Material change in our business9 Aug 2018 18:14
Just a point, after reading back. Because we won't be processing anything ourselves now, and we aren't using our own proprietory method, nor constructing the plant as was intended, we actually don't have a business, insofar as, our flagship project, the only serious project we've ever had, is being handed over to JLP.
The AIM delisting was purposeful, in my opinion, because a material change in business I believe would have required a shareholder vote, under AIM rules. I may be wrong, but do we count the handing over of a project as a disposal?
If so, please have a look at AIM Rules 2018. Item 15. Shareholder consent. (Before effectively becoming a cash shell).
https://www.lseg.com/sites/default/files/content/documents/aim/2018/January/AIM_Rules_for_Companies_January_2018.pdf
The thing is, maybe we can get some info from AIM as to why they didn't allow us to come out of suspension, considering we were told by Alex that a Nomad would be forthcoming. Obviously, we don't even know if Borrelli ever did get back in touch with AIM once we were suspended, or who that Nomad was to be, or if there ever was one lined up, but you'd have thought that any potential new Nomad would be acutely aware of our deadline date for delisitng and be in contact with both BMR and AIM. Additionally, it also doesn't appear that Bozzer applied for an extension of time.
I'll contact AIM and see if I can gain any info that might help. Let's hope I'm more successful than I was with WH Ireland. Lol.
Seriously though, Alex has not represented our best interests with this stunt, and, moreover, has acted without our knowledge, upon it seems, implementing a fundamental change in our business. Ultimately, in our prospects.
In my opinion.
Cheers all, and best wishes.