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From the recent RNS:
If the Company is unable to enter into a transaction which qualifies as an AIM Rule 14 transaction by 27 September 2023, the Company's Ordinary Shares will be suspended from trading on AIM, pursuant to Rule 40 of the AIM Rules.
We know the deadline is 27th September (it says 28th on the later RNS). We know the new directors are here with a plan (good enough to convince the courts) and that they're happy to do this for a quid a year (almost as if they expect to be rewarded through other value generation...).
So it is just a waiting game. And not a long one. That is only 58/59 days away, and that's if they let it go to the wire.
Assuming they're coming in with a plan and interested parties (again, as per RNS), then these parties will want to move quickly before this low expenditure cash shell with an RTO strategy is snapped up by someone else.
All imo of course, dyor etc., only risk what you can afford to lose and all that shenanigans.
At least we'll know inside two months time, which is nothing in this game.
Very different scenario that one.
I'd guess it'll float about a bit while we wait for news. It's a mix of people trading the rise (or trying to at least) and those that have taken a position for the RTO. As we get closer to the deadline, I reckon more people will take positions. This should lead to an increase in the SP, but it'll only go so hi before people don't see much upside for the risk. I'm hopeful for around 5p myself, but I wouldn't be at all surprised at a drop throughout the week either.
Either way, I ha e my shares and I'm doing nothing with them.
Hopefully you mean the former....
It's not even that much of a drop. I just expect it to float around here, probably slowly working its way down as people get bored/move on to the next shiny share. But when news comes they'll either be locked out or it'll shoot up before buying. So rather than worrying if I've missed the top/bottom I'm just ignoring it till news.
Surely nobody is daft enough to buy on a cross ramp on an LSE forum? There are waayyyy too many of those around.
Anyone here should be here for the RTO, that is the main value creation point that is next. Get your shares, sit and wait. That's my plan, obviously you do you.
I'm certainly rather enjoying it myself. Welcome on board. FYI, the chat here at the moment is full of extremes of opinions on this. The reality with most shares is somewhere closer to the middle of the two.
No guarantees here, but with the new directors coming in with a clear remit and plan to secure an RTO, you would hope that they will create significant value. Worth looking up some past RTOs and the value they created in cash shells, it can be very healthy indeed (upwards of 10x). But also factor in that some of that potential increase has already been bought into already.
It's still a good investment for me, just giving you my view as it stands.
Nice day. Been out all day so only just seen. Better than I expected. Good work all, and onwards we go and all that.
Sold the majority at mid 3s. Kept 200k in for the RTO news. Not worried about the daily shifts now.
It was 20% up within an hour of opening, and you message it isn't moving... Haha.
Best to respond to the trolls with a new subject. They want to push their agenda, and getting into an argument with a catchy negative subject is one of their methods.
Good luck all, let's see how things go. Until news I imagine a lot of movement in both directions.
it's a new one on me. hopefully they're about to announce something huge (rockets and all), but it's more likely a **** up from the suspension, and your broker is just changing the settings.
Putting imho at the end of each post isn't necessary in my honest opinion.
I think probably not, but maybe in the next week or so. They have a couple of months, and will want to move quickly, but they also wont want to rush anything out. I could be wrong of course.
To an extent, they've already outlined the plan. Convert one of the options they have into an RTO.
Completely agree with this. No benefit to anyone if there wasn't a concrete plan in place. They clearly have multiple options too as per RNS. Just a matter of time, and of course depends on the RTO details as to what value that brings.
To those being a touch too enthusiastic. If your aim is to encourage others to invest, this approach is not helpful.
It is definitely exciting, and I also believe there is a strong chance this is primed for a RTO with ALLWYN. But for now, having a bipolar board with the naysayers vs the blind-faithful, I personally wouldn't buy into it. I'd wait till the madness had calmed down.
I know it is a lot to ask the LSE boards, but everyone just needs to chill out, try basing their posts on clear and relevant facts, and just see where this goes.
Seems to do this on this share. Gets stuck, and wont allow buys or sells for a bit, then it runs up again. I think its just because of how fast it moves when it does, but not gonna complain too much.
Doing well thanks. Held 300K shares overnight, but have increased that to 440k since relisting.
That's 3000% since 0.17 on friday. Fair play to anyone who held that. I doubt there are many
If you don't like it, that's ok. Just go somewhere else. You're ruining Money Down Raining Day for me.