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Opposite for me
Can't buy £1k
Just tried to sell my entire holding on iWeb and got: "Unfortunately, the dealing charges for this transaction exceed the funds raised."
I certainly cannot be bothered to do the matched bargaining marlakey, especially as iWeb say I probably need to transfer to a broker that supports it, and that would cost more again no doubt.
So I am stuck with these forever! LOL! Time to re-read The Rime Of The Ancient Mariner.
Pumpers really trying harder now. lol bless them
The Group intends to liaise about this proposed fundraising with certain interested parties following this announcement. Those Shareholders who are interested to receive further information about the proposed fundraising should contact ir@loopup.com.
The Group intends, irrespective of any share price movement in the interim, to raise the funds at 1.75 pence per share
Surely they woukd have to offer that to all holders before ethe Gm ?
Think you're you're the wrong thread
Rsi needs to come to under 40,
hence The clever ones banked their profits leaving newbies or inexperienced ones holding,
He wants to get the 75% vote passed and larger slice of pie
Exactly as I see it.
Hopefully they have learnt some lessons??? and do a better job second time round.
I hope so, as I am sticking with them for now as I still have significant number of shares that are worth about 5% of what I paid.
So effectively we're initial investors before it goes public in 5 years time again :) god what a disaster of a company
If a company delists, your shares are still shares in the company, you dont lose that percentage owned, its just harder to trade them
This is spooky! Perhaps he can trade his shares for an equity stake in the company after it goes private?
This doesn't make sense to me!
He may know something we do not and expects Loopup to flourish once private and with additional £9M.
In which his increased holding will earn him money, particularly if Loopup relist!
Agree selling shares after delist might be difficult/impossible at a profit?
If its cancelling listing then why did director buy?? Where will he sell after delisting. Any one shed some light please.
Directory buying shares at 0.6?
This section of the update made me frown. It's misleading to say the decline in the Loop unified communications solution was due to the pandemic.
Back in 2018, Microsoft signaled the end of the Skype for Business solution and the start of rapid acceleration into cloud UC with Teams.
This was a major warning to on-premise managed service providers such as Loop that they needed to pivot away from their existing solutions towards teams and Teams add-ons. As I've said before, this transition led to a decline in the profit margins of UC providers because Cloud UC is so much easier to set up and cheaper to run.
The suggestion that Loop's plight is down to the failure of the Loop Board of Directors or is unique to Loop is incorrect.
This is one of those companies that operated in a time-limited niche market and was left behind in technological progression.
Then people say they should have been more agile in their operations and adapted. That maybe true. In my opinion Loop held onto their legacy platform and customers for too long, seemingly ignoring the elephant in the room because they offered better margins than any Cloud UC customer would bring. Was this wrong though? Maybe not because you may as well keep a 30% margin for a bit longer if a 5-10% margin was the alternative.
The truth is Cloud UC and Collaborations in general is a massive growing market, but it's not very profitable. It's a large-scale, tiny margin market and it's very difficult to make money.
That's the story of why Loop has ultimately de-listed.
I'm sorry to hear of any losses here and hope that investors can recover them elsewhere.
All the very best with your future investments.
At 1.75p looks like good value to me at this point
One II and the directors own near 40% of the company, its passing.
In situations like they usually say "we have unconditional acceptances of X % to bcl the proposal "
But yesterday's RNS says nothing....unless that comes with the forthcoming circular?
Yeah I am down massively... but have averaged down recently. If shareholders vote agaisnt the proposal, what would happen next? They have a massive debt. Sorry guys I a newbie with all this.
My luck at aim shares has been a total disaster.
I'm stuck at 99.71% defecit and it would cost me more to trade out the shares than they are now worth.
At least DDDD had the decency to go bust on me.
After fleecing shareholders they decide to go private.
AIM rules should stop this as it stops investors taking risks in AIM shares.
So they delist and when they are ready in years to come list again with silly valuations.
Surely this is criminal for shareholders.
Just glad I took the hit years ago
So what happens next... Do our shares become worthless and we have to sell now! Trying to workout what are the options for Shareholders.
Let them take it private. It's a crap company. At least there won't be any more fleecing of PI's in share placings, which is a very good thing. Let the management face the heat of investors in the private markets. I suspect they'll be out on their ears if they don't perform. And if the company does turn around, well, we still have our shares - they didn't put the company into administration, in fairness. Don't get me wrong, I'm not predicting for a moment any future value, especially traded OTC, but they don't have any value now and - who knows - maybe one day those clever PE guys will dress it up and bring it back to market and we can all cash out! Lol. We have nothing to lose.
Board is greedy, vote to sack them.
Why on earth would the bank of ireland give a t about it staying listed to renew the facility?
surely retaining the listing and attempting to raise even more capital from the markets would be in the bank of irelands interests with regards to LOOP having the ability to repay the facility.
Unless, its a Smash and grab buy out.....
"Finalisation of a new facility remains subject to definitive legal documentation as well as the completion of the Cancellation, Re-registration and the proposed fundraising. There is no guarantee that the revised facility with Bank of Ireland will be concluded on the terms indicated, or at all."