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Im a bit confussed with the accounts due, as in that tax year the best part of it we where inthestyle,
i understand they have to be submited, but, not all in itsarms hands , so may be the hold up.
Could be the next day.
As I've said, before trading is allowed to restart the new Directors MUST publish audited annual report and accounts for last year. From the RNS back in Sept 2023...
The Company's audited financial results for the year ended 31 March 2023 ("FY23") are required, pursuant to the AIM Rules, to be announced by 30 September 2023. Based upon recent conversations between the Company and its auditors, the Company will not be able to publish its FY23 Annual Report and Accounts by this date. The Company's ordinary shares will already have been suspended from 28 September 2023, but such suspension will therefore remain in effect until the Company has both (a) published an admission document in respect of an AIM Rule 14 transaction, but also (b) having published its audited FY23 Annual Report and Accounts, in accordance with AIM Rule 19.
We need a little red dot for this before anything imv
Im guessing it was a payment in leiu to zeus, and just been registered in com/ house so can be sold on relisting. house in order.
gla
Not been in an RTO before roger , so appreciate yours and others views , although I entered and held knowing it could quite easily go bust.
Not sure if all that going on is just housekeeping for end game or future plans been prepared .
We all hope the latter.
Just waiting for that red dot now .
Should ITSarm continue its listing before EOP on Wednesday what sort of time scale could trading recommence ?
Anyone else think these shares - 'The Company also announces the issue of 1,630,612 ordinary shares of 0.25p each in the Company ("Ordinary Shares") in lieu of payment of certain creditors to conserve cash within the business.' - may have been put aside for the former directors? they must have been persuaded to let go of the company by some kind of offering from the new directors. Perhaps they were given an indication of what the plan was and felt the chances of success were good enough to forgo their last salary cheques and take this tranche of shares in the new entity. Don't know but if this starts trading again those shares won't be worth much to them until the share price is well north of 3 or 4p. At 4p they'd get about £33k each. Doesn't seem much does it?
Or were those shares for Zeus in lieu of fees? My mind is racing....well, as much as it ever does these days!
Sorry, i don't mean re-listing, I meant unsuspended.
It happens....once in a while....
I have over £10k sitting in this so I am rather on tenter hooks to see what is in store. Depending on what is to be proposed it will be hard to stay away from the sell button once it's past 1p but a part of me feels I deserve more than a couple of £k profit just for being patient (not that I've had any choice).
If it is Bodycare then I will be quite excited to see what transpires.
First of all though they have to submit audited accounts. Can't do anything about re-listing and getting trading going again until that box has been ticked.
Knock me over with a feather, lol,
is that you being positive roger.
gla
Saintsmith - why bother with anything if it's going to be delisted?
This activity suggests something is about to happen. We just have to hope it's positive news for those of us locked in and that trading can begin once more so we can start to make choices as to whether or not we sell, hold or indeed buy more shares in what ever the entity it is being proposed.
Personally hoping for Bodycare rto and Zeus to manage an IPO for about 17p. There, not after much am I?!
Indeed, getting house in order with relevant filings; voluntary strike off suspended... no point doing these things if the company's going to die in three days..
Hmmm, fingers crossed it does happen but not sure if this really gives me any more hope ?
What do other locked in investors think ?
My point was not so much the content of the filing, but why bother if it's about to be struck off?
Website was updated 23rd Feb.
https://itsarmplc.co.uk/investors/significant-shareholders/
Looking like it's about to happen and 99 percent sure it's Bodycare.
This took place in Sept 23 and was RNSd in detail at the time.
from the RNS:
Itsarm plc (the "Company") is pleased to announce the appointment of Zeus Capital Limited as its Nominated Adviser and Sole Broker, with immediate effect.
The Company also announces the issue of 1,630,612 ordinary shares of 0.25p each in the Company ("Ordinary Shares") in lieu of payment of certain creditors to conserve cash within the business.
The new Ordinary Shares will, when issued, rank pari passu in all respects with the existing Ordinary Shares of the Company. Application will be made for the 1,630,612 new Ordinary Shares to be admitted to trading on AIM and dealings are expected to commence at 8:00 a.m. on 8 September 2023 ("Admission").
Following Admission, the total number of voting rights in the Company will be 54,130,610. This figure may be used by shareholders as the denominator for the calculations by which they can determine if they are required to notify their interest in, or a change to their interest in, the Company.
It looks like the shares added to pay creditors and zeus, 1.6 mill,and 54mill ish was the amount before .
but at least movement.
gla
I do hope so. My patience wore thin before Christmas!
Interesting, an allotment of shares dating back to last September has just been filed at Companies House today, something brewing?
Former directors · James Sharp and Richard Monaghan were somehow persuaded to waive their last monthly pay cheques and hand over the company and its remaining cash for nothing. Admittedly the new Directors haven’t made a bean out of it either but those old ones must be fuming and feel they were duped.
… I would say voluntary strike off was at some point instigated by the POSC’s (I.e the Company itself) … hence the word ‘Voluntary’ …
… however for some reason they have asked for that to be suspended , usually to keep the Co going for one reason or another …. Potentially housekeeping of some kind , perhaps linked to other things and we all hope that’s a REPO announcement!
Why would a company be voluntarily struck off?
When a company can apply to be struck off the register. A company can apply to the registrar to be struck off the register and dissolved. The company can do this if it's no longer needed, for example if: the directors wish to retire and there is no one to take over the running of the company.
my understanding is a company volentry strick of is all part of procedure to been rto as plc ,
or am i getting confused,??
Why? if nothing was happening, strike off would not be suspended..
12 Mar 2024 Voluntary strike-off action has been suspended
View PDF Voluntary strike-off action has been suspended - link opens in a new window - 1 page(1 page)
bodycare companies house.
this may be hold up.
News this week or early next week? if nowt by COP Wed 27th, this is delisted and dead...
I'm going for audited FY 23 accounts and a Rule 14 RTO announcement on MONDAY 25th March. I'd place a bet, but I have already :)..
Only 5/6 days seems like I’ve lost 5k, I think ppl do have a feeling there’s no good news. Aim I’ve had no luck at all.