RE: Frustrating but no option but to wait01 Sep 2021 16:51
On the same page here Steve, unfortunately it doesnt look the best. You can be sure the behaviour Forbes Ventures has shown to its patient investors isnt going unoticed by the Aquis Exchange, especially if you consider the time scales and the updates theyve released. I can only surmise delisting is a strong possibility, basic script on delistings of stock and the possibility of losing your investment reads:
The mechanics of trading the stock remain the same, as do the business's fundamentals. You don't automatically lose money as an investor, but being delisted carries a stigma and is generally a sign that a company is bankrupt, near-bankrupt, or can't meet the exchange's minimum financial requirements for other reasons. Aug 2021 Lets hope this isnt the case, its understandably a waiting game but best to be prepared for all outcomes.
Check out aquis exchange trading rules. Chapter 5. This covers suspension. It is a worry i understand ive considerable amount invested and certainly didnt see this coming but the Maltese are reknown for doing things shall we say a little differently, but dont worry too much just yet. The worry will come if Aquis remove them from trading and no indication of this yet. Considering time scales of suspension news from Forbes is shocking! Good luck to everyone invested.
I believe indefinite suspension is not an option the only similar action to that would be to find the accounts in dire straights with creditor involvement, but i do find that unlikely. The wait goes on unfortunately. Poor communication from Forbes to share holders all the same and trading will reflect this when it resumes. Sorry as negative as all that sounds im still hopeful of the 40 and 60 dropping into the ring at the same time then happy days!
14 days! This seems to be a reacurring theme were Forbes timescales are concerned. Im heavily invested but not hopeful in the least. Lack of comms has bordered on an absolute joke as is the transparency of the current situation . Il be very suprised if this has a positive outcome for us investors. Sorry for negativity but some of us have been ostriches on this one including myself. Goodluck and hope im proved wrong !
I agree, id like to believe the deals done, its counterproductive to look negatively at a company im invested in but the lack of updates following the further delays is unnerving especially indicating "admin" as the reason. Forbes really need to update investors asap.