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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Nice to see that we have not had the usual fall in the SP on the open. A few buys and we will be blue very quickly.
You’re all intelligent people so as always do your own research and risk what you can afford to lose. I’ve just given my thought on some of the things that looked odd to me
The circular is for compliance, you will read throughout the circular a lot of things are caveated and the language they have used has been very cautious. You can tell not a lot of thought process has gone into it, feels like information is missing and as I posted above a few things don’t se to add up
How unearth can you think that given the secular. It almost looks 100% certain that the delisting will happen. I love your optimism although I’m slightly confused as to why the meeting was put back from May to the 6th of June.
We predicted the SP wasn’t going to drop as much as everyone thought and the reason for it was because there wasn’t really anything new in the RNS thst we didn’t know about already, majority of the day traders / STH are already out hence since last week the trading volumes have been fairly stable.
Those that hold now will hold till the end most likely. Might get the odd shake off here and there but will be bought into. The coming days are very important,
I suspect another RNS will come pretty soon if the directors intentions were to buy in cheaper Becuase that has clearly failed. Any TR1 with purchases on give us a view of whatever the shareholders are planning.
De-listing isn’t even that bad if you look at it. In short £5m cash already in the bank, £20m more to coming in. £100m already invested, 75% overhead reduction, per RNS 10p minimum valuation and we’re currently on 1.3p. I understand it’s harder to trade being unlisted but a business like this only thrives being listed. Being unlisted is not attractive to shareholders.
As you can read on the RNS that came out a few days ago, so far only Lord Dayson and if wife are in favour of all the resolutions. If you read section 16 of the latest RNS you can see not everyone is in favour Rule 9 waiver resolution.
I think today will be like yesterday, sells will be bought into and may even end blue given how low we are already
Planning on averaging down. Options are much better than usual. Any positive RNS will see this over 10p. I believe things are in the pipeline. Let's hope it happens sooner rather than later
Note 15 in the prior year signed financial statements on companies house confirm that SENSYNE HEALTH HOLDING UK is a direct subsidiary of which 100% is already owned by the PLC. ( SENSYNE HOLDINGS LIMITED is the same as SENSYNE HEALTH HOLDING UK, refer to the RNS appendix)
What seems to be be unclear for me is that SENSYNE HOLDING UK is already a 100% wholly owned subsidiary of SENSYNE PLC. So it already owns 100% of the shares in the holding company so how can it purchase the entire issued share capital of Sensyne Holdings UK if it owns it already???
Also there’s a transfer pricing issue here that doesn’t add up, there will be massive tax implications if they transfer assets to SENSYNE HOLDING UK for £1 as the transactions isn’t at arms length so I don’t even think that’s in the question.
IMO something doesn’t add up, not saying I’m an expert but it doesn’t make sense. I do believe directors want to shake off shareholders so they can buy in cheap
All above my pay grade to fully understand , if any one can explain in plain English would be helpful , I’ve asked an experienced investor and they have said the wording and rns are hard to fully understand as somethings are not detailed ,I find it odd that the SP closed at 1.37 but yet the delist will give shareholders 0.8 or nothing if it gets voted against ???
“If Shareholders do not approve the Resolutions, the Relevant Purchasers will be able to exercise the Asset Purchase Option under the Amended and Restated Note Purchase Agreement and will be able to require the transfer of all material assets of the Group (including the Strategic Research Agreements and other data collaboration agreements) to be transferred into Sensyne Holdings UK, and to then purchase the entire issued share capital of Sensyne Holdings UK for consideration of (i) the sum of £1 and (ii) the assumption by the Relevant Purchasers of all the Company's outstanding obligations in respect of the Loan Notes.”
So this statement is saying if the resolution is not approved then the Asset purchase Option can be is exercised. If this happens then SENSYNE PLC will have to transfer its assets to SENSYNE HOLDING UK BUT then purchase the entire share capital of SENSYNE HOLDING UK for £1 and the outstanding obligations. So in theory it’s giving its assets to a holding company and but SENSYNE PLC then still owns 100% of the holding company -
Have I misunderstood something? So really SENSYNE PLC still owns all the assets?
They are playing with the wording here so much