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When they come they come in 2s'! LOL!
Loan to Thread 35 Limited and temporary suspension Heads of terms agreed for acquisition Potential reverse transaction of e-commerce womenswear brand Orogen plc (AIM: ORO), the recently formed AIM Rule 15 cash shell seeking a reverse takeover candidate, announces it has agreed heads of terms with Thread 35 Limited ("Thread") to acquire Thread's entire issued share capital, subject to certain conditions and due diligence. This acquisition would constitute a reverse transaction under the AIM Rules. Thread operates an e-commerce womenswear brand, targeting 35-55-year-old women under the brand name "Sosandar". As part of the proposed transaction Orogen has made a secured loan of up to £250,000 ("Loan") to Thread. The Loan is interest free and may be drawn down in two tranches. The first tranche of £100,000 may be drawn down immediately, whilst the second tranche may only be drawn down on the condition that letters of intent are obtained by the Company from Thread's shareholders to accept the terms of an offer to acquire their shares. Temporary suspension Consequently, the Company has requested that trading in its shares is temporarily suspended, pending either the publication of an admission document or until the proposed acquisition negotiations are terminated. Adam Reynolds, Chairman of Orogen, commented: "I am delighted that Orogen has found an attractive acquisition opportunity so quickly. Sosandar is operating in a market that is showing significant growth and it has a highly motivated and experienced management team. With added balance sheet strength I believe we will be able to accelerate this growth opportunity, benefiting all shareholders in the enlarged group."
I managed to find it lol. Orogen plc ("Orogen" or the "Company") Loan to Thread 35 Limited and temporary suspension Heads of terms agreed for acquisition Potential reverse transaction of e-commerce womenswear brand Orogen plc (AIM: ORO), the recently formed AIM Rule 15 cash shell seeking a reverse takeover candidate, announces it has agreed heads of terms with Thread 35 Limited ("Thread") to acquire Thread's entire issued share capital, subject to certain conditions and due diligence. This acquisition would constitute a reverse transaction under the AIM Rules. Thread operates an e-commerce womenswear brand, targeting 35-55-year-old women under the brand name "Sosandar". As part of the proposed transaction Orogen has made a secured loan of up to £250,000 ("Loan") to Thread. The Loan is interest free and may be drawn down in two tranches. The first tranche of £100,000 may be drawn down immediately, whilst the second tranche may only be drawn down on the condition that letters of intent are obtained by the Company from Thread's shareholders to accept the terms of an offer to acquire their shares. Temporary suspension Consequently, the Company has requested that trading in its shares is temporarily suspended, pending either the publication of an admission document or until the proposed acquisition negotiations are terminated.
Morning all. Can someone post the RNS please. I am having difficulty finding it. Thanks
RNS suspension ,am I reading this right ???
It is a low price, but there is still no asset reported yet.
taking advantage during stock transfer etc we see recently and topping up. No brainer at this level.
Best of luck.
Funny you mention that. 😎 Keep smiling
Was it your thumb? Lol.
Bought a few of these today, something caught my eye 🙂
how low will this go ,
Investing without an asset is madness, in my opinion. It depends though if the newbies believe in Reynolds or not. You and I obviously do not, because of his prior involvement already here and his inability to act in the interests of shareholders. Why would that change?
Taking a punt would seem too large a risk, because we still haven't that newly sourced asset for RTO, coupled with the old or current asset of Mutsk being deemed not viable to continue with. Nor has Reynolds only become recently involved here. As a long-term holder of seven years, whose shares are now completely worthless, because of past management ineptitude of the highest order, bordering on the criminal, my advice is to please be very careful with this share. Wait until an asset for RTO has been identified and reported officially. Then decide if it will be worth a risk with your hard-earned money. I remain a shareholder, but would not wish for anyone to experience the same woes, particularly without an asset in sight. So far, we have given this new BOD £3 million or more. We need to see if they come up with the goods or simply fritter it away to enjoy a certain lifestyle for a year, before ORE is then completely removed from AIM. Good luck all.
A Reynolds allowed this company to rip investors off for several years. His assurances, if any were give mean nothing. (things appear) "vague", to be (bubbling along nicely "vague", (there could be) "vague" (action very soon), "vague"........ I have never seen so many vague descriptions in one sentence. Just say it, nobody has a clue, anyone invested is non the wiser and hoping for the best outcome from a crook.
Why is that.sp gone down 50 percent since he adviced subsribers to buy.just like most he advives to buy
News by end of May IMO. I don't think TW would accumulate more without some assurances from A Reynolds.
Things appear to be bubbling very nicely. Feels like there could be action soon.
Sensing a bit of a change with more buys coming though in anticipation of RTO. Let's see..
just went thro! NT to buy so mms short of shares!
Thanks
oh ok good luck
today!
I don't think it is long before a deal will be done.
mostly buys today so sp down crazy