The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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MD, you have a good point there.
The way they do business and that bad smell is probably the reason for no reverse t/o’s
MD
For some reason there never seemed the appetite to replace the board. I had suggested to go down this route several years ago when it was obvious to me the BoD required a change. Not all at once, but every time a board member came up for re- election, I would have voted them out as a warning as to who will be next, to sharpen their focus. The general consensus on here was that might not be a good idea!!!! With hindsight, it might have been! Just for clarification, I bailed out quite a while back, but hope that the reputation of the current board follows them around like a bad smell, severely limiting their opportunities to deceive other shareholders.
Good point. We'll have to see what they release in the next week or so, but people might have to start looking at their options. I just can't believe the larger shareholders are giving them a free pass. I feel in any other AIM share like this (cash shell) there would be efforts to replace the board by now.
Sorry meant to add this too:-
https://www.aabrs.com/services/advice/what-just-equitable-grounds-winding-up-petition/
Doesn't need to be someone with a large shareholding, anyone can start a winding up order.
Or you can issue a claim through the governments "Moneyclaim" for smaller holdings (upto £10k). AMC probably wouldn't even respond, you get judgment, then you can send in Bailiffs to recover your money. I've used this many times for various business supplier and customer issues and it works a treat!
https://www.moneyclaim.gov.uk/web/mcol/welcome
The board of Amur continues to review a number of reverse takeover opportunities. Further announcements will be made as appropriate.
I believe this was mentioned on 7th September RNS
Surly they have had a few companies on thier radar
I can't believe they have not finalised anything yet
Absolute jokers !!!
Would be so easy for them to either make an investment (take part in a placing) or return cash before it delists. Worrying if they think delisting is a better option. Have to wait and see like everyone else. Not confident they'll do anything now.
That's the problem really. Pi's are just sat hoping for the best, while they can just let this situation drift for ages. You'd think there would be someone with a large shareholding that doesn't want to see their money drain away.
With what is going on in the world today, you would think there would be some bargains!! Buyers market, come on team.
Unfortunately there isn't any big shareholders to force them to do anything. It might be a case of finding the private investors that have big holdings (they must be somewhere!) and group them together, if that is possible. Might be the only way to see a return.
23 days to suspension,then I wonder how long the rules say he can hang on to the funds that are left.Will he be able to drag another 6 months salary out of it ? We know those expenses will just keep piling in.
MD
Time someone is having the speaks with Robin...
Robin wake up !!!!!
The last AGM,announced 13th Nov and held on 30th nov.Everything always left to the last minute.
MD
As suspected Robbing once more fulfills every expectation of him!
There can't be an RTO now, not enough time to publish and organise an AGM vote before the shares cancel in around 5 weeks time. They could re-emerge as an investment company - quite hysterical considering Robbings track record!
More Likely is a cancellation and return of remaining funds to shareholders - won't be much as they will have been scoffing heavily at the trough 'looking for an RTO target' which probably involved loads of worldwide travel, large lunches and maybe even private jets :)
7 March is the next regulatory date the is important. At that date the shares will be cancelled and removed from AIM.
What makes you think that?
Definitely think The RTO is Not Farr Off !!! Fingers Crossed
There may be something left in petty cash, find out in 6 weeks
It will probably just fade away as any funds left disappear on well thought out and creatively accounted for expenses.
MD
£££££'s
Anyone here believe this is a sunken ship or do you still have faith that we will have another chance to offload our shares?
Guys, I am surprised anyone is still here!
Takes flogging a dead horse to new extremes.
Which part is so difficult to understand................." doing the same thing expecting a different outcome" springs to mind.....
I, personally was deluded for years in thinking AMC would come good - at a 50% loss of my capital, not even factoring in the cost of time.
Nevertheless, I am glad I dumped this dog when I did.
Eventually, I moved on and have not looked back.
AMC has tought me something though - do not " invest" in some AIM turd, full stop. Especially not one where the management have insufficient skin in the game.
Yep, It has to go to a vote which so would need to be announced in the next couple of weeks to get it done before de-list. As I said before I really don't think anything will happen, other than winding up the co and returning the small amount of cash that's left to shareholders. They may well drag this out for ages too!