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So is this a way of ensuring the company is delisted regardless of any shareholder vote ? If they fail to replace their broker are the shares just gone ? By that I mean not converted to privately owned as per recently proposal. Sorry,just trying to understand this mess.
There is a buy at 10:57!
Daylight robbery. Who watches Southpark? "Annnnnnd it's gone"
The sneaky devils.
Didn't see that coming. This is low, even by their standards!
I get investing always has risks but this stock feels off and I suspect deep manipulation. It's baffling how they can get away with it.
Bunsen, sorry for late reply. I thought it noteworthy given the still as yet unresolved issue of the CLN. Its my understanding that the dispute is with Fintech, the same party as is behind LRB35.
I wonder now who was behind the nomad resignation, was it a nomad own decision or have they been influenced by the current board or LRB35? Who knows. This is now such a mess for everyone involved, the company, LRB35, existing holders, Fintech and even brokers who hold shares on nominee basis on behalf of PI's.
Will be fascinating to see what unfolds in the days and weeks ahead even before the 4th January meeting imo.
I think this should be looked into now
How very, very convenient. Stinks! IMHO
What happens with our holdings, any ideas?
Sneaky manipulation. No need for sharehoder approval to de-list anymore. It happens automatically in 30 days, unless they appoint new adviser etc. Will they? Yeah, of course they will, 30th February?
Sneaky manipulation. No need for sharehoder approval to de-list anymore. It happens automatically in 30 days, unless they appoint new adviser etc. Will they? Yeah, of course they will, 30th February?
That's it then. Game over. The ball is completely in their hands
Yep, trading suspended. Locked in now!
From bad to worse!
Naughty games here
Unlikely I’d say. They announced rule 2.8, meaning that they are not making an offer for the company. Therefore there is no update to be made. They are barred from making an offer for the company for 6 months, and also restricted to acquiring a maximum of 30% interest in the company, which is why they can’t oversubscribe above 29.9% if it is forthcoming.
So gut feel is that there is no obligation to notify us anything given the notice of not making an offer was issued. I don’t believe there is a time limit or notice requirement for a tender announcement. Though obviously, given januarys intended board meeting to delist, the clock is ticking.
As its another month since the last notice are LRB required to issue an update statement tomorrow morning?
Gary,
Sorry realised after I posted that you were just re-posting.
Reckon definitely got at least one more mega spike in it before January
Flatliner
Dont shoot the messenger,iam not the author of that post.I just found it amusing,ne odd that somebody obviously reads the posts on this forum,then writes about these posts on another forum,rather than discussing it on the same forum as they were written.Hence the stalking comparison.Who knows what is going to happen to TNT,could be the best thing since sliced bread,or an utter disaster.Never use money you cant afford to lose,an oldie but goldie.
“At times”…🤭
This is less than the current £10, £10m funding. The timing of Barbados deal, suggested Feb 24 full funding, Pegasus offer and by 'chance; they will delist a month before Feb 24 sucks. Short timeframe for PIs to get out. AIM shares can be pretty scummy at times!
I’ve bought more. I reckon big time this spikes hard yet. If not hold into delisting and it’s likely full funding US tech valuation style 1000p+++
Pegasus also behind Barbados deal. These guys are not small fry.
https://www.morningstar.co.uk/uk/news/AN_1695651103265012200/in-brief-tintra-inks-deal-to-provide-tech-for-barbados-bank-venture.aspx
also wonder if any link to this:
https://*********************/newsfeed/article/tintra-plc-exercise-of-option-issue-of-convertible-stock-1255959
Check this out: so LRB35 per Tintra RNS is set up on behalf of Cogut family:
https://www.investegate.co.uk/announcement/rns/tintra--tnt/form-8-opd-offeror-tintra-plc/7777225
Cogut family set up Pegasus Capital which manages $2.5bn of assets. Pegasus now shows Tintra on it's website as one of its investments! Makes the whole delisting feel like a way to oust PIs. Bring private in advance of agreeing full funding in Feb 2024 or just to remove the oversight. Either way, doesn't feel like it is all hot air.... Pegasus, Cogut and John Botros all mentioned further down in above RNS.
https://www.pcalp.com/investments/