really dont understand why admin needed to remove board....adfvn, iii etc all keep boards running for de-listed companies...(alot on Ivers here also post on adfvn so in the interim that might be the place to be)
ps note to admin - you could have saved some work when Irvine re-lists and frustration of posters trying to find info ets
posters will need to watch Irvine website for any development - imagine you can set up an e-mail alert from Irvine for these purposes...
Seeing IVE off the main board has now worried me a bit about my existing shares. Is there any danger that they will disappear from my trading account and if they do, how can I prove I had those shares if it relists? Should I really be asking for certicates (I would rather not if I don't have to)?
I signed up for the IVE updates - I hope they have got their act together there if others have signed up before and never received anything. And I guess delisting isn't quite as bad as going bust!
I hope it doesn't drag on too long - never thought it would go on and on for as long as it has and now there isn't even a final deadline to hang our hopes on! Oh well, I'll go off and obsess about something else instead for now!
Just been on iii - someone has just posted a report on the AGM. Here are the meatier details:
The intention is to complete a deal whereby we take a 33% interest in an on-shore US asset that produces 1500 barrels oil per day. It was hoped to have completed the deal by today. Substantial agreement has already been reached; it could be signed off within a week or so. Two banks (household names in USA) are negotiating with the company to provide the cash for the deal. The Vendor is a large private company that will continue to operate the field. Further development to increase production of this field is anticipated. There may be further transactions with this company associated with existing IVE assets.
My worries about dilution of existing shareholding are partly satisfied. Anthony Samaha stated that here has been an increase in the number of retail shareholders. There will soon be an up to date shareholding statement from the company. There will have to be a placing to partly match the bank finance but they are not expecting huge dilution.
We were assured by Ross Warner that Robert B will come to London and will be available to talk to shareholders after the deal is running and we are re listed. They are confidently talking about October as a target date for re listing. In answer to a question about the costs of re listing Ross estimated that the costs of a reverse take over would be very similar, Nomad, Accountancy etc.
Datafeed and UK data supplied by NETbuilder and Interactive Data.
While London South East do their best to maintain the high quality of the information displayed on this site,
we cannot be held responsible for any loss due to incorrect information found here. All information is provided free of charge, 'as-is', and you use it at your own risk!
The contents of all 'Chat' messages should not be construed as advice and represent the opinions of the authors, not those of London South East Limited, or its affiliates.
London South East does not authorise or approve this content, and reserves the right to remove items at its discretion.