The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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Agne’, I would hazard a guess that many holdings have been squirreled away in ISA A/c’s due to the low values. If you have time it might be an idea to email all known ISA Managers with the view of informing their clients ?
There are now 41 members in the group with a combined shareholding of 83,357,278 shares so 83.36% of the way to our first target of 100m.
Our group's combined total holding is 5.98% of the issued share capital of AMC.
To request a general meeting to vote on returning the remaining cash in the company to shareholders should we not like the RTO then the Memorandum & Articles of Association state we need 30% to do so.
If AMC would have been a UK company then we would we would have already hit the target of 5% to requisition a general meeting as we own 5.98%
If you want to empower AMC shareholders then feel free to join our group as the more the merrier!
Even if you only have a small holding then you are welcome to join as it is not the size that counts but what you can do with it and that is to hold the AMC Board to account!
Shareholders are still waiting for the Board to load up tax guidance in respect of the Boards decision to pay a 1.80 pence special dividend!
AGE
And as usual is probably about to be missed, or at least dragged out till the last day:-
"The Company is currently advancing the necessary workstreams to complete the RTO process and expects to be in the position to publish an AIM Admission Document before the end of April 2024"
Usual useless RNS that can be read at least two ways, I guess they can say they are in a position to publish, without publishing it and kick it a long for another month or two!
All helps to Keep Scoffing Robbing and the team at the trough a bit longer.
There are now 40 members in the group with a combined shareholding of 81,345,938 shares so 81.34% of the way to our first target of 100m.
Our group's combined total holding is 5.84% of the issued share capital of AMC!
If you want to empower AMC shareholders then feel free to join our group as the more the merrier!
Even if you only have a small holding then you are welcome to join as it is not the size that counts but what you can do with it and that is to hold the AMC Board to account!
Shareholders are still waiting for the Board to load up tax guidance in respect of the Boards decision to pay a 1.80 pence special dividend!
AGE
Sent, please check your email
Please email me via gneissifyoucangetit@gmail.com letting me know how many shares you have.
Regards
AGE
Hi
What’s the group please, I have AMC shares
There are now 37 members in the group with a combined shareholding of 73,550,610 shares so 73.55% of the way to our first target of 100m.
If you want to empower AMC shareholders then feel free to join our group as the more the merrier!
Even if you only have a small holding then you are welcome to join as it is not the size that counts but what you can do with it and that is to hold the AMC Board to account!
Shareholders are still waiting for the Board to load up tax guidance in respect of the Boards decision to pay a 1.80 pence special dividend!
AGE
Agneissearner hi, I’ve observed the goings on here for nearly two decades. Lets say when the light dawns the postings have been an interesting read from time to time. This might, just might be the only time that Shareholders have been in a position to do something righteous. And that appears to be solely to your credit.
DestituteBroker if you want to see a clear demonstration of the combined power of shareholders then have a look at the LSE Scirocco Energy PLC (SCIR) forum where we got an 80.19% vote in favour of a resolution to return the remaining cash in the Company to shareholders via a Members Voluntary Liquidation (MVL).
The Chairman and Board advised shareholders to vote against the resolution and they were well and truly defeated.
You will recall in the David V Goliath battle that David killed Goliath by using his sling shot to throw a rock and hit Goliath in the forehead.
If you have enough determination then anything is possible!
I have my slingshot at the ready!
AGE
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Agneissearner, I admire your efforts. David & Goliath comes to mind.
Are you aware that total global financial flows are over $100 Trillion & over 40% of that flows through UK offshore ? There is another Guy on these bb’s with a partition trying to stop Shorting, with no idea of the extent that it is used. Agneissearner, I admire your efforts. David & Goliath comes to mind.
There are now 36 members in the group with a combined shareholding of 70,915,090 shares so 70.915% of the way to our first target of 100m.
If you want to empower AMC shareholders then feel free to join our group as the more the merrier!
Even if you only have a small holding then you are welcome to join as it is not the size that counts but what you can do with it and that is to hold the AMC Board to account!
Shareholders are still waiting for the Board to load up tax guidance in respect of the Boards decision to pay a 1.80 pence special dividend!
AGE
There was an interesting recent Upper Tribunal tax case with the judgement given on 22 March 2024 that provides evidence that is useful for AMC shareholders and it is called Alexander Beard V HMRC.
The case was originally held in the First Tier Tribunal and judgement was given in favour of HMRC so Alexander Beard's legal counsel sought permission for the case to go to the Upper Tribunal and permission was granted.
As I explained before rulings in a First Tier tribunal do not create a binding precedent for other cases however judgements in Upper Tribunal cases do create a binding precedent.
