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Just had a message from HL about I cannot hold these shares in a Stocks and Shares ISA and I have 30 days to remove them after 18th January 2023, HMRC rules. I have absolutely no clue at all what to do, any help would be greatly appreciated.
..or down 95% in a year. Bit negative way of looking at things on my part. Suppose I'm a glass almost completely empty sort of person.
well done barnard thanks again
It will be helpful to keep the dialogue open to see if us as private investors can realise some value for our DEV shares. It seems that we are therefore waiting for information of an alternative trading platform, do we need to request a share certificate from HL in order to sell on?
This board is staying open. I emailed and asked.
Don't hold your breath though. It is what directors sometime say when cancelling a listing. It makes it easier for them to slip in to the night. That is what AAA directors said when they were cancelling - way back in July 2021 (still waiting for this "matched bargain facility"). To be fair - I don't think there would be a market - who would be on the buying side ?
Thank you barnard much appreciated. Lets hope for the best.
I just hope this bb stays open so we can all at least keep communication open that might benefit holders.
I've transferred my ISA holding into a fund and share account as delisted stocks cant be held in ISA'S..regarding selling I believe the company Will release an RNS before delisting..but if they bother or not is another thing.
I hold my DEV shares with HL. Is anyone else in the same position and how can we go about selling.
Any ideas would be welcome.
Thanks
It wasn't an AIM listed company..with it being main market listing and the positive tweets and yes ramped by some large shareholders it looked good. Also comparing to other SAAS Edtech company's we looked to be onto a winner.
The global growth and uptake all seemed positive...if we have been shafted the social media accounts Veative,LMS,DEV Clever will be trolled..believe me..
They’re planning to delist by the 18th of Jan so it should be before then. This is Dev though, so we’ll probably hear something by July 2023. GL
Hi
When will we know which company (if any ) we can sell this stock through?
Sadly I think you are correct. We’ve be done over well and truly by the feckers and corrupt AIM. Happy Christmas (except for the w*makers who ramped the hell out of this in cahoots with corrupt BOD and MMs)
2023 resolution. Gets out of all AIM stocks. My pf is a litany of disasters Mtfb, sng, czn, pqef, AAA…..
Merry Christmas all
For me it goes back to around January 2020. A few professional rampers seem to appear on the scene. They did the same thing to AAA and of course have history before then and they continue to do so. They are full of puffery and usually the target company is blown up to incredible prices all on hype. Lets face it everyone, this company was never worth 250m or a fraction of that value. But these characters have a following and seem to have a way of disconnecting share price from any sense of reality. They do not seem to worry about reputations - to be honest their followers seem to be oblivious to past dealings or maybe they hope to get out whilst the inflation process is in motion. Chris Jeffries did do quite well from the selling of the shares. Looks like he banked £4.5m - I guess being the director he knew the true value of the company. He was selling at 1p so that option at 8p must have been sooooo tempting. Maybe he should have known better but hey it would have been hard to resist. GLA and as the previous poster said, there are more important things.
Similar to you Bagzzz 6 figure loss , this is annoying me more as time goes on , I’d love to see a recent share register to see who got out in time . There was no clue a few months ago in August when the RF funding was announced , although not ideal all seemed at least in control , how many companies have resisted after this voluntary delisting especially after the long suspension when most investors had little chance of selling . It’s frankly disgraceful even if the sp would have fallen on relisting , mind you a number of big investors and posters reputations have been destroyed not that they will mind if their money is safe . Great Christmas present for honest investors !
Agreed bagzy, it's an I'm alright Jack situation and makes a mockery of the stockmarket and honest investors.
The longer the suspension went on the clearer it became that the kak was going to hit the fan but we had and have no way out.
Daylight f'ing robbery.
Anyhoo, we still have family and stuff so chin up and time to crack open the beer for Christmas. Take care and all the best.
Yes I totally agree. As I’ve said a few times, someone (Veative) will make a lot of money out of Dev at our expense. Something I don’t think I’ll ever truly come to terms with. Chris Jeffries ought to be looking at a criminal trial “catch me if you can!”
As an average hardworking, honest bloke, how do you get over a 6 figure loss, that you had no way of preventing for a year? After, being what felt like being close to getting a nice new car, paying a chunk of the mortgage off and putting something aside for the kids.
I re-read the pre suspension RNSs and for me there was just no clue over what was to come. Read the research note from Nov 21, only 13 months ago.
https://acfequityresearch.com/wp-content/uploads/2021/11/Dev-Clever-DEV.L-Initiation-ACF-Equity-Research-Corrected-FINAL-02112021.pdf
After reading that again it is clear that we’ve been conned! I genuinely think this was the Devclever / Veative strategy for 2 years. It’s criminal! You just have to hope that karma visits the BOD, and particularly Chris Jeffries, in abundance! It won’t but one can but hope.
The issues with an alternate trading facility:
1) Spread will be huge as market will be small
2) Fees likely to be high
3) Broker has to recognise trading platform, if it doesn't you'll have to transfers your holding to some other system of trading your certs and the management fees will be huge.
These shares are dead to me now and they are f'ing useless and pointless.
We have been scammed basically IMHO!
Assistance in being ripped off,big of this company although long outstanding communication will be a novelty for them..
Dear Pello client,
The company have issued the below-
THE BOARD INTENDS TO USE REASONABLE ENDEAVOURS TO CREATE AND MAINTAIN A MATCHED BARGAIN FACILITY TO ASSIST SHAREHOLDERS IN TRADING IN DEV CLEVER SHARES FOLLOWING THE CANCELLATION.
Details will follow to all clients next week.
Interesting and worth a look.
https://jpjenkins.com/our-companies/
Wonder if we’ll be added.
Interesting reaction to delisting. Although different circumstances I’m sure. Can’t find a recent share price. Holding onto hope, but……I’m still a realist!Shares in GYG [LON:GYG] saw something of a rebound today as they announced that following their delisting, their stock would be tradable on a matched bargain basis with JP Jenkins. This evidently offered up some support as a result, leaving the stock to bow out at the top of the table, some 40% ahead, albeit on an incredibly wide spread and off the back of limited trade.
Olives if you were buying now how much would you pay?.. nobody knows that. It will be interesting to see if there are some large trades go through when they can be traded and the appetite for them.