Member Info for big-blue

"Shareholders are urged to read the Circular as a whole and in its entirety. "

DO NOT ignore this clear, explicit, unambiguous, direct, in ya face, obvious, trumpet blasting WARNING!

The buy will be mm to mm or a lucky direct CREST trader, no retail investor ever gets those opportunities.

It is impossible to then say the same buyer then sold as it is impossible to match trades with a single IP.

You're trying to gilt edge the storm cloud. And failing.

Get ready for the next big dip in the roller coaster.Be careful of snake oil sellers suddenly invading chats ahead of the circular.

"Shareholder Circular

The Company will shortly publish a shareholder circular (the “Circular”).

Shareholders are urged to read the Circular as a whole and in its entirety.

The Circular contains further information on the proposed Re-domiciliation to the AIFC, the adoption of New Articles, the consequences of any suspension, and potential later termination of the London Listing, and a notice of General Meeting.

The Board considers that the Resolutions proposed at the upcoming General Meeting in order to effect the Re-domiciliation are in the best interests of the Company and its Shareholders as a whole. Accordingly, the Board unanimously recommends Shareholders to vote in favour of the Resolutions.

Unless otherwise defined herein, capitalised terms within this announcement have the same meaning as defined in the Circular.

The Circular will be submitted to the National Storage Mechanism and available shortly at: https://data.fca.org.uk/#/nsm/nationalstoragemechanism. "

First mm wash done, you will always be hammered if you are on the wrong side of the curve.

This will be stepped down in chunks now over the coming days and weeks as large holders, who only now talk to an independent financial advisor (!), sell large chunks to cut losses. Delisting is guaranteed. The timing of the suspension will be the 30th May after the vote, whatever the vote result is in my opinion as I can not see any scenario which makes trading on LSE viable. Remember the threshold has been set very high, 75%, and 23% of shares are held by 1 company.

"General Meeting

The decision of the Board to effect the Re-domiciliation, which is subject to shareholder approval, has not been taken lightly.

The counter-sanctions against entities incorporated in Unfriendly Jurisdictions (as well as risks of further counter-sanctions which may be imposed) are significant, as are the penalties for breach, severely risk the continued existence of the Group in its current form and limit the Company’s ability to perform any type of corporate restructuring.

Under relevant Jersey and AIFC laws, the Re-domiciliation and adoption of the New Articles are required to be approved by special resolution of the Shareholders at a general meeting of the Company.

The Company is convening a general meeting for 11 a.m. BST on 30 May 2023 at the offices of etc.venues, 8 Fenchurch Pl, London EC3M 4PB for shareholders to consider and, if thought fit, pass the Resolutions."

Https://foreignpolicy.com/2023/05/10/russian-guerrillas-are-trying-to-violently-overthrow-putin/

Do consider what kind of mess Russia and it's industries might be in down the road after or perhaps still during the civil war, 5 years on.

"and doubling up my original holding in the 130's"

Liar! You do not direct CREST trading access and the only people trading at the bottom were brokers with market maker privileges.

Yes it is being day traded and will bounce around heavily, I know how this kind of depression is traded by brokers and won't touch it with a barge pole unless it dips below 90p level over the next week or so prior to suspension.

Meanwhile...

https://www.commonspace.eu/news/russian-brigade-flees-bakhmut-uk-prepares-supply-ukraine-longer-range-missiles

Expect more and more stories like this, retreats that may not be on orders from the Kremlin. A disorganised retreat is the worst option for Russia. Hope the generals call it a day very soon.

I definitely remember Visitor, one one the Gulf exchanges was recently floated as a viable option and there was some excitement about it on here. Nearly all the discussion about how to manage a KZ listing stopped along with the GDR option. For many, the explicit declaration that KZ is to be place will be a surprise.

Had a quick look at the results. STILL shifting the backlog inventory.

But critically, debt has increased 1%. That is very bad news. POLY is heavily debt laden and is not making progress reducing it. That alone is a red flag, I think this company, fairly or unfairly, is in trouble and has to move off LSE anyway as it is going to need to raise money at some point.

Meanwhile some are day trading this from a 130 bottom bounce. We'll good luck with the casino trading!

"We’re moving to AIX. This was known."

Nope, they said they were looking at the Gulf because KZ was to problematic.

The board has just done a big U turn and shat all over the deluded rose tinted investors. Some of us have been warning these POLY people are not as cute and straight up as others have been promoting them. It is not a day to be gloating but if you are going to try and return to the kind of spin that duped people into buying this in the first place then you will be called out.

That's the rub Horult. If you are a duel KZ/UK national this is the golden fleece found cheap at charity shop prices. But it might be 10 year before maturity in an overseas jurisdiction. Note the announcement describing POLY in the west as untouchable. This is the real world for business with any sort of Russian connection for many many years. This is explicitly described and POLY isn't even sanctioned. Dark days ahead for Russia.

"I wish all the very best of luck to all including BB"

Appreciate that, and to you. WIZZ still has some upside to go to restore to pre-pandemic levels.

Some are trying to day trade thinking -50% is the bottom bounce. There are a couple of weeks before delisting but very few are going to day trade this so exactly who the buyers are expecting to sell too in the coming hours and days is a mystery. The buyers are pure gamblers with te worst possible odds. Fools and money easily parted.

-50%

52 week low alert

How many times did I urge people to take independent financial advise with this one?

now over 40% drop, free fall and there is no potential bottom for a share guaranteed to be suspended within weeks. Window to grab what ever you can, take the hit and move on.

Normally on a bad news day a big drop can be day traded from a silly low. However, this is very different because, whatever happens, suspension is guaranteed. If the vote miraculously passes the 75% then the share is suspended to de-list. If the vote is not achieved, the share is suspended anyway because of the unfriendly domicile. So there is no bottom bounce option with this one.

We have all been here, fell in love with a share and entered into a defensive position only to be wiped out. One of the lessons you learn.

185 down 34% as I write.

30th May EGM, so you've got a short window to get out. But I expect people won't wait that long.

90p now looks optimistic.

It's over and the warnings have been loud and very persistent.

After the living hell of Russian death amd destruction from a Russian invasion, severe oppression and forced mobilisation of locals, forced passports, food shortages, water shortages and fuel shortages, few in the occupied territories are going to object to Ukraine taking back control. Don't forget, some have jad to endure the Russians since 2014. Intelligence I have seen showed support for Russia was very weak pre invasion due to the trouble the unflagged Russians brought with them. The Russians have had a major problem forcing the occupied people to behave like the propaganda, not one image of welcoming open arms are flowers. Not one anywhere!

Jeeeeeezzzz for cuffs sake! NOBODY is telling Ukraine what to do. What did the yanks say at the start? Three days to defeat? Was Ukraine armed to the teeth before to be able to fight Russia? The slow provision of arms for the first 6 months hardly qualifys the US trying to prosecute the war.

Russia started the war. Nobody is making Ukraine fight. For the US, for the EU especially Germany and France the continuing war has become a problem.

Russian generals were expected to pull out back in November except Crimea. They didn't. So the west has decided to double down and ramp up support for Ukraine as long as it takes now. Russia has crossed a big red line. There is now only one outcome and Ukraine are making it happen.

Putin can try and cover up the defeat and humiliation trying to invent a fantasy war with NATO, like he tried to claim again today. But Russia has lost already. Russia is alone in the world, China won't support, the rest of BRICS isn't supporting. One 80 year old tank left for the farewell parade.

It is down to the Russian generals to end it early. Or Russia will be counting its dead into the depths of summer.