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WOW so confident now in this investment
Personnel, both direct employees and advisory board seem very credible…been a long wait, but looks quite promising…
"Medical cannabis farm to float in £40 million Spac deal"
A university drop-out turned mining investor is set to launch one of the year’s only stock market floats as he lists his medical cannabis farm in a £40 million special-purpose acquisition company (Spac) deal.
Paywall for rest
GC, I share your thoughts. ATB
I really don’t understand the bad feeling here. We initially put our faith in the directors and it seems they’ve moved heaven and earth to bring this back to the market. I expect there to be plenty of PR and the shares will be so cheap when relisted I’m quite excited about it. Fear of missing out might kick in from the market. I’ve been holding these for so long now another month or so will make no difference at all and with the silly things that happen over the Christmas period it might just come good. I’m not giving up on them now before I see what happens in the next month or so.
Yes thanks for the information chaps.
Thanks for replying,,im with Barclays too
When I spoke to Barclays they said in their opinion something unusual like this relisting can take a day of two for them to release the newly listed shares registered to trade on .y account..so you might be lucky with your Broker but I'm not expecting mine to be tradeable until the 7th Dec...
Hi moniman,,is that after they have gone live we have to wait a couple of days,before we can sell or buy , or a couple of days from when you enquired ?,,thanks in advance
PoP..You're not even mildly funny. :-(
Moans, I've said it before but have a google. Unit Trusts.
I asked Barclays and they told me we may have to wait a couple of days for them to become live as they have admin to do...not sure if it's the same for everyone, best check with your broker. ..I can't wait to get out of this SPAC, won't be doing it again as there is almost a zero chance of any SPAC making it to market if you believe what PoP has to say, and even if they do make it to market you'll be lucky to break even at best? SPAC's in the UK appear to be a complete waste of time with big risk and zero reward. Beware SPACs seems to be the message that the market is sending out...almost as bad a the Crypto Currency scam imho. Adyor!!!!
Looking ahead to the 5th - will these shares automatically be re-admitted to our nominee accounts and become ‘live’ and ‘traceable’? Any info will be appreciated. Regards
Yes PoP, but we have done the research and yes we have waited 2 years for the FCA to get of their lazy ars#4es. So now we have an interest in the 'FIRST EVER' fully listed legal 'Cannabis' product company in the UK. Seeing as it hasn't gone bust or failed to come to the market, then I would expect some big rewards for the time and money invested, but it looks potentially like we might just about get our money back? I don't think that was what was intended for the primary investors taking the big risk was it? What you're saying Pop is that every SPAC even if it gets a sucessful listing will just about get you your money back? Well if that were the case everyone would just wait for the IPO and take no risk whatsoever. I think it's you who should be doing some research on google you fool. Fingers crossed the re-listing goes off very well and then I can congratulate the BOD on a job well done!
Best ask the burke 'PoP' he seems to have all the answers about SPAC's!
I bought these shares through my HSBC account. Apparently on readmission UK Spac/Hellenic Dynamics will not be an 'eligible security' to trade through HSBC for any foreseeable time. In essence I still won't be able to trade even when readmitted. I do have a share certificate of course but I have never sold through this method. Any thoughts or advice? Thanks, Jim
Moans...Go to google enter S P A C. Do some reading and the come back here and tell everyone you weren't warned. A
Spac is literally the biggest gamble someone can take. Combined with the fact that they have gone for a company in a taboo industry, you should consider yourself lucky your getting anything.
You've got a nerve...It's taken 2 years to get here and some Highwaymen want our shares for 0.18p...!
Definitely time for Unit Trusts for you mate.
I assume they have the courtesy to wear a mask and black cape when they pay you 0.18p...what a bunch of highway robbers!..All that that long term investors are likely to get is their money back without interest? ...no more dodgy Spacs for me if that's the outcome of 2 years of risky investment? Adyor Aimho
Well they are trading on JP at 0.18 which tells you nothing as they match the shares with buyers and sellers through your broker which is a total gamble it won't be long now till admitted on the stock market ..and see what happens then
I missed this RNS yesterday. JP Jenkins have offered a facility to trade before 5 December. It probably doesn't apply to many of us on here because we hold our shares through a nominee but it might give us an inkling of how many buyers are out there and what the opening SP may be.
RNS
Following the announcement by UK SPAC on 15 November 2022 of its forthcoming re-listing onto the Standard segment of the London Stock Exchange (Investegate |U.K. SPAC PLC Announcements | U.K. SPAC PLC: Publication of Prospectus) the Company is pleased to announce that the JP Jenkins facility will be operational (under the ticker: SPC) until close of business on 2 December 2022, the working day before the shares are admitted to the standard listing segment of the official list and trading on the London Stock Exchange Main Market on 5 December 2022.
Shareholders wishing to trade these securities can do so through their stockbroker. Trades will be conducted at a level that JP Jenkins is able to match a willing seller and a willing buyer.
The indicative pricing for the ordinary shares (ISIN: GB00B3CQW227), as well as the transaction history, will be available on the JP Jenkins website at https://jpjenkins.com/company/uk-spac-plc/
Trades can be conducted, and limits can be accepted, during normal business hours and brokers can contact JP Jenkins matching desk via STX 76086. Shareholders or potential investors can place limits via their existing UK regulated stockbroker.
There are two groups looking at this. One obsessed on price and the second one looking at the actual business.
The price was pitched at 0.47p on return and what would have happened, be honest! A lot of holders would have sold for peanut profits and be happy they got their money back. The price would then have sat back at around 0.3p and then the same sellers would have then been in and out all day everyday dragging the price. We then go nowhere fast.
At 0.3p those who wanted 0.47p are now in a mire not knowing what to do. Get their money back would be my first guest. Those looking at the growth in the cannabis industry and going forward will no doubt be adding.
I could be reading it wrong but from some of the posts its blatantly clear some like showing their cards.
82% Dilution for existing shareholders?