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This could just be the next NSCI
if it gets blocked ... they only have 72%
Its getting delisted... I think not
worth a small punt. Only 250k MC.
has been voted yet? no it has not so you cannot say that
NSCI was the same filed to come off aim needed 75% votes and some came in and brought a fair chunk and it got blocked... went from 2p to 26p this has the same potential if and it is and if it does not delist, with 10 mill free float would not cost a lot to buy a fair chunk of these and at the moment the shareholders own 72% so not enough
Someone is buying shares. Suspect it's BVTEch? Anyone know how many more shares BVTech need to acheive their 75% to have this delisted? and is there a date for the proposed General meeting?
Looks like we will need to get what we can out of this stock before the meeting later this month.
BVT own 67.1% of Defenx and Stecconi owns 2.58%, so together: 69.68%. They are the only shareholders with >3% share holding so they are over 5% short of what they want to do even if they act together.
someone seems to be in a rush to buy these today.
Stecconi?
9 million in free float now as I own 1 mill
yep what was that 1 code earlier they do come in seen it many times
20 code
1. 100 - I need Shares.
2. 200 - I need Shares badly but do not take the stock down.
3. 300 - Take (or I am taking) the stock down at least 30% so I can load shares.
4. 400 - Keep trading it sideways.
5. 500 - Gap the stock. Gap can be up or down, depending on direction of 500 signal.
6. 505 - I am short on shares
7. 600 - Apply resistance at the ASK to keep the price from increasing.
8. 700 - Move the price up.
9. 777 - Also recognized as a signal to move the price up.
10. 800 - Prepare for an increase in trading volume.
11. 900 - Allow the stock to float and trade freely.
12. 911 - Pending News/Press Release On The Way
13. 1000 - Don't let it run
14. 2100 - Let it run
yes let us see what the day brings and someone could come in with a takeover offer at the levels
or last throw of the dice??? a big pump before the end wouldnt be the first time that has happened.
20 Code .
It’s all a load of bolliiiiiiie
Risky Indeed.
However If DFX does not De-list which I suspect ,there will be Massive upside.
Another 5k buy this morning somebody is accumulating under the radar as there is only 9 mill shares in free float so has to be done very slowly.. I think we could be onto a winner here guys........ buy when everyone else is scared is how you make money on Aim
Something going on behind the scenes, every chance this will not be delisted.
Nothing would be handed back if Delisted it never does.
How ever, there are a few pointers that make me feel delisting will not happen, if I’m correct DFX will Multi bag .
Because the last RNS clearly stated that they require shareholder approval to delist and they intend convening a general meeting of its shareholders to approve the delist, to take place in December 2019 / January 2020. You can't just "shut up shop".
You can easily shut up shop when you need 75% of shareholders to vote in favour and you already have the largest holder with 67.5% agreeing to do just that. If the RNS comes stating the meeting is going ahead then it's all over bar the shouting IMO. I don't quite understand what people are gambling on here?
It’s not rocket science this is why they are taking it private
“ Pursuant to the Distribution Agreement, BV Tech:
i) will have the sole rights to sell Defenx products to certain bodies within the Italian defence, space, national security or critical infrastructures sectors, through to the end of December 2023 for which BV Tech will pay Defenx a total consideration of €1.0 million, to be invoiced in three instalments before the end of H1 2019. In addition, Defenx will receive a royalty fee equal to 50% of any revenues from the sale of its products (during the period to 31 December 2023) to such clients in excess of €5.0 million; “
It’s Cheaper for BV to take it private, take the software and keep 100% of would be royalties .
Once delisted You might get an offer from the company (or BV tech) to buy the outstanding shares but that’s about it. It’s a red or black bet.
Not over to the fat lady sings.
No speeding Ticket . 67.5% is not no where near enough. This is not a forgone conclusion.
50/50 chance but we Multibag if this does not Delist. Seen it many times before.
You can’t “shut up shop” until you have 75%. They don’t have that. The meeting being called in December or January will vote on that. It’s currently November. Hence, you can not “easily shut up shop” without the regulatory mandate to do so. Why it’s so confusing to some that this can’t happen until the December/January shareholder meeting that the Regulatory News Service notice explicitly cites is frankly comical. AIM is regulated. The RNS is a regulatory notice service. The statements made in RNSs are legally binding via regulatory rules. It is not “easy” to break the law without extremely serious consequences including sequestration, prosecution and imprisonment.