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So name change is imminent
Like the RNS and clearly deal expected October or more likely now November. As mentioned before on the back of previous RNSs my guess is that we will close a deal with the issuance of some shares and earn out on oil production. Due to our size I rather prefer to start the rebuild or new company with a small production asset, with development potential. As mentioned before, very much like that they are talking about a European asset which I like vs some less palatable jurisdiction. Time will tell but can see this doubling depending on raise size vs mcap uplift post raise. Time to sit back and wait a few more weeks for details.
Pahaha most of us are in at the bottom as well so their greedy snouts in the trough will benefit us.
It looks like our wonderful Directors are setting up there next con!
Get in at the bottom and sell before the top.
The wonderful world of AIM!!!
GLA
Funny ;)
Yes, 2p or not 2p! 2p would be a nice sp to be seen soon here!
Going to be a weird conversation going into the AGM asking for a name change with no deal.
So I suspect we will vote on the RTO between now and the AGM and the AGM will present the votes, plan and listing idea.
Just my 2p
Hopefully will be before 29th October but guess like you say it may be post AGM but don’t mind waiting a few more weeks for a 5-10 bag return upon relist!
Sounds like a deal is close, why else would you change your name. I suspect the RTO will be live the day after the AGM
So in theory it could be up until 27th May next year but all of the indicators from the last RNS was that they are very hopeful that a deal will be completed in or before 29th October.
Ok thanks, so it could in fact be more the end of November then?
Timetables are all in the RNS
29 oct mentioned in the RNS from september 9th. You can read it is the date exclusivity ends.
Other dates you can read in RNs from may 27th
It was my understanding that we would likely get an update on or before 29th October?
Professional.
I didn't know those were the timescales.
Thanks.
It could be a lot longer than I thought then!!!
GLA
The deal does not have to be done before 29th of oktober.
Ofcourse they would like to.
On 29th of oktober exclusivity ends for the deal they are trying to close. If there is nobody else interested slippage wouldnt minder.
27th of november is more important but again not final date. This is 6 months after they became a cash shell and shares will be suspended if no deal done ...
Then they have another 6 months... if nothing done by 27th may shares will be cancelled.
Every party wanting to do a deal with adv knows this so they will take their time to achieve a good deal for them i assume
Just be prepared for a possibly terrible deal for us and when/IF we relist the price could be less than we paid for.
Been here before and one RTO shareholders blocked and everyone lost their money.
Course they have to vote.
I’m not sure either, hopefully someone on here will know though!
I made an assumption that we would have to vote.
Does anybody have any knowledge in this regard?
GLA
I’m not too sure? Do we have to vote in the case of an RTO?
I thought it has to be all sorted by the 29th October?
Remember, we have to vote.
GLA
Could be up to the 29th October so still next week?
We have to get some news this week!!!
Four trading days to go!
Come on ADV.
GLA
About time one of them gave you a good few bags upon relist then isn’t it! This could be the one!
Professional.
Exactly how I see it as well.
I am hoping they shoot up on relisting and within the first two days trading I will sell the lot.
I have had enough time to think about it.
GLA