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Ying Tong
Your assuming that there will be no premium in the relist price to the 2. million rights issue at 0.0025p
Personally, I think a premium of 2 X 3 times is likely as there is always a discount given for bulk buyers so a relist should be at least 002-003 p. All RTO'S generally relist at a higher multiple especially as its migrating to the main market. I can however see your trying to sow FUD to try to get back in cheaper then you might have done but I wont be obliging you
I share your sentiment, YingTong. For those who have lost a lot on here, let's hope for a favourable response from the market going forward. GLA
I suspect many might be in worse shape than that unfortunately.
With a suspension price of 0.025p the 10k to a monkey scenario would imply an average of 0.5p.
Anybody holding for over 2 years is probably worse off that that sadly.
Let me get this straight. If you had £10,000 invested, and this actually comes back, you might get £500??
Wow That’s a bit of a kick in the teeth. I thought that bloke said this was a dooozy and be amazing… a bit like being robbed of everything but they leave you the house keys?
Well what a Great start to begin trading. Fleece everyone. So expect more of the same from the new company.
Constantly wishing a share that’s so far done nothing apart from loose people money, and failed to provide any concrete evidence of having a viable proposition, or returning to the market, is magically going to come good, your right it is a strange world some people live in
Never sure why the trolls always sound so confident and assured of themselves, after just the only day saying 100% no relisting was ever going to happen. Tis a strange world some people live in.
Relist price hahaha, we’d need something viable to even relist first without worrying about a price, the price will most likely be the thick end of FA and the only way this is coming back to the market is with Jesus as the MD at the second coming
After the 40-1 consolidation be worth FA
Hopefully that cu next Tuesday will die a painful cancerous death.
For what he did to shareholders.
Minty still has 12 million. Xmas present for him eh?
Champagne all round in Wilmslow then...........
YingTong your correct mate. We will have to hope that the new company goes on to win some favourable interest from the market. With what I am holding, 20016227 with an average of £0.0019, I will be well down at 40/1.
Kmack, given they are placing at 1p consolidated then I see no reason to expect it to he materially different to that either way.
With a 40:1 consolidation the value of your holding should be about the same as pre suspension.
In effect they are raising at 0.025 on the basis of unconsolidated. Marginally less than the last placing.
I am quite surprised at the lack of dilution. Broadly you will own about 25% of the proportion you used to. Sadly that will be a big drag, but it is a lot less than I expected.
Also the listing authority believes their business plan and financing is credible going forward. Thats a good thing.
Has any one got a fair idea as to the relist share price? Especially after the shares in issue will be divided by 40 to 1??