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We still await final renumeration .
Come on James Lee Reynold . Pay up .
Best of
Garden and Home division sold for 60% under value
Same can be said for the attempted sale of the other asset .
BOD sacked , and new guys In please.
Best of All
Could go either way.
Best of All
Still holding this dullard.
One has hope .
Perhaps not faith.
Best of All
Looks to me like that RTO is very very likely .
Caution always needed.
But upside has tremendous written all over It .
Best of All
It's not technically inside information, as the action group appear to be organising an rto without really informing the bod!? Probably as it should be lol. But they would need to publish a circular to create a point to vote on in the agm on the 16th Oct. Clearly this coming out now was orchestrated to coincide with the agm.
Hmmm. This is interesting. So they have definitely been approached, this is a genuine approach. But at this stage just very informally. Does not surprise me in a way that they have been kept in the dark, as if true the entire BOD would be kicked out by the new management, Just very, very early to see what or who has been going on. Clearly the action group are actually doing something to create potential value here,
10p easily possible .
Dependent on Investors .
Best of All
MBL Group plc notes the recent rise the Company's share price. The Company is not aware of any unpublished inside information.
However, the Company notes commentary posted online yesterday seeking support from shareholders for an undisclosed potential reverse takeover of a natural resource asset.
The Company has also received an informal approach regarding a potential acquisition of a natural resource asset. At this stage insufficient information has been provided to the Company for it to form any view of the opportunity and the Company does not consider that it is in any form of talks that may or may not lead to a transaction. The Company does not know whether this approach is linked to the online commentary noted above.
Contact:
Anton Lane
James Reynolds
MBL Group plc
01772 440440
Mark Brady
SPARK Advisory Partners Limited (Nominated Adviser)
0113 370 8970
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
END
MSCBUGDCRDDBGIR
As a cash shell I doubt they actually would be encouraged to raise immediately before an rto. They do have cash, and maybe there is something bug going on behind the scenes. At this price the only downside as I see it in the short term is having better use elsewhere for investment. But then this could explode one day soon. Who knows.
This has been pumped today by Twitter and shareholder-only emails. Let's see if a placing, or RTO of an oily, or both, lands in the next few days.
3% of the entire company in one buy, in a tiny cash shell... Something definitely happening here.
Wow - someone bought a large amount.
Somebody this morning bought ~3% of the entire company. No wonder the price has spiked.
Sure - a 70% spread is not okay, but I hopefully a gradual rise / interest builds will allow the spread to be bought down to a more reasonable level soon. (IMO).
@MBL actiongroup
Good evening all MBL group shareholders
We are looking to form a register of interested shareholders who would be open to the progression of a reverse takeover of a natural resource asset of scale onto this shell.
Please send your details to mblactiongroup@gmail,com
At this stage we are simply looking to see what shareholder support we could potentially call upon to help the development of the project we are looking to put in place.
The project we have is a substantial natural resource asset that would have an industry respected management team on the board.
All emails and details will be held in strict confidence. Merely an indication of shareholding size and email details will suffice at this stage.
71% Spread for this stock is really quite low - it has been a lot more than that over the last few weeks. One thing I will point out is that the bid is closer to 4 and they are willing to take higher sums. Has been negotiated trade previously.
Maybe something is on the way (IMO).
Any idea who the private company might be?
this doesnt seem to be trading on barclays
If there was anything it appears to have been deleted unless you’ve saved it and can copy here?
MUBL have sent a circular to shareholders raising a proposal to RTO from a cash shell into a "sizeable natural resource". I can't see anyone objecting... Which means mega boom. Anyone unsure just look up #mubl twitter,
There is an RTO in the making.... High risk, potentially high reward.
Why is this rising so much?
This one has almost zero revenues and is nearly out of cash and probably due a placing, but still has a ~£1m marcap. Wonder if an RNS is bubbling away in the background somewhere.
I feel the Directors have no interest in he business and this is amplified in their going concern report. They have and probably ever had any interest. Selling may be the best option.