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Hello everyone,
I hope you are all well and are having a good start to the year. We'll as much as we can with the terrible news of this company going under.
Guys I was just wondering if you could help me and provide a little clarity. I had some shares in 4d like many of you on here and have not really been on the ball in terms of what's happening due to caring for my grandmother who'd been terminally ill and unfortunately has now passed.
Shares and investing is all very new to me and as far as I know the company has gone under and is no longer trading. Is their anything that can be done or as shareholders have we all lost our investment? I see from some recent messages on here that we could have sent an email but I belive I may be to late for that. Guys I'd appreciate any help or guidance at all, apologies if I sound silly or as if I don't know what I'm talking about but that's because in some sense I don't. This is all new to me. Thanks in advance...
@Junaizz786
They needed support of 50% of shareholders which is what the vote was about and i would say they will secure that. I would be VERY surprised if they didn't.
They then have a meeting and will then confirm to the market the position. It is looking like the stock will relist shortly but face massive dilution with the new shares being introduced. So it might relist at 6p - 8p but could be a lot worse. We will soon know.
We don't know yet what deals can then be done to sell some of the assets off. They claim there was a lot of interest but due to the complexities of the business shares being suspended it was too complicated to deal???
Personally, i had totally written this off anyhow. If it does relist probably worth just sitting on the stock 6 months. IF there are buyers interested in the pipeline assets, deals will get done and the SP improve significantly from where it relists -one things for sure, as the new investors are owning a massive chunk of this business at 6p they will be expecting a return. IF the assets were worth nothing it wouldn't get relisted. That's how i see it anyhow.
Time will tell
Junaizz, read the RNS of 30th December. It is a long statement which sets out clearly the position and basically how ordinary PI's can retrieve something providing shareholders vote in adequate numbers. Your stockbroker should have informed you of the vote, most good Stockbrokers have done so. Proxy votes closed at 9.00am yesterday( 14th) The result will be known at 9.00am tomorrow (16th)
When would it go live again??