RE: Trades today30 Dec 2022 12:20
Bizarre isn't the word for this share!
Agree, why buy 450k worth of shares, when the last RNS, states if no audit by 31/12/2022, basically end of play today, its gets suspended on the 03/01/2023.
...and by June 2023 if the audit still isn't done, its gets delisted from AIM.
Have Beijing Sibo (16.22%) and LandOcean Energy Services (11.53%) and maybe Sramek Biodynamics (10.18%) voted against the new auditor Wilmit Pty.
Looks like politics, why vote against the auditor, if you know the share will get suspended, then down the road delisted from Aim (they are only listed on one market - AIM). Beijing Sibo, LandOcean and Sramek Biodynamics will then lose everything.
Are they wanting Gu out (who dosen't)?
Are they buying on the cheap (3 companies above) the shares, then willing to accept the new auditor before the six months is up in June 2023?
That is a gamble in a half with this share, as if it does come back from suspension, I wouldn't put my money on the share price suddenly shooting up because of it.
It is a farce, but what else is new with this company.