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'm highlighting some points here and wouldn't mind some input from others on what they think...
From 01 May 2019 RNS "Open Offer, Notice of General Meeting and Disposal"
6. Disposal and related- party transaction..."The Company has since received an offer for £1.00 (one pound sterling) for PhotonStar Technology from its Substantial Shareholder Mr Antos Glogowski (the "Disposal")."...AND..."The Disposal is conditional on the passing of Resolution 2."
2. Strategy of the Company..."The Company's strategy is to acquire a substantial business that is seeking an AIM quoted platform....The Company has already met with a number of promising potential acquisition targets and whilst no guarantee can ever be made to the execution of a successful reverse takeover, it is the Board's intent to identify and execute a reverse takeover in prudent haste."... AND... "As announced on 9 April 2019, I (Johnathan Freeman) had intended to leave the Board of Directors by the end of April 2019. The Board are in discussions with a replacement Director and consequently I have agreed to extend my tenure to allow this process to complete."
So we've taken up our Open Offer entitlement, had the GM and Antos has been identified as the Disposal in the OO RNS dated 01 May 2019. Does the company need to mention if they've received an offer from anyone else?
Going by today's Carry On RNS "Directorate Changes and Result of General Meeting", Allan has come on board as the replacement Director for Johnathan that's talked about in the OO RNS from 01 May 2019 and from what I can read from it, to talk "Strategy of the Company" with "The Disposal" Antos.
Or am I missing something? DYOR
Not missing anything. I'd expect they would have to mention if there are others. What they don't say definitely is what the target will be... Today's panic was a complete misinterpretation by traders and possibly some holders. More news to come on the OO, the disposal, the RTO target and of course, further board changes.
I believe you’re right on folk miss understanding today’s RNS. It had me for a moment until I felt a similar setup being played out with RNS mid April And the share price plummeted, but today’s dip and then buy ins were telling.
Not sure if already posted but Scotias website is backup/changed
Changed how? Just layout, or significant new content?
Pi's have got wise to their discusting tricks. F/ck 'em