Proposed Directors of Tirupati Graphite explain why they have requisitioned an GM. Watch the video here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
If you have a dealing account they should be able to transfer from ISA into that and leave it there at ‘nil value’ until such time as they relist or whatever.
Sorry, I have an ISA with Jarvis. Not a SIPP.
Hi,
Rang my broker Jarvis today as received a letter saying I had to either sell my shares or get a share certificate. Rang them to enquire about selling since the shares are suspended.
They have since (today) sent an updated letter and I don't need to do anything until they know more about the match bargain facility. They said they'd spoken to DEV and whilst it doesn't sound like a match bargain facility is in place yet, they are still hoping to have it in place before delisting.
Apparently some match bargain facilities would allow me to keep the shares in my Jarvis SIPP.
Of course I don't trust a word DEV say and doubt they will get a facility in place but you never know.
Yes I have just had the same information from Barclays
Your shares if in an ISA should just be tranferred to a trading account by your broker. From there they can stay as unlisted. If you want to sell you will probably need to be taken out of CREST and a certificate issued. These should all be formalities. I have had AAA shares sitting there for years since their delisting.
So, what happens if I don't sell them via the matched bargain facility - do I still own a share of the company? Is this when I'd need to get them transferred to paper?
Bit of a novice in this area, I'm afraid
Maybe some news may come in the next week which may tempt us to hold
I received this from HL regarding trading these on a matched bargain facility..
At this stage, we cannot confirm if this will be possible for our clients to interact with such a facility, ahead of an announcement being made by Dev Clever with the details.
Some confusion regarding selling these but I think Im gonna leave them and ride it out..shat or bust rather than a pish take offer for my holding .
Lets hope they update us before the 18th delist
Got this form HL today:
"We don't offer the facility to withdraw shares in certificated form but if you can find a platform that do offer this, there's no charge to transfer the holding to them before making the withdrawal. The transfer process is typically driven by the gaining provider."
So anyone using HL as a broker will have to find another broker to transfer to who would either trade shares on the new platform or allow you to transfer to a paper cert at your cost to then trade via the new platform whichever way you can.
GLA
I saw this on Twitter today and had to restrain myself making a sarcastic comment regarding the company being skint...let's give them time to sort themselves out though.
Union Home Minister Amit Shah on Friday arrived in Nagaland where he is scheduled to inaugurate some government projects besides holding political meetings. Shah will virtually inaugurate 42 VR laboratories in 42 government higher secondary and secondary schools, Atal Tinkering labs in nine government higher secondary schools, a power substation at Chiephobozou in Kohima district, and RCC a two-lane bridge at Doyang river near Governor’s Camp at Liphayan in Wokha district.
He is also scheduled to hold meetings with BJP leaders of Nagaland where assembly elections are due this year. The Union home minister came to the state after visiting Manipur earlier in the day.
Same here Nael
Thanks for a useful summary of the options open to us as private investors. I will hold with the expectation that the value of Veative will increase. There is no point in selling at 2p/ share IMO as I would personally crystallise a £10k loss by doing so.
I should have added which option do you think the HNW investors will choose considering their large investments ? In addition to that muse do you think the company hasnt already explored financial support and has it in place …..maybe I’m wrong but I think Nasdaq in a year or too is a strong possibility as already muted by CA , so I’m not in despair …I was a few days ago ! But despair is not ruled out if I’m wrong , if so it’s not only going to be me who loses a LOT of money in an innovative stock in an expanding sector which has been sorely hit by a contracting world economy (BYJU and E Blair to name two) GLA
I find it difficult to explain the apparent present dire financial situation, it seemed to me that the ditching of the Aldebaron deal was the catalyst as that deal at least provided financial stability over the next few growing years . Now there are a number of deep pocketed investors with a lot of stock in Dev both financial and reputational and ASLR company with its investors too. CJ apparently lost out to Aggar in a boardroom struggle and maybe deservedly so as comms were really bad and profits were worse although the economic issues account for part of that . I have a six figure investment here or “had” and this is my worst point ever in a main stock market company , made even worse as I couldnt at least trim my investment over the last year when the financials went poorly . However I have been thinking over all the senarios and there are a few …1 Veative as it is now recovers and realists …a possibility and maybe a probability with Aggar at the wheel and a large number of HNW investors but the company needs cash now ….
