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Are we about to go live again soon........all data has appeared????
Madchatter,
Let's just assume i have a company that has filed accounts showing a loss of £10 million.
Then let's assume i had a way of getting that company (directly or indirectly) listed with another company that will have a tax liability arising from current/future profit.
Would you still consider that that company had zero value, or would you consider that it now has an immediate asset of £10 million?
Jace
How many holders are there for the 50%?
Out of interest have you included my holding?
Chris
@applegarth and neilin.
So suggesting rto into something of zero value (photonstar), then issues papers to rto *again* into something huge?
Trying to get my head around the maths of a double rto..?
siborg - read both posts - the "there is currently" is a correction to the typo in the previous post! However, as regards the overall thread, I would read nothing into LSE's sudden showing of the ticker - the system has been doing strange things all week for me!
There is currently ????????
*there is currently*
Normally it would show -i no data available for (in this case)bou.
i know of a lot of holders here patiently waiting... when I did a check on their holdings before 8th August it was over 50 percent of the total share capital issued at that time.
Oddly today I see a price. Not seen that for a while...
See the exclamation mark has gone again today. Is it a glitch or could we possibly be expecting an RNS? Dont have any other shares in suspension to check.
Just for fun as I know it's all ifs, buts and maybes.
Are we expecting an RTO within the medical sector?
CBD has been a popular opinion so far and is my guess.
Failing that, keep a eye out for, custard the Dragon with Joe fanning on it over the Xmas season, lol gla
I do not think there is any reason to lose faith , the high risk in a rto is if there is a leak, well, there's no plumber needed here, so in my eyes, all is sweet and looking good.
Patients is the key, and it works both ways, small p I s and large investors.
Keep cool , sit back and reap the rewards.
Gla
I still believe we'll hear of a 'possible' target before end of year with an inkling of when relisting could take place, hoperfully before March/April ...imo
Agreed, but I assumed Mr Glogowski had a target in mind when he bought 21% of PSL, why else would he go to so much trouble with the open offer etc
The Bod have another 4 months to sort out a result before we need to become concerned, in here for the long haul and hopefully a good result
Chris
IT probably won't happen that way we are all guessing. See what happens. However, Antos is not in it to lose it?
Apple
Fine with all the RTO information, but cannot see how Bou shareholders will benefit if the target is Photonstar as it no longer trades and it's value is negligible
Chris
chriszzr....have a look at this...lookls promising tom me:-
https://www.lexology.com/library/detail.aspx?g=59540807-0e55-44a5-8eb0-66c8ad1d7902
A reverse takeover, or “RTO” in short, is a transaction whereby a private company effectively gains a listing on the stock exchange by means of getting itself acquired by an existing listed company. This typically involves an existing listed company (“Listco”) (which can either be a Mainboard company or a Catalist company) acquiring the shares of a private company (“Target”) in consideration of issuance to the current owner of the Target (“Vendor”) a large number of new Listco shares, thus enabling the Vendor to take control of the Listco. Upon completion of the acquisition of the Target, the Listco will own the Target and the Target’s business will become part of the Listco’s group business. With new controlling shareholders in place at the Listco, there will typically be a change to the composition of the Listco’s board of directors. And in most recent cases, the new controlling shareholders would have the Listco dispose of its previous businesses such that post-RTO, the Listco’s sole business would be that of the Target’s. This effectively achieves the objective of the Target gaining a listing through the backdoor, also known as “backdoor listing”.
Does a RTO into a non trading company, albeit a former subsidiary but now privately owned, count as a transaction to satisfy AIM rule 15 ?
Sounds a little complicated and with no benefit to Bou shareholders other than to preserve the listing
If the rto target then buys a private company and offers a placing I can see how it might work, but surely this was all planned and managed before Mr Glogowski bought his initial 21% stake in PSL
Any thoughts as to how this might pan out?
If Photostar is used at the RTO is that good for us or not?
Apple... Thank you for the polite reply. You have clarified what I was thinking. Its an 'active' company as opposed to dormant.
It does appear that some cogs are still turning.... What ever that means to us is still anyone's guess. Thanks to neil for spotting it originally.
ATB LB
Neil and lovely boy.
As he is not on the board, he is just a major shareholder. He has no influence over the direction of the company or any intended rto.
Why would he then take up the warrants? Why would he give an irrevocable undertaking not to sell?
----
Makes perfect sense to use Photonstar as the Rto and with a health sector company with cash looling to join forces for a listing. Whatever, something appears to be developing "In Prudent Haste" ...?
Why is over due accounts good?
Martin Lampshire resigned on the same date Antos Glogowski bought the company and appointed himself as Director
Still interested to hear what Neilin62 has to offer
Chriszzr
Because any hold ups could have been down to this, and if this has been signed off maybe the light has gone amber from red and about to go green? Anyone notice that Martin Lampshire is no longer active? Resigned from Photonstar Technology 19th June 2019.