Chris Heminway, Exec-Chair at Time To ACT, explains why now is the right time for the Group to IPO. Watch the video here.
Need to get down there mob handed, looks like there quietly stepping through the motions tbh, having been stitched by FCA on Amigo there gonna do naff all about this ****e!
https://www.thegazette.co.uk/notice/3705604
Notice timeline for FINABLR LIMITED (000001479 )
Petitions to Wind Up (Companies)23/12/2020
Petitions to Wind Up (Companies)
In the HIGH COURT OF JUSTICE
BUSINESS AND PROPERTY COURTS OF ENGLAND AND WALES INSOLVENCY AND COMPANIES LIST (ChD) No CR-2020-001920 of 2020
In the Matter of FINABLR LIMITED
(Company Number 000001479 )
(registered in Abu Dhabi Global Market, United Arab Emirates)
and in the Matter of the INSOLVENCY ACT 1986
A petition to wind up the above-named company (Company Number 000001479 – registered in Abu Dhabi Global Market, United Arab Emirates) of 2471 ResCoWork04, 24th Floor, Al Sila Tower, Abu Dhabi Global Market Square, Al Maryah Island, Abu Dhabi, United Arab Emirate, presented on 18 March 2020 by HIVEWORKS LIMITED of 109-111 Farringdon Road, London, EC1R 3BW (the "Petitioner") claiming to be a creditor of the company, will be heard at The High Court of Justice, The Rolls Building, 7 Rolls Buildings, Fetter Lane, London EC4A 1NL
Date: Wednesday 13 January 2021
Time: 10:30 hours (or as soon thereafter as the petition can be heard)
Any person intending to appear on the hearing of the petition (whether to support or oppose it) must give notice of that intention in accordance with Rule 7.14 by 16.00 hours on Tuesday 12 January 2021.
The Petitioner's Solicitor is Teacher Stern LLP, 37-41 Bedford Row, London WC1R 4JH. Email: l.donoghue@teacherstern.com (ref: LD/HIV1/1)
Dated: 23 December 2020
The annoying thing is Wizz brought Finablr for $1 and its worth a billion or so, right?
There’s 700mil shares in circulation so if Wizz were to pay us 25p a share the mcap would be 175mil… surely they can afford to pay something for each share.
I’m guessing the sticking point to all this is Shetty owning 65% of the shares
The annoying this is Wizz brought Finanlr for $1 and its worth a billion or so, right?
There are 700mil shares in circulation so if they were to pay us 25p a share the mcap would be 175mil… surely they can afford to pay something for each share.
I’m guessing the sticking point to all this is Shetry owns 65%
Thanks Dibs61, HL also advised the new shares will be assigned appropriately on listing ??
Here’s some intersting figures for you.
The Q3 results from today state:
On September 30, 2021, Argo executed a purchase agreement for 20,000 Bitmain Antminer S19J Pro machines for the mining facility it is building in Texas. The machines are expected to be delivered starting Q2 2022 and will increase our total hashrate capacity to approximately 3.7 Exahash, up from 1.075 at the end of Q3 2021.
From expansion of mining capacity update 30th Sept:
Based on existing capacity and previous orders, Argo's mining capacity is expected to be 1.7 Exahash by mid-Q4 2021.
So the above statements mean ARB are currntly adding and will continue to add 625 e/h by end of Dec!
Up from 1075 end of Q3 and expected 1700 end of year.
Actually mid Q4! So end Nov latest, these shorts are going to burn!
Sounds like their going to let them cancel and then relist at a later date, I think thats the Shareholder buggered then?
Your thoughts?
Given the status of the Company's progress with the Proposed Acquisition and the time needed to complete the necessary due diligence and relevant documentation to effect a RTO, even if it decided to proceed, it will not be able to complete this process before Cancellation. Consequently, the Directors expect to seek to complete the Proposed Acquisition after Cancellation and then re-apply to join AIM. Cancellation is expected to occur on 7 October 2021.
RR isn’t just about air travel, planes trains and automobiles people and their big in hydro too!
https://www.webwire.com/ViewPressRel.asp?aId=279071
https://www.flightglobal.com/defence/rolls-royce-targets-military-market-with-all-electric-trainer/145396.article
I kept that to myself as I wanted to give Robert a change to answer my next question.
He never replied:
Hi Robert
Thanks for your swift response, a swifter response than I was expecting so that cheered me up a little, I remain optimistic for the future of such a great company.
Am I safe to assume that when I see reports of 100% of the share capital being sold for $1, that isn’t correct and I indeed continue to hold my suspended shares?
