Al little mention in today Times paper with a hint that the current price seems to be a wee cheap.....but is it???... this company gone into hibernation and lost all their past prospects,will it stage a come back??? I still got few in the bottom drawer and little hopes.....GLA.
I thought originally SEV was aiming to list on Nasdaq! OTCBB does not trade listed shares. As the name indicates it's an OTC bulletin board which 'does not trade in listed securities'. So either this is a first step on the way to a proper market listing or SEV has seriously pulled in its ambitions to list. I'm not sure therefore whether Tanfield will be able to use an OTCBB price to fully value its holding in SEV. They could trade out of them if there's enough liquidity on the OTCBB but that's the problem, there usually isn't. Still, on the positive side, at least we will get some sense of public value out of this manouvre and TAN could use that as a reference point for a private block sale.
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