Member Info for applebee

This is utter madness. Peeps, please do your research. I have summarised the status here.

The subscription agreement was done 25th Feb 2022 and the subscribe was entitled to all four or all back in shares within 18 months. They then decided to extend this deadline to March 2024.

The sp dropped from c. 6p to around 3 following the announcement on 12th May that the company was struggling with debts to suppliers and non payments from customers. More recently the company applied for a temporary suspension order in Israel to give it breathing space from creditors. It asked for 90 days. The court had granted 21 days and will review the request for extending it to 90 days.

In the meantime, the Subscriber effectively called in the debt of remaining 1.4m and the company issued notice to allocate the required number of shares. Then came the clarification that it needn't allocate those shares as the company is in its 21 days temporary suspension and so the claim is not valid.

So, the good news so far is - no immediate dilution. Court approved 21 days, no reason to think why they wouldn't allow full 90 days. Somebody's been appointed by the court to negotiate with suppliers and other creditors on behalf of the company. Expect an arrangement of sorts to come out of these negotiations. Into that is done, we're not out of the woods yet.

Stop misleading people mate.

The subscription agreement was done 25th Feb 2022 and the subscribe was entitled to all four or all back in shares within 18 months. They then decided to extend this deadline to March 2024.

The sp dropped from c. 6p to around 3 following the announcement on 12th May that the company was struggling with debts to suppliers and non payments from customers. More recently the company applied for a temporary suspension order in Israel to give it breathing space from creditors. It asked for 90 days. The court had granted 21 days and will review the request for extending it to 90 days.

In the meantime, the Subscriber effectively called in the debt of remaining 1.4m and the company issued notice to allocate the required number of shares. Then came the clarification that it needn't allocate those shares as the company is in its 21 days temporary suspension and so the claim is not valid.

So, the good news so far is - no immediate dilution. Court approved 21 days, no reason to think why they wouldn't allow full 90 days. Somebody's been appointed by the court to negotiate with suppliers and other creditors on behalf of the company. Expect an arrangement of sorts to come out of these negotiations. Into that is done, we're not out of the woods yet.

.... and then lost it on something else. Duh

VAST did 400% in one day. 😳 i was lucky i doubled my money

To say what?

Ha ha, i remember you advising against unrealistic prices and peeps giving you grief for it.

Surely that can't be right... currently at 3.25, do you really expect this to get to only 7p in 3 to 6 months?

Sorry Antha - can you not see that net equity is not what an IPO is offered on? "Strong performance in line with guidance issued at IPO"

Thanks for sharing that doc Sam. So with net equity of £122m (as was known June 2023), current mcap of £150m does not reflect the reality then. Clearly an over reaction by the markets.

Question for Sam - just been looking at the document you mentioned. How do you work out the net equity of £122m?

Forward sold placing?

I think there is a glitch in the systems still. Just cannot sell any amount.

Stupid phone...'compensation'

Where did the mention of Conisbrough come fromm?

'Thoughtful and measured' - words to heed. Yes we would all like this to be through the roof but slow and steady does it lads.

Is much rather this climes up slowly to its true value than have volatile peaks and troughs. So Bloomy, stick with the measured approach mate.

Being a devil's advocate, it is entirely possible that the new body reviewing licences finds some reason to maintain the cancellation of licences or impose new conditions for reviving the licences.

Who's Braian?

Thank you for sharing the link. It is incredible that this can be live and selling already.

Still no shares for me either on iweb

Do we know where the predicted end of Sep timeline came from?