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Started: Sid11101976, 5 Jun 2023 11:13
Last post: unvrkw, 5 Jun 2023 19:32
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?
Started: EarlofAim, 1 Jun 2023 11:44
Last post: applebee, 1 Jun 2023 22:04
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
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
Last post: TeaJaybags, 1 Jun 2023 20:13
It's already been going since 2012! If you hold shares at 6pm tonight then you get the divi tomorrow.
so I sold out today good luck to those left invested down about 10k overall but I'm up elsewhere so I guess that balances out the investment karma, maybe they will recover but I'm out of optimism for this share and just glad I've got something rather than a letter from my broker telling me there delisted. looking at other cases of this type some can drag on for 5 years or more so just something to consider if those of you that remain are holding out for a windfall court result. Farewell all.
Sadly with cash having been at 0.8m at the end of May, unless things have looked up it could be placing ahoy unless they have found another way to raise some cash. I say this as a suffering shareholder - it's bottom drawer time atm.
its not unviable if people still want marble as its some of the cheapest in the world. cost of shipping same everywhere bar local of course. be interesting to see
Freight costs have made this business unviable then, that explains the market viewing this as a total POS with no floor in SP.
Updates on court case would be welcome, the increase in SP on a decent settlement here is huge, otherwise an utterly un-investable company.
Started: Casper786, 1 Jun 2023 12:13
Last post: Casper786, 1 Jun 2023 12:20
Mannnan
hello....nice to hear from u....been long time...
Casper786
Hello 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
Started: EarlofAim, 1 Jun 2023 10:42
Last post: EarlofAim, 1 Jun 2023 10:43
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.
Last day today 1 June to get in
deadline 1 June 6pm for $195m compensation!
no win no fee
Started: M0neyMan, 1 Jun 2023 09:50
Last post: Radika, 1 Jun 2023 09:53
I bought @2p but surprisingly not many pi’s are buying,.See what next few days bring . When do we expect to see result of litigation?
Cannot buy in quantity. Hope we can get to 2p + again.
Started: EarlofAim, 31 May 2023 11:57
Last post: WelshBen84, 31 May 2023 19:01
It’s tomorrow. See the update RNS
26th May was
Is today last day for Dividend?
should FOX win £195M Compensation from Kosovo Government?
Started: EarlofAim, 31 May 2023 12:00
Last post: Radika, 31 May 2023 16:29
I am surprised pi’s are selling and not buying. Are a lot of interested investors loaded?
Found this info on twitter
4.5m market cap
$195m settlement fee
20% settlement = 600% dividend
No win no fee
Fabulous Risk V Reward
June 1st Ex-Dividend date to any winnings from the court case that is the cut off date.
#FOX
Started: SteadyAIMfire, 30 May 2023 12:59
Last post: Wilks270689, 30 May 2023 14:07
Yea same
Anyone else been stopped now from trading?
Last post: WelshBen84, 30 May 2023 09:00
Also of course if you are interested in get a return on the litigation, rather than getting out on a spike in the next 3 days, it’s actually better for the share price to remain low on the 1st: you’re sharing the returns with fewer investors.
I think the recent ‘pump and dump’ spike has masked a decent risk vs reward investment
Fox is not on Pi’s radar. Not much going on here . Three trading days left before record date
In the summary of recent posts from Fox - it goes through stuff we know eg June 1st 6pm is closing time for share holdings to receive any proceeds for litigation - there was something new. That is that Chris Gilbert will no longer be a director of the new company. I’m not sure how I feel about that.
As a lth, I think you’ll find the share was north of 20p at one time. Otherwise, I’d be posting this from The Bahamas!
Last post: TruroTrader, 28 May 2023 10:52
Nobody knows
Will we know result of litigation?
Started: WelshBen84, 17 May 2023 07:40
Last post: sharepoint, 19 May 2023 12:21
Just bought some more, having looked further into the RTO. I think this will start to move next week.
Imo litigation of possibly 10-20+ bags is a BIG BONUS...
If you do your research..you will see....post admission i.e 2nd june onwards....80%-85% of shares will be locked in for 2 years...55p could easily become £5 £10 company within few years....i wouldnt be surprised if this became a MID-TIER company down the line...
