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The biggest buy or sell is for £900 worth today!
I wonder if the mm’s are still collecting as much stock as they can in the background..
Need cash - That made me chuckle!!!
I am just really intrigued as to what is going to happen. This is my most interesting stock just because of the situation - as you lot point out, I can only see a positive given the investor base but I guess the positive depends on what happens!
Why are the MM’s bothering to mess with the prices each day, as effectively there isn’t really a market in this stock anymore?
Not all the delisting shares are the same, one needs to be very careful. This is because most delist because they have no money left or about to go into admin. Others don’t have the major shareholder base that this has.
This one is very unique I think because they have £11M + £4M cash, have already confirmed they will be selling ‘Proudfoot’ and they have large investors sharing around 95%...and my guess the remainder 5% or so or nearly snapped up...those holding could well get a hugh premium for these scarce shares...dyor
Up showing on my screen...but price 0.5, sell price 0.2....!
How the hell can MMs get away with this! Remember this is no AIM share but has full LSE listing governed by FCA!
Out of curiosity what price per share do you expect the buy back to be? Additionally, do you expect this to be before or after delisting? Like I said earlier I fully expect to see no value from these shares, however I would love to be proven wrong. No point selling in my opinion as the price quoted is **** poor.
i hope so Latino. I'll tell you something if this does go the right way as you believe it will then i am going to spend the rest of time looking for another delisting stock, that's not going into liquidation. lol
It’s so so obvious, these shares are worth a lot more. Hugh investors already in big time...but MMs trading this to give false impression that these are worthless...just look at the big investor list over 93% tightly held dyor
Gdale1997 - I share the same view
I don't expect to extract any sort of value from my position, hoping for a buy back but not too sure how likely that is.
Latino - thanks for the note reminder.
Hall - Yeah I do rate their customer service. Logging on to a browser is fine but not always practical at work - although ok during working from home!
If we get price offers as shareholders, Does anyone have any opinion on what that might look like? And rationale?
Will keep checking in on here but my focus is elsewhere with plenty of bargains to be had at the moment!
Finster, annoying isn’t it having to ignore it in the daily ups and downs, and yes it is painfully slow at times. I have to keep closing and reopening the app because it won’t show me live prices. Im planning on emailing them about trading otc stocks, their customer service is great that’s one good thing.
Once Proudfoot has returned to profitability, the medium-term plan is to sell the business. Once the Proudfoot business has been sold, the Board intends to return the net proceeds of such sale to shareholders (either by way of a dividend or distribution, or by placing the Company into voluntary liquidation).
The Company is currently subject to the City Code on Takeovers and Mergers (City Code), which the Board understands to be considered by most shareholders (and particularly those within the 12% free float) to be a key element of the protections afforded to them.
Following the Delisting, shareholders will still be afforded the protections of the City Code (including the rules requiring any purchaser of a controlling/30%+ stake to make a mandatory offer to all shareholders), as the City Code will continue to apply to the Company following the Delisting.
The Board also currently intends to continue to maintain the Company’s status as a public company following the Delisting. This is because the Companies Act has more stringent rules for public companies than it does for private companies, which will afford shareholders greater protections following the Delisting than if the Board proposed to re-register the Company as a private company.
Hall - I am with HL too (is it me or is their app painfully slow sometimes during trading hours?)
I also need to work out what would happen if it goes private. This stock is just a bit of a nuisance in my daily up and down portfolio fluctuations - I have to ignore it! 17 days of trading left in June...tick tock
To be honest I too have never been involved in a company going private , IMO this company is going private for the good of the company and I want to be a shareholder in that. I need to look into if I’m able to trade OTC stocks with the broker I’m with (Hargreaves Lansdown)
Yeah I am still here guys, ticking off the days to the end of the month...never been involved in one going private before so it’s a new experience.
Yes and happy to be.
yep. zZzZzZzZ
It’s a joke alright! But as we already know this is NOT going into admin. Secondly, these are highly sort after shares from shareholder list very tiny amount in public hands. Thirdly, we know a large shareholders is eating up any loose stock..
It’s clear MMs manipulating SP here and have made trading here impossible in recent weeks..so it appears they’re are desperately scaremongering PIs to sell up..with no live quote and some 100% spread....now that is very very scary for most investors!
It’s around 25/29
0.2-0.5. proper joke
In some cases, a stock getting delisted might actually turn out to be a good thing for shareholders. If a company decides to go private instead of remaining publicly traded, it is essentially buying out existing stockholders. In exchange for your shares, the company will offer you cash.
After the buyout, the shares will be delisted. If you don't accept the buyout offer, you will keep your shares, but they will become worthless upon delisting.
anyone know if or when we will receive an offer?
With less regulations being an OTC stock announcements will be less public so who knows.
Any ideas when there will any kind of announcement?
i suppose so.
anyway this was a punt so i'm switching off now until we delist and see what happens.GLA
Standard wording for and share going through the same situation.
Don't think anything of it.