Ben Richardson, CEO at SulNOx, confident they can cost-effectively decarbonise commercial shipping. Watch the video here.
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I might add, it's good to see this board has not descended into the aggressive tit-for-tat name-calling that so many others fall into.
[ Even though, with the suspension, we have more reason than most. ]
Long may that continue.
Well, it is something. AND the article has been posted on the website within the last 24 hours.
For what it's worth, I emailed the LSE regulators to ask whether there was an absolute limit
to the time a share could remain suspended.
They could not clarify beyond what we already know - i.e. that a share is suspended initially
for up to 6 months, but can be extended.
So there's no reason in principle the extensions cannot be repeated indefinitely.
Wow, I want, nice spin.
Can't see a message of hope in a paper that probably started life last year. It hardly shouts staff and suppliers to get paid after a year of waiting. However, let's see what the next RNS says, I may be wrong.
It appears that there’s a resurgence of activity at A.D.A.M., marking a significant development after a prolonged period of inactivity. Both Jonathan and Anna are working at A.D.A.M. This update, sourced from a March 2024 journal entry, has been recently highlighted on the AVO homepage in their newsroom section. To be optimistic that the upcoming RNS will provide us with comprehensive insights beyond the usual content replication.”
Still posting on LinkedIn about research ?? What is going on
There’s no deal to be done I’m afraid, Driving. AVO directors are in denial, they’re down in the bunker issuing the same holding RNS every month (just two days to go!) in the misguided belief that “investors” are still trying to work through the fine details of a deal. They’ll keep going until the very last second, when they are legally required to call it a day.
Please can we resume trading!!
Just get a deal signed, for heavens sake!!
Share has been suspended now for 10 months. It appears we are being given as much rope as is required to get a deal done. No deal can be done without the lifting of restrictions on the sale of ordinary shares as detailed below
Shares In Issue: 537481209
Not in Public Hands: 25.43%
Comprised of the directors’ holdings and shareholders holding 10% or more of the Company’s shares capital. Details of any restrictions on the transfer of securities: pursuant to the terms of the Subscription Agreement announced 6 December 2018, Liquid Harmony has agreed not to sell or dispose of any interest in Ordinary Shares to any competitor of, or hostile bidder for, the Company which would result in such person, together with persons acting in concert with them, being interested in Ordinary Shares carrying in aggregate 5% or more of the voting rights attaching to the Ordinary Shares in issue from time to time. There are no further restrictions on the transfer of securities."
Clutching and straws comes to mind! Personally I can’t see all this work coming to nothing, unfortunately I don’t see shareholders playing any part. A speculative for the wider good’ investment that is t likely to do me any good but hope for those it might
Could you provide a link to that information?
The only offer I can see on Renalytix's website is dated 4th March.
The quote below leads me to suspect that it is certainly not from AVO.
"Renalytix has received an unsolicited approach from a large and well-capitalised publicly listed strategic diagnostics company"
If these guys are suspended how come they have an offer of .25 a share on the table for Renalytix as per Stockpedia announcements?
I hope so. But as long as we don't have further details about it, I will not open a bottle 🍾.
Does anyone know what is the status with the petition in UK?
Good Lord - is this the first substantive good news we've had since Jun 23?
ADAM has not been liquidated but has regained its normal status. This means that a financial solution was found at the last moment to avoid bankruptcy and cancellation.
????
Https://shab.ch/#!/search/publications/detail/4c9ae79b-8cc6-45f9-98db-b7c61dc9bbb5
Still nothing today. Seems like Avo may be settling debts when necessary. I'm not sure if this gives me hope or not!
It's not in the Gazette yet and it should be by now. That could mean that the court have not accepted the petition for some reason. Maybe if the debt was small they have settled it.
Winding up petitions:
“ From start to finish of a winding up petition, that is from the issue of the winding up order to the court making a formal order to wind up the company, it can take approximately 8-10 weeks. This however assumes that all of the steps proceed smoothly and for example, the winding up order is not disputed or adjourned.”
I guess AVO are still playing for time
On another board, I referenced Monty Python's Black Knight. All his limbs are lopped off, but he still keeps coming. "It's only a flesh wound, come back, you cowards ..."
For AVO, we've seen employee tribunal rulings, ADAM dissolved, now this Mabey group's winding up order.
Nothing serious, you almost hear them saying, just another month ...
Loan or liquidation. Guess we will know tomorrow!
March 28, 2024Company
Case Number
CR-2024-001904
1. Advanced Oncotherapy Plc Dechert LLP
Petitioner
1. Mabey Hire Ltd Brachers
Thanks I missed the link, I have no idea if Adam can be saved or bought out of liquidation? But I guess the fact that AVO has not gone into administration as of now means there is still hope.
@CuriousInvester6
Follow the link in my post to the shab...