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Hate to say this, but the more I read the rns , the more I got the feeling this delisting was done more by design than necessity
I don't see why the delisting is necessary or unless someone or company has a desire to grap a company on the cheap......but that's aim for you
I be surprised if mms will want a piece of this , that's been indicated.
As for the CEO, I believe there a conflict of interest which could of been the reason for delay in RNS.
As for potential relistment, well that's along way away, and some. The problem you have is if they relist or there is a take over in 10 years but most of the directors live outside u.k then you loose your protective status if you are still holding.
If you believe that you are going to be shafted then one should vote No and pull the ship down......no money but satisfaction that tose who tried to shift you got shafted too
Well I can some volatility tomorrow for sure. Down to the lows as the MMS grab as much as they can.
A bit more volatility over the next few days will be good. I for one will be buying the dips. There is a lot more to come with this share before the GM.
How long is a piece of string, it’s a difficult one to say. The aim could be to get off AIM and get in NASDAQ straight away. May not even delist in the first place. May get sold beforehand, could be a merger. So many options. The larger shareholder like gatemore wouldn’t be chasing after dead wood, they need to see some value in pumping and we £26m surely? The lead up to the meeting will be interesting. I personally think we will see some TR1 in the coming days and next week as people sell off and directors buy up. As always just IMO
Realistically how long would it take to relist?
Just to add. Even if this delist £5m in the bank with another £20m funding secured. Non core business up for sale to generate further cash. Overheads potentially cut by 75%. Now has the right CEO to drive this forward and thrive with shareholder backing we know this isn’t going bust anytime soon. Only way forward would be to re-list at some point in the future and that’s where the money will be. Maybe I’m being very optimistic. To consistently reiterate the 10p share value, clearly the company believes that’s that minimum value of each share. Over £100m already invested plus further £26m secured.
Exactly, why not just crack on with it? It just doesn’t feel right, my gut feeling is the CEO doesn’t want it to delist which is probably why it’s taken so long to get this RNS out. I’m sure Gatemore invested more just a couple weeks ago while it was cheap no? To then vote for the delist. The next couple days will be interesting
Any idea why the date has been pushed back from 20-5 to 6/6? Why not just crack on?