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sent to my Halifax account.
this bit got my attention...
"If the Cancellation becomes effective, the MCG shares will no longer be listed on a Recognised Exchange and will no longer qualify to be held within an ISA product. Should you hold these shares within an ISA, we will transfer your MCG shares to your Share Dealing Account once the Cancellation becomes effective. If you do not have a Share Dealing Account, we will arrange to open one for you."
why if?
i'm getting a negotiated order when i try to sell. first time i think this has happened to me here
I topped up also this morning, just a small amount.I feel good about this company so the delisting to me just gives me more of a bargain.
To come by September..gla
At 31 December 2019, the Group had cash and cash equivalents of GBP11.7m (2018: GBP17.3m). Cash balances at 31 December 2019 include GBP4.0m (2018: GBP4.2m) of cash required to be retained to support certain contingent creditors of the Group. In particular, EUR1.5m was held in an escrow account and in addition a further EUR1.6m was held at HSBC to secure further indemnity obligations to Wavestone, the acquirer of the French and related operations of Kurt Salmon. The HSBC security has been extended to 17th September 2020. The total held in respect of potential Wavestone claims amounts to EUR3.1m. Although a substantial proportion of this cash is expected to become available to the Group for general corporate purposes as the contingent obligations fall away over time, the exact amount and timing is still subject to uncertainty.
The Board had therefore concluded that, even on a worst-case basis, the Group has adequate resources to be able to operate for the foreseeable future. However, the impact of COVID 19 has led to a material uncertainty in the Group's ability to generate revenue in the normal course of business whilst the current pandemic restricts international travel and almost complete remote working persists.
NC, I believe an offer can be made after de listing , as you will still own a share of the company that can still be bought and sold OTC. In my opinion if this company wants to go private and they are not going into administration. (Which as far as I can see they are not). Then I think they have something up their sleeve in the sense of maybe a buyer..... go private... people sell .... SP worth less .. they do a stock buyback, for a cheap offer as there are a lot less governed rules on the OTC stocks. Then they sell the company and make a lot more than selling it on the main market with more shares outstanding.... they won’t be buying my shares back though not for under a penny anyways. I’ll sit back and wait this one out.
Sorry Hall123 but do you know if an offer can still be made after delisting?
i assumed it would come before but i have no experience with this sort of thing.
Yes, NC I am sticking around hoping for that also. I think it will be a short hold for us all after de listing.
worthless IMO. im sticking around on the very slim hope i get an offer for my shares from the board as i doubt they want this privatised with all the old shareholders hanging around. Realistically who could possibly know where this will be in a month. GLA
What’s everyone’s expectations for after the delisting ?
red month coming IMO
What are everyone's expectations for this month.......SP increase or evaporation into nothingness?
Took this dip as an opportunity to top up and average down a little bit.
You can now, earlier today wouldn’t give me a quote to buy for a few hours and A few days ago it wouldn’t give a buy quote from 11am until close. Strange , low float I know. I’m thinking maybe that’s why they have tightened the spread significantly , a market has been created so people can now buy and sell easily.
It does baffle me when you can’t buy but you can sell easily.
‘Mark Morell, associate at Brabners, says companies that apply for a delisting are typically in administration or have been acquired by a third party.‘ I’ve just read this on shares magazine, and MMC arnt in administration.. wonder how much would be paid per share if they have a buyer.
I'm waiting patiently for the lesson i'm going to learn from this stock Latino but i doubt that lesson will bring me profit. time will tell
Very tight spread now...MMs showing accurate pricing now, so more tradable.
Not much going on today , just a sit down and watch between now and 23rd of June , could go either way.
Haha Latino what are you doing to the folks on here! I don’t think there is going to be any big sellers here. I am ignoring the daily share price here, it’s all irrelevant as there is no market left in this share with so little free float.
For me it’s all about waiting to see if there is a sell off before listing or more likely how much my shares are going to be worth on delisting!
Oh and Latino I am also in AOGL, we like our risky investments huh?!
Sorry guys wrong board!
100m sell filled...blue sky tomorrow it appears!
It’s all price manipulation by MMs, the only thing that’s really moved is the buy price 0.4-0.55. The SP on the other hand showing 0-70% up...all smoke screen false and misleading FCA?
Then shoots back down to 0.27.
WTF............the are just taking peoples money knowing it will be lost forever.
0.45p paid
Would be nice if I could buy any amount , I’ve managed to Buy a few small top ups but won’t let me buy anything decent.