Proposed Directors of Tirupati Graphite explain why they have requisitioned an GM. Watch the video 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.
If anyone wants more info on the process, have a look at the NFX RNS history, they did the same thing. Obviously different company, different deal, so don't read anything else into it apart from the process.
Thanks Red. As I said info will be able to be verified prior to relisting when the prospectus comes out, 2 weeks prior to the EGM. Just need that takeover panel approval first.
Fingers and everything else crossed for a big relist!
Hi Abman - I said the same thing myself a little while ago, that ramping/deramping is futile when a share is delisted. But even you clarifying that the big deal is from 'a source' means people can take your information as they see fit - either believe or disbelieve. Personally, I have always found your posts positive and as accurate as they can be when opinion also plays a part. Keep well and let's hope you and your source are spot on!!!
There are a few lacking in this department on AIM for sure. Paying themselves large salaries and not doing much or giving half truths to fool us pi's. I hope it re-lists and at a higher price as this will provide some liquidity for myself and others.....tick tock not long to go.....hopefully!!!
To Aberdeenman for that update, it's appreciated.
Just to add Red, as this is suspended, there is no advantage to be gained in anything I have said, but I could see that some peeps were getting very worried about what is happening, believe me I have been there, so much better to put out some info to try alleviate some concerns.
Hi Red, got it from 'a source' Sorry I cannot be more specific, but expecting deal to be done in two stages. First will be placing for �4-6m, on approval for deal to be done (EGM). There will be a much much larger sum raised. From what I hear the funding is already sorted for both stages, with the latter just under 200m no-one needs to believe me, but all will become clear in a couple of weeks or so, I can be judged then. first bit to get through is approval from the takeover panel, but doubt there will be any issue there. Also from what I here, there was much more money looking to invest than has been agreed (very oversubscribed), which bodes well for the relisted share price. Given also, once constructed, this will be a very profitable enterprise generating significant revenue, it would seem to be a very good investment. As for CTAG, what can you do with a CEO who lies? Been caught out with that on a few others lately, so am restricting my investments to where I am certain of what the company is doing and there is integrity in those running/behind the company, which is the case here. The very large investment is coming from a very small number of investors, and I expect a new high profile appointment also. finally also expecting a share consolidation, which is sensible on relisting.
Hi Abman - nice to see you back on this Board but could you just advise where you got the information about the "very large deal" ? Your information about timings sound realistic but not sure where else you get the deal information from ? You received a lot of criticism for your optimistic reporting on Ctag (unfairly in my opinion) but it would help this time around if you could detail where you found out about what Red Leopard deal is in the offing? Many thanks.
Seem to know what you're talking about so hopefully not long to go now. Sounds good. What MCap on re listing?
I�ll be more than happy with next month. Can all holders put any news or rumours on here so at least I know we are still alive and purring....
Next month is fine by me :) GLA
IF early 'next month' & timing might then nicely coincide with 1st flows of 200bopd from some rather remote nodding donkeys...
Hi stay, think the 24th is a little optimistic, documents about to go to takeover panel, and expecting relist next month. Very large deal! prospectus will be out after takeover panel approval (should be very quick), then EGM called, two weeks after EGM announcement. If vote approved, then relists following (market) day. Been a long slog but given the size of the deal hoping there will be a decent uplift on listing. On the subject of share certificates, it is likely those who held in an ISA will have had share certificates issued, as the 'delisted' company shares cannot be held in an ISA, but some brokers are slower than others.
Just a rumour but keeping my fingers crossed for next week. Not alot we can do apart from hope anyway!. Time will tell. GLA.
fsa15, I think you should call HSBC and see if they can shed any light why this has occurred. My view is that we are now holders of worthless shares ,sadly. This could be a sting by the company to approach all small holders and offer to buy them back at a cheap price and then IPO. As it stands stock market rules don't apply anymore.Without a broker they are in a lot better position . Its bullying , I know ,but I've heard of it done. A call to the company might even be better a front them out , that way at least we know. If this is what happening I'm gutted.
Stuleo your right, that article doesnt sound promising. My gut feeling is that we won't end up getting relisted either. However, that article doesn't necessarily talk much about our particular situation of a rto. One can only hope that some sort of deal gets struck. As for my share certificate, that's where I don't know what happens if we get relisted
FSA15 , I have been searching around and found and article in Share Magazine from 10th december 2015, relating to delisted share certificates. Now , I've no NO experiance of reading such articles . Please read this if you can as my view after reading didn't look very promising . My broker is HL and will watch closely for any movement . Anybody who knows anything about this situation ,please enlighten us . Thanks
I mean this delisted situation could last month's yet ...nobody can put a timescale on it I guess
Just received my share certificate for my holding in RLH. My broker is HSBC, now IF RLH got relisted, would I need to do anything? Anybody else received their certificate or have experience of this situation?
The phone is in the City and Westminster office where they all work anyway. Be nice after 8 months to get something more than "sit tight" or "watch this space".
I rang the company yesterday and as there was no answer left a message. A very pleasant chap just called me back (I really didn't expect a call back!). But credit where credit is due, the chairman, John May called me and in answer to my query reassured me to sit tight and await developments. He joked that the phone is still being answered! He sounded very chirpy and upbeat.
It has not even been 2 months since cancellation and it seems like a lifetime ago. I suppose if you add on the months before that then it really has been a while. Im happy they are still answering the phone and the lights are on!
Thanks. I didn't think they were under stock market rules anymore.
The phone was answered within 2 rings and again by the Chairman John May. As you would expect John couldn't say anything to me that he wouldn't have to report to market, but he said they are still working on things and be patient and watch this space. He sounds an honourable man as far as you can judge a voice over a telephone and as we're well and truly locked in we have no choice than to trust that a deal will be done. VGLA Leopards!!