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Sorry share price was 0.28 (:-))
Crusty, thanks for your question and I had a ponder over it last night.
If I remember correctly solo went into suspension a while back, how did they manage to get through it and out the other side ?
At the AGM there is a vote to raise cash by issuing more shares which I have no doubt will be passed. If these shares are pre sold someone out there knows more than we do, I can’t see the point of more shares if nobody wants them.
Talking of shares I had a buy order in all day yesterday at 0.028 and they did not take it. If this was a real dead duck I think they would have grabbed it.
Stay safe.
Thanks, I do hope they has an rns on the 1st to tell us what is going on
Due to the COVID-19 pandemic, the AGM will be held as a closed meeting, meaning shareholders will not be able to attend in person. The meeting will take place at the offices of Hill Dickinson, The Broadgate Tower, 20 Primrose Street, London, EC2A 2EW on 1 October 2020 at 11 a.m.
Because the meeting is a closed meeting, we would urge all shareholders to vote via proxy. Completed Proxy Forms should be returned to our registrars, Share Registrars Limited at The Courtyard, 17 West Street, Farnham, Surrey, GU9 7DR to be received no later than 29 September 2020.
Has anyone had a vote or know what is being voted on
Crusty.
As far as I am aware Riverfort can put in what they want whenever they want with mutual agreement with the company.
We have no creditors as such apart from day to day running, bod salaries are another matter.
Irish, a question please;
How does Riverfort get to dole out more cash to AAOG once the shares are suspended? Or does that then mean we are living on fresh air post suspension? If so, how long before a creditor pulls the plug?
Irishmouse thanks for your reply. Although I have been in this share only since May this year I've topped up six times since my initial investment - all trades showing losses so I don't fancy investing more. Covid aside I was hoping this rt/o malarkey would have been in play by now given that it has been quite a while since Forum invested £500k and I imagine they had a pretty good road map for their investment before they made it. I appreciate that LTH have more reason than me for matters to get moving. Since the share price has not fallen to near zero I remain optimistic (but impatient). GLA
Firstly share suspension is not always as bad as it sounds. We have a period of six months to buy a revenue producing asset before we are suspended, if we are it means no one can buy or sell shares in the company. The company can continue normal business and keep looking for an asset.
Quite often a company will announce a probable take over and the trading is immediately suspended until everything is sorted out and share trading can resume as everyone knows the score.
Our position now is, can we find and afford an asset and will our major shareholders stay with us, do we trust our present BOD. If you think this is the case top up your holding as the share price is incredibly low.
If you don’t trust any of the above, sell up now and run for the hills.
I saw in a list of RNS this morning that another company was considering a rt/o and its shares were suspended. Is it always the case that the shares are suspended in rt/o?