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10.65p to sell, just keep on ticking up while all the background sells get gobbled up, Peter wanted to delist as market was undervaluing the stock at >25p, and then calls off the subsidiary IPO which would have had to been of >£6m mcap valuation on its own.
It’s like printing money from 4/5p lows.
Why are there so many purchases of just double digit numbers?
Worse case it’s dealing with share certificates, but most platforms should have access to CREST transfers while still this is still using the crest system, logically…
I’ve had plenty of dead / delisted stocks moved from ISA automatically upon delist to a normal share dealing account but ive never actually sold them, they just sit there untradable but I could have requested them in certificate form
other people I have spoke to in the past have said a few emails / phone calls and setting up an account here or there has done the job for them to enable them to use the matched offer platforms.
this is a rare example of a viable company with assets delisting that the director wants to buy your shares in, to secure / further benefit his own interests, I’m sure there will be a way put forward to enable shareholders to sell to him when the time comes.
My money is on them buying up many shares after GM and before delisting, which would give me an exit I’m happy with, but anything can happen.
First of all I’m sticking with PL.
I hold my shares in an ISA with Barclays. It has been suggested by Barclays that I wait until they are delisted and then Barclays will transfer the shares to an ordinary investment account. I did wonder if I would have to sell my ISA shares and buy them back into the investment account but that would have cost me with the large spread.
Next dilemma is JP Jenkins do not, apparently, like dealing with banks so I then need to transfer to another broker on JP Jenkins list such as Interactive II, Hargreaves Lansdown, or at the suggestion of JP Jenkins www.sharedealactive.co.uk.
I know there will be the usual naysayers but could some of the more sensible and seasoned traders comment if they think this process is the the most sensible approach or whether there is a better process to get the holding into the right place.
Regards
Dill
Other delist play with directors buying : BYOT up 250% today.
and MEN just leaped to 8.50p.
Fingers crossed.
Gm approval is certain, no big holders left that can outvote peters 30%
I expect number of votes logged from parties outside Peter and friends to be very low.
Wonder how the voting is going. Is there anyone that would actually vote against the proposal? I am going to stay and back PL. I get where he's coming from.
7.01 to sell, while they try hide the real price with tiny £1-20 trades the real sell price has been rising.
MMS been trying to accumulate, my gut still says once delist approved at GM more buying for ownership in to privatisation continues (might / might not get that potential dip on actual RNS approving delist, seen a few others rally in to delist historically when there’s actual assets behind the equity, and MEN has plenty of assets behind it vs current mcap )
6.34 s vs 7.49 b
Another quiet wide spread day watching paint dry with a few companies
Company will have plenty of cash to buy out shareholders in time if the $12m keeps dripping in.
10 days till GM on 15th April
3 weeks till Last day of dealing 26th April
Could drop the spread atleast. Sheesh.
7.32 - 8.4, come on we know you are filling orders while wait g for TR1s to drop mr Market.
Been reading up on atome, sounds pretty good (and I don’t normally like ESG companies), I like the sound of tax free / tax incentive deals from various governments they managed to get.
Nice to know MEN has 18.4% of it, and at ATOMs current sp is not far away from the value of the loan with Peter, can see where he sees the value of that with various bits of news that were due Q1/2.
“The endorsement from the President of Costa Rica, Mr Rodrigo Chaves,..”
“An agreement for renewable power for the Project is expected to be entered into following the conclusion of the studies in H2 2024.”
“Enterprise Investment Scheme ("EIS") investment status granted by HMRC”
“Free-Trade Zone ("FTZ") status granted by Presidential decree to ATOME's Villeta Project”
· Only the sixth FTZ granted by Paraguay
· ATOME will benefit from exemptions on municipal, VAT, and corporate income taxes“
Laura Davey50 & Earl (traders know me a bit I think!) on Thursday I read the news......I 99% trust PeterLevine (he made me good money in IEC (ex Soviet assests) I trust Peter( he will do his best against all odds) and I also follow the money ....took a small long position on Thursday last @ 7.7p......wish I had more funds but pretty fully invested elsewhere!
I am happy to hold and it wouldn't surprise me if PL were not to buy my 7.7p shares for a £1 or more some sunny day!
GLA
Thanks
With SND it's either a 10p injection or counter bid amd GM not for 6mths so plenty of time
Good advice here
Thanks
L
Well done Laura, im not convinced with SND myself, but target here is 15p initially anyway.
Let the hedge funds bail against each other at market at any price on poor trading updates or delist or whatever reason RNS, take advantage of drop, then when they are out share price bounces, the game is that simple, just take profits along the way.
Make that 90%
What's going on with AIM listed companies,
they rns delisting then sp crashes,
Ceo buys on the cheap
what's wrong with these people.
horrendous this game is being played
Brilliant
I'm now 80% up from my buys last week at 4.5p
Also bought some SND itsagame and added to my PYC
Itsagame, sorry I should have been more specific, the 80p buy in was in Atome as announced at the ipo, if he had put more money in after conjuring up a 15% stake out of nowhere he might have backed himself into a corner regarding the men stake in Atome.
"whilst making no commitment to do so, I do not rule out in the fullness of time and subject to de-listing and on becoming a private company making proposals to buy the shares of certain of those holders who either do not wish or are unable to be invested in a private business"
Well he said he doesn’t rule out buying people out once private
I am sure once private, Peter Levine will buy the rest, probably for less than the amount owed by Argentina to Men. This stinks, but whats the point of selling out at these prices ?
It Was peters buy, he can’t buy any more, guess he will have to ask his mates.
Peter Levine is currently restricted from acquiring further Ordinary Shares without making a logistically burdensome general offer to all other shareholders since the Takeover Code continues to apply to the Company.
Going to be robbed again of the Atome holding, probably the reason the agreement at Atom to purchase shares at 80p wasn't taken up as funds were needed.
Probably not much for anyone holding more than a day, but that didn’t appear to put someone off buying just over 2% of the company today (delayed trade : 262k shares at 7p, £18k)
Does this matter anymore. everyone has been robbed.
Much quieter today, here’s what I see :
6.8p/7.4p £800/900k mcap, $12m due, 650k raised at 35p Jan, fell 80% on two large holders selling at market against each other - Scheoders and Miton, vs large holders calling for it to be private who potentially could buy more here pre delist.
Expect the largest trade Thursday was Miton out and Schroders sold about half their holding in chunks, but the remaining 400/500k out and market brings the share price back up before delist end of month, with a few trading opps around the GM.
Was 5.5p to buy when it hit 4p lows, I think there’s room for a trade into a bounce once settles, or it’s a Small mcap vs the potential if wanting to hold a private company (but that’s not my desire)