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All sorted and shares issued, price now at 35p so drop today
I'd just wait, in the next 24hrs they should square it all away as announced
Trying to fathom out my holding, still showing Fox Marble on AJ Bell but shares not active. Not seeing and reissued shares in ECOB as yet? Anyone help?
Tomorrow is only guaranteed to bring ECOB into play. I've tried working out what the sp could but have given up now - divide by 13 then group by 659 then one preference share for each held....
There is nothing to suggest outcome of litigation is due any time soon. Just that the records of shareholders due a share of the pay out gets set as of today. Anybody holding today as of 6pm will get a share of the payout but that could be in 10 days or 10 weeks or 10 years.
Its hard to see what's going to happen. I assume Dentons will walk off with an eye watering fee if successful, but if they are successful I doubt anyone here will mind (including me). I have my doubts they will be successful, I imagine getting money out of a questionable government will be like getting blood from a stone. But as others have said Dentons didn't take this on as a lost cause. Being realistic 195m isn't going to happen, that's just an opening shot across the bows. As we closed tonight market cap was about 5.5m, so even if we 'only' netted 25m its still a 5 fold return for anyone investing today, plus of course the interest in the prefab buildings.
Imagine Earl holding, he'd lose patience after 8 hours and sell out for 1p.
Anyway one day it went from 1p bid to 8p bid and next day 12p bid and 40p bid 3 months later, they settled out of court with Seagate, big gains can happen but they take years so ignore earlofnopatienceIsellfor3-5%
Lol Earl with the usual massive price targets when he cannot hold anything more than 1 day max. My biggest ever return was a litigation play Rodime back in sub 2000...I held it years...in a 9 month spell it was 1-1.5p and had about 3 trades in 9 months...imagine
It's already been going since 2012! If you hold shares at 6pm tonight then you get the divi tomorrow.
So chaps, that's all done then. I have retained a little tickle (100k shares) having sold then bought today and earned the price of a curry and a few pints (including a starter and poppadums).
So since this is a reverse takeover I assume the ticker will still be AIM:FOX, and we have to divide our current holding by 51? Feel free to call me a complete idiot and correct me.
John
Interesting deals today and spread widening - but just added 100k at just 1.35p !
So what will our shares be worth tomorrow given the MM seemingly doing well out of us ?
Ecob has 114million worth of orders in BAG....1st payment in Q3...more orders to follow...
Modular Housing MARKET set to grow....over £160BILLION byb 2027
But that's the point. Nobody knows of it will be 10 years or months or weeks. At this point ECOB is not going to generate significantly improved shareholder value compared to today.
That would be my take on the price today.
Applebee
who said ten years?
could settle in 10 months,
it's Kosovo Government involved with British Lawyers.
Kosovo has lot to gain from this.....
like.... it will send message to international investment community of Kosovo law and fairness.....
CNo-one knows how long the claim can take....key is IF they win.....for you to get special divi....of possibly anything between £100m-£170M u have to be a holder by end of today....if you are not....you get nothing....
KEY is.....u will be ring fenced after today...to be eligible for payout on WIN basis.....and more importantly....you will automatically be a SHAREHOLDER in ecob....which lists tomorrow....80&-85% shares in ecob are taken by big boys...and will be locked in for 24mths....FREEFLOAT will be only approx 20%....
Mannnan
hello....nice to hear from u....been long time...
But that claim could take another 10 years to settle
Casper786
Hello there
If most buy £1000 worth of shares then expecting huge return on $195m compensation, and if no win, then business will be significantly higher than today's SP.
one of the safest companies out there!!
If you want the chance of wining part of £170M package ( litigation payout )....
You must be a holder by close of today...
You will also get shares in new company ecob...
GL
No risk on the compensation part
€195m is being fought by one of the best lawyers in the world of litigation.
plus its no win no fee for the fox marble.
tomorrow fox transforming to Ecob.
massive potential for UK, Spain and other European countries to build Eco homes urgently as needed in the UK.
Can see 2p plus coming here this afternoon for sure!!
This should squeeze far higher into close, who in the right mind is going to sell to give the market shares before 4:30 today
2p is on the cards and that’s still only £9m market cap with potential dividend of €195m
Ecob holders will be locked in for 24 months
that's 80% of the free float
The market is in trouble here. They have no shares and nobody is going to sell today and miss the opportunity of a €195m dividend. - 3000% dividend
On the move on low volume. Last day to buy golden tickets. Denton put in their own money in legal case. Potential of £195m pay out before costs. Company valued at around £4.5m.