Member Info for Beamer21

this morning to get a bargain

Tight free float here hence fluctuations on small trading volume I've got plenty in here as confident of their strategy and strong line up of initial investors Spiked to 21.5p shortly after IPO

Standard listing on main market

line up of seed investors, Nigel wray etc this is what attracted me to buy in here Plenty of institutions took up the IPO too Now it's a waiting game - they've got another 6/7 months in which they must announce an acquisition

No problem. I cancelled my subscription as I never got around to reading it

BarcelonaBill - the deciding factor for me was being completely ignored by the FXI board and K&L Gates who did not reply to any of my communications asking for clarification of my shareholding once private Stifel on the other hand have been excellent with their communication - I believe they are caught between a rock and a hard place and are doing their best to protect shareholders

Draft - good to have some company here! What's the essence of the Shares msg article?

Correction - I believe it's highly likely that Teh WILL reach 75% and he probably had secured irrevocable undertakings for close to this amount some time ago on the sly

BarcelonaBill - I share your opinion too. Whilst I believe FXI have a good product and an excellent growth strategy I feel woefully let down by the boards conduct towards shareholders If this was a UK company I would have probably retained my shares in the private company, however, I believe further shenanigans could play out under Malaysian control with FXI being a private cash vehicle for Teh until such time he's taken over or relists on another exchange I don't doubt the product but I have nothing but contempt for Teh given his back door approach to seize control on the cheap It's highly likely that Teh will not reach 75% Sold up with a £21k loss - already reinvested and on the move up I wish anyone well that stays in

update in June as one was released June 2016

Eowyn - Teh would have no grounds to fire Stifel and no other Nomad would go anywhere near FXI if Stifel were to bail Nothing fishy about Stifel

Not sure why that post appeared twice! I've since become concerned over the distribution of the EBT set up by Teh 12/16 It was set up with 7,095m shares to reward performance etc - approx 13% of shares in issue It's been reported that Teh has received support from an employee holding 13% Chen Keat Ming and from a long term investor Quick Tuck Loong 5% - neither of these disclosed their holdings on the FXI website The 13% created for the EBT and Chen Keat Ming mysteriously coming out of the woodwork with a 13% holding got me thinking!

If Teh succeeds and takes FXI private you will still own shares but they will be in a private company with fewer shareholder rights and less ability to trade them even with the matched bargain facility in place FXI may well move to another exchange or be taken over and your private shareholding could benefit I have since chosen to sell up my large holding, FXI have a great growth strategy in a huge market but I've lost all confidence in Ivan Teh and do not want my money tied up only to find out he finds a way of not ever recognising my shareholding

If Teh succeeds and takes FXI private you will still own shares but they will be in a private company with fewer shareholder rights and less ability to trade them even with the matched bargain facility in place FXI may well move to another exchange or be taken over and your private shareholding could benefit I have since chosen to sell up my large holding, FXI have a great growth strategy in a huge market but I've lost all confidence in Ivan Teh and do not want my money tied up only to find out he finds a way of not ever recognising my shareholding

Somebody had to stay to protect shareholders - game over if suspended as no other nomad would touch FXI and Ivan Teh would quickly gain control as FXI would be forced to delist after one month with shareholders potentially losing everything I believe they have done the honourable thing to offer as much protection to shareholders as they can

Peel Hunt, Buchanan and chairman have all gone Stifel remaining now gives shareholders opportunity to preserve some cash - suspension would probably cause everyone to lose everything

Nominated advisor

In my opinion Stifel are doing the honourable thing to protect shareholders - if they resign now everyone will lose everything as immediate suspension will occur and no nomad will be reappointed in the 1 month window playing nicely into Teh's hand I don't for one minute believe Stifel support this back hand move

insurance app - it would have been great to have had this up and running during the BA debacle Although standard travel insurance covers many cancellation scenarios there are many exclusions and if, buts and maybes then a few hoops to jump through. For £6.50 per flight the app automatically rebooks the next available flight and manages all the paperwork behind the scenes - I imagine this would be particularly useful for business travels attending time critical meetings

The problem in my opinion is that Teh is only concerned about getting his 75% to take this private, what happens after that is a complete unknown as we will no longer have the same level of shareholder protection