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No body has any idea how much may eventually be available, legal costs, deals, mistakes. errors of judgement etc etc will all effect the outcome.
I have no idea what the procedure is but I imagine I will be a shareholder in a private company, on their books as invested and owning a certain proportion of the company's assets.
When the company is sold off/wound up, I expect to receive a representative amount for the shares I own.
Right, so what is the sensible thing to do? Any idea of how much per share we get is we win the cases?.... But once delisted what happens to our shares, where do they go and how do we get our hands on them?
@tep1: Well we know that.
Finalise legal cases.
Share value among shareholders.
Wind-up.
What else are you suggesting?
Few chapters left in this book if you ask me!
No...youre definitely not the only shareholder left. Take a look at the shareholder list on the company website.
However, all operating units have been sold, the company is a cash shell (with plenty of cash) and an ongoing large legal claim against PWC plus others.
AIM rules mean that as a cash shell it must delist after 6 months if there is no buyout or reverse takeover etc (the most recent operational rns explains in more detail).
It's just a (potentially long) waiting game. I for one am going nowhere: no news is good news.
ATB
GS
I rook a massive hit on WTG when it was still QPP! As it has been bouncing about between 50p and a £1 for the last couple of years I haven't paid much attention to this share., so no I haven't been looking for RNS releases.
So from a practical ponit of view am I the only shareholder left? Why haven't others just dumped thier shares?
Oh well better start trawling throw RNSs
Bankfool
Seriously ??? Have you been self-isolating on a desert island for the last 12 months???
Rumour? I'm guessing you don't read RNS details.
Unless there is an announcement otherwise, my understanding, from RNSs, is that WTG will be delisted on May 1st.
The situation is unambiguous, not rumour.
ATB
GS
So what is happening here? Does delisting mean what I think it means? Why is the sp 54p and not 0? Is delisting actually happening? What happens to our shares? Is this just a rumour or is there some substance to this view?
Depends on what the company say regarding progress on litigation i would think.
Atb to all invested.
Ktc
With May 1st looming, what are the odds on a sell-off by those not wanting to be locked into a delisting?