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That’s For Sure !
Presumably the exclusivity agreement has now been extended to 1 December? Poor comms from the BoD imo
The period of exclusivity originally entered into between Sun Seven Stars Investment Group ("SSSIG") and the Company has been extended until 1 September 2020 by the payment of £75,000 to be added to the existing one-year loan note carrying an annual interest rate of 10% per annum and convertible at the price of any subsequent share issue in the contemplated transaction. SSSIG has the right to further extend this period through to 1 December 2020 by making additional payments.
12 August RNS:
Would be nice if we were told if the exclusivity deal has been extended or not no rns for a while
Heading for zero or a last minute deal?
https://www.lse.co.uk/rns/CZN/2020-interim-results-xe43yxksjq711oe.html
Section 6 Borrowing !
If the transaction Fails to materialize! Which is looking a tad Dodgy at Present imo ! Wouldn’t Look Too Pretty ( Saddled With A Load Of Debt , Zero Revenue , Paying 10% Interest )
Well it doesn't look like they are extending to December. Thius is like watching paint dry though.
https://twitter.com/Jarvy55/status/1308021304193359875
We need an update from the BoD. What is happening? 1 September has been and gone. Does the lack of an RNS means we are close to a deal?
Hmm think we might see a tick up here
It's a punt, but mcap is less than £1m. IF a deal is struck then the share price is many multiples of where we are now!
Talking About A Potential Transaction For 6 Months ! Is Nothing For This OutFit ! The Last Potential Transaction Was Dragged Out For Circa 14 Months ! Serial Failures imo ! Just have to look at their Accumulated Losses to Figure that out ! Mind you they do like Dangling A Fat Carrot !
Should hear something soon here.
Any whiff of positive news and this flies imo...
I've sent the guy who does the RNS an email to ask if its extended or not
just guessed three versions of what it might be... 2 pinged back failed and one went through
Will let you know if I get a reply
Fingers crossed
I've still got a few tucked away hoping for the best. Nice to see a bit of trading activity today. Maybe some (good) news will land shortly.....
I was just thinking the same thing (belatedly!). Can't see any update on the website & no RNS issued. Strange!
Have They Made An Extension Payment ? If Not is the Exclusivity Over ? If They have why haven’t you announced it !
The period of exclusivity originally entered into between Sun Seven Stars Investment Group ("SSSIG") and the Company has been extended until 1 September 2020 by the payment of £75,000 to be added to the existing one-year loan note carrying an annual interest rate of 10% per annum and convertible at the price of any subsequent share issue in the contemplated transaction. SSSIG has the right to further extend this period through to 1 December 2020 by making additional payments.
Did They Extend Or Not ? Reasonable Request As The 1st Of September Has Long Gone .!
completely agree if it was a no go we wouldn't have had these extensions in place.
Happy to set an RNS alert and forget about this one for now
As I read it, if it was a dead duck would have terminated, still sorting loads of legal stuff, minefield, even no rns tomorrow this (could) be massive, my personal opinion of course, good luck
Believe it was extended till today so if no RNS by the morning then the new date of 1st December applies.
Seemed close so hopefully we can be surprised tomorrow.
The period of exclusivity originally entered into between Sun Seven Stars Investment Group ("SSSIG") and the Company has been extended until 1 September 2020 by the payment of £75,000 to be added to the existing one-year loan note carrying an annual interest rate of 10% per annum and convertible at the price of any subsequent share issue in the contemplated transaction. SSSIG has the right to further extend this period through to 1 December 2020 by making additional payments.
Did you see that bit regarding ( Accounting, Audit and Taxes ) $38,000 ! Was that for the 6 month unaudited accounts ?
Correction only £ 28 million ( $38 million)
Not at all concerned about my CZN holding or the regular deramping.
Just look at SYME - derampers were shouting sell sell sell in early August. It's since risen circa 1500%.
Update next week. Yes please.l
£38 Million ....Top Notch Outfit Then !