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Just Called Link for those who sent in their certs. Share certs will be posted back out to us within 10 working days.
you will have over 1.5 more shares. The nominal value is 2.5p, but they will trade at what the market values the company at. I suppose I got over eager about the 2.5p. I think the company had been valued previously and will be re-valued as part of the reverse takeover. Once we know the resulting number of shares in circulation and the expected value we can work out how much our shares are expected to be worth.
Just spoken to their advisors at Link. Make sure you get the paperwork complete it and send it back by the deadline or you do not become a proper shareholder of the new company. so no 1.5587 conversion @ 2.5p/share
Just remember nothing is listed yet either!
Even if it was Concrete still plenty of steel reinforcement material required in construction
Think there was mention about payment for this shipment hitting the 2018 sales line. From my experience most companies sell on an FOB basis, which means the sell takes place once the goods are on the ship and the buyer takes responsibility.
If this is the case with ATC, they could have already got paid unless they agreed credit terms with the customer, either way I would have expected the sales to be FOB and in the 2018 figurer ready for re-listing. Happy Sailing all.
If only they were as fast at relisting as they were de-listing we would be done already.
Keeping their powder dry until they can give year end data I think
You would have thought they would have mentioned relisting in the comms
RE: legal action Today 16:19 1- Resd 2- Szyndj 3- Krynap 4- dawto 5-lampedusa 6- Benjipen
I got a similar response too. At least they are talking to us.
The market has experienced shortages on a key insulation product range in Nov and December. Your friend if purchasing insulation board will have possibly seen prices rise dramatically. Depending on how their material supply went it could have helped or hindered the result.
Sorry Barney C
Understand what you say, but that is not normally how it is done. Existing websites would stay up until replaced by new.... seamless, but this is with normal business' not Atlantic Carbon. Maybe an email to our mate Barry C is in order to find out.
Can anyone find the company website? When I search it seems to have disappeared. Something afoot?
Either way let's hope it is concluded and we are happy with the outcome.
Interesting - I would have thought that they had all of the info they needed when making the decision to buy nearly 30% of the business. Looking at the take over panels website there is an amendment and only Atrum appears. Is that Microsystems out as we suspected???
Careful with a comment like that you may wake Barney up again so he can make a redundant statement and offer no insight at all to shareholders.
My logic on that (and bear with me on this ) Profit 2015, $5m must re value us higher and a reverse takeover of $20m. I could see a $50m there somewhere and with the current exchange rate it's not out of the question I suppose.
The terms of the purchase were defined in the Atrum shareholder presentation so that is the price. I am waiting for confirmation on either companies websites, but with less than a week to go for offers I don't think SB would have completed the sale if there was a better offer on the table.
Maybe we should ask if SB can manage a wafer thin mint after all of those shares???
Barney - good to see you with us. I suppose lack of apparent transparency on what is happening and many conspiracy theories around the delisting have left a number of us a little nervous about what is happening. If you would care to explain to us how the change in share holding and shares in issue have come about I feel you will have a receptive audience.