HH, it is simply your lack of any balance as far as this company is concerned. You have always posted BUY, even when you cant buy, on and and on for what must be 2 or 3 years. I had tried to stay positive but things have changed now quite considerably would you not agree, a return to market in the mid term could be anything, quite frankly mid term is not a timetable in any shape or form. You are now going on about this coming good maybe late 2017 or early 2018, so about two years time, is that supposed to sound good then, with all due respect, are you just guessing this or are you on a wind up? And by posting Strong buy all the time when we have not been able to trade the shares for 9 months, well it just seems like a insult to long term suffering holders, who might have to suffer for another two years then? This is NOT picking on you, why are you so sensitive when someone engages you, surely these boards are designed for this sort of conversation.
All holders here thought that TGL would return from suspension after a maximum of about six months, the maximum allowed on AIM, INCLUDING YOURSELF! But I was one of the more conservative voices as regards how long TGL would remain suspended.
The situation then changed, for 'corporate' reasons, not as a reflection of how the GOS Systems business has been trading, which all updates indicate is positive.
As regards a return to a stockmarket, the intended timetable for a relisting is given in Touchstone Gold's January 2016 circular:
" ... it is NewCo’s intention to seek a listing in the medium term, subject to, among other things, the development of the GOS Business and market conditions. ..."
My definition of medium term is about two months to two years, which would indicate an intention to relist by about the end of 2017, or early 2018.
Yes but to de-list a company and have no timetable in place for a return to market is not very reassuring is it. Of course I hope that they do make a comeback sooner rather that later and I expect that the company will survive, but I am feeling nowhere near confident here anymore about when I might get some of my money back. From what I have read about the Feb meeting, it appears that they are short on funding and require more cash, so the money raised in the placings has all gone then has it? I certainly had too high expectations myself in thinking that the new clean, debt free company might have made a lot more progress by now and should have had the funds available to return to market pretty soonish. I am now simply trying to be more realistic.
Can you explain how we have not lost money HH? Are you trying to tell me that you are able to trade your shares then, please explain how you are able to do this?
My shares have now been suspended/ de-listed for almost 9 months, the valuation in my portfolio for this share shows a value of NIL! I wanted to buy AAZ and HOC in early Feb, I would have sold this lot if I could to raise funds for this, I would have been up about 60% on them two by now. BUT no available funds because of this big flop. You said all along last year that we would have come back to market by the end of the six months suspension period, this HAS NOT HAPPENED has it...so what is your crystal ball telling you now? Also I waisted my ISA allowance for last year on this lot.
With all due respect HH, can I ask, in view of all this confidence that you have for this outfit, did you even go to the February meeting for a reality check?
further thought from me, with regards to the new company name "Intelicrypt", this will be the holding company for GOS of course, this new name implies that they will be focusing more on the encryption side of things in the future, like the CQCL encryption key. Makes me wonder, are they looking to either expanding this side of the business purely in house, or maybe merge at some point with another company that has a listing and is a specialist in encryption like TERN for example. In fact a reverse takeover into another security company would be a cheap way back to market and the new company would appropriately be called Intelicrypt. So smiling faces all round, including HH.
Not at the moment. I got sent a share cert from computershare. On speaking to them yesterday, when the co changes name we will need to send our share certs back to be issued with new ones, but they will send us a letter about it in due course.
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