GL
Yes, think that explains the ongoing weakness. Plenty of time before then, although I would say the time to buy is well before the potential excitement in the run up if you’re in for the litigation.
It’s not next week it’s June 1st, see Rns from yesterday
The record date is pretty soon now, middle of next week. When that is passed the shares will theoretically drop due to the lack of exposure to the Kosovan litigation. Worrying, because they are going in the wrong direction just now.
Started: WelshBen84, 19 May 2023 10:04
Last post: WelshBen84, 19 May 2023 10:04
I’m not a trader but 7% down by lowering the bid on 3 small trades feels overly harsh and like someone is fishing for shares.
All my opinion. I’ve called this one wrong so far.
Started: Deep-Sea, 18 May 2023 13:20
Last post: Harvey03, 18 May 2023 17:52
I received the same message, sorry does anyone have any idea what this means?
I have about 10, 000 shares which cost me £2k a long time ago, I’ve bottom drawer’d them. Are they lost entirely?
What is happening?
The Board of Fox Marble Holdings plc has announced a reorganisation of the company's share capital and is proposing to change the company name to 'Eco Buildings Group plc'. Shareholders as at close of business on Friday 26 May 2023will have their holding subdivided then consolidated, effectively receiving 13 new shares in place of every 659 shares previously held. Each share will first be subdivided into 13 shares, then every 659 shares will be consolidated into 1 share.
The new consolidated shares are expected on or around Tuesday 30 May 2023. Please note we will credit the shares to your account upon receipt from the registrar which may not be before8.00am on 30 May 2023.
The consolidation and name change is subject to shareholder approval at the Annual General Meeting on 26 May 2023. If you wish to vote, you'll need to do this before 1pm on Monday 22 May 2023so your vote can be passed onto the company before the shareholder meetings.
Think we might see a move here in coming sessions as the dividend record date is next week. Added a few for the long term pot.
Read comment by@Moilgas on 9 may.
Don't understand your comment: there has been no out of court settlement as yet
Did Kosovo government want this out of court settlement?
My guess / hope is that those who want out have sold and those who want in either are in or know they have till the 26th. So I’m hopeful for the price to tick up as those who want to be in but haven’t pulled the trigger yet outweigh those still in who want out.
Started: Fredluck, 13 May 2023 17:45
Last post: Fredluck, 13 May 2023 17:45
Let’s now speculate on the outcome of success in the action against the Republic of Kosovo. The claim is for €195m which has undoubtedly been ‘kitchen sinked’.
FOX will shortly no doubt be funding the litigation by way of a CFA or DBA deal and we should therefore assume that anywhere between 30 and 50 ( at the extreme) percentage goes from any settlement. Then there are the original litigation funders who take a max of £1.75m.
For the sake of illustration, let’s assume a deal is done equal to £25m which would reduce to £13.25m IF a 40% contingency fee is taken. This would equal 3.17p per share pre the reorganisation. An extra £10m on the deal would add another 1.44p and the opposite if only £15m were achieved.
It is notoriously difficult to judge the possible outcomes of litigation but the upside for shareholders on the register before the cut-off look attractive relative to the current SP IF the company wins the case.
Started: hectordog, 13 May 2023 13:17
Last post: hectordog, 13 May 2023 13:17
As a long-term holder of Fox I had got to the point of fearing for its very survival but now we can start again with a totally different proposition. One of the major US investment banks identified modular housing as one of its 10 significant investment themes for 2023 and that is precisely where the ECO deal takes FOX. Anyone with a close involvement with the building sector will know of the frustrations of materials supply, costs and construction times. Yet with ECO, the main element of the structure is made in factory, pretty quickly, out of material which is very cheap and easily available throughout the world. It should revolutionise the way large scale housing projects are constructed.
Of course, the new management team has to perform and only time will tell on that.
And then we have the interesting litigation situation. As was made clear in the 5 May RNS, the record date for entitlement to any net proceeds of the litigation is 6pm on 26 May. There are therefore still 10 trading days during which FOX shares can still be acquired which will acquire these rights. The litigation is against the Government of Kosovo which may have thought FOX, then capitalised at around £4.5m and looking all but bust, as simply an irritation that would eventually disappear. They are now faced with a company with a Cap potentially at £54m based on the Friday close which is a premium of 41% to the pre-suspension price. I suspect they are going to take FOX/ECO a lot more seriously now, especially since the new board has Dr Shala as a NED given his previous role as a member of the Kosovo Government!
