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We don’t know the full story yet. There could well be some lining of pockets as you suggest, but at the same time I’d be quite content if this turns out to be a multi bagger. Not personally going to jump to any conclusions until we have all the facts.
OK I have seen Mesh 1:1 AAA statement.
AAA have stated they are issuing Mesh with 500M AAA shares
Total No. Mesh shares = 289M means that there must be 211M warrants outstanding i.e 73% of company. WOW! Talk about lining pockets - PI getting short changed yet again!
According to an RNS in July, the AAA Sentiance aquisition is to be completed on or before Aug 10th. That will be a watershed event. Fingers crossed.
I agree with you that ASLR is a good buy right now, but you’ve got the mesh part wrong. While the AAA offer was 500m AAA shares, there was a mesh announcement (go to the mesh web site) suggesting that it was 1:1 for mesh shareholders.
Given this, I think for now (referencing the AAA raise at 80p) it is sensible to value each of your mesh shares at 80p conservatively.
As I stated before, Chris Akers has a target of 125p for AAA this year alone, and I think it’s very fair to assume the £150m placing investors are looking for a handsome return!
I expect ASLR to rise as the penny drops, too…
uR mAthS iS HorRibLe
Mesh now owns 500M AAA shares i.e 48% of AAA . Majority of AAA value is Sentiance .
AAA is valued at £550M on suspension +150M Capital Raise @80p = Total MCap =£700M
Mesh valued at 48% of AAA MCap = 336M
ASLR says it owns 8.3%, 24M Mesh shares
Mesh total shares = 289M So value of 1Mesh share = 336/289 = £1.16 at current AAA value
ASLR currently good way into AAA before it lists on Nasdaq
DYOR etc etc
As Bandstand says, it appears to be all part of the plan.
For now I value my Mesh shares at minimum 80p based on placing. Remember Akers has a 125p short term target for AAA (and therefore mesh) and I doubt that has been plucked out of the air.
As I understand it - this is all part of the process which will ultimately mean AAA can re-list on an alternative market. We shall have to wait for further info as it affects MESH.
See posts in early July.
Noticed an RNS from AAA, stating they are delisting from AIM. Is this another twist in the tail, or just part of the process for something bigger, and will the BoD from Mesh now put out an update? AAA RNS below;
Fri, 30th Jul 2021 07:00
RNS Number : 9907G
All Active Asset Capital Limited
30 July 2021
30 July 2021
All Active Asset Capital Limited
('AAA' or 'the Company')
Cancellation of admission to trading on AIM
AAA announces that, following the resolutions passed at the Company's EGM on 19th July, its shares have been cancelled from trading on AIM with effect from the time and date of this notice.
All resolutions passed at today's AAA EGM - now we just wait for what it means for MESH shareholders
yup. Akers 125 PT now seems very likely.
Possible take over of audioboom ,May do well with our shares once complete .
The only problem I foresee is how we will be able to realise a sale. If it is going to be listed in US before we can trade there will be tax and other cost implications. I have already had my holding moved out of my ISA into a normal trading account. Not sure how this will affect things and possibly CGT costs.
Well this is a bit of a turn up. Not quite the 84% originally muted, and now AAA appear to be the major player here. That said, the wording of the announcement does imply that us holders in Mesh etc could do much better than previously thought. As per this snipit...'The Company and Directors are proactively working with external counsel and other advisors to obtain the necessary tax, legal and distribution clearance opinions as soon as practical. On the basis1 that ordinary MESH shareholders would receive 1 AAA share for each 1 MESH they hold, it would result in a highly favourable outcome
for all MESH shareholders.' After all this time this can only be a result!! If true, well done and played BoD.
Hi Bobby, the circular published on AAA's website at the weekend confirms it is a U.S. listing they are after, but not which market in the states specifically.
https://aaacap.com/shareholder-documents/circulars-and-notices/
Akers has aaa at 125 by end of year. He's been spot on with this PTs on these collection of shares
Would I like more than 1:1? Of course.
However, with AAA raising at 80p this week Mesh holders should still be richly rewarded.
Every AAA raise has been followed by a price increase, so I am expecting each AAA share to be worth a lot more than 80p or what was the point in the investors putting their money in? The directors seem to know what they are doing (understatement!).
In conclusion I don’t think it is especially unreasonable to value each Mesh/AAA share at £1 for now (or minimum 80p), but considerably higher is entirely possible depending on what exactly they have planned.
I have seen rumours of a NASDAQ listing being posted online either here or ADVFNn. Anyone care to shed any light on this?
Very fair... lets hope then they decide to completely convert into aaa which would mean more than 1:1
Yes maybe. But the other investments are described as only worth 2p a share, so I don’t personally find that side of it very exciting.
Just to note, going over the wording of the release, you would still have your mesh shares AND also get 1 AAA share for each held. If that happens that is pretty amazing
Mesh will never be relisted. AAA is now the preferred vehicle of choice to undertake the Sentiance deal. To think you could have bought AAA shares for a penny last January all the time Mesh was suspended! Who would have thought it possible that both companies would eventually merge in equal terms? Hmmmm food for thought!
yes I would have thought just over 1:1. Going to try and call MESH and see what they say. If anyone has any luck pls post
AAA is allocating 500m shares to Mesh
Mesh have 289,260,261 shares according to companies house
Mesh advising 1 AAA share for every 1 mesh share
So wheres the other 210M AAA shares going?
Im very happy for progress, but dont p155 in my pocket and tell me its raining.
Should be a lot more than 1 for 1 shares
Been that many name changes and lengthy suspension will take awhile to work out my original buy ,I’m sure it was just over 5p ,so 80p more than happy with that .
Around 80p a share for us .