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Happens too my existing Axm shares?
Eaas BB is up and running.
You would expect the exchange and brokers to have these migrations ready to go in an automated way. Every time huge delays and it varies by platform.
Bye AXM hello EAAS
No metaleach IP will sold by EAAS is my understanding, also mentioned at the bottom of todays RNS.
The old BOD got to slope off with MetaLeach at a bargain price. It was a piddling amount of cash and made no material difference to the dilution.
Just forget the past. Gone. Not relevant.
This should have resisted on January 6th. We could have had an Epiphany joke.
AXM is no more and so there's no point in releasing any good news until EAAS lists tomorrow ...another 10m for me....Gla holders....Fingers crossed for strong demand and interest on EAAS's listing....positive news on their Clean and Green technology funding partner will add significant value imho. ;-)
Last RNS sounds like metal each disposal is happening “announcement in due course”. Why didn’t they dispose of the asset whilst it was a cash shell, would of increased SP and reduced dilution.
Once again not thinking of the shareholders.
Don’t judge everyone by your own standards, please.
This is the third time I have taken a placing in AXM.
I had written off my first two investments, for sure, but this is easily a multi-bagger. ELight has first mover advantage in a huge market, £25 BILLION and growing. There are HUGE pressures to decrease carbon footprint and INCREASING regulation as well., including TAXES.
I’m happy for you, if you managed to sell today, as you posted. Obviously not for you.
Pop back and visit sometime!
I see another excited new investor, Not been a LTH.
Blimey you new guys get really excited when have invested a couple of thousand pound in something over a vert short period of time. : )
Will say it again as obviously not taking it on board. Wish you all the best. Take what you want from it. Take care
“ Hope goes well for the new investors and do not get stringed along with false promises from the BOD, never know in 2020 they might actually achieve something and even bother to comment on this board and take an interest in the investors that paid their salaries for the last 4-5 years.”
It’s a new BOD and and a new business. Why are you consistently failing to comprehend that?
It’s not rocket surgery!
That's because I've never been invested in AXM and have never been interested in their core business and mining prospects. They are now a cash shell and have successfully negotiated the reverse take over of Elight, which will.be listed tomorrow as E energy Group , EAAS, hence my recent investment in anticipation of strong demand and interest given EAAS's exciting and excellent upside prospects and potential....watch this space!!!
Ps you refer to anyone that highlights EAAS's prospects as a ramper , which is some what hypocritical as you appear to be intent on deramping the prospects at hand for those now interested in EAAS's potential.
As your name suggests that all that has happened to my cash. It’s funny how after 4 years in this share never have I seen you comment on the board lol. Good luck with the ramping of the new company. Hope goes well for the new investors and do not get stringed along with false promises from the BOD, never know in 2020 they might actually achieve something and even bother to comment on this board and take an interest in the investors that paid their salaries for the last 4-5 years. Wish you all the best
The acquisition, which is subject to shareholder approval, constitutes a reverse takeover under the AIM Rules. Upon completion, the Company will trade under the name of eEnergy Group plc and its new ticker symbol will be "EAAS".
The General Meeting to approve the Resolutions in relation, inter alia, to the Acquisition, waiver of obligations of the Concert Party to make a mandatory offer for the Company pursuant to Rule 9 of the City Code on Takeovers and Mergers and the Placing will be held at 11 a.m. on 8 January 2020 at the offices of Hill Dickinson LLP, The Broadgate Tower, 20 Primrose Street, London EC2A 2EW. A summary of the action the Shareholders should take is set out in the Admission Document.
Alan Clegg, Chairman of Alexander, said: "It is pleasing that despite the challenges embedded in the uncertainty of the UK investment landscape up to the foundational Brexit General Election result, that the Board and our advisory team have managed to both find an acceptable buyer for the MetaLeach assets, conclude an appropriate SPA and complete all the necessary conditions for the RTO while raising an acceptable level of new equity funds to proceed with the conclusion of this transaction. We remain fully convinced that the resultant divergent paths created for MetaLeach and the listed shell are the right ones for the realisation of value for both old and new shareholders alike."
So after 4 years of watching your investment in AXM dive, and rapidly over the last two years, you're now seriously suggesting that you're going to sell out the day before the new company EAAS , with its exciting prospects and potential, is brought to market???
Try 0.017 as initial buy in over 4 years not so much a strong but then.
The new investors will rape it unfortunately lth of this share have been strung along. Will be loosing well over £30k for a poxy new shares on the 9th. Will most probably unload allot of this tomorrow and write it off as lesson learnt.
Good luck to any of LTH with the new company guys.
0.037p paid. That is 11.1p in new money (300:1 consolidation).
That is a 48% premium to placing price.
ELight gets 20% off distributors prices. It has 4 manufacturers competing for its business.
eLight has secured contracts directly with certain of the world's leading technology manufacturers, bypassing distributors and wholesale channels to ensure a competitive advantage for its projects, and is in negotiations with a leading green and clean technology funding partner to obtain a dedicated fund for its energy service agreements.
Is that correct K3VMC, I was calculating the new planned listing sp against the current sp from the following admission document....nevertheless, EAAS will be bouncing into double figures soon enough imho, and positive news on their Clean and Green Technology Fund partner could add significant value with any luck. Gl :-)
Number of New Ordinary Shares of 0.3 pence each to be admitted
New Ordinary Shares: 130,926,167
Issue price per new ordinary share: 7.5 p
All of the Company's AIM securities will be freely transferable.
No ordinary shares will be held as treasury shares on Admission
CAPITAL TO BE RAISED ON ADMISSION (AND/OR SECONDARY OFFERING)
AND ANTICIPATED MARKET CAPITALISATION ON ADMISSION:
Capital to be raised on admission: GBP2 million
Anticipated market capitalisation on admission: GBP9.8 million
PERCENTAGE OF AIM SECURITIES NOT IN PUBLIC HANDS AT ADMISSION:
EXPECTED ADMISSION DATE:
9 January 2020
“ I'll need 8.5p to break even on my 30m bought over the last couple of weeks”
0.3p is 9p, in theory, post consolidation.
The addressable market is £25bn and growing. Just our NHS spends £540m per year. Earlier this year it paid for LED upgrades, but from now on, it won’t have to.
I doubt that Harvey Sinclair’s plan is to run this market leader, only to have the sp stay at the placing price!!!
I am hopeful of it and more to be honest, this could and I say could be absolutely massive, big time.
If it makes you feel better I will need about 19-20p
Ps following the share consolidation on listing, I'll need 8.5p to break even on my 30m bought over the last couple of weeks....fortune favours the brave....and the savvy...:-)