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So, the second meeting is to declare, if approved, this delisting a "special " delisting... if this second vote not won by them ..
They'll have to pay up for the stocks...?
Pip someone out there for heavens sake put me right
Pip my dear man I sense the tides aturning..
There is no offer!
Even delisting happen sp will be higher with offer.
I'm sure anyone who is eligible to vote has already done so. Seems MMs aren't interested in creating a market, so not much we can do but wait for the AGM result. If they don't get their delisting, then I expect a sharp rise.
Will be interesting to see what happens with PTRO today. Their AGM is at 11am and is also about delisting. Their mcap is £655k so close to FCRM. The spread is 60% there so even bigger than here. Will be watching that one closely.
GLA DYOR
Pip I would encourage ppl to go read the rns s and look at the companys website then make their choice. Just participate. I won't go into assets turnover . Just go make a choice about your darn money
Btw if you have electronic shares you can vote via proxy..call corporate actions team at HL ii whichever one you use they can do it for you. First person you speak to might not be aware of this, ask them nicely to ask a team member.
Buy back the shares with what? Why would anyone consider lending to a company that has consistently gone backwards. FCRM has turned healthy profits into substantial losses year on year for 5 years. The majority shareholders used the company for their own benefit and stripped it bare in the process.
What would you like to debate?
Make noise. Which company will want to give them contracts knowing they treat ppl badly?
Think Barclays shareholders would allow this?
WHERES THE DEBATE?
Sorry I'm sick and tired of the entitlement allowed on AIM.
Vote!!! go to the GM in London on the 26th September. Ask questions
11am btw
Drop the apathy people a week to go start screaming for your cash
Too quiet here peeps.
Not good to be this quiet when your hard earned is at stake.
What I'm wondering though is considering their turnover, wouldn't it have been easier to make a clean break and buy back the shares?
And what's with this story of "we might find it difficult to raise cash?" In their industry? Yes Sunak trying it on today but even in the RNS they couldn't deny the stonking possibilities ahead.
Thanks B-I
Hope you all vote. Plenty time left
Sp deliberately kept low by selling small amounts.
Thepipersson,
You can invest in AIM or you can make money, but rarely can you do both. I'm sorry people have lost money here. Sadly, that's common for most AIM stocks. They should be for trading only. I only made money on one AIM investment, and that was BEN. which IPOed at just 10p and reached £1 six months later. I sold around 85p. AIM should generally be avoided for a long term investment. You're better off with a FTSE dividend stock for that.
What's odd here is the mcap. I've been involved with a few of these de-listing stocks, and rarely do they go this low before the vote. I think the lowest I've seen was around £1m. This went down to £530k mcap on Friday. The price action has been very odd. I've seen buys above ask, small spreads, massive spreads, it's all over the place. It's hard to know what's going to happen next. They have 57% of the vote and they need 75% for it to pass. I'm not convinced they will win. If they were going to convert the CLNs, they would've done it by now to guarantee a vote win. Only 7 trading sesssions until the result. I'm hoping there will be a trading opportunity here for all of us soon. It's hard to say if that will happen but I'm reasonably optimistic there will be.
GLA DYOR
I don't think people appreciate the disaster this company has made of PI's investment over the past 5 years.
If you bought 500,000 5 yrs ago you'd have lost £225,000!
A company with needed services!
I feel before voting we will see sp up to 0.5
£20m company with current mcap of £800k. CLNs highly unlikely to be converted until after the meeting on the 26th, IMO, as they don't want to have to do an open offer for current shareholders at the same price.
Spread now 0.17p/0.25p Something forced the ask up massively from 0.20p earlier, yet no corresponding trade has shown up. Will it be a delayed trade? As I've suspected all along, someone perhaps accumulating stock. I think the next 8 trading sessions could get very interesting indeed.
Information I got copied from Gov.uk regarding delisted gona private companies.
The reason delisting for the benefit of holders they claim. Some how investors keeping their shares in company should be revarded. Either dividend or value increase of their holdings in company. Opposite they fail, we loose too.
Thanks for quick reply ; can I get LSE to act as my proxy ?.
Alibulut: You said: "You must usually pay dividends to all shareholders". I'm sorry but wherever you are getting your information from this is wrong. A company has no requirement to pay a dividend and there are many that do not. Dividends are discretionary and the decision to award them can b philosophical as much as financial - rewarding shareholders through growth rather than regular payments.
If you are hoping for a dividend from FCRM then you are in for a long wait, whether this is taken off the market listings or not. The underlying financial fundamentals are so poor it will take years.
Hi. My acc. with Hargraves Lowsdawn, I voted online at my page. There is other ways too.
Hello alibulit . Can I ask did you get a hard copy or use the telephone ?. Much obliged .
Voted against all resolutions.