Member Info for Bermondsey

So we need some sort of rns within the next 3 weeks advising of takeover target and a successful vote on that before 14 April in order to avoid crashing out of the aim market.

I'm also in metrobank for my sins. What a **** show

Hi apple. What do bou actually need to do for an extension? If for example a target is announced days before delist would we get an extension in those circumstances?

Antos was clearly after something when he purchased psl but we still don't know what. Ip has been suggested. I don't believe for one minute it was to help the bou group. It doesn't cost that much to liquidate a Company. It would be done by a liquidator in any case, not the management of the Co being dissolved..... Jace, I don't disagree he did not, on the face of it, have to participate in open offers. As already suggested was there a side agreement.... None of these qs I can answer. Bit I think they're worth bearing in mind. Hoping he is the stand up guy.

Something neon said keeps niggling away. Has antos already won?

Oh yeah. Sorry apple. Stand by my comment about it falling out of isa though. That would rattle me!

I don't think a share buy back would be on the cards. Surely the point of an rto is to tap the aim market for equity so you can expand your business. So you are not exacy in a position to return cash to shareholders. In fact this probably has very little cash and I rekon company law has strict conditions on such activities. If these fall out the isa wrapper I will be thoroughly ****ed off. I've already paid tax on the earnings I put in here.

Am I right in saying we won't be able to trade the shares until we have agreed an rto, the rto has actually happened and the shares have been lifted from suspension? So these are false alarms. Probably some data reset each month.
Also the turn of tax year has no relevance. The suspension timetable is set out in aim rules. It isn't tied to our isa allowance and when that resets which is 6 April.

So you're in the property business cymru... small world. Unfortunately with my role I don't get to see cannes or enjoy any of the luxury of that event.

I was going to say middle class problems. But the middle class problem would be the cancellation of the holiday and not the impact of corona. That one gets us all.... We'll if we only lose a holiday this year we will fare much better than a lot that have been impacted.

Yeah this bastard corona is messing with my holiday plans. Supposed to be snowboarding in cervinea in a couple of weeks. Warren doesn't hold the same ****e as me lol

I wouldn't read too much into the language used there. I mean you would expect an agreement in general to be irrevocable. So antos gets what he wants but he has to vote for these resolutions. You're saying why advertise that so blatantly? Perhaps they were trying to entice the herd mentality. If its good for antos it's good for us. Perhaps it worked eh.

What rns is that in neon

The link doesn't work for me but if it's note 16 in bou accounts that is pretty standard. You need to state your deferred tax assets and liabilities but these are unrecognised, so they're not on balance sheet. You don't recognise an asset on losses unless its probable you can use them in the near future so they're basically saying at that point in time they don't think they will be profitable in the near future.. That's noting unusual for an aim company or any company really.

I'd like to think becuase he doesn't keep on top of his filings neon. That's me being optimistic. His accountant takes care of that business. Did he need to put c 30k in, in the last placing to acquire the Co?

Qwerty when it makes some profit to distribute. 1/2 year 19 results show a retained earnings deficit of 55m so you need to plug that gap with actual profits before it is even possible to make a dividend. I would say long time to get to the point there will be dividends.

Neon. Good to hear from you. I've been reading your back catalogue and you do appear to have flagged up a few red flags throughout the process. Perhaps i should have paid a little more attention. You say that in the event an rto doesn't happen antos will still have out more than he put in - how is that?

Neil. Apologies if that came across rude. Just wanted other people 9n the bb to know the correct position

Neil. Let's stick to fact and not your opinion. The tax losses cannot be used. There is also anti avoidance on selling companies with losses. They cannot be accessed by whatever group this was transferred into. Fact. The bit you want to read up on is a major change in nature / conduct of trade.

Neil. You can't buy tax losses like that. Huge amounts of anti avoidance. The loss is in the company. It can't be accessed by the individual.
Apple, the 340k antos put in. So if a loss is crystallised then this can be offset against future gains. But you set the loss against gains for a reduction in your tax bill at the prevailing rate. You won't see 340k back. You would see 340k x rate of tax you pay on your gains.
So these tax loss arguments are frankly ******.