Member Info for DJP4976

Just got to remember everyone that is involved in this have big money in themselves. I would be shocked if the due diligence wasn’t thorough prior to announcement of the deal back in June considering the concert party have millions invested.

Given the concert party and Simon Wilkinson entered at 0.2p, I struggle to believe it’ll be for any less, so 0.2p minimum. Concert party have waited for 2 years like other shareholders so who knows if they do it at a premium. It wouldn’t surprise me in the slightest if they did, but considering they are asking management of sorted to align with investors also, it may well be done at 0.2p.

All guesswork but suppose we just have to wait and see.

Likely no sticking points as such. It’s almost certainly a done deal as without LSAI funding them they’ll enter administration and then LSAI pick them up out of admin anyway.

RTO’s take time and it has only been 4 months, if it relists before Christmas which at a guess I would imagine that’s the plan, it’ll be a sub 6 month RTO which is pretty average, some suspend for years.

I reckon they comeback with plenty of cost savings and a quick way to profitability. Like I’ve said multiple times before I’m really hoping to see a raise with all insiders, maybe even all warrants exercised to add cash into the business also, if they do this and don’t raise any with retail, this will remain as illiquid on its return as it did before it suspended and could see a very big move. Especially with the likes of who is involved it could gather some press attention IMO

Iain Greig gone now also. Again more out with the old, sense very close now to in with the new. Reckon they want this relisted for the Christmas run up as likely their busiest period, could be wrong but would make sense

RTO’s are a lengthy process, a lot of work is involved but the recent update sounded very positive. I like everyone else here is very keen to hear on what terms any money will be raised at. Fully expecting it to be 0.2p+ and hopefully kept with insiders

When it relists they likely will do a share reorganisation at the same time to reduce the number of shares in issue and it’ll list at a higher price.

As long as the relist price is effectively 0.2p or above I’m happy. I can’t see them doing it for any less at all, the question remains will it be a premium to the concert parties entry? Considering they’ve waited for 2 years there’s a chance it may be, time will tell!

All sounds like it’s progressing nicely. Looking forward to hearing details of the deal structure, price and who has taken part in any potential raise

Yes, shouldn’t be long now before we hear of the deal terms for LSAI holders.

No not as of yet, I’m checking daily haha!

Founder and CEO David Grimes resigned yesterday 4th October from Sorted, changes happening, out with the old, next will be in with the new

Doesn’t really matter does it, obviously a reason behind it. Reckon Sorted results will be out within the next week or so and then we may hear on what terms the deal is being proposed to be done.

Getting very close now, first LSAI major shareholders list updated on their website, now Sorted holdings confirmation statement published on companies house.

No they were holders before suspension.

What it does confirm though is the 75m share sell that went through after suspension from cantors is unrelated to the concert party, which is obviously good.

If this comes back with no further funding or placing to retail, but is all done and kept with insiders, ie board of directors, Major shareholders, sorted Management/shareholders etc and maybe all warrants exercised at 0.2p, this could really fly on relist as the free float of shares available to retail would remain unchanged, meaning it’ll be just as illiquid as the day it suspended

Getting close in my opinion. Major shareholders list been updated on the website as of 15th September, also including Monecor, Spreadex and Cantors holdings. Screams of getting house in order before update of terms of deal

All sounds like it’s still going to plan with the RTO and expected to return to trading in the last quarter.

I don’t believe that this wasn’t looked into in significant detail before they committed to the loan, and the board currently haven’t showed any reason to doubt them, apart from taking a long time to find a target acquisition. They likely can make significant savings with the Kamani’s connections/office space etc as it is, undoubtedly they saw an opportunity.

I can’t see an dea being greater than 0.2p anymore as they are asking for Sorted management/investors to invest to align themselves with LSAI holders, that pretty much says to me they want them to invest at 0.2p also, that’s just my take on it, and yes any less and that’ll instantly damage shareholder confidence.

I reckon we’ll hear something this month

LSAI had cash of .15p or there abouts prior to suspension, they also have a big tax asset on the book and all concert party are in at 0.2p, all in all I’ll be pretty peed off if the deal isn’t done at that same price .2p. Personally I just don’t see it, I can’t see Kamani and Co doing a deal for lower than where they bought in with a significant lump

Varies massively some can be done in weeks 6-8 weeks others can take many months. I would expect to hear something relatively soon regarding this RTO just because of the cash burn at Sorted, it’s not something that can drag for months

Blimey Rob how many you holding if your talking retirement fund haha!!!

Chill Rob, this isn’t some ponzi outfit, Richard Hughes and Kamani backing it, we are in safe hands.

Could make sense that they are waiting for the last known bad set of results to be out the way until the RTO is put to a GM, with a plan on how to quickly turn to profitability and grow the business