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Hope so bloomy, as said when Mr Market questions the company as it did with WRN when it went ballistic, they did not give a satisfactory answer and the Market suspended them pending an update that never came. 😲🙄
In most cases, the company provides an instant update RNA Message over the rns news wire, no known reason, perhaps with a re amplification of recent RNA comments, or fesses up to something in the works , that appears to have leaked.
All we can do now is wait, hopefully only until rns o'clock 7am tomorrow, for a more meat on the bones update, which required some i's and t's crossing (legals/nda stuff) so could not declare this afternoon. 🤔 ........GLALTH
Bad enough they kept death spiral scum EHGOF in tow, without this occurring , before they have even got started. 🙄
Why we’re IG not allowing any buys I tried at 1.95 p . Message came up IG not allowing buys ! You guys obviously had no problem !!!!???? Answers please
And many are a lot, lot less than those timeframes , for RTO the suspension is usually to get the deal DONE, that takes time and sometimes never even happens, the return to market is 4-5 weeks, involving the final 2 steps of IPO with a NEW Prospectus. So an RTO suspension is straightforward, IF they are not telling porkies about the situation, advancing to a deal soon, then have their houses in order , for previous years results etc, if not the FCA will push them away and say come back when you do......have all the info we have requested.
Slow RTO down to bad management in all cases, good ones I have been in took only a few months and a month of that is the final 2 step stage to clear prospectus (2-3 weeks first time clearance/or denial) and then apply for readmission to Market (10 working days) 😉
Given as: OTHER - IN RELATION TO A LISTINGS DECISION
From LSE suspensions and restorations document
It’s suspended pending clarification from the company , probably as simple as yes we have news (then opens up ) or more likely sadly , we have no knowledge of any thing and it opens back down at 2p hopefully the first case . Time will tell
Here's how it works, when a share roars, with no recent news release, Mr Market asks the company the question, it is then down to the company to respond (often a no known reason response) to satisfy Mr Market, or a quick release , actually we have been.........
In this case it appears , no instant answer forthcoming from the company (might need time 7am rns) so Mr Market has initiated the suspension...........so now we wait.......for news update GOOD or BAD............GLALTH
Temporary suspension, good or bad? Let's hope it does come back and do a WRN, but I doubt it. If it goes down the pan this time, please stay there.
I thought ICON was Main Market.
@12.15 today someone was doing the rounds, across many sites, saying a buyout of 2 million, the share price was hovering around 2.25 at that time.
That poster had only opened his account name 2 days ago, and only 14 posts.
If you look everywhere around that time, that poster doesn't exist anymore.
So 1# this poster knew today it was going to be suspended today, and got in the rounds to make a quick buck. Very suspicious, whom would of known this info 🤔.
2# could be a buyout on the horizon 🤔
3# why has this poster disappeared from the sites 🤔
Denotes the security is being admitted to trading on the London Stock Exchange, a Recognised Investment Exchange.
Is it changing to main market??
Yes! ashden, I'm still here xxx
The Financial Conduct Authority ("the FCA") temporarily suspends the securities set out below from the Official List effective from 28/02/2024 16:00, in order to protect investors pending clarification from the company:
I hope it turns out well but that doesn't sound too good
Https://www.voxmarkets.co.uk/rns/announcement/8546954d-e61a-4c75-a80c-8c95097fbfa5/
"a 2 million buyout. 20pence"
Stampee, that is also a perfectly reasonable point of view.
Why 7.25
But I like your optimistic side.
My optimistic side thinks 🤔 if we are to believe the story line, from this morning, a 2 million buyout. 20pence.
Although Iconic are not on the AIM market
As I said earlier this morning ,it will be in suspension for months ,many 1-5 years ,it’s just means you can’t do anything now ,unfortunately it nearly always ends badly ,well done on those who made and sold out before close
Who knows - if it is good news it might re-open at 7.25p ?
What are some of the reasons behind shares being suspended?
Broadly speaking, companies have their shares suspended either because of breaking the rules of listing on the market, or pending an announcement clarifying the company’s financial position.
In terms of breaking the rules of listing, trading is suspended to allow the company to formally address these matters of concern to the satisfaction of regulators, thereby protecting current and potential investors.
When it comes to the AIM Market, as well as failing to submit half-year reports and annual accounts on time, other common causes for shares being suspended include:
The AIM company ceasing to have a nominated adviser. If within one month of this suspension, the company has failed to appointment a replacement, then the AIM securities will be cancelled (Rule 1).
The AIM company announcing that a reverse takeover transaction has been agreed or is being contemplated. In this instance, shares will remain suspended until the company has published its admission document in respect of the enlarged group or the proposed negotiations are terminated (Rule 14).
The AIM company putting in place changes that can be judged a fundamental change of business. Under such circumstances, the company must work alongside their adviser to re-prepare their AIM admission document and go through the processes required for re-admission to trading of its shares (Rule 15).
Well they're going to have to notify the market why it's suspended - should be an RNS tonight really!
No telling when this will come out of suspension. Days, weeks, months- who knows!
At least before suspension the price was going up and not down - Fingers crossed it's good news.
GLA SR
Well thats a bit of a blow .........
Was hoping for the same again tomorrow ......
Tomorrow
watch out!!!!
whose buying...... billionaire buying the company I'm holding.... boom
all welcome before British billionaire adds more to his name.
already he paid 4.5p
how sp 1.6p
do the maths
BHL
tommorow c ya!
Your dear colleague is now backtracking and stating he only has a small punt here as it has now gone to 💩. You can’t make Earl and GB up. They need their own circus to star in.