All in all, a very interesting situation..............
Started: Goliath., 11 May 2023 10:23
Last post: TruroTrader, 12 May 2023 19:30
If you ask Dentons, the solicitors acting for us, they will say when. They would not have taken on the case on a no win no fee basis. We attracted certain investors who provided the seed money to allow Dentons to assess the case. They would also say when. To me the biggest unknow is how much!
Someone on Twitter says WHEN we win the case. So is it WHEN or IF?
1000% is if they win the litigation, the 100% is a given on the rto
Hi Goliath, I'm curious - what will drive this 100%?
Certainly the share consolidation will have an impact.
Started: fuelforlove, 10 Apr 2023 15:56
Last post: WelshBen84, 12 May 2023 11:29
Still waiting on that TR1 with interest
Most definitely a buy at that price.
if it had been a sell then the MM's would have either taken the trade at a far lower SP, or there would need to have been absolutely loads of buys way above 1.75p to cover the MM's purchase.
Most definitely a large buy. I actually suspected we would see that yesterday
17.5M = OVER 4% of shares in issue...
EXPECT ...BUYERS TR1 ...soon
GL
That 17.5M is 100% BUY....see below.....at the time price was 1.65 vs 1.70
look at how next 40-50mins played...it SHOT UP all the way to 1.90p BUY..also note 9mins before that trade ..shareprice was 1.45 vs 1.55 and it went to AUCTION...came out...there was a UT trade at 1.70p....shareprice shot up....looks like ORDER HAD gone.
£300k is not small/loose change...someone is confident...maybe of DIVI PAYOUT...goodluck to them...
https://www.screencast.com/t/eqE72AK6s
https://www.screencast.com/t/84YEsuou
https://www.screencast.com/t/wInKlua5lOpf
Yes, oddly it might be better for tomorrow for it to have been a sell. Might have been dragging the SP down.
How likely is FOX going to win this case?
Started: ria20, 9 May 2023 11:18
Last post: dactions, 9 May 2023 19:11
Sorry ma’am - but please keeping checking those charts - I’m keen to see the sp keep climbing :)
Dactions....by the way im a lady not a bloke....we have got a long to climb up and 3p will come very soon
Earl calling somebody else a "rampit" the sheer arrogance of this person.
Whatever his expertise, as a lth myself, I wouldn’t mind seeing 3p again after all these years :)
Oh I know he isn't a chartist lol just using that line to ramp
Started: Goliath., 9 May 2023 17:35
Last post: Goliath., 9 May 2023 17:35
Exciting future here with the new company with a big order book and huge payout for those on the books 26 May
--------
The Company believes the Kosovan Government to be in clear breach of its responsibilities towards the Company as a foreign investor in Kosovo and that this action is in the best interests of its shareholders and employees.
Must pump harder
TruroTrader I see that you're in profit now....good to see
Ria20. 11 green boxes already this morning - total rubbish.
Ria telling ppl to not talk about other shares but is the biggest cross ramper i have ever seen
Some chunky buys today
Started: zebbo, 9 May 2023 16:38
Last post: zebbo, 9 May 2023 16:38
As expected. This is fully valued at 1.8p, minus any claim. So a flat out gamble. Those who got in early "the pumpers" did well. The uninitiated will take the pain, haha, some never learn
Started: Casper786, 9 May 2023 14:04
Last post: jester16, 9 May 2023 15:35
Where did you get your date from?
If you are holding at 6pm on this day...you will be eligible for MASSIVE PAYOUT...if fox wins case...
IN FACT you could be making 5 10 15 20+ BAGS depending on your ave...
BEAUTY of this is....there is hardly any risk....by that i mean....you will still be HOLDER or rather on NEW COMPANYs register.....anyone by shares under new company will not be eligible for PAYOUT!!!...yes consolidation will reduce your holdings but at same time...SHAREPRICE will increase manyfolds...
MANY CONTRACTS already in BAG....more to come.....whats not to like
BUY one get one FREE
HAPPY DAYS