2,Veative struggles financially in an expanding ed tech market and is bought out by a large predator (remember most are struggling atm see Euan Blair’s company )
3 Veative stays private and does well in an expanding ed tech sector
4 Veative disappears and goes bankrupt quietly
Which does rational thought support keeping in mind we have an Asian high achiever in control and a new CFO ….
Take your pick but if you have the time I think it’s worth holding , selling will only realise 1or 2 p per share with difficulty ….holding won’t lose you too much more. But everyone to their own and I am bitterly disappointed and will never hold a large amount in a small cap again sad GLA
Cheers Womo. Interesting read, but still confirms we’ve been screwed!
Best guess £30mil. We’ll see massive dilution IMHO. Watch this space.
Cheers Womo..it's a strange one with Dev. We have a business,not bankrupt and have contracts and revs. Anyone aware of how much is needed in the funding raise?
Further to my previous post on Lionsgold (now TALLY)..... IWEB transferred my Lionsgold shares from my ISA into my standard share dealing account on delisting.
Lionsgold then changed its name to TALLY..... IWEB subsequently made the name change in my account and the shares are still held on my account but not showing any value.
I am presuming the same will happen to my DEV shares and possible name change.
I have been reading up on Matched share brokers and the below link highlights some of the pitfalls.
GLA
Hope this helps
I have just received this Corporate Action on my IWEB ISA Share account - Think I will hold off doing anything until further news from DEV
DEV CLEVER HOLDINGS PLC - Important Information
Proposed Cancellation of Listing on the London Stock Exchange (LSE).
Important Information & Other Key Dates:
Dev Clever Holdings Plc (DCH) is proposing to cancel its listing on the Official List, and the admission of its Ordinary shares to trading on the London Stock Exchange's (LSE) Main Market for listed securities.
Subsequently, the Cancellation is expected to become effective on 18th January 2023.
You should be aware that if you have not sold or otherwise transferred your shares prior to the Cancellation of Listing, you will not be able to sell or otherwise deal in them on the LSE after that time.
If the Cancellation becomes effective, the DCH shares will no longer be listed on a Recognised Exchange and will no longer qualify to be held within an ISA product. Should you hold these shares within an ISA, we will transfer your DCH shares to your Share Dealing Account once the Cancellation becomes effective. If you do not have a Share Dealing Account, we will arrange to open one for you.
The Directors intend to create and maintain a matched bargain settlement facility details of which are yet to be announced. Once the matched bargain facility has been arranged, details will be made available to shareholders on the Company's website at www.devcleverholdingsplc.com/
Regrettably we are unable to facilitate trades using the Company's matched bargain facility. Should you wish to use the Company's facility following the delisting, please refer to the DCH website or contact DCH for further information on the process.
Please be aware that you may be required to transfer your shares to a Broker that participates in Matched Bargain facilities.
Should you wish to withdraw your shares onto a certificate, please contact our call centre so that we can arrange for this to be done. If you wish to transfer your shares you will need to establish an arrangement with an alternative broker who will then arrange the transfer. Please note that normal charges will apply.
If you wish to transfer your shares you will need to establish an arrangement with an alternative broker who will then arrange the transfer.
Should you retain your holding of DCH, we will notify you on receipt of any further information from the Company.
Should you wish to find more information about the Cancellation, please visit the DCH website, www.devcleverholdingsplc.com/
Thanks for that Womo. Useful to know.
We’ll be fine though as Dev shareholders, we’re used to empty promises, so it won’t be hard to hold for four years…particularly as most are probably beginning to accept that their Dev investment has gone and are now living in ‘Hopeland” as I am.
As for the Bargain Basement Facility….they won’t care about setting that up. The deep pocketed big shareholders will invest more and be more than willing to wait, 2, 3, 5 years and won’t be selling…if they can.
FYI Interactive Investor have messaged me to say that I need to move my shares to a new broker who deals in unlisted stocks. All fun and games!
barnard, I would say Yes! however Tally is really struggling to raise the money to re IPO even though it is a currency directly linked to GOLD.
The most difficult thing to take over the last four years have been the false promises....But! will it have a happy ending.... Fingers crossed.
Thanks for that Womo. Don't know anything about Tally , is it in the directors, large shareholders interest to relist. As here we have quite a large group of key holders and their families who I would imagine they want this mess sorted. Cheers.