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Interesting, so no news tomorrow/Monday could actually be interpreted as a positive sign in that other party’s could also want a piece of the action, so could be a bidding war situation!
Not necessarily so. Deal is not off on the 29th. It just means any other interested parties can be given the same information as the current interested party after the 29th.
Whether there is any other interested party or not, who knows. The only thing we can be certain of is that, come the 19th of Nov, we will have to make our decision re cash shell takeover.
I am expecting a detailed RNS sometime w/c 7th Nov.
As someone of considerable experience over the years, the very very best advice I would give whenever anyone invests in anything and especially a small company is : BE PREPARED OIR IT TO GO COMPLETELY BUST !!!.
This is general advice !!!
So RNS 7am tomorrow or RNS Monday at 7am to confirm that RTO is completed and trading resumes? If not then would need to be before 27th November? AGM on 19th November I believe, everything up in the air right now but hopefully everything sorted within next few days!
Should hear tomorrow then fingers crossed!
applebee.
Thank you.
So we have a chance of hearing something tomorrow because the deal will be off otherwise.
But we wouldn't delist until 27th November.
GLA
The company is required to have completed an acquisition by the 27th of Nov. It is only exclusivity period that ends on the 29th of Oct. The company is not obliged to do anything by the 31st of Oct.
I am sure the BOD will follow correct protocol and we will hear something definitely before the AGM.
Trading has to resume before the end of the six month period or surely it will have to delist?
GLA
So if the exclusivity period expires tomorrow without completion then does trading then resume this Monday?
Surely an announcement today or tomorrow.
GLA
So trading could be resuming this Monday?
Next Monday is Halloween day.
I suggest watching Groundhog Day before then. It’s a very nice filum
As you say, 29 RH is when exclusivity ends. 6 months after this became a cash shell will be 20 something of Nov. I eclectic we will get an update before the AGM - on the 19th Nov i believe?
29th October is close, if not past 6 month AIM rule on relisting. It may not come back at all.
My understanding is that the 29th is when the period of exclusivity ends. I'm not sure they will necessarily need to make an announcement before then do they? Obviously if it is complete, then I would welcome the announcement, but I don't know if we will see an announcement before this time.
It's Saturday, actually - the 29th. Chances are, they'll take it right down to the wire. What's interesting though is, even in the event of a non-deal, trading will resume. Not sure that would be a bad thing. Confident of a deal, however.
Am I right in saying that we HAVE to hear something
Tomorrow morning ? Or am I missing something?
Hopefully you’re right and ideally there will be an announcement this week and trading resumes early next week!
We hope so! Lol can only hope for the best here can’t we! GL all holders!
Yep, received it Saturday.
Vote was on basic stuff like to keep on directors, lawyers and accountants.
rooblertwo.
Have you received a voting form?
GLA
I think Penny Mordant will be Prine Minister
Marcello Bielsa will be manager if Leeds United again
Advance Energy will probably go bust
But please don’t believe every word I say
Either way, it should be great fun in the coming days
I found the voting form a little cheeky. They expect us to keep on the directors when they are YET to announce the terms of the deal. So even if it is a bad deal they get to keep getting their monthly pay.
Either way I voted FOR everything.
I think there should be news this week because of the exclusivity period ending.
That is my opinion.
We will see.
My friend jonesrichard and I are going to make a fortune!!!
We will see.
GLA
exclusivity period ends 29 October 2022 wonder if we will hear anything this week