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Looks like they've burned through all the money without striking a deal. They're going to need more cash soon.
They look like very strong appointments, hopefully this is a sign of the viability of the RTO with Ilios.
Https://www.londonstockexchange.com/news-article/PNPL/corporate-update/16429335
At least it's some sort of news today.
In the news article it states 'Pineapple Power shares were flat at 2.74 pence each in London on Thursday afternoon'.
What else would they be when they've been suspended for ages?
Dear BoD,
Your last RNS was 6 November 2023, respectfully five months’ silence is too long, please update your shareholders - thank you in anticipation.
Yours sincerely,
-TM
Probably failed again for RTO
This company is a fxxking sham!
Anyone heard anything yet?!
I know RTO take time. But PNPL seem to have a track record of taking their time over things including failed RTO's Element 2
I'm only a small investor 6000 shares on Trading212 which seem to be permantley suspended! Due to the cylce of the above mentioned.
Took the weekend to bring something new to the table:
https://www.londonstockexchange.com/news-article/PNPL/acquisition/16196540
Absolute clowns
Https://www.londonstockexchange.com/news-article/PNPL/termination-of-proposed-acquisition/16186411
Sorry just seen this, not good.
Based on ? Have you seen any news ?
I think they're a scam
Looks like another 2 year wait.
How long before they announce something ?
Like some earlier comments I've been invested for over 2 years. Nothing but delays and silence from them.
Https://www.londonstockexchange.com/news-article/PNPL/proposed-rto-of-element-2-limited/15928151
Supposed to conclude H2 2023 so in the next few months hopefully.
I've had a position with pineapple for over 2 years.
Only just stumbled across this group.
Checked my trading app to see suspension of shares due to unfavourable execution.
I've emailed their investors page and nothing back as yet.
Very frustrating.
They launch SPAC shell and just sitting on shareholders moolah.
I get they have to make the right decisions and due diligence...
Where's the se se of urgency and delivering for us?
I'm not sure.
I'm also trying to get an idea of how long we are likely to be in stasis.
Might try emailing the company directly, see if they can give an indication of progress without saying anything market sensitive
Is there any information as to the state of due diligence activity? Can the company continue the suspension indefinitely, or is there an updating requirement by FCA?
Anyone seen any updates or news?
Has anyone seen any news on how the RTO is going, whether terms are near to being agreed, or timescales?
Thanks
Well done to PNPL and its shareholders, and fingers crossed that this deal completes for you.
If it does, it will be good not just for PNPL, but the shells sector as a whole.
It's certainly encouraging for another shell that could potentially be a play on this area:-
Aura Renewable Acquisitions (ARA) 5p Market cap. £525k. Cash c. £800K.
https://www.lse.co.uk/SharePrice.asp?shareprice=ARA&share=Aura-Renew-Acq
From a 19.4.23 ARA video interview:-
"... The sectors that we're particularly interested in are in energy storage generally, but particularly in battery technologies. ..."
https://www.proactiveinvestors.co.uk/companies/news/1012600/aura-renewable-acquisitions-very-hopeful-of-making-a-transaction-this-year-1012600.html
Hope this deal comes off!