Member Info for ashbarrett

From Investopedia:

A reverse takeover (RTO) is a type of merger that private companies engage in to become publicly traded without resorting to an initial public offering (IPO). Initially, the private company buys enough shares to control a publicly traded company. The private company's shareholder then exchanges its shares in the private company for shares in the public company. At this point, the private company has effectively become a publicly traded company. An RTO is also known as a reverse merger or a reverse IPO.

Microlise's Raza exchanges shares in Microlise for those held by the board of TRAK. Microlise then have control of TRAK. TRAK can then acquire the shares of Microlise in return and rename itself Microlise and be listed without all the expense of an IPO. The board of TRAK are happy as they now hold shares and options in the merged company.

I said from the beginning when Trak switched to the same auditor as microlise there is a RTO on the horizon. Get the financials perfectly aligned and fully understood by your own auditors and a lot of your due diligence is already done. It will be interesting to watch this over the next 6 months.

I have also been Investing (Giving money away) since 2013.

The most important thing I have learnt in the last 7 years is that the market always does the opposite to what you think it will. Buy and the price goes down. Sell and the price goes up.

It's almost as confusing as Boris's stay at home go to work message.

Worst for me had to be QPP (Quindell) now currently WTG. RT shafted a lot of PI's...

PLND and HOME were good to me a few years back and I made a lot when these got brought out.

Two I regret Selling for small gains GAW at £18 and selling OCCD at £3

atb Ash

Morning all. I had an email today offering me a free Telematics device when taking out a fuel card for my fleet with Cambrian. After looking at the website in more detail, it seems they have partnered with Trakm8. https://www.cambriancards.com/telematics/

3.5% short might not sound like much, but that's a lot of shares that need to be purchased and fast. Watch this head back past £1.50 in the next few weeks.

To close a short position the short seller would have to buy the shares that they are short.

Almost £20k brought today. That looks quite close to an annual ISA allowance to me ;)

https://www.fleetpoint.org/telematics-2/trakm8/trakm8-celebrates-renewed-relationship-with-bibby-distribution/

Difficult to close out without pushing this up too much. Will be interesting to see if there is a squeeze on this during the next few days. Expect some big drops in early trading and then rises towards the end of the day. Usual tactics of selling into the open to take out some stop losses followed by buying up those shares. He who holds wins.

10.5m shares short sold. That's going to cause a big squeeze and push this past 50p easily.

This should be at least 60p shows what fear is built in to the market at the moment

I was looking at the renewal and cancellation, then thought I don't really want to be stuck broken down anywhere at the moment..

Remember all that short positions in AA are 8.5% - these will be looking to close at this level

Clearing the way for directors to buy in my opinion.

https://www.theaa.com/about-us/future-of-breakdown

Enjoy

switching to the same auditor as Microlise.

Is there an opportunity for a reverse listing for Microlise perhaps?

Nosugar the last update said early December. This week is early December in my books...

Believe they are due to report half year by the end of this week.