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You are winning now scmdcyp
Nearly 61p to buy now. Should end no worse than 60p and maybe hit that 65p and ready for a climb tomorrow
Mandoo, On what basis? Provided IBPO complies with company law and its Articles, minority shareholders don't have a leg to stand on.
Having had a quick gander at a synopsis of the UK Takeover Code, I do see that the code does actually apply to BOTH listed and unlisted public companies (and some private companies) which have their registered office in the UK, Channel Islands or the Isle of Man which are considered by the Takeover Panel (the “Panel”) to have their place of central management and control in the UK, Channel Islands or the Isle of Man (or its shares are admitted to trading on a UK regulated market or a UK multilateral trading facility or on any stock exchange in the Channel Islands or the Isle of Man).
So, despite it still being a public company registered in the Channel Islands (Guernsey), once IBPO delists it would no longer be subject to the UK Takeover Code because (as set out in the RNS) it has no business operations in the UK, Channel Islands or the Isle of Man AND its place of central management and control (based on the current constitution of the BoD) will be outside the UK, Channel Islands or the Isle of Man. The fact that IBPO remains registered in Guernsey is irrelevant. As it stands, the UK Takeover Code only currently applies to IBPO becasue its listed.
The implication in the RNS (the BoD states that the UK Takeover Code will no longer apply to IBPO after delisting) is that the proposed Matched Bargain Facility, whilst it lasts, would not constitute a UK multilateral trading facility. This may or may not be correct (in my view the Matched Bargain Facility would constitute a trading facility, of sorts, but I don't know whether it would be deemed to be a UK multilateral trading facility).
Have a look at the attached: https://www.thetakeoverpanel.org.uk/wp-content/uploads/2022/03/Note-to-advisers_-re-registration.0322.pdf
I haven't got an axe to grind here. I'm merely stating that I would not rely on any courts being able to protect the minority shareholders given that Aggarwal (by virtue of ontrolling more than 75% of the votes) would be legally within his rights to change the Articles (if he so chose) and that the UK Takeover Code would not apply (unless the BoD was reconsituted with primarily UK-based directors). Furthermore, the cancellation of the Relationship Agreement means that there will be no further obligation for transactions with related parties (Aggarwal and/or businesses he controls) to be conducted at arm's length and on normal commercial terms (which basically means that profits can, in effect, be legally diverted to the related parties, if Aggarwal so chooses).
I reiterate again, if Aggarwal intended to treat the minority shareholders "fairly" he would not have pursued a delisting; he would have, instead, made an open offer for the shares he didn't already own and taken the company private.
I am most certainly not delusional but you are coming across desperate
See you later at 65p
Not deluded confident
Some good buys going through blue on its way
65p that’s my prediction for today.
Hit a dry spell, reckon the MM will raise this to get some more off the books. 65p close would be reasonable given where we are.
Please keep posting your negative reviews
The more you do the more notice we will get
Keep it coming please
£1 plus I agree.
I think it will trade between 56-80ish for a few days then by the end of the week we will test the £1.00 plus.
TICK TICK TICK nice move up into the last push for the afternoon. trades.
I may review my prediction later to the upside will hold off for the moment.
Nothing goes up in a straight line!
£1 not if...just when!
BLUE BLUE BLUE
Watch the sea of blue soon....
Nice work! Every time you post it ticks down!!!
The pessimists or desperate are putting it down.
Watch and learn .65p by 3pm
The rampers are running out of steam
This will turn by 3pm we will be up to 65p plus
As is expected with a share with such massive potential short and long term, there is always going to be sharp fluctuations.
90% of the time before a rise a share is taken down...can't think why!
Shenners winning the argument at the moment!
Trades moving up 50 trades in the last hour interest in this coming back a nice day/week trade has legs to move when it moves it moves fast.
65p/70p we will be at close.
Some good buys this morning we will see a move around 3pm
Watch this space
All day? Merely checking in I’ll see you at .4p at the end of the day. Don’t say I didn’t warn you
Haha shenners.. if you do hold here but spend all day knocking the share, and even advised people to sell up a few posts ago then you are even more pathetic and deranged than you come across... and trust me that is massively.
Go away