Member Info for brazos

Hope we will get something in the end, for now all we can do is wait.

42.5m shares of 1p each after consolidation.

Go to link, scroll down to Locations, click Africa, click Ethiopia, Tulu Kapi and KEFI listed

100:1 consolidation. So they are proposing a consolidation and a sub-division. I received a copy of the document and you are spot on micru. I quote ''The purpose of the sub-division is to reduce the nominal value of the Consolidated Ordinary shares to a level which provides flexibility for future issues of ordinary shares''

I hope we will be invited to participate should there be any future issuing of equity, otherwise we will be diluted to oblivion. Those who own less that 100 shares will cease to be shareholders following this proposed exercise.

In any case, I hope LTHs will be able to come out with something in the end.

In my view we should vote for it. However, I think its a done deal anyway since the concert party will support it. After passing of all resolutions, the company will have 42.5m shares of 1p each in issue.

Hope so.

It's for a share consolidation. Shows things are happening in the background, there's light at the end of the tunnel after all.

Yes, the shares still have value. Can’t be traded because the company has gone private.

…and AGM on June 9. Looks like the suspension will be lifted soon.

Not as far as I know. Looks like Alex is focusing on rebuilding the company at the moment. The last communication I received from the company said the total amount of shares in issue now stands at just over 4bn. Let’s hope the new outfit will be worth at leat £4bn when we go for IPO, that’s if they decide to do so.

The total amount of loan notes issued is £30.5m. The company was authorised to convert a maximum of £26.35 loan notes at a GM in June 22. But since then, they issued more loan notes to the tune of just over £4m. The extra issued notes are the ones that need authorisation via the two resolutions.

The two new resolutions have to be approved by shareholders by cob 18 April 2023.

Let’s hope we are all going to have a happy ending here.

Cheers
BZ

Yes I received a letter from Arcturis.
1. Confirmed change of co name.
2. Says website will be up and running soon
3. Vote on resolution to convert loan notes
4. Says refocused co is making excellent progress

All in all good news imo, there could be light at the end of the tunnel after all -:))

Very positive indeed. Massive jump in revenue, will be in profit territory soon.

“ Silicon Valley billionaires are lining up to bid for a £480m NHS contract to transform the health service’s creaking IT systems into a high tech database.

The so-called NHS Federated Data Platform has attracted a bid from US artificial intelligence company C3.AI, founded by billionaire Thomas Siebel, The Telegraph can reveal”

I remember Sensyne used to provide limited funding to upgrade Trusts’ IT systems. Maybe they could get involved in this massive project. As this isn’t their core business, mayb do it in partnership with another company…. Whoever gets it will be able to extract more than what they bargained for.

https://www.telegraph.co.uk/business/2023/02/04/silicon-valley-billionaires-compete-480m-nhs-data-contract

They are running short of shares, I couldn’t buy more than 12k shares in one hit. I think this is going to explode soon. GLA

Great stuff, good to know that things are progressing well behind the scenes. Thanks for sharing.

I’m assuming you had 8253 shares prior to the reverse share split action. You should now have 82 shares in your account. Some brokers take time to update accounts. I suggest you contact your broker for clarification.

This is really a fantastic development. Can’t wait for an update from the rejuvenated company. Thanks init2oneit for the useful research and updates.

I’m sure we have now crossed the inflection point. The management is doing a great job, and their confidence is underpinned by their willingness to keep on buying more shares. Let’s hope next week it’s going to be a continuation of this current trend with more buyers piling in.

Could we smash £1 next year? I hope so, lol.