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You can't have the nominal value of the company less than the market cap value. All shares carry a nominal value, usually1p but can be less or more. Multiply the no of shares by the nominal value of each shares and you get the nominal value of the company-if this is less than its mcap the nominal share value has to be decreased. I think delisting is a cert now as Solenta are insisting on it before lending any more money.
Don’t understand why they doing subdivision of shares when they’re proposing delisting? Unless they’re thinking they’re is a good chance of delisting not happening?
People who need a certain amount of vote will be using ?
Nai/DYOR
i'm in... but i don't really know what i'm doing
Who’s buying...?
0.0425 ish to buy now. Doesn’t seem to be much stock about down here.
Why has there been no TR1’s last few weeks ? Volume has been massive !
Nai/DYOR
Buy price 0.4 or is it sell price?
Max buy is 2m or £800 worth. This is going to spike up again imho.
Nai/DYOR
5 more days to go... btw KOD up 5.26%
Wheel spinning till the 12 August...who’s in for the gamble?
What brokers are people using? My broker wrote to me recently saying if i dont do anything, they will sell my shares on the last day of trading so im looking to move these shares to another broker.
"not getting many recommendations porkychips"
oh brother, you think that matters ?..how sad
not getting many recommendations porkychips
why do people buy and then ramp in order to find buyers to sell into ?
On the move again gla
0.054 GBX +0.012 (27.06%)
5
why do people sell out then deramp pond life simple as that... you made money well done now move on and leave it for the next man
With a 37% spread
Should make for an exciting afternoon.
Buy all means keep buying.
But don't be the last one out.
Good luck
I have.
They hold enough and it will delist.
The alternative is conjecture however here is the post:
Solenta Aviation Holdings Limited ("SAHL") has indicated to the Company that it will only continue to provide the Company with financial support on condition that the Company's listing on AIM is cancelled. Any such future financial support from SAHL is likely to take the form of either further additional secured convertible loans to the Company or a capital fundraise by the issue of new Ordinary Shares. Without this support, and the passing of the Resolutions to be proposed at the General Meeting in the form set out below in this announcement, the Board believes that it will be very difficult for the Company to continue trading into the foreseeable future as a going concern. In light of the above, the Directors believe that it is important for the Shareholders to pass the Resolutions.
Res1 not voted through and it stays 1p
No it won’t. Read the RNS
Hold 59% of total voting rights.
That will be enough.
Am out now.
Thanks.
Closet u can get to zero.
75% at meeting is req not total 75% voting rights.
Not how it works.
" FJET 1p nominal "
soon to be £0.0001 nominal value..wakey,wakey