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You are correct Mike it is just a suspension on the 6th of April i just double checked. In that case I'm baffled at why anyone would be selling shares right now. At cash value??? No doubt all will be selling for a loss too as this is the lowest share price ever seen here. The company will have 6 months to conclude a deal with businesses they have been in discussions with. Significant value will most likely be created and the upside potential is far greater than any potential downside
My bad just a suspension on 6th april! Which is even better
Remember this was at 3p per share only 3-4 weeks ago. Those well researched about the backgrounds of Nick and Gregg loaded up immensely which pushed the price to these levels. A reminder RNS about a potential delisting scared many investors who were not risk tolerant away. Now presenting an amazing opportunity to invest into this shell at cash value (pretty much zero risk now), into two individuals with years of investment banking experience. These two directors are worth at the very least 2p per share just based on the value their experience creates.
Agreed. Although can I clarify that the company won't be delisting on 6 April, it will be suspended. If 6 months after that, they haven't RTOd or raised as an investment vehicle (which I see as quite unlikely given their experience and contacts). Then we would be delisted and probably liquidated with remaining cash (current value £1.2m) to SHs after any costs. I'll take the chances.
Gregg works for Early Equity, and quoted from their website "We invest in stocks and bonds to build wealth through long-term capital appreciation." And have 12 years experience doing so. I am very confident in Gregg and Nicks partner ship here. Given their background i think its fair to rule out any chance of liquidation here. Maybe a temporary delisting, but this given them another 6 months to find the right investment to create shareholder value. I'm glad they havent invested into the first company they spoke to as this would be incompetent
Nick Lees investment banking background, and cambridge qualifications makes me confident enough that whichever path this board takes, will be the best one. I can see this one multibagging to 5p when the board announces their plans
"The Board has had discussions with a number of different businesses, which has included the undertaking of some detailed due diligence work." And as Mike has stated Nick Lee is very well connected, especially within the investment banking industry. So it would make sense if they rto with an investment bank company. Or raise funds to become and investment vehicle working along side successful investment banks to pump money into something that will create significant value for us as shareholders
0.80p is cash value so I couldn't let myself sell for less than that. Especially when there is still potential to get this shownon the road. RTO or investment vehicle will be fine by me if the investment uses Nick Lees connections.
Riskisprofit- quote : ‘and the company they are looking to rto with are an investment banking company’
How do you know this?
The pandemic has opened up so much investment opportunities, cash is king now. If the bod can get their act together (which i believe they have and are working on something big behind the scenes) this will multi multi bag on just one good rns
It probably is in their best interests but it's most likely we will be suspended now and become an investment vehicle after a raise. Not necessarily a bad thing, will just have to see how it pans out. Unless an RTO offer presents itself that they can't refuse.
Might i add that the market cap is at cash value, so basically minimal risk from here. Either this gets suspended and liquidated, and you get a substantial amount of your investment back in a few months. Or the bod announce an rto or financial raise, and this multibags. This one is a low risk, high reward play now that it has dropped to these levels of cash value
I'm fairly sure it is in the boards best interests to either become an investment vehicle, or rto. They have a lot of experience with investment banking, and the company they are looking to rto with are an investment banking company. So it would make sense to complete this rather than get suspended and have to pay back share holders through liquidation.
It doesn't have to be an RTO. They are looking at raising and becoming and investment vehicle instead.
With bank holiday next weekend effectively next Thursday.
Then they have till October 2nd 2021 while suspended.
“ Against this background, the Company will not therefore be in a position to make a suitable RTO or complete the necessary steps to become a Rule 8 Investing Company, within the six month timeframe set out above. As such, the London Stock Exchange is expected to suspend trading in the Company's ordinary shares on AIM, pursuant to Rule 15 of the AIM Rules, at 7.30 a.m. on Tuesday, 6 April 2021.”
I gather 6th april suspension then they have 6 months to rto otherwise remaining cash is just liquidated and paid out to share holders
Anyone know the date?
Good for TR1
Depends on how long it goes on for and if there is any real prospect of an RTO. If they are defo going down the Investment vehicle route then I don't think we'll be waiting too long after suspension.
Still debts to be paid off .
No. It means you can't trade them on the open market but in this case if there was no investment or RTO then yes the shares would be delisted, and company liquidated with cash (~£1.2m) distributed to SHs.
It’s dual listed, if they don’t retain the aim listing after 6 months they will just move the stock over to Aquis stock exchange (old plus / Nex market) it’s not just disappearing.
But delisting from AIM, does it means your shares are worthless?
I'm not too disheartened. Suspension doesn't really mean much if you don't need your cash immediately. If they raise or RTO in the 6 months then still could be some decent upside. Each to their own though.
Thanks mike. it doesn't look pretty.