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I don't know, my friend, it could be that some form of partnership/merger with Exscientia is on the cards - the other company Mr. Snow used to be involved with. Or if not, since they mention US operations, maybe they are hoping to re-list there? And maybe no intent behind the words, but I find interesting the choice of words in saying 'will be supported from the UK', not 'led', but 'supported'. So, does that also potentially imply the possibility of a US-listing?
Regardless of what happens, it's hard to call whether PIs would get shafted, isn't it. But then, looks like Drayson is holding on to his shares, so you have to wonder why.
I didn't go 100% in on this, and reasonably comfortable with my level of exposure, but anyone who got in hoping to make quick profits will clearly be disappointed. I just hope that freetrade don't memory-hole the shares into the void, so that when/if the company does re-list, these will be transferred/converted appropriately.
@micru what now are your thoughts, with the info you have just shared?
Circular full text:
https://designstoragesa.file.core.windows.net/design-files/263439_Project_Starling_CL_Circular_18May2022.pdf
Note the file name. Project Starling.
"Starlings are symbolic of communication, of your relationship with your fellow members, and your standing in society. They also symbolize unity; often seen flocking together"
Lmao, merger on the cards?
I also noted:
"The Company will also focus its activities on the UK to support its partnership with the NHS and, consequently, its activities elsewhere, particularly the US, will be supported from the UK."
Note the 'US' bit.
@micru yes I understand that, but there is a possibility of relisting or take over which I believe we have protection for 10 years.
It's a severe gamble or have shares in a shell company with no assets at all.
The re-listing note is with regards to re-listing as a private company. There is no forward-looking statement on re-listing on the market.
Well it looks like the heavy shareholders are going for delisting. Its either that or everything gets sold for a £1.00
I think , I will vote yes for the hope of relisting as it
states in the paragraph of delisting.
Best wishes schalf
Assuming we will open at .8 in the morning
Hardly a choice there, just looking at the Recommendation section. Sounds like the heavy-hitters intend to vote in favour. If they don't, the whole shareholding can be taken over for nothing.
De-listing is not the end of the world. Guess the question is will it ever re-list.
Does anyone know if their broker allows to trade unlisted securities? I'm with freetrade at the moment, and thinking now I need to transfer while there is still time.
Doesn’t look good to me! Looks like it will delist.
Have skimmed the circular and without professing to understand very much of it, don't think it reads anything like good or optimistic news. Am I wrong?
Very easy to sell on HL
Not easy to buy, but got some.
Should be some news soon.
Umm! Just shot up 10 %
Bugs :) Obviously I mean Buys!
Are we going to see some large bugs pop up again at these levels??
I’ve emailed the company for confirmation
Can only be news on 20th if the announced GM in first week of May(3 wks notice), still haven’t issued circular so no GM planned as of yet!
NT to buy anything 1.35p on the ask. Come on MM's.
Been trying to buy all morning on HL but can only buy £200 worth
Will we get a RNS for Alex Snow rugby-tackling Drayson?
I actually don't think we will hear anything before the 20th and I doubt the board meeting is going ahead as planned, there must be major discussions/restructure happening in the background which we're yet to hear about. (Hopefully all positive)
The only thing we've heard since Alex coming in is there is potentially part of the business going up for sale. There have been some changes though on when/what you have to RNS which is what a lot of companies have been taking advantage of.
There has to be news before 20th , it’s wether it will be positive news
Yes the more you can sell the more the demand is there.
Thinking of having a gamble here, it’s a binary outcome but could multi bag if no delisting and debt paid down.
GLA
It means some one wants a them