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Yes Looed and I wonder why?
All will be revealed in the coming months I guess.
This is no ordinary company you know... :-)
No, it has not been struck off.
However SN is a businessman at the end of the day, so don't expect any charity.
The only reason I can see that FRC will carry on is because it has to, why?
Here are the usual suspects:-
money, politics, power...
Geo-political issues are at all time high don't you think
It cannot be sruck off until all the creditors have been paid, or at least happy with the insolvency.
Https://www.kirks.co.uk/faqs/company-liquidation/whats-the-difference-between-liquidation-and-dissolving-a-company/
https://www.mourant.com/media---guides/mourant---voluntary-liquidation-and-strike-off---solvent-cayman-islands-companies.pdf
Basically the company becomes a shell after liquidation, but once the liquidation process has been signed off as complete it can be re-liquidated and the company can start trading again. If not then it is likely to be struck off.
Chipolata. I'm assuming you have your reasons for wanting this to happen then...I wonder what they could be...?
AIM has always been and always will be a casino. What you have seen today is alot of noise because of a 'feel good' RNS but with no real substance. You have seen a lot of people jumping on the bandwagon and then getting off .
SP is where it should be right now, may rise a bit once the RNS has been digested properly and the penny drops that this is a major game changer for the company and will probably be bought out if the expected results pan out IMHO.
In other words, once it is realised the reward farout weighs the risk then the speculators will be back in droves...and possibly some investors :-).
FRC will be liquidated, not dissolved. If FRUS is tightly ringfenced from the FRC liquidation process then no issue as I see it. Deloittes are very very switched on, they will quickly find out if the ringfencing of FRUS is airtight or not and whether it's assets are worth pursuing and shall inform the creditors accordingly with what actions they could take, if any.
The question is time, how long before all the creditors are "happy"?
Having said that, if FRUS is commercially ringfenced from FRC is business being conducted through it right now?
...is now known...
Filtered.
OK interesting, I guess no two UK brokers are the same. UK regs and FCA not fit for purpose then?
...I'm with Njames.
PSA licence transferred to FRUS whilst part of FRC. FRUS then immediately moved out of FRC and becomes a completely separate company and all our shares moved with it. With respect to nominee shares, this I believe is a "share certificate" that includes all the shares a broker holds for their customers. Therefore it is easier for the company because they only have to keep a register of brokers, the brokers themselves, in effect, holds the share registration. Please correct me if I'm wrong.
Whether there is an 80/20 split between new and old shareholders, well let's hope for better than that.
Bloody good job too Lifey, I think some people have got too much time on their hands...
Luckily I haven't so that's it from me.
I'll look in next in next month...
Oops that's tomorrow!
;-)
Looed, that's a totally different conversation, but you could be right...
:-)
...Looed has a sense of humour...
...must be close to wearing through now though...