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NAUTILUS MARINE SERVICES PLC (the "Group" or "Nautilus") Sale and Marketing Contract for Offshore Service Vessels Nautilus Marine Services PLC (AIM: NAUT), announces that, further to the announcement on 31 May that it was considering "the potential sale of the currently owned offshore service vessels", it has entered into a sale and marketing contract with M&E Partners LLC and Dixon Marine Consulting, Ltd. in relation to its six offshore service vessels and related equipment (the "Assets"). It is anticipated that the Assets will be offered for sale at auction on or before 29 June 2019.
It really is a game..! Go to delist on 2nd July.. auction concluded by 29th may
Gm to delist on 2nd july
http://www.dmcltd.com/index.asp Is it any of the equipment listed here? Ps currently 1.71p to sell vs 2.4p to buy, buy price still rising on almost every trade since the drop.
Getting Live quotes of 2.15p to sell, lvl 2 has one mm left on 2.5p then they are all on 3p. only 14m free floating shares that are not in their hands. Still Time for a squeeze.
I was waiting for this news... if it wasn't delisting it would have shot up to 10p before.... £1.1m mcap - the vessles will raise more than that imo.
Not sure what happens to remaining shareholders after delist - lose the lot? Who knows?
Holders shouldn’t loose the lot, but could loose part or a lot, I think the group of companies or the company itself will buy the remaining 27% of shareholders out via the MFB. The unknown is At what price. 2p costs them £300k 5p costs them £700k 7p costs them £1m. The company has the cash to do it, the investment groups want to push it. As there are multiple parties voting for the delist I’m expecting one party to buy in open market before the delist. That could give me a chance to either make a few quid as a simple trade or possibly take my stake out leave a few in and see what happens with them. “The Company has made arrangements for a Matched Bargain Facility to assist Shareholders to trade in the Ordinary Shares to be put in place from the day of Cancellation if the Resolution is passed.” Or I loose and end up with nothing.