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l have learnt my lessons and as such would rather put my weight behind current BoD in their efforts. Like any other organisation the current BoD is not perfect. AIM is not for the faint hearted. We win some we lose some, it is the nature of the of the GAME. GLA
who is the biggest shareholder we need to call an EGM and get rid of the current board or else our holdings will be gone forever
I expect BOD to give themselves options on the "success" of the RTO just to really p*** off investors. PH will have agreed a huge, and unsubstantiated, fee for the RTO with the BOD. Of course non of these will go to shareholders for approval. No wonder AIM gets a bad reputation for allowing joke companies, poor quality BOD and brokers that would never undersell Shylock.
Literally no ***** given by the BOD about its shareholders. Absolute joke this lot!
Given the RNS which clearly stated when the current NOMAD would resign and the deadline for appointing another, now passed, it suggests that the company now should no longer fulfil the AIM requirements and thus be delisted. The RNS was a forward looking statement and as such should be updated to keep investors in the picture. It may be sensible for investors to contact the AIM team and try to get them to take action against the company and its advisers. No news is said to be good news. However, in this case no news is a function of a poor BOD and broker.
What a bizarre situation. Nothing like open and honest communication eh?
TW
Confirmed with *************.
True, just waiting for the ink to dry and hoping for a revised deal. GLA
Where have you heard this benton
Allenby will look afrer us shareholders better then zai
Seems to be a hiccup in the NOMAD. First choice has been blindsided so second choice is up to the plate. AIM has given extension to allow paperwork to be finalized.
So true . Post recommended.
A deadline has passed but no update to shareholders by the BOD. At least the BOD never worry about upsetting the shareholders or being helpful. Good to know that corporate governance is still ignored by some AIM companies and their brokers.
What will be will be. If it's meant to survive it will survive. GLA
Red lep was requoted days after the dead line. Its not really set in stone if a deal is pending. RLH was requoted for a investment of 250k peterhouse already have clients lined up to invest 550k. A requote will happen although the terms need to be sweetened to entice existing shareholders to back it
As explained in the 15 August 2017 announcement, in the event that a replacement Nominated Adviser ("Nomad") is not appointed by the Company by 17 September 2017 (the "Cancellation Date"), the listing of the Company's shares on AIM will be cancelled. Completion of the Agreement is subject only to the appointment of a new Nomad to the Company on or before the Cancellation Date and the restoration of trading in the Company's shares on AIM. Monday is the 18th. How can that be allowed?
It's my understanding that as the 17th is a Sunday the RNS can land Monday morning as the company could be in talks over the weekend.
Surely an rns on Monday would be too late? Please correct me if I'm being silly, it won't be the first time lol
It really does not matter how complex the situation is if there's no RNS Monday morning there off AIM and that will be a bag of nails to sort out if there is anything left that's worth sorting...
Complex......only the weak hide behind complexity. It is simple : Listen to shareholders, do not abuse shareholders and be consistent. It is not a great deal to ask. Shareholders were given the chance to vote on the first PH equity raise , PH's excessive fees, options and related matters. Shareholders overwhelmingly voted against PH's resolutions. So the BOD then announced a far worse deal with PH with no shareholder vote. So much for complexity! Hopefully the new institutional shareholders will expect to be treated better than the existing PIs. Get the RTO done.......not very complex, then sack the hopeless BOD .........simple, sack PH and appoint a respected broker.............simple.
AIM is what it is and will remain so, unless there are fundamental changes from the powers that be. As of now it is very complex and definitely not for the faint hearted. GLA.
If the RTO is that advanced then the directors must know about it so it should be disclosed via RNS? Stocks that are liked by institutional investors are often unlikely to appeal to PIs, thus the current shareholders are again unlikely to be happy. However if institutional investors are involved they must kick out the existing BOD as they have ignored existing shareholders wishes and clearly are in PH's pocket. However existing shareholders must shoulder some of the blame by not calling a general meeting to stop PH and the BOD.
Is this just a guess Or do u know something
Nomad likely be named but to remain in suspension pending the finalisation of the RTO which will not be that long. Once out of suspension we are all going to be surprised by the interest going to be shown by institutional investors. IMHO of course. GLA