The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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Oneknows, you raised the question as to why the ITM and PHE rises didn’t have similar announcements and I flagged up a major difference in the size of the price movements. If you didn’t like the answer then why pretend that these Companies’ much smaller daily movements were anything like CLPs? False equivalence - what next? “BT Group Plc knows of no reason for the substantial 66% decline in its share price over the last 3 years...”
If you look up the responsibility of the Nomad
Under the section “Monitor Trading” it says:
“ MONITOR TRADING
OR3 – The nominated adviser should monitor (or have in place procedures with third parties for monitoring) the trading activity in securities of an AIM company for which it acts, especially when there is unpublished price sensitive information in relation to the AIM company
In meeting this, the nominated adviser should usually:
? use suitable alerts or other triggers to alert the nominated adviser to substantial price or
trading movements. This can be satisfied via the broker
? contact an AIM company where appropriate if there is a substantial movement to ascertain
whether an announcement or other action is required, liaising with the Exchange where appropriate
? consider the necessity for arranging relevant press monitoring, particularly when there is material unpublished price sensitive information in existence”
It appears that our Nomad did exactly that, contacted the AIM company in the event of a substantial movement. “Substantial” is suitably vague but a 10/20% rise/fall on AIM stocks is not uncommon (sometimes that’s just the bid/offer prices being messed with by MMs that can achieve that) but 100% movement during the day is substantial by anyone’s definition.
I’m fairly sure I’m not a mouthpiece for the company but I do try and make my own enquiries independent of others and not just piggybacking on any prevailing conspiracy theory. If that puts me at odds with the crowd so be it. I’ve had many discussions with posters on here and we often “join the dots” up in different ways and none of us can be sure we’re right at the moment due to the paucity of information available.
If you’re certain you know what’s going on with CLP I’m not sure you’ve been invested here long enough ;-)
All the best....
Bulls*&t mate you really need to stop swallowing the guff the PR and FG keep feeding you,Since you now appear to have become their latest patsy mouthpiece (after the sad passing of the previous two) you may want to ask them (or not)to explain the reluctance to sue (we all know how much they love a court case) the relevant parties in the debacle below
Thu, 19th Sep 2019 07:00
19 September 2019
Clear Leisure Plc
(“Clear Leisure” or “the Company”)
Update on Proceeds from Mediapolis Land Auction
The Board is pleased to announce that, following increasing legal pressure being put upon the receiver in charge of the Mediapolis Srl (“Mediapolis”) bankruptcy and in order for Clear Leisure 2017 Ltd (“CL2017”) to obtain the proceeds due from the sale of the Mediapolis land, the Auctioneer has now proposed to the Ivrea Court to allocate the total of €1,938,309.98 to “Fallimento Mediapolis Srl” (Mediapolis Bankruptcy srl). Fallimento Mediapolis Srl is the new legal name of Mediapolis Srl, following the bankruptcy procedure.
The Mediapolis land was sold at auction in July 2018 for €1,958,400.00 and it has been transferred to the purchaser of the land by the Court of Ivrea on 22 February 2019. The difference of approximately €20,000 between the sale price of the land and the sum assigned to Fallimento Mediapolis srl is due to the payment of the costs of the seizure procedure incurred by Ivrea Court.
The allocation proposal requires the formal approval of the Ivrea Court at a hearing scheduled for 22 November 2019.
Once the funds are transferred to Fallimento Mediapolis Srl, the Mediapolis receiver will be formally asked again to proceed with an anticipated assignment of such funds immediately to CL2017, as the beneficiary of the first charge on the Mediapolis Land, net of further procedural costs to be charged by the receiver. The amount receivable by CL2017 will initially be up to a maximum of 80% of €1,938,309.98 (being approximately €1,550,648). As a general principle, Italian receivers must distribute funds to creditors at the end of the bankruptcy procedure; however, under certain circumstances, Italian law allows to anticipate such a distribution of up to of 80% of the total sum due.
IN SHORT WHERE IS OUR MONEY?
Sorry, this was a reply to Oneknows point about ITM and PHE not having speeding tickets issued despite significant rises. Neither of them made anywhere close to 100% peak in one day and then start up again with the same momentum the following morning...
Neither of those had reached 100% increase in one day unlike CLP a couple of weeks ago. That’s why CLP were asked to clarify the position...
Yes very clear what they are up too just wait for them to hang themselves
Shares moving between brokers IMHO,Halifax offering 200k only.Any volume and maybe we'll be given another speeding ticket.....
Were ITM OR PHE to name but two given a ticket?....Remember we were climbing from an ALL TIME LOW PRICE,THEY WANT THE SP DOWN HERE IT'S AS SIMPLE AS THAT.
Last 3 buys dont justify the brokers fee?
Either no shares or someone desperate for more.