FXI.L Share Price (FXI)

So now these are delisted, what are those of us who are holding planning to do? I see the options as: - Transfer holdings to Britdaq and seek to sell through a matched offer - Transfer holdings to Britdaq and hold out for a relisting in future, at which point I expect we'll be able to request them to be sent back to a broker from Britdaq (is that a correct assumption?) - Take no action and leave these with the broker. They won't be tradeable unless/until they are relisted on a stock exchange Am I right in summarising what our options are?

Delistings are never good news and a buy-out offer would probably have smoothened the ruffled feathers. Then again other AIM companies have delisted in similar or worst manners with far less backlash. What makes Fusionex different from the rest? LSE and AIM have had its fair share of delistings this year and the last. All the dots when added up seem to point towards one word – conspiracy. Its easy to blame the company but all those crime stories always teach us that the obvious target is never the culprit. The penultimate question is always this, who benefits from all these events and news? Like many I thought it’s the CEO at first. Easy target, especially since all the news appeared to focus on him instead of the Company. Heck they even put up large photos of him and talked about him seizing control when the directors called for an EGM. But looking at the man’s background, he’s had his reputation dragged in the mud in the past 1 month alone. Why do that when it looks like he probably spent years cultivating a good reputation? Doesn’t make sense. So I ruled him out. He may be daft, but no one’s that stupid, although he’s probably kicking himself for not getting better advisers else he would not be in this position. Speaking of advisers, I came across quite a number of chats saying Stifel probably shorted the shares assuming the SP would fall after the EGM and that’s why when the price started going up Stifel resigned abruptly. Looks like a good reason why they would resign if they didn’t do so before the announcement to delist. From the announcements, I saw that Fred Walsh is Stifel’s main guy advising Fusionex and before Stifel he was at Panmure, look like he only just joined Stifel, so it probably isn’t easy on him to see the company delist and lose their fees. Sometimes its not the advising company but a person that may have an agenda or interest to benefit out of a situation. The main question in any mystery is always this: who ultimately benefits or who stood to benefit from what happened? Something to ponder.

This whole saga fascinates me. Did some more research. Before their delisting announcement, the Times did not even have a single article published on Fusionex. Probably didn’t even know about the Company. But after the delisting announcement, its like the Times kept bringing up and coming back to Fusionex although it's not like London had no other more important news these past few weeks. Whats even more curious is that the Times seemed to have inside information on things like resignations before the company announced them. Its like someone was feeding that info. Got to remember that before this the Times probably did next to nil research on Fusionex since it published nothing on it before the delisting.

So another AIM Company bites the dust and leaves London. Seems like a trend these days...at least it didn't delist by sacking its Nomad earlier like some other AIM Cos. Whats interesting is the publicity surrounding its delisting when before 26 May most folks didn't even know of Fusionex... if you ask me, their first PR adviser did a lousy job at publicity, giving them that additional excuse to leave the market. Figures that they quickly resigned once the going got tough.

Nice!!