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We've have had confident promises in an RNS prior to now
wrong again if they de-list on AIM they can just relist on a new exchange, you will still have your shares just means it might take alot longer to play out.
yes holee the nomad resigning has screwed prg unless ofcourse they have had a new nomad lined up all along? and as you say BZM was put in suspension for a long time until they sorted there re-financing, I remember that because it went up 500%!!
If we Delist as expected, there will be no share price at all ! We will be a private company . Our investment unfortunately will be completely illiquid . Old broker ratings won't be relevant after tomorrow, unless we have a new nomad in place and survive delisting , and we won't get the nomad without funding . So no money means no nomad , and no nomad means delisting ! We just need a miracle prior to the market closing at lunchtime tomorrow , that's all !
If the Nomad had not resigned we would of been ok. BZM remained suspended for approx 5 months prior to getting funding.I believe PM was trying to be clever to preserve the share price, but never counted on the Nomad resigning. That is where it all fell down, and the fact funding was obviously much harder to get than he thought. I assume as most of us hold shares electronically on trading platforms we will have to be issued with share certificates via our brokers. I am not really sure how it will work.Any ideas?It is certainly not what we were expecting or hoping for.Such a shame.GLA
http://www.risersandfallers.com/2015/12/21/wc-211215-analysts-consensus-for-paragon-diamonds-lonprg/ is this a new price target from NL, or old?
So you say that there is a chance that PM, Titanium and other ii shareholders, the lender that have shares at 5.25 p to convert and 500k credit, wont find another 500k for another 4 months, awaiting finance to come. Not even a right issue at 3p ? I don't believe it. Mothae and Lemphane are two such compelling investments and for 500k we see them disappear, really unbelievable.
If this board close down, we can all meet on another investors board, for the time been. It would be a bit intrusive, but i know some boards that wouldn't mind if is to have a base for a week or so.... Maybe even in lse, if we find a board of a share were there is low texts?
the lender will not default loan is unsecured
LL isn't the 30 day default delist due to not having a nomad. I don't think it's linked to any lender, but I could be wrong.
Hi can't stop reading about prg been delisted and the doubt, about what all that mean for us pi. I have absolutely no clue what will be of my shares if prg delist, I call my stock broker and he told me that they will follow up and keep me updated, Why should prg delist? The 30 days deadline if I am right, was for the lender to call default, and i think it was an option, of a renegotiated terms of lending contract. Now the lender has agreed new terms, for convertible shares and other terms. Is convenient of the lender, to keep prg going in hope to find funds. I am sure their 5.25p conversion price would be a good deal in one year with finding and production. So if 30 days go bay, the lender don't call a default, why should prg delist. How can be possible that PM, right now in the middle of funding negotiation, come to tell us that has run out of cash, just to keep the carousel going? I mean there are hundred of option out there, right issue comes to mind, but even Titanium holding so many shares would loose everything like pi, isn't.
yup they can stay in suspension until they get funding probably philips plan to being with but they will need a nomad and rules say 30 days. it is possible there is a tiny bit of leg room for them to get a nomad and 30 days might not be the final date.
Under AIM rules, when a company loses its NOMAD, it has one month to which it must nominate another. Failure to do so will mean the company has to delist. Read the NOMAD RNS for your own confirmation.
Why they should delist? the 30 days deadline is for the lender of the 500k , to wish to call a default or not. The lender is already committed by new terms, to convertible shares 5,25 p etc etc.. so 30 days may go by and prg still listed but suspended, i mean any right issue for another 6 month to find funds, should be to find among pi, of some other private entity.
You can still chat on an Afren board in Discuss the market. I would recommend we use the PRG BB on Discuss the market should LSE close this BB.
Im praying here for a Christmas miracle RNS tomorrow but the sad reality is that it's very unlikely. This Philphil character is comical. He clearly is a reincarnation as pointed out below. 20K & Major_LJ would be an AIM listed company too. I don't understand why he's calling Chauvelin a liar & getting so bitter. It's a discussion board. FWIW good luck tomorrow everyone
Thanks Johnny, have saved the link.
LSE Admin, please don't remove this post. There is an alternative BB Discuss the market, which actually takes posts from LSE and III and puts them on their BB. However you can also create logins just for Discuss the Market. If LSE removes this board, then perhaps try that one. https://www.discussthemarket.com/company/prg/stream/1/
Philphil . To suggest that my comment that it will cost about £300k or more to get readmitted to aim is a lie is exactly what I would call irritating ! When anybody with in excess of two brain cells to rub together can easily check the facts ! I see you are now anticipating a few hundred thousand having increased your original estimate from less than £20k ! The only advantage and upside I can see from getting Delisted and this board being shut down , is not having to read your childlike , uninformed , and misguided drivel !
Do you really think posters on this board do not know you are continuously reincarnating yourself under a different user name? Why do you keep accusing people of lying?
'irritating on these boards sometimes' Yea and do not forget people that out right lie. aka Chauvelin
the pro board sounds like a very good idea to me . I'm not volunteering though ! This board will probably dissapear just after the 29th I imagine . And the website for PRG if they keep it , or ringing them up will be the only way to attempt to find out what's going on thereafter I suppose. Even though people get a bit childish and irritating on these boards sometimes , they can be useful and informative.
Cleversheep,I believe we could set up a topic on the general chat board on this same platform LSE. Other shares who have de-listed /bit the dust [from bitter experience Afren] seem to use it. GLA
Does anyone have any ideas about how we shareholders can all remain in contact, assuming (as now looks very likely) we delist from AIM? Presumably this BB will no longer be hosted by LSE in that event. I know there is an internet service called Proboards that allows users to set up their own BBs, but I don't have time to be the administrator. Any volunteers? LSE ADMIN - I know you normally block references to other boards, but please let this stand and give us a chance to find another home as you won't be hosting this much longer!!
I agree HOLEEFOOK ! Great shame ! And we all slightly naively fell for PMs passion for the project ! If they genuinely are about to get the finance , and actually secure it very soon , there is the possibility of them listing on a different OTC. Market I suppose , whilst they apply to AIM . Unless by some miracle they have just done a sneaky placing , got a nomad and an extension of the suspension. But I doubt they have pulled anything like that off , and if they had , you would think they would not have broken up early for their holidays is my thinking. So it's De listing and all the hassle , expense , time and uncertainty it takes to recover from that I'm afraid ! It's still all down to the financing , as always in these situations !