London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
I think the question people should ask themselves is a simple one but difficult to answer.
What will I get if I vote yes or no?
If a yes vote then on their value on day one of trading you should be able to calculate. You’ll be able to sell on a specified date.
If a no vote then what’s left in cash of Amur after all expenses of the RTO and wind the company.
You’ll not know the residual value nor a date when the value will be realised by you.
If the No vote wins then the company will delist and you won't hear a word from RY for years as he slowly squanders the remaining cash -pretending to search for other opportunities.
I think RY would love holders to vote No so he can spend the remaining cash himself at his leisure and he won't have to answer to or communicate with shareholders as the company would be delisted.
It could easily remain delisted for 5 or more years, so be careful what you vote for as a No vote means you will get No money from the remainder of your investment here.
A Yes vote could get you around 10% of your original holding.
Don't get me wrong, I'm not in favour of this deal and would prefer the remaining cash to be divided out but that isn't going to happen with Young at the helm as he will just squander the remaing cash at his leisure.
I even think he's picked the worst option out of the 16 to present to shareholders so it will be rejected and he then gets to spend the remaining cash over the next 5 or whatever years - pretending to search the globe for opportunities.
A Yes vote is not investing in this start up Pharma, its simply the only way to receive the last of your investment.
The new company may even rise a little at first if they pump it and draw in some Pharma speculators, thus, giving those that wish, the chance to realise the remaing cash they have invested here.
AMC have been working on the RTO for two years and this is the best they could find !!!!!
Not only that, they have only been talking to this company since December and were therefore never going to complete by the originally given completion date so should have pulled the plug way back then.
The BOD have taken their full salaries, they have spent a rediculous amount on this and there appears to be abortive costs too.
Some serious questions need to be answered by the BOD and Nomad
Crazytowner did you get a response to your email from either AMC or the NOMAD!
AGE
AMC is one of those companies that has 5+ years of bad performance, yet a blind investor base who continuously root for them despite have zero grounds to.
Its a form of mental illness.
Dont invest in these companies run by scum directors, all they do is lie through their teeth.
put your money in producing companies and you will have something to show for it years later... Other than wishful thinking leading to your capital wasted and years of false hope