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https://www.cityam.com/exclusive-medical-cannabis-company-chaired-by-former-lord-mayor-of-london-to-float-on-lse/
Could the shell company be us?
Been trying to find some more information about the rumored Hellenic Dynamics RTO.
This looks like a good fit considering the guys over at Greencare Capital (Nick Lee) and the relative values.
I must admit though, we now are a third of the way through the suspension runway. I would hope for at least an update at the half way mark.
i stayed in, can afford to lose a grand!
These directors are playing Aim Roulette with their bet on a single number
Bod have financial interest here of 2%+, they know exactly what's happening at present. It would be nice to hear from them via RNS, so as to show support for their loyal lth shareholders. So I hope they read this.
Ofcourse there will be good news here soon. The directors of a share being suspended will not purchase shares a day before suspension if they didnt plan on giving this share all they have. Also they own 2% of the company so a lot of incentive to get things cracking here. 500% rise coming here imo
I think we'd all like good news sooner rather than later!
I have a feeling we’re going to hear something in the not too distant future. Don’t hang me out to dry lol if it doesn’t happen but my spidey senses are tingling.
24 March 21 RNS: If they pull it off we triple our money, if not we lose the lot. I knew the 'deal' when I invested so just a waiting game...
The Board has had discussions with a number of different businesses, which has included the undertaking of some detailed due diligence work. However, after recent discussions with the Company's broker, Peterhouse Capital ("Peterhouse"), the Board has decided to explore, in conjunction with Peterhouse, the raising of additional funds to enable the Company to become an investing company quoted on AIM. The Board is therefore currently exploring a range of alternative structures and investment strategies focused on creating value for its existing shareholders.
This proposed strategy would involve the Company becoming an AIM Rule 8 investing company which, as noted above, would involve a further fundraising from investors of at least £6 million at the time of re-Admission to trading on AIM and the adoption of a suitable investing policy.
That's a statement and a half!
What makes you say that, or what evidence to back it up have you?
More than 50% of Aim companies that suspend, don't come back. GLA
Directors own 2% of the company. Once this is unsuspended expect a massive rerate.
shaf, the BoD has a maximum of 6 months from the date of suspension, as per the 24 March RNS.
'However, shareholders should note that, in the event that no reverse takeover, or conversion to an AIM Rule 8 Investing Company, is completed in the six months from 6 April 2021, the London Stock Exchange will cancel the admission of the Company's ordinary shares to trading on AIM.'
Ok thanks
I don’t think anyone other than the Directors can answer that question, but the fact they themselves have taken significant holdings on the drop to me suggests this will come back and likely rise quite quickly.
Anyone any idea When can we expect this to come back from suspension or is it one I need to write off
Thanks
Its all part of the process, good things come to those who wait.
oh, what a surprise! lol
My bad, you are correct, bring on the suspension!
It’s bank holiday Monday, it will definitely not be open.
Stock market is closed tomorrow however open on Monday from my understanding
Dude, it’s Easter Monday, it’s definitely suspending. You should know this by now!
I believe this will be suspended as do most holder here, which is perfectly fine. However there is definitely a possibility of news on Monday which may keep this share actively trading. Who knows.
I have a funny feeling that James Henley will regret dumping his holding in 6 months time
Lucky this afternoon...saw that RNS come in so bought another 500 k in 5 tranches...hard to buy late on...this ones going to be a winner
Yes way less risk as we are close to cash value at this point. Given that both directors have bought up 2% of the company between them, i would argue that this has been derisked majorly
In for a penny, in for a pound.. Lets see where this goes.
The risk is not that different to when everyone was investing here at 3p - infact I'd argue its less as it was only costing 0.9p to add today!
GLA