Member Info for applebee

Not to dampen any hopes but it is quite possible that the transaction is not going to take place after all. And we are back to square one - or rather 7 Bell Yard.

Why are you copy pasting Gordon? Read the article - it's from Feb 24

Surely that was a sell?

🤣🤣

What's changed to let it goooooo?

Is it over yet???

Rang the PR company to be told 'the company expects to publish the accounts before the end of Aug'.

Make what you will of that and what the accounts will contain.

.

They have sorted it. See previous RNS

Oh god, please don't joke about the year. I can't take this **it anymore.

Is the middle of Aug the 15th? Or, some time after the 15th right up to the 20s?

Well, they can't possibly want Companies House to issue the First Gazette notice. And the only way to stop it is to give CH some concrete information. And surely they can't give CH any info that they haven't shared with the shareholders.

I guess they could let CH issue the first Gazette notice and then try and complete the transaction within the 2 months allowed by the notice.

I think the 'formal process' allows them time to complete negotiations with their lenders. Breathing space as we call it in UK.

Unfortunately it is a glitch in the system with all suspended stocks. I'm sure it will be back to normal in a day or two.

We are shareholders, not creditors.

The directors did say in the RNS that Rheine would be entering into a formal process with its creditors shortly.

It was going so well earlier.

A glitch with the decimal in all suspended companies

Copy paste exercise

A first Gazette notice of strike off warns that the company in question will imminently be struck off the Companies House register. Compulsory strike off applications are advertised via a Gazette notice in order to inform any outstanding creditors of the company that it will soon be dissolved. Once a company is dissolved using the strike off process, it will cease to exist as a legal entity, meaning any creditors will be unable to chase the company for the money they are owed.

Following the Gazette notice being advertised, outstanding creditors will have three months in which to object to the strike off; if none are received, the company will be dissolved and its name removed from the register.

I am a bit confused now. If the RTO was progressing well, I'd have thought they'd change the name not strike off the company altogether. And if I've understood the above bit right, the management have to infirm us, the shareholders within 7 days of submitting a request to Companies House. Well, where is the company update then?

Bravo Iwonttell. You phrased it so eloquently.