Ian-C18 Mar 2011 16:58
This will delist on 18th April. It's quite simple, you will not be able to trade your shares on AIM once delisted. You will own shares in GTE after that, you just effectively won't be able to buy or sell shares in GTE on the stockmarket. Therefore in real terms your money is locked in until there is another method available to sell your shares. Usual ways are through JP Jenkins type broker who registers buyers and sellers and matches them up. But I don't know how they workout a share price through this type of deal. Bottom line is, IMO, if you don't want whats left of your money tied in until a refloat then get out and reinvest in something else. Offset the loss on CGT. Some you win and some you lose, its nothing personal, it happens all the time on AIM in this climate. If your happy holding, then put them away and hope they bounce back in years to come. There is of course the problem of pref shares, so if GTE is wound up they will get paid off first. With a net asset value per share of 0.12cents (not even pence) you won't see a dime if they do fold. I had a large holding here and lost 9.6K, but its not worth worrying about...just crack on. Hope it all works out ok for those who hold. All the best.