Chris Heminway, Exec-Chair at Time To ACT, explains why now is the right time for the Group to IPO. Watch the video here.
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And should they delist/be delisted from London... what can we do??
Answers on a postage stamp & send to ....
And they have the Moscow listing should any Aim rules be breached.
Well let's hope they have are interests. at heart as well as their own.but we should also realise that some of these outfits greed knows no bounds.because quite frankly for them it's gone just the way they wanted gla
The most important first step going forward has got to be the appointment of Auditors, who may be enticed with the (likely very lucrative) investigation work. Until that's dealt with I can't see the H1 Results being published and it may even be that all 3 previous years' result have to be restated in accordance with a revised model. So I wouldn't be surprised if our next set of audited accounts will be the Full Year 2020 issued early next year. In the meantime we can only hope that we get some statement of the new Board's strategy, positive support statements from UGC and Everest, and regular production updates.
I can't see shareholders accepting a low ball offer. Its one thing voting off a board and asking for an investigation into past dealings, its a totally different ball game trying to buy a company when there are people with large holdings who would be very opposed to such a deal.
They would also need board approval and I don't think the present incumbents would be able to agree.
Then there is the minor fact they have not got an auditor yet. So I can't see that happening. IMHO.
Regarding the conversion there might be many reasons, Why one might do that. They may just need some cash for other endeavors where they see more opportunity (unlikely). Also, they may want to show everybody that they are on the shareholders side. Or maybe They have other intentions which others have already speculated about. Fact is we do not know at this point and there’s no reason to waste more time thinking about it. At least that’s how I look at it. In six months we will know more until then congratulations we all have a tremendous investment here.
I suppose as the intention to list in Moscow was first officially acknowledged back in February it wasn't just down to UGC but the Board then generally must have seen it as a good move.
They converted, at a fixed exchange price, of US$0.135 per ordinary share, is my understanding of RNS releases,.....at the exchange rate, of £1 to US$1.31, I have them converting, at s/p@10.3p approx, by my calculations,...your question, smalltrader,.....does this open the door, for a low ball offer?,.....I don't know,....the Moscow listing, followed by this, does not sit well with me,......with POX Hub technology & Gold price outlook, the future looks very good for POG,....the POX Hub technology, is obviously what they want access to or control of, (imo),....the way they have gone about it, & resulting effect on s/p, we can all see.
BW
seem to have clearly in majority with the way the voting went through, it looks like any future voting would be easily won by them. If that is the case then if UGC proposes for a take over at a cheap price then is there a way to stop them? I wonder if this could also be one reason why Alya sold her shares considering that a cheap take over is in the pipeline? She could have sold it at a much higher price than Friday's closing price? Feeling bit uneasy with the way voting has gone through. would like to hear from others on why they think cheap take over is not possible? By cheap take over I mean, it could be below 30p as UGC and Everest have bought/converted shares at 13p