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One of the large shareholders accumulating for a “NO” vote?
Who is buying it & why?
2 large trades worth 43K ,large for Amed.
43K worth bought here.
Ticking up
This and IXI having a good day today....what’s happening here!
sp up 22%... spread 44%... so not really a rise?
Explorer I rig must surely be selling very soon. This would generate extra cash to AMED and raise the market value considerably. As there was $2.8m cash in the pot at last report, spending £100k a year to keep an AIM listing - well we can afford it. Works out at around 0.003p per share holder a year.
It would allow investors to at least buy/sell upon the rig sale (AMED main event) instead of allowing the directors to do as they please with shareholders having no control in their asset.
Personally will vote NO to delisting but happy to allow the nominal price reduce if AMED ever needed to raise cash. Although they are fine for cash as at last report.
voted not to leave AIM expect a rally in price this stock.
ask the company the question
and distribute the profit to us..
What will happen if this gets delisted and they sold the rig after? Are they going to do us for the money?
Strange they mention that directors have concluded it is the best interests to delist however they haven’t stated “ we have consulted with our major shareholder”. Who knows which way he would vote? Would he also want to be diluted down? Cash value is 8p.
QIC hold 61%. Passing of delisting requires 75%. What must the other listed shareholders be demanding, including Hargreaves Lansdown. And voting by PI's. Is this correct?
within the next few weeks before the GM - would be interesting situation
Surely since PIs are in the minority there is no hope of carrying the vote?
accept or reject:
1) to reduce the nominal price to 1p and/or
2) delist from AIM
Ultimately the majority shareholder owning over 60% has the final say
Amed have a robust cash position, & various assets, in particular their stake in the Offshore yard at Taicang, Singapore, which continues to gain activity, in preparation to build LNG vessels. It's the only subsidiary yard of YZJ which is at Taicang, and has been stated(with my posting of links) to be the chosen yard for YZJ's recent JV with Japan's MIitsui E & S, commencing April. If the voting primarily is NO to delisting at the GM on the 17th, my understanding is, we carry on trading on AIM.
If the management had made an decent PR effort on their assets, and maybe sold their disappointing MGR Resources & Copper Mine & successfully re-invested; and the rig had been sold by their offshore partners, we'd have been traded well & gained some 'traction' by now. Their new brokers haven't maybe aided.<br />Poor communication by management to their PI's.<br />The offshore yard, as I've posted many times, may in time see huge potential, supported by Yangzijiang Shipbuilding.<br />It's all very messy & seemingly 'underhand' tactics going-on.
Amed has still plenty of cash & an a wealthy principal equity holder.
Zaf is the man at the helm of the affairs.
Why does he want tobget rid of the private investors deliberately?
..... it is a joke!
Zaf the CEO of 8PG managed to exclude all small investors from LEG by consolidating to a newly named company 8PG saying too many private investors which is costing LEG admin extra fee and today its market capitalization is halved. i am sure soon he will be privatising 8PG. Any thing is possible in AIM and Zaf knew that well..
LEG was one of the seed investors in AMED but Zaf still their interim Chairman. someone should investigate Zaf motives because he has been doing well in the expense all of us small investors hard earned money.
I am one of the victim of then LEG and 8PG shareholder with my investment is almost wiped out.
here are some of the links.
http://8pg.co/portfolio/
Amedo res. is at the bottom with no interest except our CEO in board as chairman with £57,000 from AMED. click below and select the profile.
https://uk.finance.yahoo.com/quote/AMED.L/profile?p=AMED.L
The Directors are aware that Shareholders may wish to acquire or dispose of Ordinary Shares in the Company following the Cancellation. Accordingly, the Board intends to put in place an internal process that will allow Shareholders or persons wishing to acquire or sell Ordinary Shares to leave an indication that they are prepared to buy or sell at an agreed price. The Company will then use its reasonable endeavours to contact those parties that are willing to buy and sell in order that they may discuss effecting the bargain.
No then we just carry on as normal
Bit fishy , zafir may need investigating ?
Normally they say “we have consulted with largest shareholder” but they haven’t. Who can trust zafir after this?