The case related to the payment of dividends to Alexander Beard and whether the dividends are income in his hands of or whether they are a return of capital.
The dividends were paid out of Glencore's share premium account and the Upper Tribunals Judgement was in favour of HMRC as they found that the dividends were income in the hands of Alexander Beard.
If you look at AMC's last interim accounts you will see that the total special dividend of $31.284m is included in the accumulated deficit column in the consolidated statement of changes in equity and none of it was included in the share premium account.
If some of it had been included in the share premium account then based upon the ruling in the Alexander Beard case that element of the special dividend that was included in the share premium account would be income in the hands of AMC shareholders.
It is my views that the ruling in Alexander Beard provides AMC shareholders with a binding precedent that we can rely on for treating our special dividend as a return of capital.
You can download both the First Tier Tribunal and Upper Tier Tribunal cases by using google and searching for Alexander Beard V HMRC.
I am surprised that the Board of AMC have still not provided shareholders with tax guidance re the tax treatment of the payment of the special dividend as they approved the payment.
AGE
If you were earning 305k USD pa working part time would you want to give up the gravy train?
AGE
2 aim biotech firms looking to delist from aim and go private as there's no interest in the shares and the valuations are low ......and Young wants to bring a new one to market 🤔 Why on earth he desires to go down this road only he knows.
There are now 35 members in the group with a combined shareholding of 70,853,579 shares so 70.853% of the way to our first target of 100m.
If you want to empower AMC shareholders then feel free to join our group as the more the merrier!
Even if you only have a small holding then you are welcome to join as it is not the size that counts but what you can do with it and that is to hold the AMC Board to account!
Shareholders are still waiting for the Board to load up tax guidance in respect of the Boards decision to pay a 1.80 pence special dividend!
AGE
There are now 34 members in the group with a combined shareholding of 69,338,579 shares so 69.338% of the way to our first target of 100m.
If you want to empower AMC shareholders then feel free to join our group as the more the merrier!
Even if you only have a small holding then you are welcome to join as it is not the size that counts but what you can do with it and that is to hold the AMC Board to account!
Shareholders are still waiting for the Board to load up tax guidance in respect of the Boards decision to pay a 1.80 pence special dividend!
AGE
There are now 31 members in the group with a combined shareholding of 65,535,950 shares so 65.535% of the way to our first target of 100m.
If you want to empower AMC shareholders then feel free to join our group as the more the merrier!
Even if you only have a small holding then you are welcome to join as it is not the size that counts but what you can do with it and that is to hold the AMC Board to account!
Shareholders are still waiting for the Board to load up tax guidance in respect of the Boards decision to pay a 1.80 pence special dividend!
AGE
Email me via gneissifyoucangetit@gmail.com and let me know how many shares you own and I will add them to my spreadsheet.
AGE
Been away from the site for a few weeks.
Do you have a link to join up?
There are now 29 members in the group with a combined shareholding of 62,101,727 shares so 62.101% of the way to our first target of 100m.
If you want to empower AMC shareholders then feel free to join our group as the more the merrier!
Even if you only have a small holding then you are welcome to join as it is not the size that counts but what you can do with it and that is to hold the AMC Board to account!
Shareholders are still waiting for the Board to load up tax guidance in respect of the Boards decision to pay a 1.80 pence special dividend!
AGE
There are now 27 members in the group with a combined shareholding of 60,253,727 shares so 60.253% of the way to our first target of 100m.
If you want to empower AMC shareholders then feel free to join our group as the more the merrier!
Even if you only have a small holding then you are welcome to join as it is not the size that counts but what you can do with it and that is to hold the AMC Board to account!
Shareholders are still waiting for the Board to load up tax guidance in respect of the Boards decision to pay a 1.80 pence special dividend!
AGE
Indeed and that is the reason we want as many shareholders to join the AMC Shareholders Share Action Group as possible so that we can hold the Board to account!
If you have not joined the group yet then email me via gneissifyoucangetit@gmail.com to join!
AGE
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Keep posting gwm,we’re all just getting as many digs as possible at professional salary takers on the boards of aim companies.
All done with a smile at how clever they are at relieving us of as much money as they can,while poking fun at our own stupidity.
MD
Keep posting gwm,we’re all just getting as many digs as possible at professional salary takers on the boards of aim companies.
All done with a smile at how clever they are at relieving us of as much money as they can,while poking fun at our own stupidity.
MD
I am so sorry md all your points valid, ive just tried to be respectful to all. Ill stop posting on here unless very urgent.