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There appeared to be some grey market trades on the 10th September for 0.6 and 0.75p. That will be near the nominal value I should think.
15 October 2020
Finablr PLC (the "Company")
Update on Proposed Transaction
Further to the announcement on 6 October 2020 (the "6 October Announcement"), the Company today announces an update on its proposed sale of Finablr Limited to Prism Advance Solutions Limited ("Prism" and the "Transaction").
The Company's discussions with Prism are continuing as the parties work together to determine an optimum structure for the Transaction, taking into account all applicable regulation. The proposed core terms of the Transaction remain those set out in the 6 October Announcement, namely the restructuring and settlement of the debts of Finablr Limited and its subsidiaries, the provision of working capital for Finablr Limited and its subsidiaries and the restructuring of the board of Finablr Limited and its subsidiaries, and will involve only nominal consideration being paid to Finablr plc.
While the parties are working to resolve the detailed structure and terms of the Transaction as soon as possible and within the four-week period referred to in the 6 October Announcement, there is no guarantee that definitive documentation will be entered into within this timeline.
The Company will provide further updates to the market as appropriate.
END
"and will involve only nominal consideration being paid to Finablr plc"... in other words, our money has gone... another example of legal theft
Lol
"Mr 2posts on a suspended share. LMFAO"
You can LYFAO all day long, you are still deluded dreamer with your "100p". Sober up.
Mr 2posts on a suspended share. LMFAO
"Could open up 100p"
They already lost Travelex and have like a billion (or more) worth of debt on their balance sheet. Stop dreaming.
Looks like a few derampers on here. It's suspended. Nobody knows what is going on in the background. Could open up 100p or 1p.
Expected*
80,000 shares. If I get anything around 5p I would be delighted, expect absolutely nothing from this!
‘Deluded’ chill it’s suspended Raul/deramp nothings going to effect anything. It’s being sold in less than 4 weeks so take a back seat and watch this unfold...whatever it may be accept and move on!
What ever just hope we get some gravy back of the dirty thieving a-a-s.
He must have meant the 13th then.
Coggy, reece clearly said he "bought 12th March for 5p and 17th March for 5.6 and sold on 17th March for 17p".
How could he "buy" on the 17th of March for 5.6p? The date you buy is the date you buy, and has nothing to do with the settlement date.
The post reece made just doesnt make sense.
Thanks goggy ,don’t know why some doubt folks buy and sells ,everyone in it to make money ,I did well out of fin ,but lots didn’t ,hope everyone gets something decent back .
17th March will have been his settlement date.
Think he's just got his dates wrong. I bought for about 5 5p on Thurs 12th. I watched on Friday 13th and SP went up to around 20p eventually settling around 11p. Then suspension on the Monday.
I am sorry but you guys are completely deluded if you think you are going to receive any meaningful offer from this company. They've been treating shareholders like s#it for quite some time and i'm afraid this time is not going to be any different. They are a bunch of thieves and liars. BOD / owners lost all credibility months ago. What we are witnessing now is another daylight robbery and there is absolutely nothing you can do about it.
“BRS Investment Holdings, a investment company for B.R. Shetty, controlled about 65.3 per cent of Finablr,” said Vijay Valecha, Chief Investment Officer at Century Financial. “The owner of UAE Exchange had defaulted on $300 million of worth of loans in the first quarter and some serious accounting issues were also uncovered. “Under these circumstances, Shetty or his personal creditors - institutions that have given loan against pledged shares - are unlikely to be a beneficiary of any corporate transaction. In any case, when debt is restructured, it is the creditors who get the priority, and not the shareholder. “In this case, Shetty, or for that matter any other common share holder, will be paid only after the debt is settled. Given the magnitude of Finabr debt, the common shareholders are not likely to be left with anything.”
Rotschild / Israeli involvment says it all - they will milk it dry giving you a 1000 reasons of why the offer is so low. They are not some benefactors coming here to rescue the company settling all the massive debts and making shareholders happy in the process. They are who they are for a reason and they are here for one reason only - to take predatory advantage of the desperation and make as much dough as possible. Christmas won't come early I'm afraid. We might get some pocket money at most but it will be an absolute minimum.
d4ve is correct. I bought on Friday 13th March and they were suspended on the Monday morning. It would have been impossible to trade them on the 17th.
In fact, I remember it very well because they weren't suspended until 8:52 and I was in a dilemma whether or not to sell them.
I’ve checked on my Hsbc trade history .
Not bull**** ,that’s what I paid and sold same day ,if you were invested then and watched you would of bought and sold also .
reece, can I just remind you Finablr was suspended on the 16th March. Therefore you could not buy or sell on the 17th.... please take your bulls$%£ to another place
So reece, your saying you bought on the 17th March at 5.6p and sold the same day at 17p - you must live in the same house as Mr Bull...
A lot didn’t show up on lse ,my buys and sells didn’t .
I checked on mine ,I bought 12th March for 5p and 17th March for 5.6 and sold on 17th March for 17p ,have some free shares left ,so it was possible to buy for 5p .