We would love to hear your thoughts about our site and services, please take our survey here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Took their entire stakes at 2.5p.
As i said earlier the volume today is probably the 2 institutions in Herald and Rathbones. Herald held 1.5million share and Rathbones 1.6million.
"as the Board considers that being listed is no longer in the best interest of the Company. In reaching this conclusion, the Board has considered the following key factors (amongst others):"
I wondered what the "(amongst others)" entailed
Should have read ‘if they have the 75%’ not so they have….. If it does delist, I wonder what price you’d get under the Match Bargain Facility if the new investors were happy to come in at 2.5p? All things considered I do think the SP is too low and a bounce will come IMO
But so they have the 75% and if they do why haven’t they said so? With recent new contract wins, cash to come in from customers (eventually) and cash from the £1.1m placing there is more value than the current SP in the shares IMO.
They did take the entire placing at 2.5p. I suspect the sellers today could be Rathbone and Herald . Both combined hold around 3 million shares.
I had a similar thought, Leo IX. It is difficult to imagine that the new investors did not know that this was planned. Teddy Sagi and Kape Mark 2, methinks, except Kape was successful and one would be hard pushed to describe Pelatro as that.
Thinking about it, if they had the commitment re 75%+ of the votes or were anywhere near it they would have said it in the RNS and provided full details behind the cancellation. I wonder if they are buying up shares on the cheap following the panic selling with a view to later announcing their percentages. It seems to me the delisting is not by any means a done deal and it might be worth waiting before selling (how worse can the SP get?) and see how it pans out. If they can’t delist the SP should bounce back. It may be that that amounts not recovered from customers are more recoverable than we have been led to believe and they want to keep the bounty for themselves. Might be right, might be wrong….z
Nidgeyr - if the new investors hold 44% between them and 75% is required to delist, then the whole thing was stitched up with them at the time of the fundraising. They are already on board.
The RNS gives a reason of cancellation as “AIM no longer sufficiently provides the company with the advantages of providing access to capital” yet they did a fundraising just 2 weeks ago. Disingenuous or what! I wonder whether they have sufficient support for the delisting to secure at least 75% of the votes. The next RNS should reveal more. Awaiting it with interest
Almost criminal behavior, A placing a few weeks ago then a proposal to delist.
How do they get away with it?
I wonder how those Middle Eastern investors must be feeling seeing as though they bought in at 2.5p?
Sharealot, sorry mate, I misinterpreted your comment.
Please re-read your information and then post an apology! If you can find any post of mine pumping, you are seeing things!
Sharealot, you were pumping here! See your quote below. Don't try to act like you have any morals.
"This does not fit in with your statement! (some will tell you to sell as they are looking for a low entry)."
Just flag him on any board he turns up on. If you look at Ria20 posts they are the same on any board he turns up on! The person whoever (Ria20) are, they are a parasite!
Barely completed the placing and then delist. Well done Aim another absolute treasure. And congratulations to Thompson at IC
Oh dear Ria20 and Laura2022, how many stocks you P&D and the newbies left holding the baby?
You have no morals whatsoever. You are just a pure evil money-grabber. You pump and suck all the money from newbies, and then you walk away!
I have never seen you stay in the same stock for more than a few days, promoting fundamentals or value. All you do is pump and say that the stock is going to the moon and that the volume has crossed.
A meeting will decide whether to de - list from aim. What a bunch of losers this company consists of, considering they had a recent fund raising. Realise there are certain poor countries overseas though and their governments are hopelessly slow at resolving issues re making owed payments.
'' The delays are partly due to the countries in which the customers are based, being Nepal, Myanmar and Bangladesh, where the governments are yet to provide approval to the customers to make the contractual payments. This is because it involves payments to a foreign entity, which is government regulated and requires prior authorisation in these countries. In two instances there are also recent disputes over the payment due to the Company, where two customers, based in Nepal and Myanmar, are unwilling to pay for the services and products received. This impacts $375K of the total $1.1m. The Board remains confident of collecting those amounts that are awaiting government approval in the respective countries but has currently no certainty as to the timing of the transfer of funds and is mindful of the impact on working capital of these delays continuing. ''
Certainly glad my order not filled, disgraceful from the comapny
Shouldn't have any troubles buying today
Hopefully they will allow one than just £900 today
Whilst this is not a negative RNS, the bigger vote of confidence would be investment from the Directors. No shares have been bought for a long time and the SP has dropped phenomenally.
My buy order was rejected/unfilled
I will try tomorrow
Cannot buy still
Hopefully one is mine as still not filled and as you say you cannot buy on HL
A.I in medicine is all over the media so worth checking /looking at pyc