buy as much as possible to profit from this growth.
Ps ... RT bought is confirmation bias not an objective analysis of the situation . My intention isn't to heap misery on those stuck in , so I won't post anymore comments.
He can't sell
Why will it work out ? On what factual basis ? Confirmation bias loses people their shirts. That's the tragedy of chasing penny dreams .
goodluckall 6th feb: "this is all part of a plan so just be patient" goodluckall 19th feb: "It is disrespectful, they should update us with something even if they just outline their intentions with some sort of time scale" ... patience wearing thin? he used to be so upbeat about this share.
i don't follow twitter. i was aware RT had communicated to say he had sold out of IMTK to 'friends and family' (lol), but i didn't hear anything to that effect about RT's holding in DAN. the last thing i saw was the 20th Jan about him increasing shares held in DAN. but like I say, i don't follow twitter, so i don't know if that's just more about me being a bit behind, or more about sambailey confusing DAN with IMTK.
No he sold out a week before he said on twitter he sold to family and friends. Some friend hey
delisted and as goodluckall said earlier nothing from them since I agree with him in there should be some law against this how can a compnay disrespect its shareholders in this way.
They haven't just disappeared. They've delisted and that's it . There's no need to produce rns etc as they are no longer under AIM governance.
looks like Terry got out at the right time he was probably well informed
Hi. Can anyone please guide me here. I had purchased Dan shares through HSBC. Got a letter from them last week that due to delisting I cannot retain them in my HSBC investment account, I would need to either transfer the shares to another broker or in my name. If I transfer the shares in my name HSBC will issue me a certificate accordingly. My question is that how will I trade them again once they are in my name, whenever Dan is re-listed, whether at AIM or any other market. Thanks.
If it delisted at ~ 1.6p then best case scenario it will trade off market at a significant discount. Most likely scenario it's all over. Sad but true.
easy, so just phone up DAN, tell them you want to sell DAN shares at 6p, and when they do one day have a matched trade system going, then they will make a note on a little yellow sticky pad that mr goodluckall has some to sell at 6p .... and then just need to sit back & wait, wait, wait, until someone comes along and tells DAN they would like to pay 6p for some shares. mind you, that might take a few months/years/etc. (there's always the chance that DAN might get a few people waiting to try to sell DAN shares for a little less.)
the best realistic hope in that time-scale for this company will be that dan sets up some kind of matched bargain system. (although might take them a lot longer.) so if goodluckall tells DAN that he wants to sell, they would wait until someone else tells them that they want to buy the same amount of shares. then they do the paperwork, & take a big cut for admin...
the oddly inconsistent think seems to be that goodluckall now is asking about selling shares, and indicating he needs the money back for a wedding, when it was only a few days ago that he was posting on this board apparently trying to get other posters to sell more shares to him, although admin subsequently deleted that thread since bb shouldn't be used as a trading exchange.
... but if she cuts up rough, you could remind her re: "for better for worse, for richer for poorer, in sickness and in health" .. bit in the middle relevant?
perhaps it's time to let the lucky lady know that the honeymoon money is tied up in a tiny, very high risk, speculative share that has been delisted after failing to produce accounts? if they really do love you, i'm sure that they will understand & wait.
perhaps go for a night in margate, rather than a month in the seychelles?
RNS one month ago: "However, should the shares of the Company become delisted from AiM the Board will examine alternative mechanism's to facilitate trading in the Company's shares , including a potential future relisting. Full details would be circulated as soon as possible." .... wonder how long it will take the BoD to do their examining?
yes, someone did try to sell to you, don't you remember?
I'd like to sell mine, any ideas how I can do this ?
1. RT, in terms of massaging paper profits on QPE accounts. 2. market-makers. (wooden-spoon ---> everyone else.)
some posters have suggested joining blueshare group, where there is apparently a larger pool of pis discussing DAN than here. so you may wish to try that? presumably it might also be worth contacting the company, asking about its proposals for keeping shareholders updated. it's hard to know what can sensibly be said about whether or not they will be relisted, as the company never really said very much about why exactly they delisted in the first place, & why they lost their nomad (again), which makes it hard to know, from the outside at least, what remedial steps they need to take. gl.