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Not sure if I'm crazy but I genuinely believe Brett can still turn this around.
I am up to speed with stuff through several communications with Brett and discussed it with Arminius, so in answer to your question, yes he has knowledge of what's happening and hasn't disappeared without trace.
Brett mentioned he would revisit things second half of September.
He vanished without trace on here after posting 20 times + a day? Has he got any knowledge on what's happening? First Direct wrote to me saying I can't hold the shares in my portfolio anymore as they've delisted. They have talked about sending me the share certificates. If they re-list (fat chance) what do I do with my certificates?
Can someone turn the lights off please
Not a thing, all spending share holder money in Caribbean?
Heard anything from these lot?
Haha that did make me chuckle :-)
And you are the resident comedian spouting forever fiction not fact ay ? Said in an eight year old little girls voice. " You probably are,nt even invested here ! Never seen you post on here..." On the BOD now are we ay Herbert ?
You probably aren't even invested here! Never seen you post on here....
Is that It then ? Nobody giving a jot ?
Its not about the cost, but actually why they registered the company. Also why would they go on that roadshow and meet people like Alastair ford and others in mid July regarding the Tectonic IPO? http://www.proactiveinvestors.co.uk/companies/stocktube/7825/aim-now-starting-to-see-sparks-of-life-mining-capital-s-alastair-ford-7825.html I honestly have no idea what is going on, all I know is I put a blooody lot of cash in this and am hopeful that something decent will coming out of this. I was excited about the tie up between Stratmin & Signature, the 6 month rule affected Alecto Minerals as well so fingers crossed that us shareholders will get something good out of this!
Quindell it costs a 100 quid to register a company. This reads like another cash raid at the AIM atm
Far from it..... why would they register as a private limited company in the UK in May of this year if it was a scam?! Tectonic gold is the renamed company btw if it goes forward that is! He is an Aussie so must be related to the company surely
This reads like a total scam and needs SFO investigation. Have had enough of AIM amd these scams
Yes we are practically funding Signature at the moment so we should see some value here fingers crossed. Im preparing for the worst and hoping for the best!
So if they go down the IPO route do they allocate some of the new shares to existing Stratnin shareholders? Must admit I've had a few delisted holdings before but they have always relisted so I'm pretty unclear as to what lies ahead with the new new plan...
Much appreciated, didn't think the tone of yesterday's RNS was in any way 'game over' and nice to have this confirmed.
Thanks for that, glad he still remains upbeat if this was going to be a wipeout i'm sure he would have just ignored the emails lol! September is only a few months away so hopefully it will be all good :-)
Thank you for your note. We are very disappointed with the failure of Allan Lam and his Axel consortium to deliver the financing in good time, the planned process for resisting was dependant on this. Axel is a well credentialed counter-party with Clifford Chance acting for them and all the checks and verifications completed. We were not aware that there was a risk of exchange control delay and without the funds coming into the ESCROW account as expected, we were unable to get an extension from the AIM team. The plan remains to complete the transaction and relist as an IPO, not an RTO, but with the same deal. The timing is impacted now by the summer hiatus and the brokers have advised that we should wait until the second half of September to revisit the capital raise. The deal with Axel was for a larger sum than we required and was sized to give them a desired 25% position fully diluted. We will look to raise a smaller amount with less dilution in September and continue as planned. In the interim there is funding in the bank to continue the technical work on the gold projects. We have had progress with the licensing in Czech Republic and have progress on those fronts. There are a few investors asking the same questions, so I am copying this message to a number of your fellow shareholders. I am also working with the Consolidated team who lead the original RTO to see what support they can lend to the Company in terms of accelerating to a new listing. My focus now is to keep the team motivated and work as quickly as we can on recovering the transaction and the listing ASAP. Please do keep in contact. I know that no communication is the worst possible outcome and we want to keep you praised of what we are doing to get back to market and build value. Regards Brett
China - Foreign Exchange Controls Includes how foreign exchange is managed and implications On December 30, 2016, China People’s Bank of China issued Measures for the Administration of Financial Institutions' Reporting of High-Value Transactions and Suspicious Transactions, the goal is meant to target money laundering, terrorism financing and fake outbound investment transactions, and not normal, legitimate business activities. Under the new rules, From July 1, 2017, banks and other financial institutions in China will have to report all domestic and overseas cash transactions of more than 50,000 yuan, compared with 200,000 yuan previously. Banks will also need to report any overseas transfers by individuals of $10,000 or more. In addition, all banks must report to central government on every single foreign exchange transaction of at least $5 million. SAFE will supervise and halt any on-going ODI projects in which Chinese investors still need to transfer more than $50 million out of the country. Only once they have vetted the authenticity and legality of the company's ODI plans will the green light be given. Prepared by our U.S. Embassies abroad. With its network of 108 offices across the United States and in more than 75 countries, the U.S. Commercial Service of the U.S. Department of Commerce ut
Looking to relist as an IPO rather than RTO. Re visit the capital raise in the second half of September. The deal with Axel was for a larger sum than we required and was sized to give them a desired 25% position fully diluted. We will look to raise a smaller amount with less dilution in September and continue as planned. In the interim there is funding in the bank to continue the technical work on the gold projects. We have had progress with the licensing in Czech Republic and have progress on those fronts.
Or do we sit and wait further developments?
Wouldn't call it a wipeout just yet you're getting a bit ahead of yourself. The second court date in Australia should have taken place, or due to take place so let's see what the company releases in the next few weeks or months :-/ can do nothing but wait at the moment
Yet another AIM total wipe-out. Unfortunately I've held quite a few that's gone the same route. Thoroughly p****d off!