You won't be able to sell and when you do it will be 60% down maybe more, I'm not I will load up in a few weeks time, AB is as bad as the rest you watch, he is here to do a job and that's exactly what he will do, sooner we all believe this the better chance we have at playing them at there own games, Sorry to all the AB believers but he is here for a reason
You wont have a hope in he11 of selling at 1p+....so on resumption of trading this will be marked down prior to market open so at 8:00:01 you will be selling at whatever discount the market have priced in.
I wont be voting for any share reorg or consolidation...its a ball and chain for all long termers. I've more or less written this off anyway. They can go and whistle I say unless solid evidence of shareholder value can be proved in the short, medium and longer term. We have endured enough cr4p as it is over the years without enduring more of the same. Hard earned shareholder money spent on nigh on worthless assets and god knows what else we are not party to. Those who have put us in this predicament need to be accountable and pay up for their deception imho.
Just a way of getting around the nominal value of a share, BMR shares nominal value 1p, r&r means you cannot issue new shares under 1p, rights issue,placing etc When the division happens, the £0.009 share will classed as deferred, they lose most of normal the rights. You still have the £0.001 shares, they have the same rights as before, but now nominal value is 1/10th of previous nominal value. As long as no other shares have been issued, they still have the same percentage of total company issued shares, but the company can raise money by issuing new shares above £0.001 per share. Have a look at the example below.
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