The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen 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.
Maybe huge contract to fedex and we will an have a 20 bagger by the end of financial year .........
A few drawing a good wage from this company but still no sign of any contracts..,, eerily quiet...
Not a peep from the bod ? Thought we would have been in the 30s by now.
Very very quite on Twitter and RM2 website. Although still hiring staff.......
The bod definitely deserve these for all their hard work and expertise. Soon to be worthless anyway..
Yep. This will quickly drop like a stone....
death throes !
SA
23 November 2018
23 November 2018
RM2 International S.A.
("RM2" or the "Company")
Share Capital Restructuring, Placing and Notice of EGM
RM2 today announces a restructuring of its share capital (including a 200:1 Share Consolidation) and a conditional Placing of 12,335,162 new Ordinary Shares following such Restructuring at a Placing Price of 105 pence each to raise US$16,837,500 million before expenses
A circular including a Notice of General Meeting will be posted to Shareholders (the "Circular") on Monday, November 26, 2018 to convene the necessary general meeting of the Company (the "General Meeting") to approve the Resolutions to effect the Restructuring and authorize the Placing. The General Meeting is to be held at 5 Rue de la Chapelle, Luxembourg, L-1325, Luxembourg at 10.30 a.m. GMT / 11.30 a.m. CET on 11 December 2018.
A copy of the Circular and Notice of General Meeting will also be available to view on the Company's website www.rm2.com.
Original Investors holding in aggregate more than two-thirds of the existing voting rights of the Company have undertaken to, or have indicated their intention to, vote in favour of the Resolutions. Accordingly, it is anticipated that the Resolutions will be approved at the General Meeting and therefore the Restructuring and Placing will proceed.
An extract of selected parts of the Circular is copied out below along with an indicative timetable of principal events related to the Restructuring and Placing. The definitions that apply throughout this announcement can be found at the end of this announcement.
For further information:
RM2 International S.A.
+44 (0)20 7638 9571
Kevin Mazula, Chief Executive Officer
Jean-Francois Blouvac, Chief Financial Officer
Strand Hanson Limited (Nominated & Financial Adviser and Broker)
+44 (0)20 7409 3494
James Spinney / Ritchie Balmer / James Bellman
The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 ("MAR").
Notes to Editors
RM2 International S.A. specialises in smart pallet development, manufacture, supply and management to establish a leading presence in global pallet supply and improve the supply chain of manufacturing and distribution businesses through the effective and efficient use and management of composite pallets. It is quoted on the AIM market of the London Stock Exchange under the symbol RM2.L. For further information, please visit www.rm2.com
Dear Shareholder,
Restructuring of share capital (including 200:1 Share Consolidation) and conditional Placing of 12,335,162 new Ordinary Shares following such Restructuring at a Placing Price of 105 pence each to raise US$16,837,500 before expenses
Introduction
Your Board announced on 29 March 2018 that the Company had conditionally raised US$36 million (before fees and expenses) by way
This placing is to replace the second tranche which was not approved in September because Rm2 had messed up and fallen behind yet again. All but one of the previous investors are going to invest again at today’s sp and not the previous 1p. And it’s not fully panto season yet ! This lurches from one disaster to another. There is at least one investor who does not see a way forward for this company. Hmmmmm
Who said we would never see £1.00 again .HeHe.
$16 million will pay the directors salaries and overheads for a while but I have yet to be in a penny share that consolidated and then didn't return to being a penny share again within a year or less.
I make it a rule now to sell on a penny share consolidating.
That's me gone!
.
$16M raised & share consolidation. Not going bust, that’s good!! Then the contracts ‘should’ follow.
Strange 1st post. New heavy duty Appointments, funding update & further update on contracts. Build momentum during 2019 & EBITA positive 2020.
Trials? bod is announcing trials after being "in biz" for 10+ years? how many times have we seen that dance. trials lead to possible deal, which gets delayed and never happens.
Hopefully it is not going to go bust in the short term...
Anyone know the potential outcome in this one?
Gross revenue is 1.5M/year. Hugh contract. Gla
The important part of this contract is that Sams Clubs are being turned into distribution centres due to the rise in online shopping. Plus the trials with a global logistics Company & now the appointment with our Fedex/TNT guy. Most importantly Woodford will release the next $18M to find the gap to Ebita positive......
Not a massive contract in terms of finance but huge in terms of potential. Walmart is massive and this is just a small part of Walmart. This is also just 1 of 500 companies potentially a contract could come from.
With the very low sp not a lot needs to be invested for a possible huge return. Little downside but the upside could be massive.
The company is financed for another year and looks like they have now got the proper directors in place to run this type of company.
The timing is good as they need the second tranche from Woodford. I do think that this will come around, their assets are worth $80m. New powerful Non -execs, I can see them starting to announce a number of big contracts after all the trials with big customers.
Hopefully first of many...busy retail quarter coming so I am hopefully...rise due here!
Fed-Ex, TNT?
Cash burn is still an issue . Perhaps enough for another 6 months? Missed targets again ! On the bright side we are still alive and kicking, barely.....
With Fortune 500 Company underway. I Wonder who our 100 trial was with, Amazon? DHL, UPS? Was priced to fail, new high calibre board members incoming,plus funding conditions met, Woody to sign - starting to move North now. Feels like Mazula is turning this around, hell of a task, full credit to him.
I believe there are many erstwhile customers who had a similar experience.. The senior management were more interested in analytics, financials and their own egos than providing any value. The single success story they had was frittered away by unrealistic financial targets - they believe that nothing is better than something small!