Member Info for ExMS

Insolvency and Trading:

An AIM company is considered insolvent when it cannot pay its debts as they fall due or when its assets are insufficient to cover its liabilities.

Trading While Insolvent:

In some rare cases, an AIM company might be allowed to continue trading while insolvent, but only if there's a reasonable prospect of the company avoiding liquidation and returning to solvency.

Wrongful Trading:

If directors continue to trade a company while knowing (or should have known) that there's no reasonable prospect of avoiding liquidation, and they fail to take steps to minimize losses for creditors, they could be found to have engaged in wrongful trading.

🤣🤣🤣🤣

Absolutely incorrect Psalm. That is not the worst thing that can happen at all.

There will be no funding as there is not anybody out there who would or should loan to this company. Therefore very soon the shares will be suspended and the company will go into administration. The directors in fact have a fiduciary responsibility to creditors and administration is there to protect creditors. The company is trading insolvent and management should be protecting whatever funds are left.

Shareholders will get nothing.

ProfitJock

Posts: 3,234

Price: 0.062

Strong Buy

RE: FTSE TOP OF THE RISERS16 May 2023 08:49

The disingenuous derampers operating as a negative sentiment piranha crew on here 24/7 conveniently forget that NNN CEO Duffin is also the CEO of Angel Capital so if you think for a moment that we aren’t going to secure funding then

you’re as inexperienced in the stockmarket as we all claim & a reminder

your spreadbetting is the equivalent of betting down the bookies.

As per the RNS the board re looking at multiple financing options

RNS updates on multiple patented fronts, projects & partnerships also due

This is a ground floor entry here seize the day imo

2 HOURS LATER IT WAS ALL OVER PJ. Just so people know……

#NNN #PJ #🤡

I can categorically say that I never will invest in a bankrupt company Psalm. But thanks for heads-up all the same

Psalm

On that basis you're saying I should simply just invest in bankrupt companies? Or companies that are trading insolvent? Am I understanding you correctly?

Who’s going to provide the funding psalm?

You seem to think that a company losing £300k/month, which still owes £400k to exit a TSP and has just done a placement for £88k will simply be able to raise funds?

Maybe the magic fairy-funds tree?

Haha PJ

I remember you ramping NNN in its death spiral.

Don’t you ever learn?

Psalm

Oh dear. A fool’s logic.

The only way a distressed company can raise funds is via a discounted placement. As you rightly point out this can’t happen here as you can’t discount from zero! Zero discount, zero placement.

It’s over.

2007

Lesson 3

The first cut is the cheapest

There you go. Free Friday lessons. Everyday is a school day 😀

2007

Lesson 2

You should never have bought

2007

Lesson 1.

You should have sold not lent!

As a PI why would you lend shares so others can short a company you are invested in?

Definition of dumb 2007. That’s if you’re telling the truth, which you aren’t!

……on the same pig

Oh deaf God Castle. History repeating.

When the competition is Ineos and Hyundai and PHE have just had to raise a measly £1.25m through a placement I’d be very worried. The patent means close to nothing.

Remember NNN and they claimed they wanted to get into cosmetics??? And L’Oreal had an annual R&D spend of £500m and still you believed!!!

Hyundai

https://www.hyundai.com/worldwide/en/company/innovation/hydrogen-value-chain

Https://interestingengineering.com/energy/waste-to-hydrogen-plant-unveiled

Has anybody on here ever looked to see if there is competition out there? Are there companies out there doing similar things? Are they further ahead? Or are they already up-and-running?