Ryan Mee, CEO of Fulcrum Metals, reviews FY23 and progress on the Gold Tailings Hub in Canada. Watch the video here.
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Someone has bought 8 x 2.1m blocks today at a cost of around £40K.. I guess if you know this is definitely going to be passed, then why not buy shedloads at 0.235-0.245p, knowing you will get 0.25p in a short while. Pocket change, but free money.
Thanks for the heads up, definitely will be voting against this proposal.
Me too. We all should vote no unless you are BoD family or friends that wii be getting brown envelopes if the deal goes through.
No here as well.
Investors taken for mugs again.
Me too...absolute insult to investors and there should be some kind of retribution to the Directors...
Voted NO online - took 30secs
Received voting forms today via HL. Voted No. I believe the buyers need to achieve 90% of shares/voting rights to push it through and force the remainers to sell . is this correct. What do you think the chances are of small retail investers are holding onto 10% or more of shares
Some small shareholders wouldn't be aware of this as we don't receive any voting papers we have to ask brokers to vote for us.
Me too voting No. Most small shareholders would vote no but yes will win as big shareholders would vote las it is too much trouble to call brokers to vote for small shareholders. Also large shareholders that bought recently to support buyers on this company would vote yes.
Anyone with Trading212 needs to contact them to make sure you get a vote. In the past they have needed a nudge to pass on that option. I'm also voting NO. Unfortunately the institutions voting YES, will most probably get this through.
Voting no as well. Can we also vote to replace the board and get a placement to save this company? Because surely if the vote doesn’t go through investors would want to extend the life of business.
...voting no.
I'm definitively voting. I'm not concerned about the losses I may incur; this company's criminal ways must end.
Ceo and cfo get half a million each in wages and we get .25p a share.
They are legal criminals.
Going to have to do better for their shareholders to get my Yes vote.
Documents outlining the offer have now been sent out to Velocys shareholders, and a vote on the proposal at court and general meetings has been scheduled for 8 January 2024.
Carbon Direct Fund has agreed to provide a secured bridging loan of £3.5m to provide sufficient capital for Velocys through to completion of the acquisition.
You will not get a choice to hold shares in the private company, if it's voted through you have no option other than to accept the 0.25p per share you hold in cash and the shares are delisted.. it's sayonara to the current shareholders and any future explosion in value of the company will all belong to the new owners (and the management who manage to hang on in there. )
Do we estimate the value of the privately held shares will go up once there is anther 40 mil pumped into the company?
Small correction. If the company is taken private its shares will delist off AIM but they will still exist. If people choose to keep their shares they can. Holding shares in a privately held company is risky. The company will no longer be bound by AIM rules re RNS etc. Potentially very difficult to buy and sell privately held shares. You’re tied in and wait.
If the deal goes through, then the company will go into private ownership and there won't be any shareholders.
Who would want to vote for that!
But the bid price is not just the only cost....the consortium are investing $40million into the business.
If they say the company is insolvent if this deal does not go through, then shareholders should vote for it
I think the offer will be turned down as well - it is just too low. The infrastructure is in place with 2 big airlines pledging to buy SAF. The main obstacle now is getting the build to a point where current investors, new investors, are confident that 2 airlines will make a legal binding contract for SAF and new clients come on board. Where the board has failed is waiting too long to get the secured funding and not having various back up plans to protect their investors
Wow all the directors own 0.43% between them
Says it all really!!
What date is the meeting where they need 75%
I can see this being turned down and the price spiking and then the bidders coming back with a [slightly] improved offer
Gyroman - Yes you wiil get .25p . Makes no difference how you vote.On a takeover they to offer all shareholders same amount .
Yep, silly question :-)
Your no will have no impact on what you are paid out when it gets carried by the insti investors agreeing to getting something back rather than nothing... Landsdown Partners have agreed to it and will take an enormous hit on this, in the tens of millions of pounds - they will get back about £750K for their 303m shares..
What I'm curious about is why the offer at the moment is below the 0.25p sale price and people are prepared to sell millions of shares 5-10% below the sale price rather than wait.. are they worried this is going to fall apart and they end up with nothing?
Silly question , I know but if I vote no to this derisory .25p takeover will I still get it if the 75% threshold is reached. I assume so, as I doubt they can check how each and every shareholder voted and if they voted not to accept the offer then make them get nothing.......