Member Info for DojiStar

A lot does really depend on how this new company will trade initially. If it hold around the 20p mark, then that's decent enough. Given that only the old amc shares will be tradable and there's no placing overhang, it is possible. There might limited stock available for a while.

.......and how much could be returned after liabilities and abort costs? I think figure that might disappoint quite a few.

They certainly make it sound like the cash position won't be as great as everyone thinks. You have to take in account the very high admin costs and rto costs since that final results figure. It'll be a lot lower now. Good question for the Q and A, how much cash do you have now?

Do you really trust the board to wind this up in a timely manner, though? I bet they would drag it out as long as they could and you'll end up with less and just have to wait longer for it.

23p would be good, but you're right, it'll be lower than that.

I tend to agree, unfortunately. Worth noting when considering the value, that all these new shares are going to the new directors. It makes a big difference, they are not free float shares.

One interesting part is that the 24m shares are locked in for a year. That will improve SP performance and likely cause a shortage of shares, if the company gets some interest. IF! Don't think it will past the vote though, so it's all irrelevant. I wish it would, but can't see it. Maybe they need to hold the AGM in the north pole.

Yeah, it's a low offer and that's based on their valuation of the other company (which is probably generous). I'd be interested to know how much cash amc have now. Is it worth the hassle of chasing it, if it's much lower, after all the money spent on this deal and wages.

The main concern is will it hold that deal level for the short term. You've got to say it's likely to move lower quite quickly. So cash would be better. However, 3 weeks to trade the shares, god knows how long to get the cash.

You could just sell the shares though. You're not forced to be in long term.

Well, they get 24m shares and we get consolidated to 8.5m shares. That how I see it. All depends how you think this company will trade. Will it hold value when it begins to trade?

Not sure that's going to please many, based on my calculations of value. It's at the lower end for us. £1.8m for amc? Based on their valuation of the other company. My maths maybe wrong though.

I don't have much knowledge of the healthcare sector, but to me the description is bang on pre|CISIONTM (avct). Either it a another company doing the same thing as avct or it is something to do with them.

It does say, delist or seek a liquidation, in the sentence below the one I noticed. Actually the going concern section is the most informative and interesting part. It suggests no funding needed for the rto company.

Well they're still following aim rules and they're still updating us. After delisting there will be nothing.

On the flip side you might get the 30% to do something, but it's high risk.

The other point is they don't mention returning cash in that sentence (like they promised). Just delist.

....will delist. Then you're stuck with a private company that doesn't respond to emails.

Like says in todays announcement, if the rto doesn't happen it

It all sounds very similar to what avct are investing in. It wouldn't surprise if that's a private company they own a stake in and that's going to be listed. All guess work though. I'd look more into it, but can't be bothered any more.

Also I think they'll reorganise the shares for the rto. So that shares in issue will change dramatically and the price set. Could get quite confusing to work out.

People have asked them to do that loads and nothing. You have to force them to do it and it's not easy. If it was simple I'd of done it 8 months ago. Maybe they'll add it to the rto vote, but it doesn't look likely.

At least there a new time frame now. Sometime in May. Which obviously means early June.

As for returns, I'd take 0.1p now, to be honest.

Not surprised. How much longer can the larger shareholders around here give them, before they realise they need the shareholder group to get to 30%. Either that or send in a winding up order (I think you need to have a decent holding to do that with BVI). I would give them a little longer now it's gone this far, but it's getting so ridiculous.

The question is how do you get them to do anything other than the rto? I wish we were in the same position as TGR. Just 5% needed to call a meeting and that's got the board there very worried. Actually quite funny to see their response. Suddenly they care! It's what we need here, but how do you get 30%. Is that the only way to call a meeting?