The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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ii didn't send me any email pointing it out, so it obviously wasn't worth the bother.
And don't tell lies about me providing false info. The only one who does that is you - time and again
Hargreaves Lansdown thought it was worth pointing out in their email to me, and you were providing Codder with false information, I thought it worth correcting. In the meantime I’m confused???? Says the man who is 90% down and actually chased his loses. Comical Albert at large
does anyone want to buy my shares for £1 each
Now look what you've done Offler. You've got Djp57 confused. As well as yourself - but that's usual.
Look, nobody is ever going to do this anyway, so I don't know why you started the argument.
END OF.
My point went to the total inaccuracy of your statement Albert not the process. It is and always has been possible to trade privately. I think you might have problems Albert with trying to persuade your buyer to ignore the actual crap market value and accept your notional value. But I was thinking more of you as a stepford investor, you might want to hover up some more shares after delisting lol. You could get your loses down to less than 90% then. Not that the share price matters.
Thats why they invented Stockbrokers...
Step one as you say, is find a buyer.
So what are you going to do? Put the shares on Ebay?
You're totally in the dark before you've even started.
No doubt, but still possible.
Fine in theory.
In practice, somewhere between difficult and impossible.
Incidentally you can trade the shares privately. If you can find a buyer you can do a off platform trade notifying the company registrar and your trading platform of change of ownership. The company registrar will transfer ownership issue a new certificate direct to your buyer and then your trading platform will remove the shares from your account ( as per guidance from Hl )
Thanks Albert I thought it sounded to good to be true, I'll just hang on to the shares I've got and wait to see if this company ever does hit the big time, good luck to all who are riding it out with me.
The Share price might have a notional value of 1p but it’s actual value is about half that. Down from 18p high, the document makes it very clear that future plans rely on additional funding. Let’s hope those potential investors don’t do their due diligence, otherwise they could be asking some very difficult questions like ‘Do I want to invest in a possibility or should I consider company history. Funny how a company share price never has much relevance when it’s crashed and burned.
It's only a notional value, Codder. And you won't be able to deal in the shares anyway so long as they are privatised.
The present shares had a notional value of 1p, so it equates to that.
The SP is what it is, but doesn't have much relevance to the imminent changes. There certainly isn't a discount on offer, as such.
The RNS dated 2 December 2021 states "As part of the transaction, it is proposed that the Company's existing share capital be re-organised such that:
Every 750 Existing Ordinary Shares be consolidated
into 1 New Ordinary Share of £7.50"
At this current share price 750 shares can be bought for £4.50.
I have held shares in this company since the days of Armstrong Ventures and currently sitting on a huge paper loss but I'm reluctant to throw any more money at it. Are they really offering shares at a £3.00 discount or is this another one of A.M's fantasies.