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As per Andy, and Copl are focusing only on finalising the prospectus,
But for which they believe it may need to go past the 16th August.
The Q2 interims actually bring very little additional data to the prospectus,
the flooding although started had not yet taken any effect by end of June.
Actually, thinking about it, it could be the opposite, they have asked for the extension so they can focus on getting the prospectus in before the first deadline of 14th August, then it gives them just over 2 weeks to get the Q2 filings done. Hopefully this is the case
Iron, that is what I understood from it, although now they have asked for an extension till end of August instead probably means that the Q2 results will have to also be in the prospectus. So most likely will not re-list in August.
The FCA requested Q1 results within the prospectus presumably because it went past the date they were meant to be published. Why would that be any different if we go past the 14th August when Q2 results are meant to be published?
Yeah, that's how I read it.
The FCA has to make sure that the prospectus is an accurate reflection of the company's value on readmission. If (as we all hope) the company's value is rapidly increasing, they are within their rights to require that the figures in the prospectus are bag up to date.
Legin252
Yes. He stated at the AGM that the prospectus was being submitted 4 days later on the Friday.
Now they are 'working to finalise the prospectus ' which tells me that it is still with COPL and not the FCA. If was surely the RNS states that he prospectus has been submitted and waiting for FCA approval.
Iron doesn't "Prepare Interim Financial Statements for the Period Ending June 30, 2021" mean Q2 (1st April - 30 June?)
Excatly IslandGirl
Even more of a reason to hold on relist.
Priority is to re-list and then Q2 figures released after to keep the momentum of the SP going, and hold.
One delay leads to another… I’m sure you’re right that the FCA are now requiring that Q2 results go into the prospectus, MatthewEvans.
But that doesn’t imply that we’ve been lied to about the prospectus being submitted. I’m sure that it WAS submitted when we were told that it was, but rejected by the FCA because it didn’t contain the audited atomic accounts.
Those took so long to prepare that the prospectus is now out of date without the Q2 figures… so it’s been bounced back again.
To me that suggests incompetence rather than dishonesty LOL….
Exactly - It's quite clear. Because Art and the company are working hard on the Prospectus, the Q2 results are going to be delayed. Therefore the next major news will be the filing of prospectus and relist date.
The Company is working to file a prospectus with the London Stock Exchange detailing the Acquisition, which constituted a reverse takeover pursuant to the United Kingdom Listing Rules, in advance of the Interim Filings. Due to the foregoing, the Company will be delayed in respect of preparing the Interim Filings.
It's going to mean(hopefully)a re list closely followed by a Q2 news release..yehaa!
Yes. Relist very soon before Q2
“ Fact is we have been lied to and the prospectus hasn't been submitted at all.”
Any evidence to back this statement up.?
A lot of people sure do not understand that RNS.
It now allows us to relist without the need for Q2 results. My guess is next Monday.
I read it as we will re-list before end of August.
It’s been a wait but things are coming together nicely.
With the Prospectus with the FCA with the final bits in, if I were a betting man I would say we will be trading this time next week.
On 26th July, Art stated - With the completion of the Q1 financials, the Company can now work towards finalizing its Prospectus, which is required in final form before readmission to trading on the LSE. Once a definitive timeline for readmission is available, the Company will give a comprehensive update to the market on its operations."
I see nothing wrong with this statement and hope for relist very soon.
And back to square one. Now the FCA have every right to demand Q2 into a prospectus that we were told at the AGM, was submitted a month ago (the subsequent Friday). Fact is we have been lied to and the prospectus hasn't been submitted at all.
September it is then..gla
copl will re list then show q2 results
going by that it looks more like September now
Star - don’t hold your breath