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Hi,
I have a tiny holding here held for years in the hope that soemthing transformational would happen and the CEO would earn his huge salary!
There was supposed to be a hearing on the delisting on March 10th (per the 3rd March RNS), yet nothing has been announced about this.
Can you explain why you believe things will work out here? Surely there's a chance the Maxify IPO won't happen and shareholders will be forced into oblivion/unlisted permanent hell?
Cheers!
Date
Event
Friday, January 14, 2022
Notification to SimiGon's shareholders of the Meeting to approve the Merger and the Delisting.
Thursday, January 20, 2022
Record date for shareholders to vote at the Meeting. [2]
Friday, February 18, 2022
Meeting date. [3]
Friday, February 18, 2022
Notification of the results of the Meeting.
Friday, March 18, 2022
Last time for dealings in SimiGon shares
7:30am on Monday,
March 21, 2022
Trading in the Company's shares will be suspended pending effectiveness of the Merger and disablement in CREST
During the course of
Monday, March 21, 2022
The Merger becomes effective upon, and subject to, issuance of the merger certificate in accordance with the Israeli Companies Law. [4]
6:00pm on Monday,
March 21, 2022
The Depositary Interests (DIs) will be cancelled, and all DI holders will be registered as shareholders on SimiGon's share register. Settlement of transactions concluded prior to this date will be performed until close of business on this date.
Record date for entitlement to Merger Consideration.
7:00am on Thursday,
March 22, 2022
Cancellation of admission to trading on AIM
Friday, March 18, 2022
Last time for dealings in SimiGon shares.
--------------------------------------------------------
Then onto Maxify
Outstanding
H&L sent a message saying they would try and sell them.
Bbr391, the restraining order was meant to be discussed yesterday per the RNS below?
"a hearing on the matter was scheduled for March 10, 2022"
https://www.investegate.co.uk/simigon-limited--sim-/rns/update-to-proposed-merger---delisting/202203030700044531D/
even if it does happen, what happens? a company that does aircraft simulations merges with a company that makes cooling systems... none of it makes sense. the company has been a strange affair for the past couple of years and im glad i got out of these a long time ago.
Off the Market & Into Maxify very soon.
Patience is the key to profit .
Outstanding future ahead .
Far Too Cheap today , BUY BUY BUY
Just bought at 1.3p , now need to find out how i can trade these once delisted from LSE
Could be a couple of months til the Maxify deal is signed off .
Best of comeonvog
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Interesting couple of big buys there over £10k
Three & a bit trading days until fond farewells are due .
Maxify your Investment . Please
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Revision .
New Off market date is
Friday, March 25, 2022
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One hopes for a change of direction , until Maxify is achieved .
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Still TOO Cheap .
Fill your boots.
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17K @ 1.45
Busy today
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1.92 to sell .
Still think 2p is today`s likely finish .
Next week will be fun .
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never seen anything so bizarre on here and ive seen a lot
Could be worth £8 million +. crazy
Even better news , just been informed i will soon be able to trade USA stocks in my Barclays account.
Best of luck comeonvog ,
One week more to endure wild fluctuations .
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The shareholders of SimiGon will receive shares of Common Stock of Maxify on the basis of a fully-diluted valuation of the Company of $8,500,000 against a fully-diluted pre-Merger valuation of Maxify of $135,000,000. The Merger Agreement provides that the relative valuation of SimiGon may be upwardly adjusted to $11,000,000 depending on certain circumstances specified in the Merger Agreement
The consideration per share to shareholders of SimiGon ("Merger
Consideration") is expected to be $0.165 per share (before any upward
adjustment in the relative valuation of SimiGon), that represents a premium of
226.86% to the average closing price on the AIM Market for the last 12 months,
a premium of 250.66% to the average closing price on the AIM Market for the
last 6 months, a premium of 285.54% to the closing price on the AIM Market
on the last full trading day immediately preceding the public announcement of
the Merger and a premium of 285.54% to the closing price on the AIM Market on
Thursday, 13 January 2022 (being the most recent practicable date prior to the
date of this announcement).
Does seem that for every share owned you get the equivalent of 13p?
Approximately .
Yes.
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Crazy but true. i will be happy with 12p