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You would think that there might be a little more action today as there is no chance of trading after today
I think sellers have already made their minds up to hold, unless they are unable to sell
Yes but i have 43120 which i would like to sell for 10p (each!)
it wouldn't be possible for every share to be sold! it's just pi's selling and, even then, the opportunities have been limted. there have been some gamblers who fancy this being sold at 10, 20 or even 30p which is possible. but i suspect anyone actually interested will be able to pick the company up for less than buttons at some point. 10, 20 or 30p is likely to be your payment in total!
written off... but keep the docs just in case. if you can believe in santa then anything is possible.
Yes put it with my other delisted stock which has been there for 10 years. No dividends and pretty well no information other than the published accounts, if either produce any value it will be like winning on the lottery. Suspect all those on this site who seemed to be looking forward to the delisting will realise that the grass is not greener.
What's your other share out of interest? Which sector?
Delistings come in all shapes and sizes. I honestly don’t think the concert party have ten yrs to sit on their money..by the way, Alex is one of the concert party.
In my view, this company was failed by bad management but with a capable captain in Alex, I think very soon it will be oven ready. Gut feeling is 2yrs maximum for results.
>Delistings come in all shapes and sizes. I honestly don’t think the concert party have ten yrs to sit on their money..by the way, Alex is one of the concert party.
I did ask the other poster to give an example of their other company they are holding, just out of curiosity, but you're absolutely right - no two delisting situations can be directly comparable, it's all just personal biases. It could be good timing. We are (I hope) near the bottom of this economic cycle. Once things start looking up and investor confidence starts looking up, it would be prudent for them to try to relist in the US.
Even if they exercise the option to convert all the warrants (which is not a given) and end up with 1.5B shares, as a modest scenario is it too crazy to say this could be a 150M market cap company - 10p a share? US market valuations are crazy, could be way higher than that. Sucks for all the OG holders for sure, but not for any recent ones.