Sorry to be a pain but there has been a lack of shareholder engagement and an update tot he market on current proceedings would be great.
————-
I still remain optimistic
Me too, Loc123.
I got this back to still hopeful, at the end of the day NMC was delisted straight away. We are still listed as far as I can make out and the $1 sell was a transfer of interests eith money in to support a recovery.
The only thing that concerns me is the limit on the millions recovered for stakeholders.
Robert said:
On 17 Jun 2021, at 12:53, Robert Miller
?The stock is currently listed, albeit not trading. Any changes will generally require shareholder and or FCA approval. I cannot release preferential information to one shareholder over another as I am sure you understand. R
This gets to 1.40 today the shorts who want £1 will have to close, to much going for ARB tbh; they wont be able to risk it.
Tbh they just buy more to off set their losses.
In flight:
Todays news
Texas,
83% mining margin,
hodl,
green pools,
head of green counsel,
Elon and Sailor sniffing, Tesla take ARB coin!
hosting capability,
Pluto IPO etc etc.
I'd be ****ting it if I was shorting ARB, obviously haven't done their homework!
Knoblet lol
Be laughing at you when this is £2.50 end of next month.
This gets to 1.40 today the shorts who want £1 will have to close, to much going for ARB tbh; they wont be able to risk it.
Tbh they just buy more to off set their losses.
In flight:
Todays news
Texas,
83% mining margin,
hodl,
green pools,
head of green counsel,
Elon and Sailor sniffing, Tesla take ARB coin!
hosting capability,
Pluto IPO etc etc.
I'd be ****ting it if I was shorting ARB, obviously haven't done their homework!
I say fella sorry, Loc123 lol
Info here fella. Looks like a great move if the shares are still in shareholder possession and become unsuspended
https://www.reuters.com/business/finance/finablr-re-branded-wizzfinancial-merged-into-leading-payments-group-2021-08-03/
This is a much better summary tbh
https://youtu.be/ebIrLYQwHgg
Sorry, I meant suspension of business followed by cessation of business.
I think prism will wont to keep it on the LSE, they may have brought the parent company for $1 but LSE Finablr will be owned by the parent.
I see a big share warrents and options for prism and the suspension being lifted.
I’d settle for keeping my shares at 1p each and being majorly diluted.
In which case it should be delisted, FCA cant let it roll again as the shareholders haven’t been told or involved in a vote.
Maybe its gone private for $1 but nobody has updated LSE and FCA. So, I think to sell it without it being liquidated and no shareholder vote would be in violation of its listing on the market and at companies house.
In addition, the companies in the RNS below which were suspended at the time and due to be delisted.
RNS 17 August 2020
Finablr PLC ("Finablr" or the "Company")
Announcement concerning HMRC
The Company has also received notification from HMRC concerning two of its subsidiary companies, namely UAE Exchange UK Limited ("UAEExUKL") and Xpress Money Services Limited ("XMSL"), regarding the proposed suspension (for UAEExUKL) and suspension (for XMSL) of their respective business registrations. Suspension of business registration would result in cessation of business by the relevant entities unless and until the suspension is lifted. The Company intends to work with HMRC to attempt to restore the registrations.
END
RNS 20 August 2020
Finablr PLC ("Finablr" or the "Company")
Supplementary Announcement concerning HMRC
Following prior notification from HMRC concerning the proposed suspension of the UAE Exchange UK Limited ("UAEEx UKL") business registration, the Company has written to HMRC to address the issues raised in the original notice of suspension, to the satisfaction of HMRC.
The Company is pleased to announce that the proposed suspension of its business registration will not be imposed, thereby allowing current operations to continue.
END
In summary, I’m guessing if they don't conduct themselves in the correct manor the FCA could ask HMRC to propose a suspension of business.
I know what you mean Oofy, the RNS is less than encouraging but the Oct RNS did say this:
6 October 2020
Finablr PLC ("Finablr")
Offer for Finablr Limited
Finablr PLC is pleased to announce that it has received an offer from Prism Advance Solutions Limited ("Prism") for the purchase of 100% of the share capital of Finablr Limited and its subsidiaries ("Target"). After due consideration the Board has approved the offer and the Company will proceed to negotiate a share purchase agreement with Prism documenting the terms of the transaction and seek shareholder and regulatory approval.
Mentions share price agreement and seeking shareholder approve, so of they want to be unsuspended and on the LSE, which it will as a financial powerhouse, it will need to cough up.
The board which were not corrupt have skin in the game and cant take back handers. FCA would be all over them.
FCA have annoyed me with Amigo and some of my other investments so should sort this.