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Just sat down for the first time and read through the circular, this stinks of the stereotypical cesspit AIM share, how could they f**k it up this bad in such a short space of time is phenomenal.
I'll be voting no to the slaughterhouse and take my chances on 'hopefully' a RTO into something decent, where we are sat at a £2M MCAP there will be alot of potential suitors that could RTO here with the right BOD.
Voting yes you're practically diluted to 0 through options and the added bonus of not being able to trade your shares, brilliant news.
Don't get me wrong I still hope this is a 'play' and as mentioned below nothing is written as a certainty, it is carefully worded and very vague. The corruption here to shaft PI's to date is epic, I genuinely thought Alex Snow coming in might change the direction but it seems he is part of the problem.
Too coincidental we announce a partnership with Exscientia on 24/12, then he has options as part of his appointment up to £2m but buys none off the open market (waiting for Gatemore, Sand Grove & Peel Hunt to exercise some options). Drayson killed this company with so much potential by running it the way he did, Snow is the hammer with the final nail for us shareholders. Feel for anyone who invested as 180p to 1p in 15 months is a travesty and the people responsible should be held accountable by the FCA.
Urge people to vote NO as this company has failed to deliver on any promises to date so why should we trust them when they state the resolutions are in the 'best interest' of the shareholders.
ALEX, you had a chance here to turnaround a public company and retain shareholder value, instead you have been a pawn in the game happy to make yourself a ton of money at the expense of people who don't have a hundredth of your Net worth. I hope one day it resonates with you that every £1 you make from this company you have taken from those less fortunate than yourself.
>people responsible should be held accountable by the FCA
I'm actually so surprised there has not been any pushback or whistle-blowers coming out of this whole situation. Is the NHS really happy with that outcome? Whose pockets got filled real deep to make it that way?
If only we had crystal amber fund onside, similar to what they achieved with Hurricane Energy. The sad thing is Gatemore were supposedly doing this with their letter to the board this time last year. Seems they have been pulled in by hedge funds and into the mire with Peel Hunt etc.
LESS THAN A YEAR AGO
https://www.reuters.com/article/us-sensyne-health-listing-idUSKBN2EP0NM
The company went too big too fast. Needs to go back to basics. Maybe it will de list, get everything sorted in a couple years and grow enough to list on main market? I just feel in my gut that if the company is run smoothly it will become even more successful than ever before.
But it shouldn't be able to have a second chance with big boys only ones profiteering. The company delisting just puts all the failure at the expense of shareholders and gives them a 'free hit' to try again.
How do we think the SP is going to react over the next couple of weeks? Totally agree to vote NO!
The SP at this stage is practically worthless, It is now valued as a shell company or a company going to delist (with the likelihood of never returning) which based on the actual assets and technology the company holds is a crime in itself. It ahs simply been mismanaged.
The SP CANNOT really go any lower unless people really want their peanuts, fully expect some sort of pump either on any news that there is possibly an option 3 or just before de-listing (which strangely happens alot) see MCLS, NAPS most recently. My advice hold and vote no, but I do think the resolutions get voted through.
I think it sees 3p again before de-listing but that is still an insult from 180p 15 months ago.
Holding 160 k shares , holding via Barclays do I request to vote on my behalf? NO For me...anyone could advise as to vote a link will be appreciated... £60k loss overall holding dud shares has nearly wiped me out..last of Aim stocks £1.80 to 1p is criminal....
I’ve not had a vote come through on HL either
Nothing on Lloyds.
Voting No.
No way they should be allowed to steal the company from shareholders for such a nominal amount.
Need another bidder.
which platform has issued the Vote? I'm also with HL and not seen anything come through
ii has allowed you to vote.
You can just message on HL, see my message below.
Hi,
Can you please submit my voting instruction for all my held shares at Sensyne general meeting to be held on the 6th June.
Resolution 1 - Against
Resolution 2 - Against
Resolution 3 - Against
Resolution 4 - Against
Resolution 5 - Against
Resolution 6 - Against
Resolution 7 - For
Resolution 8 - Against
Resolution 9 - Against
Resolution 10 - Against
Resolution 1 - an ordinary resolution to grant authority to sub-divide and re-designate each existing ordinary share of £0.10 in the capital of the Company into one new ordinary share of £0.008 and one deferred share of £0.092 in the capital of the Company.
Resolution 2 - a special resolution to approve the amendment of the Articles to include the rights of the Deferred Shares following the Sub-division and as set out in the Revised Articles.
Resolution 3 - an ordinary resolution to authorise the Directors to grant rights to convert the Loan Notes into Ordinary Shares at a conversion price of £0.008 per ordinary share up to an aggregate nominal amount of £26,350,000.
Resolution 4 - a special resolution to empower the Directors to dis-apply statutory pre-emption rights in respect of the grant of rights to convert the Loan Notes into Ordinary Shares, provided that such power shall be limited to an aggregate nominal amount of £26,350,000.
Resolution 5 - an ordinary resolution to authorise the Directors to issue the Warrants to subscribe for up to 29,169,448 ordinary shares of £0.008 each.
Resolution 6 - a special resolution to empower the Directors to dis-apply statutory pre-emption rights in respect of the issue of the Warrants described in resolution 5 above.
Resolution 7 - an ordinary resolution of the Independent Shareholders to approve the waiver granted by the Takeover Panel under Rule 9 which would otherwise apply to the Concert Party (or such other persons as determined by the Takeover Panel) as a result of the issue to them of Ordinary Shares pursuant to the Conversion and/or the exercise of the Warrants.
Resolution 8 - a special resolution, in accordance with Rule 41 of the AIM Rules for Companies, for the cancellation of the admission to trading on AIM of the Ordinary Shares.
Resolution 9 - a special resolution that the Company be re-registered as a private company.
Resolution 10 - a special resolution to adopt the New Articles upon the Re-registration, in substitution for, and to the exclusion of, the existing articles of association (which at that time will be the Revised Articles) to reflect the Company's Delisting and status as a private limited company.
Regards
Joseph Jones
You can now vote cooperate action on HL. Log in on laptop/pc not your phone.
Just voted NO on my H&L account
I urge everyone to do the same. Every vote matters no matter how small, we have to show some resistance!!
The question is now will we see a move to the upside before the 6th June??
If Gatemore stand by their principle values there is hope;
Gatemore manages an engaged investment strategy across public and private markets. Whereas most fund managers focus solely on identifying value, our strategy is based on creating value through deep shareholder engagement across a wide range of opportunities — from corporate turnarounds to high growth and venture capital — and within sectors including industrials, media, consumer, healthcare, and clean technology. We believe that taking a more active approach enables us not only to outperform but also to understand and control risk in a fundamental way.
Also Snow has been very out of the 'light' since taking the reigns. There is no downside here anymore but I feel the risk is too great to appeal to new investors. Stalemate til the next move.
If anyone with better legal knowledge than me, I would be greatly appreciative of a letter to Gatemore on the change of stance from last year, I really hoped they could be our Crystal Amber to Hurricane energy.
Shareholder approval date is 16th June and then delisting 20th June
I've voted No, on HL you have to sign in on a computer and do it. deadline for HL is tomorrow I think
Anyone see there being fireworks here before the 20th June? I don’t think anyone wants to see the SP fall everyday upto the 20th June!