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'Post-RNS exclusive interview with Independent Oil & Gas (IOG)' Watch here

'Post-RNS exclusive interview with Independent Oil & Gas (IOG)'


New World Oil And Gas Share Chat (NEW)


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sheps85
Posts: 568
Off Topic
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corporate update
Tue 18:34
thanks kezzman for updating with info. at least we are still alive.
 
Shardster
Posts: 4,588
Premium Chat Member
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RE: rns Corporate update
Tue 14:29
nice to see an update......still unclear to how this will proceed, will our funds be locked for 1-2 years still?
Spelbound
Posts: 245
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RE: rns Corporate update
Tue 14:01
does this mean NEW will re-list?
Really weird, not looked at this BB since cease in Nov and looked today to see an RNS!
paulie3
Posts: 1,527
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rns Corporate update
Tue 13:44
A further update coming soon this is very good news well done Adam and his team
kezzman
Posts: 1,922
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View Thread (3)
rns Corporate update
Tue 12:55
http://www.londonstockexchange.com/exchange/news/market-news/market-news-detail/other/13299041.html

Further to the announcement of 16 February 2017, as previously noted, the cancellation of the admission of the Company's AIM securities has had a direct impact on the Company's status as an unregulated exchange-traded fund in Jersey. The Directors have been working with Jersey counsel, the Company's Jersey administrator and the Jersey Financial Services Commission (the "Commission") to formulate the best way forward for the Company in these circumstances.

This dialogue has been extremely constructive and the basis of a way forward for the Company has now been agreed. The Commission has today published a statement on its website detailing its findings and conclusions. These principally relate to certain operational aspects of the Company since it was admitted to AIM in April 2011 and as a consequence of its shares being cancelled from listing in November 2016. The Commission also requires the Company to hold an EGM at which a resolution will be proposed for shareholders to decide whether the Company should cease to be an unregulated fund. If passed this will enable the Company to carry on with its current business, being that of a company holding one principal asset, namely its investment in Big Sofa Technologies Group plc ("Big Sofa"). The Company is also considering whether, going forward, it would be more appropriate to be located within an alternative jurisdiction to that of Jersey. The necessary proposals may, if ready in time, also be considered at the EGM.

Since the date of the last announcement, Big Sofa has continued to develop its business, winning a number of significant new clients and implementing its business plan. This is having a positive impact on the value of the convertible loan that the Company holds in Big Sofa. A further update regarding the matters referred to above will be provided in due course.
MRPlumper
Posts: 1,737
Premium Chat Member
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RE: site for info
12 Jul '17
I think it depends on whether they convert all of the loan to shares
We will see where his priorities are
Shardster
Posts: 4,588
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RE: site for info
12 Jul '17
I honestly think we will get something back eventually but it could be a while
MRPlumper
Posts: 1,737
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RE: site for info
12 Jul '17
We've had word's before
Shardster
Posts: 4,588
Premium Chat Member
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Opinion:No Opinion
Price:0.00
RE: site for info
12 Jul '17
good idea, don't be too confrontational as they are mates but at least your being proactive.....if you need any help let me know
MRPlumper
Posts: 1,737
Premium Chat Member
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Opinion:No Opinion
Price:0.00
RE: site for info
12 Jul '17
Especially as he pushing bst at the moment




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