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Why on earth would you sell when we’re on the verge of the RTO, hope you dont regret it, not long to go now
Let’s hope they throw some in the direction of CCAP as everyone appears to be selling this morning.
Not a ramp but in the FTSE news it is reported that today will see large investments into stocks. 1.30pm could be interesting!
Thanks @jh2704
S p Jones made a load of money buying a huge chunk of rms and selling well
That’s all I found out. Seems to have a nose for timely trading imho. He will make a wedge here!!
@DRealJohnJohno - I agree with @keep_calm......take a look at Rule 14/15 on the following link.
https://docs.londonstockexchange.com/sites/default/files/documents/aim-rules-for-companies-july-2016.pdf
What do you guys know about the investor S P Jones?
Thanks in anticipation.
The company will have to raise enough money that they have £6m cash in the bank to become an investment company like AAA, VELA, PIRI etc. Not such a bad thing to be honest as AAA is extremely successful. The best case here though is a reverse takeover into a green tech or crypto company as this will be big returns for holders.
It’s a tight ship though which is good because Nick and Greg are top professionals who do things properly. I’m invested in them as much as the prospect of a decent rto.
Question from a novice here. If for example there is no RTO and the company are suspended. I appreciate you can’t get your stake but what happens with your stake if they do not end up buying a company or takeover. Do you lose it?
My thoughts……….I don’t know anything about Stephen Paul Jones but he has a circa 10% £500k stake in the game. I am presuming he does not want to wipe his nose with that.
The Edwards have been quite successful for themselves and their shareholders, but I do not know if they are still holding after they went sub 3%.
I am hoping that SPJ has something up his sleeve and pulls it out of the bag before the April date.
If not, the share will be suspended.
That does not mean it is a lost cause, it just means you aren’t seeing your stake for a while.
The hope would then be that the share was re-listed as an all singing all dancing rocket ship and the existing holders would be there for lift off.
I invested here as a punt…….and whilst I don’t want to lose my stake….I think I’ll be leaving it on the table.
A clear lesson in not investing more than you can afford to lose.
Fingers crossed.
Not showing up lots of buys including a £10k one from me this morning.
I’d hope they’re aware of the timings!! Can’t say anything more tbh.
Thanks for posting Northern Boy. My take on this is that they are aware of the upcoming timings and what needs to be done with regards to any announcements. The Nomad/Exchange doesn't hint to me anything current - definitely nothing about submission documents etc - hopefully some news soon as i can's imagine they will want to leave it until last moment.
Sports Fans,
Not much of an update......but TBF, I don't suppose he can say a great deal. I am trying to take comfort!!!
Dear XXXXXX
Thank you for your email. Unfortunately I cannot share any privileged information with you and I hope you appreciate this.
We will be suspended from Tuesday 6th April 2021 as this is six months following the disposal of the trading business and becoming a cash shell under AIM Rule 15. If we announced a proposed transaction prior to this date, the suspension would be immediate.
AIM Rule 14 requires shareholder approval of any proposed deal and we have a further six months to seek this.
We are working closely with the Exchange and our NOMAD - all price sensitive information has and will be published on RNS at the appropriate time. It is not in the spirit of the regulator to release constant news flow as this is deemed to be potentially misleading.
For comfort, please be assured that we are aware of the timelines and the Company’s situation.
Best Regards,
Greg Collier
Director
Picked up from Telegram yesterday and lot of good info shared on RTO Rules - so just an opinion.
lots of people email greg and get responses .
I emailed the Co. last night...........I'll let you guys know if I hear anything.
Contact is greg.collier@earlyequity.com
Good luck!
Any chance of a screenshot of that email?
On the words most basic website.... that’s one of those you set up for £15!
I have resisted moving my cash somewhere. Let’s see!!?
The information isn’t on an rns. It is a reply from the company to an email to them asking for an update I believe
Tell us where do you see that my friend
@KingHomerJ........am I missing something......what RNS?
Please advise.
Company In discussions with Nomad and Exchange.
Admission Documents Logged imo pending GM
Nice nice nice
Looks like submission documents logged read for GM and vote pending resubmission.
Happy days.