Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
You can only watch so much money get flushed down the AIM drain. You might as well just hand your cash over to the mm's and save any stress. A bent manipulated s*ite market. If you listen to all the bulls*t on these boards good luck to you. Every single one of them just gives signs of hope. Hope never comes!
Why the rise? News on the way?
the TV series last Friday I was impressed with a delivery shown. A tree was collected from the forest and taken to the saw mill. The wood was collected from the saw mill and delivered to the fence builder. The fence was collected from the fence builder and delivered to the retailer. You can't get more of a complete delivery supply chain than that. 3 loads and 3 payments along the whole process of the product.
The 331347667 existing ordinary shares of 5 pence will be subdivided into 331347667 new ordinary share of 0.01 pence each and 331347667 deferred shares of 4.99 pence each.
"We are working on a release and apologies for lateness. The new managers of the business - African Resources- have been getting to know the business better and hope we can release something soon"
Lets see the response if any.
Now two months overdue. Whats going on?
Only seems to be going one way now and thats down. Another dog of a share.
Where's the update?
Now the takeover is looking like its going through what does this actually mean for the PI still holding shares?
How can this be left just to fall from AIM. Do the directors just walk away? Shareholders just loose their money? How do they get away with that?
PHE - If they are suspended for six months LSE will delist them from the exchange automatically.
Do we not have any say in what happens next? What about major share holders? Do they get an input?
So are we saying the whole company was based around Klaus Rosenau? If so is this a tin pot outfit who have no idea of how to continue operations without the main man at the helm? meaning the current directors are incapable of moving the company forward? If so is that why there are no finance options available? Are there any main shareholders who can get someone to step in, takeover and move the company forward before throwing in the towel?
They have a limit of up to 6 months suspension. If they pass that they will be automatically delisted from the exchange. This rule caught out another of my shares a month or so ago.
So what happens now? Am I still part owner of the company? Have I lost my Investment? Can they be re-admitted?
The Exchange will cancel the admission of AIM securities where these have been suspended from trading for six months. Cancellations are effected by a dealing notice.
Rule 41: Cancellation An AIM company should state the reason for cancellation in its notification. The Exchange should be informed of the intended cancellation by email from the nominated adviser to aimregulation@londonstockexchange.com. The period of twenty business days is a minimum. Where earlier communication is sent to shareholders convening such a meeting, an AIM company must notify that such meeting has been convened without delay. The notification should set out the preferred date of cancellation, the reasons for seeking the cancellation, a description of how shareholders will be able to effect transactions in the AIM securities once they have been cancelled and any other matter relevant to shareholders reaching an informed decision upon the issue of the cancellation. For the avoidance of doubt, the threshold of 75% set out in this rule refers to the percentage of votes cast (rather than 75% of the class) in respect of each class of AIM security. Consent may be granted through shareholders voting in person or by proxy at a general meeting. Circumstances where the Exchange might otherwise agree that shareholder consent in general meeting is not required would be where: (a) comparable dealing facilities such as upon an EU regulated market or an AIM Designated Market are or will be put in place to enable shareholders to trade their AIM securities inthe future; or (b) where, pursuant to a takeover which has become wholly unconditional, an offeror has received valid acceptances in excess of 75% of each class of AIM securities. Cancellation will not take effect until at least five business days have passed since shareholder approval has been obtained and a dealing notice has been issued.