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Indeed
Its the new shares that will probably be issued for any acquisition.
The egm is to change company name and allot 1.5 billion shares, so would also expect a placing to come with rns or shortly after imo
Sorry the EGM is 26th. The Website mentions new investors as part of their review so this is starting to look promising. I don't think they will be investing bits of cash here and there but rather concentrate on a major prospect as yet to be known to the investing public. Perhaps the £500k is simply working capital to be used to tidy the existing operation and facilitate an RTO.
The EGM is 28th Feb I think so shortly after that I would expect to hear about any acquisition and if any of the existing assets will be kept. I rather feel a complete divest of what we have with a total focus being placed on a new prospect.
Double. This is pretty text book stuff and I agree with ismalia on this one. They took over the shell not because they loved the Indonesian asset but because they have something else up their sleeves. They need to take their time, get the EGM out of the way, and slowly let the market know what the new strategy of the company is, then they will introduce an asset they have their hands on that is in accordance with the new strategy.
If they are smart, and I believe they are very smart, they will take their time and get it right. There is no reason to go faster other than to appease the old ADL shareholders. IMHO FB
doubleup - they probably did look at this before investing and getting the other incumbents to leave and that is why we will have the proposals shortly. If you are invested then you will be rewarded, if not there looks to be little time left at current levels.
IMO they should have looked at all this prior to taking the company ?
All very positive and clearly the new BOD want the market to know it means business. The truth of the matter may be that the BOD already know exactly what they are doing with the current assets and the ID of the new assets they are going to acquire. I feel that the current sp will be left well behind once the EGM is out of the way and the PR boys let the market know more about the emerging company-we must forget all about ADL.
Completely disagree double. The crucial message is that this is a new board and company which will change course from the past and evaluate current and ‘additional’ growth option with decisions in ‘two weeks’ not 6 months.