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I am curious how this plays out - I was invested in 2018 and backed the Open Offer, like many other shareholders at 2.5p thinking the ship could be turned around. It has been dead money for 4 years.
There was a line in the interim report in September 2021 about allowing the company ..".to prosper for ALL shareholders" that gave me heart that perhaps the major shareholders/debtholders and the company might reach a solution that is at least partially fair on the smaller shareholders who also helped out in 2018 in the shambles that had taken place.
Like I say, at the end of the day, it was a terrible investment on my part, but I remain with my holding waiting to see what happens and whether there is any honour in the capital structure solution, as undoubtedly the IDE business in its current format offers a good service to some good clients and makes money.
It crossed my mind whether MXC might push for a de-list but offer a tender to people like me at a small premium to 2.5p as a gesture.
Various options but MXC hold the cards as they put the most into the bail out in terms of debt and equity.
When you said you ‘cut your losses’ I thought you’d sold - but obviously I misunderstood.
Another decent day of trading volume - most of the trades appear to be buys so no idea why the share price is down!
1.00 462,433 Sell* 1.00 1.60 4,624 that is why
but look at the buys afterwards
I really was hoping that “towards the end of July” for the results did not translate into the very last minute!!! If there is another issue they should update the markets!
Results tomorrow or a rns to say another delay. but you would of thought they would of put that out today if that was the case.
Looks like an after hours update at this rate - although the company has until the end of August to issue the results, they did suggest late July - perhaps they want to release other news at the same time???
Yea its says up to two months but why put by the end of July if they weren't going to make that deadline? Hope to hear on the De swap too.
Oh well another 4 weeks then
They might have got 3 months as I read this - but applied for two.
https://www.bclplaw.com/en-GB/insights/fca-and-aim-regulation-removal-of-temporary-relaxations.html
They're busy adding extra polish to the turd... and have taken out a loan from MXC to pay for some glitter.
Leaving the results to the very last minute - not impressed - what’s so complicated here??
Nothing overly transparent where Mxc, Smith and Wheeler are involved.
Well, towards the end of August is very much here.
Might send an email lunchtime - there on better news a good reason for a delay although I know of some audit firms who have lost a lot of staff recently
Well sent an email to the company - let’s see if I get a response - not been this stressed for a while so hope the wait is worth it!!
A shareholder address, or the company generally? The lack of any news or social updates since 2020 looks so bad, I often wondered if anyone would even pick up the phone if there was an inbound sales enquiry.
The non exec chairman replied last time …