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Yes ridiculous been a long wait but IFwe are going to get GOOD-news than it is worth waiting few more days
It is getting quite ridiculous!
They will have had FCA consents back by now. Even allowing for back and forth, surely we should receive an update by now. If things are delayed, i'd rather know that instead of hanging around waiting.
When did you receive this email?
Thank you very much for asking the question and more importantly, sharing the response with us all here. So sometime this month fingers crossed.
Also, if they've submitted the prospectus, the rest of the regulatory stuff relating to pharma must have been done and dusted.
Thanks. If he expected March, it shouldn't be much longer. Unless amendments were required of course. Easter has delayed things too.
I emailed JMK and asked what was going on with the RTO and here is the reply
Good afternoon.
A draft prospectus has been delivered to FCA. They should review it and give comments when they are ready. However it is never easy dealing with regulators.
When the FCA are happy the prospectus will be released. This will outline the business going forward, valuations, timetable, etc. There will be an accompanying RNS at the same time.
I cannot give you the information until the RNS , etc is issued for obvious reasons. I have all my fingers and toes crossed that it will be this month.
Bratt90, do you know they're waiting on FCA or is that an assumption or guess of yours?
Tbf, I don't think it's in their control. It regulatory bodies that we're waiting on.
C'mon you guys. 3 more working days left to end of the month. Please don't come back with more delays
Of what exactly????
DISH are waiting on FCA approval
Ahh well maybe next week
Yeah, and also much lower. If it does actual trade again.
Is a possibility that this will open much higher than it closed? Thats if it happens
Why would they know? We're waiting on governmental procedures. There's no way of knowing accurately how long they'll take.
Before the end of Q1 they said... if they take it closer to the end of March to make an announcement, or better not be another delay. They should know by now if the transaction can be completed by end of Q1 or not.
I got this info from a helpful soul elsewhere:
Once FCA sign off prospectus and give green light to relist it should typically be around 2 weeks thereafter and no more than 4
Launch value is typically determined by info in prospectus and will look at financials of business if there are any of last couple of year and / or potential mkt opportunity of the business
Shares % allocation shud have already been announced at time of confirmation of rto target ie what % of the SPAC shareholding will make up the new rto target.
Still begs questions (like how long will the FCA take?) but some insight nonetheless. Anyway, we should find out soon.
Same! Anyone with good knowledge around this, your input would be amazing..?
.. all this goes according to plan and there's in indeed a successful RTO, can anyone please explain to me how it all works?
How long will it take after the initial announcement (forthcoming RNS) before shares are actually trading, and what's the procedure?
How is the initial share value arrived at?
How are shares allocated to existing DISH holders?
Please excuse my ignorance but I've not done this before.
Read the last few RNSs.
More likely the beginning than the end imo.
News promised first quarter, so four more weeks yet.
Any updates or thoughts on this share peeps ?
News likely be 2nd half o March I think
News must getting near now ! Gutted my £1k had been suspended for along time now ! I could have stuck it in HE1 and made a good amount ! I just hope that when the news is out it’s good and the wait will be very worthwhile for all invested ! Not like the spac that turn into HELD it’s been a nightmare for myself and slog of others from day one !