The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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Condolences to you and your family and your sudden loss,my thoughts are with you and your family at this time ,I would also like to disregard any of my previous posts due to this response under such circumstances.
They have to de-list if they have not sorted the funding allowing them to lift the share suspension. Max being max will no doubt not have the deal sorted by 2nd sept (6 months from suspension) Which means we de-list, there is a growing trend of small companies choosing to de-list which i suspect max want to do, so will let the deadline lapse, max will save circa 250k in fees to the aim stock exchange, plus fees to brokers and Nomads. Although this is not good for us, it is a way of max cutting costs so i think they will do it. They change then to a limited company and dont have to answer to all the aim corporate governance rules. Its a growing trend to cut costs if your business is not a propering one - aim is good if your a new company looking to get funding so you float and get shareholders - if you are later on in a poor position were your not in a position to raise funds, brokers dont want your shares etc then you dont have as much use for aim, so can save 250k and delist. Our shares are not lost, but we cannot trade them on the aim market, basically we dont have a market and can only trade them over the counter like pink sheets - paper shares, but you will struggle to find any broker who will actually want them as they are so iliquid, we just get a annual report once a year that is all they are obliged to do. If they choose to re-list once funding is sorted we are still shareholders, or if they are bought out whilst a limited company we are still shareholders in that new company. It can help to delist and be beneficial to getting your creditors to agree funding and deals, as there is no red tape and max can pretty much do what it wants, which gives them a bit more of an advantage getting a cva done and 75% of creditors to say yes. We will just have to see how max play it should they not have it done by 2nd sept, you can get a extention in some cases, so max will have to show their hand with their intentions either way.
I did not end up attending this AGM and have not been on here as We had a sudden death in my family. Doesnt sound like I missed much though.
Or the Xmas money club could be short .
Pop down the bowls club for a few ends or Darby and Joan .bingo get back before they lock the doors .LOL
everyone upto tonight, im still abit hyper
You should not mix the grape and the grain ,ie wine and beer.but on there own you should be fine other wise you maybe intolerant to the one or the other 99% of people are wheat intolerant ,I tried I nice beer the other day recommended by a female barmaid ,leffe blonde Her exact words it's nice and strong just how I like my men and stops you going to the loo so frequent as it's a 330 bottle not a weak pint .
I'm afraid me and wine don't mix. Haven't touched it in over 15 years now, due to it sending me doo lally when combined with beer. So just stick to the beer and my fridge has always got plenty of coldies at the ready :)
Big day tomorrow ,I'm currently loading the wine cooler with Paul bara champagne I suggest you do the same .im .starting to sound like Oilspelunker ....,
Floating along the water but underneath paddling manically away. I love the pressure ...
Not me mate. As you say, c'est la vie. Que sera and all that. Have lost more than this and still here fighting. However, I think it must be tomorrow now as Max would have declared game over today if they couldn't make it.
i'm sorry to say boys, im loving this, its the most fun ive had in ages. luckily i'm spending most of my time running around in the factory so im not on the computer all day waiting for the dot, just look in from time to time, but you lads must be nervous wrecks
Tomorrow is the last day ,another sleepless night COGGY ,Ivor may now retire due to stress .i may stop refreshing the page looking for the dot .why do we put our selfs through it .....the dots coming but will it be a good or bad one ... Well.... do you feel lucky
I'm not sure. I thought it was today. The Company have not been secret about anything i.e. reasonable updates throughout suspension, so we should hear tomorrow for definite .
Why was there no statement at the agm all we got is resolutions passed and feck all else..? Put us in the picture peoples life savings and pensions could be up the wall.
What do you all make of this news article from monday ?? http://www.lse.co.uk/AllNews.asp?code=93lro87l&headline=LONDON_MARKET_EARLY_CALL_Stocks_Seen_Down_With_US_Data_In_Focus the last line of the article states that AIM listed Max Petroleum released its full year results ???????????????
The last day of notification. If nothing do they get de listed automatically. ...?
it was fun though, but you never know what might happen tommorow, whats a few hours between friends
Looks like a bit of a damp-squib ending... no RNS, no accounts, no re-trading I guess? Shame, thought they might pull it off too. Never mind, it's only money! :)
If Max aren't allowed to re-trade, they will advise us of what comes next.
What happens if nothing comes.....?
to go. Oh well, bye bye to £27k. It was nice knowing you :(
Once this appears so will logical.....
Good time to invest in there shares as many will suffer from red dot syndrome .
Why after close of play? 55 minutes and counting. Bum still dry at the moment.