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Bod may be thinking vote may not passed and hence obtained the lending extension from the current lenders.
Don't forget there were 2 shareholders sold their entire holdings after they agreed to vote in favour of the delist. They had around 10% votes together and may be BOD is thinking they may have to go for the 2nd vote if this doesn't go through. May be that's why they have obtained lending extension.
What will happen to share price if the BOD failed to get the approval for delist ????
All in my honest opinion
Can still sell easily
Still they will take shares at above the advertised bid price
There is potential to make profit in any share that has significant swings in the price.
The difficulty is timing and the fake spread often posted on LSE to deter buyers and sellers depending on the MM’s agenda.
This one has legs as I keep on saying.
GLA
This is a roller coaster ride, so if you are looking for a quick profit then don’t sit back waiting for wonders as this share isn’t that fair.
1.3 to f all in hours I’m a sucker for a shxt share
It will sure raise up to 2/3 p soon
Rice
Is it cooking on gas yet lol
Keep rice down
What’s with all the small trades
Could 2 p be hit next few days not ramping just asking politely
It will rise
Well that was fun… I should have sold ??
and look where PYC are now ?
Yes Dom
I'm adding ITS and PYC
Like there WAS a reason they would take 1.5mln shares yesterday
PYC news coming,£4mln cap
DOM
HOT UP why
Nice rise Laura today , ITS is just about to hot up also .
Will it now be passed at meeting ?
Elsewhere in London, Morses Club shares doubled to 1.19 pence from 0.55p in early trade.
The Nottingham-based doorstep lender said its current facility of GBP25 million remains in place until March 31 and its funders have now agreed to extend the term-out clause to March 2023.
Earlier this month, Morses Club announced it is set to wave goodbye to London's junior AIM market. At the time it said it believes its "most likely" source of future funds will come from private capital.
However, a day later JO Hambro Capital Management sold its entire stake in the company, putting the deslisting in doubt.
JO Hambro had owned 8.8 million shares and had committed to support the company's proposed delisting from AIM. This meant shareholder support for the delisting had fallen to just under 45% from 51%. It needs the support of 75% of shareholders.
Morses said a general meeting on the cancellation of its shares and re-listing as a private company will take place on February 3.
Not trading in AIM does not mean connotations goes bust. Just guess into private hands. If you are looking for an investment, nothing wrong with that. If you are simply day trading, then yes, the days are numbered.
I was being nosy and looked at the riser board and then re read the rns 13.1.2023 think it was. . . Anyone jumping in pls be careful as it clearly states "Shareholders should note that they are able to continue trading in the Ordinary Shares on AIM prior to Cancellation, which is anticipated to occur at 7.00 a.m. on 13 February 2023."
General meeting is on 3.2.2023 for the vote. No where does it say they will continue on aim.
I'm only stating this as I lost money by not reading rns's carefully. GLA
Likewise try not to stop people making money. At least if this does delist, you will still be able to sell your shares just not as often as you can do on here.
Not too late, I hope
They can have my shares for 5p!
MM's short of shares so they have widened the spread to deter buyers.
Barstewards
Up over 120% on trading212 at the moment