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I think 8C will have a good idea what is lined up. they wouldn't put £250K in last year if they didn't know what plan had been presented to them...
hoping it is a multiple of targets to build a group that inter-twines with each other..
A
B
A
L
Not a lot of interest so far today apart from a few small sells.
We will probably have to wait for after the meeting and completion of disposals before we see what Angus Forrest has in mind for the company. I would imagine he would have a very good idea.
The company will then have more cash in the bank than it's present market cap. Interesting times ahead.
To be honest Mr Yorgi I've seen people buy shares in companies just to block motions that they didn't think were in shareholders best interests despite BoD recommendations to the contrary. So to say trust the BoD or sell the shares is a little blinkered. Some shareholders including myself are underwater here because each rise in share price has been met with placings etc. You're obviously new to this share.
Mr Yorgi - not really sure why the attitude. I want a RNS, you don't. Fair enough.
Stillwaiting - what if you pay for one movie but another movie is shown instead? What's your stake now and how much have you managed to get your average down to? My aversge is still about 1.83p
once approved imtk will be known as abal group, ticker abal.
it's then we see how AF will try to get the price back to his 5p buy in price, the name would suggest a number of entities might get lined up..
iot, machine learning, robotics ?
Hey guys, haven't been on here in a while but still holding a decent amount...is anyone able to provide a rough idea of whats going to happen next? And when they're going to let us know the new direction of the company? Also what does this mean for our shares... TIA
Scully you might need a RNS, the BOD don't consider it appropriate I would imagine, the NOMAD clearly don't consider it necessary and I don't need or expect one at this stage. So no it is not "we"
holding a big stake now and looking forward to company rebuilding....
#2019
Yorgi if they're in discussions we need a RNS saying that
I have posted for both resolutions.
To vote against is basically saying one has no trust in the BOD. If I had no trust in a BOD then I would sell.
I would add that it is clear that the BOD can't release information of what they are looking at to invest/RTO, I would have thought the reasons for that are obvious and on top of course any third party would probably insist on confidentiality at such a stage.
I usually watch at least some of it first.
I'm just exercising my rights as a shareholder. Main event might be a damp squib - you never walked out on a shite movie?.Says in the circular - the £1m cash may be burnt through due diligence and result in no acquisition. The circular doesn't scratch my itch (not crabs).
Weird
Wired that you would hold through all of the hard choices but not wait to see what the main event is.
A bit like sitting through all the adverts at the cinema and then walking out before the film starts.
8C have put in £250k and their remit is to invest in potential RTO candidates...
Here for the main event.
Gla
If the vote is no then I think Angus will leave the company. Unless we receive a clarification RNS about the new direction I'm voting no and I have a good few percent of the company so it must count for something. Not happy about selling without knowing what we're buying. It's like going to a car dealers to buy a Vauxhall and the car I bought is offered to another customer from under me. Dealer says I got something better for you, do you agree to the sale? Dealer is doing what's best for him not me. What if the dealer can't find another car for me and keeps my cash? For all we know the BoD have recommended the sale, may not find a new company to buy, and pay the cash from the sale on salaries, bonuses, etc, how much is for seeking a new acquisition and how much to lune the BoDs' pockets? Not impressed that we haven't had a new RNS. I'm keeping my shares to vote no and then selling by the month's end at a loss at this rate...because I had to stick by my original investment case and this wasn't it.
If the vote is yes we move on, but if the vote is no what happens then ?
If the vote is yes we move on, but if the vote is no what happens then ?
Julian - AA might be tasty for a recovery story, lots of debt though
To clarify I don't think the Bod has just decided to sell the business with only a new business name Abal Group and no business plan. I think they already have a suitor or suitors in mind...i.e. the Group in Abal Group says it all. A big company is in the making here it would seem
Julian that one looks like a falling knife?
Stillwaiting - it makes logical sense that you'd know the potential value of the new acquisition before you recommend a sale of the current busness. From the RNS it appears this has happened
I'm sure they will.
AF took over with co. making large losses, that;s now turned into cash to invest in new direction which bod have said offer better returns.
Abal Group !!
let's see.
Stillwaiting ok that makes sense. But surely you'd have an idea of what you're looking to buy before you sell the old business? And surely shareholders should be in the loop before agreeing to sell the old business.
All we've been told so far is they want to buy something better and to trust the BoD.
Next few days are critical in my opinion as we need clarification on new acquisition. 1.07p just paid. So last of the 1.05p shares. I think there was a webinar coming up soon...was it tomorrow?
complete exit, get cash, sign off on deals for new Abal and new strategy..
they can't proceed with plan unless the first exit is complete... 8C turned loan into shares, they and AF have put in £400K+, they will expect a large return imho.
hopefully next week will tell us more..