AAI.L Share Price (AAI)

So once they get their **** together, their story and direction aligned, and get funding they may be able to convince a new NOMAD to take them on which means they will be able to relist. The last one resigned, ultimately due to the change of direction,and another could not be appointed, which meant AAI could not keep its AIM listing (you must have a NOMAD on AIM). Worth noting that although this did get very messy very quickly, particularly with the tax man taking over £2mil out of their bank account to serve a debt not due by AAI (typical African short sight and frankly ignorant stupidity), Atlas did turnover £20mil in the oil sector with one of it's clients being Tullow Oil. Bad luck and a turn in oil price really stuck it to them. I'm not sure I bu into the whole bottle plant plan as a plan B. But they do have contacts and if this guy we're paying to drive the gambling business meets his targets then it might stand a chance. Hopefully they will start with a share consolidation. Very tempted to buy stock in the placing depending on who buys and how much of it will be sticky money.

Sorry for my lack of knowledge on this - but what does that mean for shareholders who invested. Relisted onto what exactly? AIM? What mention of that is there?

http://www.atlassupport.com/documents/AtlasAfricanIndustriesLimitedCircularWEB15.12.16.pdf Should be able to get relisted once finance and direction is in place. Africa really do themselves no justice screwing over UK companies like this, particularly when their judicial systems ignore the truth and ruling of the high court. Gambling is big business wherever it happens. Again in Africa we have to worry about the regulation and honesty. Time after time this country and its leaders let themselves down. Any thoughts on getting a new nomad?

Well all resolutions passed at the GM and further updates planned for coming weeks. Information now on company website

I've seen no announcement of this. The GM is next Thursday.