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Yes Sttwerty, exactly.
Qwerty
"Awful move to list on Nasdaq."
Agree. A dual listing with AIM as primary listing was a bad move.
Qwerty,
You previously stated:
'I think it's time to forget about this stock for a while and just wait for news. Hopefully good news when it comes.'
Who would you want to buy anything in this market, unless they need the cash then there is no use in destroying lse value. Awful move to list on Nasdaq.
Tricky - it’s funny how he’s gone dead quiet on the ADVFN Tremor board for the last two days. Perhaps he doesn’t like being outed to his “friends” on Totally!! Hahahahaha.
Now you say Tremor are rushing to an IPO to avoid consequences of H1 results and a court case agaisnt Alphonso.
Really, how childish of you to suggest that.
You suggested many other reasons previously.
A drowning man clutching at straws.
The mad man may have an audience to goad here but if he tried it in public someone would put his lights out.
Ballymoss/Gino,
"Tremor likely didn't attract many investors due to its confusing accounting changes"
If they had published their H1 results then they would have had more credibility on their figures and a listing at a premium.
The fact they didn't, shows they were in a rush for the IPO.
This backs up my stance that they were desperate to list before H1 results and I think this was because the Alphonso dispute hurried it along.
The need for a US listing became urgent around March time... The Alphonso court case filing was in May.
So I think once the dispute with Alphonso was known they felt the need to US list (with the placing) asap. I think because the process to list was the reason behind the early Q1 TU (10 days before Q1 end) and the need not to wait for H1. H1 should show some, if any, impact from losing Alphonso, data provider.
On 10th March, they published the fy account, without firm mention of US listing, they simply said:
"The Company continues to explore, from time to time, the possibility of transactions in the capital markets, including the potential for a dual-listing of shares in the United States. No assurance can be made that any such transaction will be completed in the near term or at all."
https://www.tremorinternational.com/wp-content/uploads/2021/03/TRMR-Final-Results-100321.pdf
Yet ONLY 6 days later on 16th March , they published their draft registration for a US listing:
https://www.tremorinternational.com/wp-content/uploads/2021/03/TRMR-Submission-of-Confidential-Draft-Registration-Statement-for-Proposed-Offering-160321.pdf
That tells me there was a sudden need to list with days of the fy results being published, timing which coincides with the alphonso dispute.
"Is Tremor worth buying?
Tremor likely didn't attract many investors due to its confusing accounting changes, concerns about privacy changes on iOS and Android, and the general weakness in growth stocks. But I think investors who tune out that near-term noise and buy some shares below its IPO price could be well rewarded."
The above conclusion of the Fool article looks rather like a cautious recommendation to me.