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I knew this was a scam from day one but I decided to go against my better judgement.
bouncing a tad......sorry.....just going slightly senile....Hoping for a 1.15 close.....Gl all OF
i presume tihe bounce is coming in the last 30mins. yawn ive had to wait all day
But just gone through
Well I've just bought £1200 worth,this drop has been over done I'm sure.I was going to wait until tomorrow to buy but could be a reversal in the morning.Keep smiling all,happy days ahead!
could be a small one OF loads of buys going through on L2 but doesnt seem to want to budge
in this.....
and now a 1m buy mmmm... tempting me
I might be wrong but another person bought 4.5 million shares today (I can't see the trade on here now) which would be a huge risk....
Milky
I guess all PI will have 8 working days to see if the is a slight uplift in the share price and sell or impending suspension which could result in one of two outcomes. BOD gets the £6 million to become a investment company or delisted and you stand to loose 100%. Major holder like Stephen Paul Jones have more to loose than us. Has he sold out yet?
someone just bought 500k shares just of £5k bit risky no?
Thanks BP. Your reply is much appreciated.
Best regards,
Milky
The alternative is to lose 100 per cent if the company is delisted in 6 months. That is the reality. I will be impressed if they get the 5 million plus they need. But they could I guess with someone like Akers buying in and a huge billion share placing? Left it late though!!
Yes and then 6 months later delisted. So after 6 April you cannot buy or sell. If it does a deal the company would need to do a new application to list as a new type of business.....unless it raises the £6 million cash in total to become an investment company.
Okay, i agree with some of what you say, however for those that bought at 3p plus and in light the current share, what alternative is there left, panic and sell up and stand to loose more than half their investment or hold and allow time for the BOD to raise the £6 million and have a chance of recovering their investments.
What the BOD directors have proposed is not impossible.
The guy has sat on his backside for six months picking up a decent wage, and now destroys the share price. Why are us shareholders allowing this man to pick up a wage?
Hi all,
I have a quick question. Based on the recent news am I right in thinking that this company will still trade on the AIM until the 6th of April, after which and unless an acquisition has been completed it will be suspended?
Thanks, Milky
nothing substantial has changed? Are you sure??
No deal done within 6 month time period so de-listing is a strong possibility.
Need to raise up to £6m to then change direction and become an investment company.
I'd say quite a lot has changed.
Cash shell with £1.2m and valued at £2m despite 50% drop today so potentially could keep falling. I fell soory for all the people who bought 3p plus based on a done deal.
Oh and Lionsgold (changed name to Tally). Loads of these type of rns and.....nothing
Lionsgold continues to work with its advisers on the process required for readmission to trading on AIM of its ordinary shares. The Directors now expect that the readmission process will be completed in the fourth quarter of this calendar year instead of late Q3, 2018.
Once delisted that will probably be that. It needs to raise 6 million to become an investment co and that is MOST unlikely.
The company has good cash and can continue as an unlisted. In time current shareholders might be offered a bit of cash to sell out but not much. Might. But in most of these cases they go and its the end. All aim punters have a list of such companies and "dead" investments and wonder where they went. Worthington group, Sphere medical, Nautilus Marine, Buchan Resources......even Polo Resources is now over 6 months . All delisted with some cash. Polo with a stack. Nothing much after. A few vague plans which came to nothing . Global Beverages Inc. Mystery where that went.
So unless something gets sorted by 6th April.....shells are a gamble.....holders will be lucky to see or hear anything more. I have a small freeroll and I will cash in. Sometimes you can get a late spike as directors buy so we will see .
Everyone just need to calm down, the shorters have fled on the back of the RSN, some after making a quick raise. Nothing substantial has changed, it’s just a little longer than we all expected. Good time to average down.
All need to calm down and remember why you invested . Realistically it would have been firstly on nick Lee , he is still there and the basics of the RNS in my eyes is well we can see more opportunities investing in lots of companies then buying 1 and morphing into this. So longer wait , more shares etc but very much they see it will be better this way so we will benefit more this way also . It’s really simple
Pump and Dump of warrants over then is it.
same bod, same major shreholders, cash n bank, plenty of spac interest, and more buys than sell so far.
Yes
Surley the thought of a raise to become an investment vehicle is far far greater than the company delisting and losing everything ?
They can also use the funds of a potential raise to get a bigger RTO ?
it wouldn't surprise me if RGO and PIRI will take part?
Additionally they may let existing holders take part whom are on the share register at a certain date.
Happy to Hold