Member Info for Dave1982

might get lucky this afternoon !!

was thinking this morning, in my mind I would have thought that the companies they are on trial with may be waiting for their next years budget ( April) to be signed off. Also they have now had 3 months of winter to show any cost savings from this product. Not saying it will be April as most companies start to know around about now what their next years budget will be.

As we speak some nice buys coming in

Lol yes !! But in my nieces book it’s a snail.

I Hope so , they need to get a quick win under their belt sharpish to gain some confidence back with share holders. I am confident they will get a new Nomad but my god they are taking there time in getting this over the line. PSL always seems to move at snails pace on everything , but then again the snail did eventually win the race

Full email received to save confusion

On 1st November 2018, Photonstar LED Group announced that following the proposed Merger of their current Nominated Adviser (Nomad) Northland Capital Partners with SP Angel Corporate Finance LLP, Northland intend to relinquish their Nomad status on 1st February 2019 in anticipation of the Merger going effective.

Photonstar has identified a replacement Nomad and are confident that they will be appointed prior to the 1st February 2019 deadline. However, if they are not appointed before this date, trading in the Company's shares on AIM will be suspended, with the last day of trading in Photonstar Ordinary shares being 31st January 2019.

In accordance to AIM Rule 1, if the Company fails to appoint a replacement Nomad within one month of the Suspension of Trading, anticipated to be the 4th March 2019, the Company will cancel the admission to trading of its Ordinary shares on AIM.

You should be aware that if you have not sold or otherwise transferred your Photonstar Ordinary shares prior to the potential Suspension of Trading and Cancellation, you will not be able to sell or otherwise deal your Photonstar Ordinary shares on AIM after 1st February 2019.

If the Cancellation becomes effective, the Photonstar Ordinary shares will no longer be listed on a Recognised Exchange and will no longer qualify to be held within an ISA product. Should you hold these shares within an ISA, we will transfer your Photonstar shares to your Share Dealing Account once the Cancellation becomes effective. If you do not have a Share Dealing Account, we will arrange to open one for you.

Should the Cancellation become effective, we shall notify you on or after the date of Cancellation.

Yer I was just confirming I have the same email. I received it 40 mins ago , just an email saying that and what todo if they don’t find one.

I got the same email from Halifax

Completely different scenario !! They resigned from them due to lots of issues going on. There was a court case I think and lots of other factors

mine took over an hour to show , bought mine on Halifax

Thank you, I'm on the same thinking and I believe it will pull through. Just going to take a bit more time that's all

It my last purchase , added 5 million more

Not if you make off evrh, I’m assuming that’s you on there. I’m thinking of investing myyself there

Question you have to ask: is why continue and why say they are looking for a nomad. If the end was in sight why don’t you just quit. Why bring on someone so close to end that has experience in turning companies like this around making profit. I think his role no long sits in the new business model and he sees that, I don’t think he’s jumping ship at all. 5 weeks ago people said this would be dead and not trading and 5 weeks on we are still here.

He also might realise that in the new business model there is no role for him no more. Therefore instead of being made publicly pushed he leaves now. Strange after a week Martin comes on board things are happening , there is the question also to be asked why he came on board if it was going to sink.

jumping

thickens !! dumping ship or are they clearing out the dead wood. was he pushed or could he see what is coming

It’s perfectly fine to have your own opinions , however I don’t see the point on going about the same thing over and over again. It’s either you are invested here or your not. You have made your point and the people left on here are still happy to be invested here. Let’s say you are right , nothing you will say now will save me from getting my money back. Anyone investing with out research is a fool and if they have they would probably ignor your statements and invest anyways because they invest on their own research not anybody else’s.

Arrr ok then. Completely ignore me , I got the dates mixed up. Apologies

Wonder what is taking so long for the new nomad ? Would have thought it was a done deal. All others in the same situation are over the line. Just hope they have not uncovered anything that’s putting them off. I know we have u TIL Friday but with the new guy been on board I thought the confidence would have been there