RE: C'mon18 Apr 2024 19:11
Soz GB , not looked in for a while, signed by the two parties , that are to become one, icon and in the style, until that is done, the FCA will not entertain the new enlarged company prospectus. Deal done and then subject to all the paperwork being in order it's the easy bit, last two steps of an IPO, FCA 2-3 Weeks, cleared, then 10 working day process with the Market.
As said before, some RTO's I have been in , they have been granted permission to overlap, lowest being 18 days i've been in.
Long leg is always down to the companies, getting it over the line, which is why without an update, or the more common process of the company announcing the suspension and some details to get the deal done, not Mr Market pulling the plug on ya, we have zero idea, how close or far away that negotiation/final sign off (Legal/Binding stuff) actually is.
As Maj said , why return and go through all the hoops they did, if they did not have a plan to do this and so best guess would be , its been ongoing for some time, all we can do is wait for an update, or on some I have seen a provisional return date on that LSE Exchange (link on here back a few) upcoming issues page first.
Everything crossed its sooner rather than later, shortest one in was about 6 weeks, longest the recently returned what is now Bradda Head Lithium that was a couple of years. Another in currently gcg has been about 6-7 months, only bit of update they have given , proceeding as expected and a Director loan to tide them over😉😂
Been in 50-60 rto's , mostly very profitable on return before the crazy settles but have also had a couple that never did come back, one that took part of Transgas and looked to come back main market vice aim , still say they are trying, the other some big mine takeover silver something or other, just vanished without trace 🙄🤬
All crossed its soon and Brad true to his word , still seeing icon as a minimum value of 10p per share just as the shell. 👍