RE: THEY DIDN'T EVEN DARE ANNOUNCE THE RESULTS OF THE DELISTING VOTE19 Jun 2026 10:50
Agree Guidfarr there’s absolutely no chance a vote will pass through to delist this in its current form because there’s simply no reason to vote for it
If the vote to delist today had won - the stock value would have tanked another 70 to 85% in my opinion - so £12 mil mcap to at best £1.5 mil mcap with no real liquidity to sell at any value with no dividends v the pipeline hope a private sale of the company and assets may be achieved for £12 to £15 mil ?
I’m only an irrelevant small holder here having just bought in out of sheer curiosity with 100k Shares
I’ve seen this multiple times previous where companies have delisted with share holders hoping value might be finally realised example FRR (7 years now)
The reality is it never happens so how on earth Glass Lewis can possibly be acting in share holders best interests is beyond me
In this case this stinks of outright fraud, delist proposal comes in and the stock immediately tanks 70% with folk selling fearing better get to something than nothing, the vote then passes tanking the stock further to £1.5 mil cap at best with all the final distressed stock gobbled up by the insiders who then hold as a private company while the sale that’s most likely on the cards now completes
Don’t move anywhere, hold your ground and force them to be either honest or come up with a better proposal
Best luck everyone 🍀