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Excellent news, good to see an update and confirmation of the AGM date. Hopefully all resolutions passed then we are back dealing on 25th November! Good to see major investors/directors are locked in for at least 6/12 months. Hopefully the share price on opening will climb a lot higher than the placing price of 2.75 pence. I will be holding for at least 6 months and will re-assess my position then. Hopefully by which time we will have seen a nice uplift in share price. Time to show more patience and start the countdown to the 25th November...Happy days
To add to your post Floppyjaloppy
"Mr Nealon, the Chairman of the Company, has agreed to provide the Company with a three month short-term, unsecured and interest free working capital facility of US$100,000 via his company, Almaretta Pty Limited"
From Nealons position and knowledge of the situation, he would not throw 100k into nothing.
Am confident from the info we have so far, this deal should be imminent. It's been a month since the last deadline. This november am guessing.
Hopefully the 3rd is red, markets should rally I hope.
Expect to hear some news soon - End of November is cut off for paying the directors cash or new shares, End of December its all over. BOD need to give us a progress update ASAP.... 'In the coming weeks' they said at the end of September... Well they have had 4 weeks to update us, time to deliver imho
"Consequences of not completing the Proposed Transaction: In the event that the Company does not successfully complete the Proposed Transaction or an alternative Re-admission Transaction by 31 December 2020, trading in the Company's common shares on AIM would be cancelled.
Director & Management Fee deferral and proposed fee conversion: Myself, the former-directors, Mr. Brooke and Mr. Sibley and certain other members of senior management have agreed to i) defer payment of the fees due to them as at 30 June 2020 of US$182,000 until the earlier of the Proposed Placing and 30 November 2020 and ii) to convert US$106,000 of the accrued fees due to them as at 30 June 2020 into common shares in the Company (subject to the Company being in an open period)."