Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
There is always that risk that we get nothing back. It has been 4 years since it delisted with no information about production and litigation from every direction (although hopefully that is being resolved). On the chance that we get nothing, I'm sure there'd be some that would just be happy to get their initial investment back.
Is there some renewed optimism here that we're asking about whether these can continue to stay under the ISA wrapper? If this comes to zero then it is better that it is outside the ISA to book the loss (and hopefully offset that by some winning stocks)
Anyone know what % of Tiziana GC holds? I've looked on the website but can't find it anywhere. Used to be around 40% from recollection.
15. Any disposal by an AIM company which, when aggregated with any other disposal(s) over
the previous twelve months, exceeds 75% in any of the class tests, is deemed to be a
disposal resulting in a fundamental change of business and must be:
? conditional on the consent of its shareholders being given in general meeting;
? notified without delay disclosing the information specified by Schedule Four and
insofar as it is with a related party, the additional information required by rule 13; and
accompanied by the publication of a circular containing details of the disposal and any
proposed change in business together with the information specified above and
convening the general meeting.
Where the effect of the proposed disposal is to divest the AIM company of all, or
substantially all, of its trading business, activities or assets the AIM company will, upon
completion of the disposal, be treated as an investing company. The notification and
circular containing the information specified by Schedule Four convening the general
meeting must also state its investing policy to be followed going forward which must also
be approved by shareholders.
The AIM company will then have to make an acquisition or acquisitions which constitute a
reverse takeover under rule 14 or otherwise implement the investing policy approved at
the general meeting to the satisfaction of the Exchange within twelve months of becoming
an investing company.
Where an AIM company proposes to take any other action, the effect of which is that it will
cease to own, control or conduct all, or substantially all, of its existing trading business,
activities or assets (including the cessation of all, or substantially all, of the AIM
company’s business), the above requirements to notify the action, publish a circular
setting out its investing policy going forward, obtain shareholder consent for that
investing policy and implement it within twelve months of taking such action, will apply.
Shareholder consent for the action itself will not be required.
I spoke with Richard Morrison who I didn't find very clear in his response.
As far as I can see, the requirement for a special resolution comes from the Companies Act 2006. Richard referred to AMC being a BVI company and so doesn't need to comply with the CA 2006. I then queried that and said that AMC is operating as if it were a UK company - not sure if that is stated anywhere in the Articles?
He said that only a part of the company was being sold and so a special resolution wasn't required. To which I responded that it is AMC's only asset that is under offer. He then said something I found rather strange...he said it was up to the Offeror as to whether a 50% or 75% vote is required. Rather bizarre.
That led me to ask what AIM rules AMC needs to comply with to put this forward as an ordinary resolution, he referred to AIM rule 15 (I will extract this on a new thread).
I then asked who will be at the meeting - clearly there will be a registrar but will a representative from SP Angel also be there? The response..."I'm not sure".
Has anyone spoken to the nomad to ask why a special resolution hasn't been put forward?
TEO was submitted in August last year, or at least that was when it was RNSd. Nothing substantive going on on the ground that I'm aware of at least. Anyone have any ideas what they're doing since then?
No big reaction in the US Lev. If I recall correctly, the last time you posted you mentioned the share price would fall to 40p when it was in the low 50s. It then surged to around 65p soon after you posted. Hopefully a good omen now you're back.
Page 78 when looking as a PDF. The page is numbered 1584 on the document itself.
I have queried this with my broker and they have responded with a listing on page 78:
http://gazettes.gov.ky/portal/pls/portal/docs/1/13018551.PDF
Thoughts on this?
Just to clarify my first post, this is obviously not a substitute for vaccines, but another tool to fight covid.
Covid stocks seem to be making a return after being beaten down. Although not a covid stock, TILS has suffered similar fate and I think should start seeing a rise. If emergency use was authorised by the FDA then, given how tightly this stock is held, then it could see a very nice reaction.
All speculation on my part, but I think we're in a period now where an alternative approach to full vaccination and boosters will be looked at.
The 2nd Feb RNS said this:
Data on pharmacokinetics of nasally administered Foralumab, immunological biomarkers, stimulation of Tregs and anti-drug antibody ("ADA") is expected to be reported in a few weeks.
I've not seen these results. Can anyone point me in the right direction? If they haven't been released, have the BOD provided an explanation?
Axe, looking at the chart, the low volume days in the latest leg up have preceded relatively sharp movements up. We are again at that point now.
As Top Trader has mentioned, the news that the scientists are looking for may be due.
On the accustem listing, I remain patient on that. There's no rush for me on something that I think will generate long term value.
Would anyone be so kind as to summarise briefly what has happened with FRR in the last year? I've been in FRR hibernation for a year when I prepared myself for the worst and stopped checking in.
Thanking you
In theory this should have a positive impact on TILS share price (rather than TLSA), as if investors looking to invest in the ADRs have missed out by COB tomorrow, they will still have a further day to invest in TILS and get the Accustem shares that way.
Yes, I am invested here, Lifesgoody. First post, although I have been invested a few months.
To be fair, Sam called it well. I think he/she went short at 68p and closed somewhere in the 50s. You'd be foolish to short it now with the upward momentum in place. This should head towards a £1. I think this could really be huge if we can scale up to meet the inevitable demand.
I think the bottom came in at 120p. The fortunes will in large part be shaped by sentiment on Nasdaq, which today I think will be up (Nasdaq rejected the low on Friday). So let's see what happens when the US markets open.
Depending on your time horizons and the point at which you bought in/are looking to buy in you will have differing views on the BOD.
Those who bought in on the surge towards £3 might be a little disillusioned with the BOD, those with a long term view are more likely to be sanguine, and those with a short term view might feel like the BOD aren't doing as well as they feel they should.
Personally, I think the BoD have played a blinder. They have raised significant amounts of cash and removed much of the financing risk. Yes, you might say they were underhanded in the way they went about it, but that allowed them to raise cash at £2 and not, say, £1.20. That has enabled TILS to give away less of the company than they otherwise might have. This is to the benefit of those with a long term view and may perceived to be seen as detrimental to those with a short term view or if you bought in the surge up to £3.
Those that think the BoD aren't up to much because they're not communicated are clearly frustrated, but wrongly so imo. They have communicated the patents which is a good place to launch from. There's no point in doing the PR that they were doing as there's no reason to do it - a lot of the PR ahead of the finance raise was regurgitating the same content. Business takes time to develop, and as and when they have something to communicate, I'm sure they will.