When you look at this objectively, 85% of the shares are tightly held. Nearly 30% held by a company that paid 6x times Above the odds at the time. So anything could happen here, i need 10x to break even but stranger things have happened. If this relists beyond NEX then the sky could be the limit.
A company can emerge from suspension and the SP can soar, UFO did around 600% on emergence from suspension and this really is a potential boomer given the right circumstances and i’m not even in now. But have made a small fortune over the years on this so its close to my heart in a way. I will have a punt into potential suspension at the right price.
Pursuant to Rule 1 of the AIM Rules for Companies, if no replacement nominated adviser is appointed before the close of business on 28 October 2019, the ordinary shares in the Company will be suspended from trading on AIM at 7.30 a.m. on Tuesday 29 October 2019. If, following such suspension, the Company fails to appoint a replacement nominated adviser within one month of the date that its shares are suspended from trading on AIM, the admission of the Company's shares to trading on AIM will be cancelled at 7.00 a.m. on Friday, 29 November 2019.
Is our big buyer the same Darren Piercy who is the director of a company called cranetech services ltd? and the former director of a now dissolved company called spamavision ltd? Could there be a connection between some of the parties involved here?
I don’t think anyone really knows whats going on now especially with regards to our new largest share holder. What price did they pick up their 19.5% at? And are they in it for the long haul or are they 10%ers? This has never been a traders share but things could change, i want to add but what is the bench mark now?
This has become a complete mystery now. I doubt its still trading in any capacity. There may be some kind of internal wind down going on. Something has to happen thats for sure and some news on that must be imminent
I’m nearly 80% my £23000 is now worth less than £7000 whats the point? If it gets to 0.05 i’ll buy big to trade out, otherwise i’ll leave it, i’ve made what i’ve lost here and a fair bit more over the last 6 months. This is a dog with a huge over hang.