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Everyone’s been shafted. What a total joke this company is. Us PI’s left in the cold for Christmas.
1.5 million shares at 20p only gives the company’s value at £300,000. The investment going into this is 4 times that amount. What do you think is a realistic opening share value?
A company such as the investor I’m sure the market shall have a positive reaction.
I thought they were worth .002p haha. Totally misread.
Thank you for that info :) let’s hope we open 2m plus :)
2000 shares reduced to 1 new share 1900 shares become obsolete. Which means 99 shares go back to company hands. I have 28,000,000 shares. This then becomes 14,000 with the suggested option.
the shares would need to be worth 12p for me to gain back my original investment
Well done guys and girls for sticking it out. Let’s all vote yes and get this ship raised from the bottom. I’ve messaged Nick about the consolidation. I’m sure many of you like myself have a large number or shares. Soon as I know I will post on here. GLA :)
I’m really not sure why it’s taken so long but I guess it’s a complex company. The fact that Nick still reply’s and giving updates is positive. It’s in there interest that the company goes on as they’ll all be out of work st Christmas otherwise. What direction the company will go if it gets finance again not sure. Nick did say that the company being listed on the stock market is externally favrable to an investor. That if the company is relisted that it then falls back to the shareholders to vote in what happens next. Let’s hope for an Xmas miracle.
I contacted Nick last week and within half hour I had a in-depth email back. They have to release an RNS by 31st December, after this the company will be removed from AIM. From the email I was sent. Bridging finance has been in place since there last RNS and the company supplying the funds has done so at great cost. Therefore it would be in there interest that the negotiations are successful and the stock is allowed to trade once more. That is all I know.
Good luck to you. Think many are in the same position. Hoping for a turnaround after Christmas. The LTH needs this more then us newbies. Good luck to us all. Come on Kevin don’t let us down.
Will wait for next RNS to decide what I’m going to do. Dummy sell, I can still sell all my shares. Someone still want them.
According to Nick, yes they are. They have to release and RNS by 31st December or its game over
That the equipment is worth $100+m yet the mcap is £2m. I understand the problems that have arisen but there’s company’s with no holes in the ground work £80m plus.
Let’s hope so.
Apologies there is another company that accounts overdue. It’s just JIimmy Wales company that’s dissolved.
According to companies house the company was dissolved on September 18th. Company registration number 09668490
I wish they would put us out of missary
What s joke the company is valued at £2.53M what is going on!
Let’s hope we do. In for the long hall anyway. Just fed up with it being constantly pushed down.