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Let it settle first ready for a handsome rise, so says he with a wealth of experience.
625 into 1
but if you are just getting in I guess it does not matter, could be 10 quid next year
I think the placing is only for the directors of Sorted to aline themselves with LSAI investors?
Bullishbearish, I could look up this Myles McNultythat you cite, but being of the older generation and, tbh of the mindset that 'following' so-called gurus on social media is a load of bs, I couldn't be bothered !!
One question I have though is will prvt investors be involved in the Subscription new share raising of c £2m because if not on a pro rata basis then there's anything from a little to serious dilution coming up ?
DJP4976, your views on the new company, cheeky i know but much appreciated,
Thanks for good info.
Location Sciences Group PLC (LSE:LSAI, OTC:PXAMF) (LS) jumped 30% as it published details of its reverse takeover (RTO) by e-commerce tracking software specialist Sorted.
The business will be called Sorted Group Holdings going forward with a new management team comprising Carmen Carey as chief executive and Mahmoud Warriah as CFO alongside Petar Cvetkovic as a non-executive director.
LS shares are being consolidated on a 625 into 1 basis with a £2 million fundraising to follow the RTO at 87.5p a share.
Sorted specialises in software for e-commerce delivery services for smaller, independent start-ups through to large, global enterprises such as Marks & Spencer, ASOS and Asda, all of which are customers.
After a major reorganisation in 2021, Sorted implemented an automation programme and re-focused the business on shipping, tracking and returns.
For the financial year ended 30 September 2023, Sorted's total unaudited revenue was approximately £6.5 million.
Location Sciences shares rose 0.04p to 0.18p.
I see Myles McNulty is in as per his twitter feed be interesting what his followers do
Who is taking over who, as the board of LSAI has been replaced with that of Sorted..... 🤨 "With immediate effect, Location Sciences is pleased to also announce the appointment of Carmen Carey as Chief Executive Officer of the Company, Mahmoud Warriah as Chief Financial Officer of the Company and Petar Cvetkovic as Non-Executive Director of the Company (together the "New Directors")."
Best of luck aboard the New Co
Outstanding
Away
Going to be a lot more interest here, let get that SP moving
Finally..... Good luck all
I bought at .43, so in reality unlikely but their is always hope. Good luck to everyone.
Being a hopeless gambler with my personal pocket money, not the family silver, I want Location up so I can buy into Eqtec.
TWO DAY TO GO
The Company currently expects to publish an AIM admission document (the "Admission Document") in respect of the Proposed Acquisition by the end of January 2024 at the latest, following which point the Company will seek the restoration of trading of the Company's ordinary shares on AIM.
Surely we get RNS in next two days.... Hate companies leaving things to last possible second.
Fingers crossed, its been a little dull, good luck!
Monday Tuesday or Wednesday
Down by 50 000 000
Are LSAI been taken for a ride
Still got 3 days to go, if we don’t get anannouncement I am afraid I will be losing hope
One thing they not going after sorted for money back yet so I guess it still on but for how long, will sorted take another 3m
Was his holding up or down
now lsai have more funding bacause i assume sorted are the ones dragging they heels here, need to up the pressure i think the due diligence is wearing a be thin, sorted have history, what happen the last time they had this type of deal which was not that long ago last year i think, lsia need to throw a few ****s in the works