Member Info for FigTreeHarry

Zak and gazzard are part of another listed co where Zac is ceo and Gazzard director.
They will be in communication with each other.

Agree no real excuse, to cotact Michael, as it is only a shell right now, not an full-on operating business.

Hopefully by end of the week, to calm their biggest shareholder and investors in general.
But Michael also needs to file the tr1 form first, normally within 5 days. Once that is completed, Gazzard may contact.

Let’s hope the accounts are almost completed and ready to file...?!!
I would prefer this as a priority this week. Week 2-3 now.

F.

Hope financial accounts news this week...

Tr1 filed, but still not reported via rns

I’m hopeful.

Just re-reading the recent rns If we return to listing, with an we iterate we are well positioned for an immediate transaction to be announced” type rns, this will be x5 where we are now. This is what I am hoping for, to make up for the suspension and no of days lost trading here from late filing.

If Mr Gazzard, rewards the investor’s they placed faith in dke In October rns.
All is forgiven here fast I’m pretty sure. I do believe they wish to see the sp to rise from here.

Live for another day?

I agree.

Sooner the better.

Fingers crossed we relist in the next 5-6 business days...
Nobody’s needs to lose money, nor wants anybody to lose money here, it can be avoided. I can sure of it.

The rest can happen later, the right transaction yay or nay, new additional shares, GM voting, etc..etc..

GL /ATB

Thank you Progress.

Have a list of your questions ready;)

The biggest Q. right now of everybody’s minds is when are we re-listing on lse with financial accounts from this “temp” suspension. It is temporary ? This week? Next week?
Can they reassure the market with rns prior to re-listing/ same morning.

That would be a good start, to calm the nerves.

Thanks in advance.

The £cost of producing acc’s is not an issue.
There are 2 directors and a (possible secretary in DKE).
The recent “snappy sale of arlington energy” was all within 2 weeks of LSE deadline of producing the acc’s.
If the 2 had to put something together for the sale, that may have took precedence over producing the acc’s.
It could also be a genuine point, the accounting firms are overloaded with work to sign-off.
PLUS, any sale proceeds from arlington would do more than a couple of set of company accounts.

All to play for, It would be a foolish man to walk from the London exchnage, and to throw a shell away, after all this effort.
There are always choices, the BOD of DKE need to take the right advice and choose the right one for its shareholders, in this financial climate. Print the acc’s and follow up with an rns to calm nerves, and be serious about an rto, else let folks down gently. But it will be their loss, if they cannot fidn a suitable target, arlington or not, ....another company...

Wish this was my company, I would find an rto.

BOD just need to communicate all is on track, reassure its valued investor’s who have supported DKE, through thick n thin while they find a suitable transaction and execute, and there are “myriad of options” and routes to the end goal.

Report basic acc’s, get on with their funding, strategic planning and processing with regards to finding the right transaction. Completing it comes at much later stage, the simplicity comes down to the Industry and size of the transactional business.

They need to be vocal and share which sector/ Industry or business they are looking into for a potential RTO to whet the Investor appetite.

The above does not mean an immediate suspension either as we see this all the time on AIM LSE. It just means DKE is pro-active in their hunt for a RTO which may or may not lead to a successful transaction at this stage.

Actual Suspension comes later....much later, not immediate. There are a no of rules, at least it gives investor’s a chance to make a decision, if they wish to hold or not for the bigger prize.

My add to the BOD ...
Walking away is not an option.
Make this happen. If you don’t somebody else will succeed you to it.
Get serious, put the hat on and land a punch. Get it over the line.

Despite negative vibes from 1-2 individuals, an ex holder and his neighbours cat, miaow...whatever.

The fact remains this BOD were successful with sale of “Arlington Energy” business just 14 days ago, found a big International buyer and nailed it, it proves they have clout in business and global Industry, and they can achieve further success via shell-DKE on the LSE. Only a bigger platform. Opportunities like these come seldom, they should go all out in 2022, only the weak walk away. Re-list, drive sp with solid rns, up to 1p, raise cash via placing, and we are all back in business. Get RTO over the line.

BOD, they have the talent with their investment banking background and connections, credentials and contacts, if not Arlington another UAE company seeking a listing in the UK, use thier their new contacts to network in industry, it is a question of their real desire and BOD are serious and up for the challenge. They are not young and this may be their biggest financial opportunity staring down the barrel and need to believe they can pull RTO off with DKE with support of shareholders and enter the major league. £M’s to be made for them and its supportive shareholders and the new business in question.

Don’t waste good talent and walk when there are only minor obstacles in front of you, step up and deliver. That is all they are obstacles, no different to any other in the markets. If other’s have historically overcome them, so can Gazzard and Co!

Shareholder’s are fully supportive and on board for RTO, and their is no time for regretful actions, and time waits for no one. This is your time.

End of.

The only update is the total no of shares figure.

Let’s hope accounts are published next week.

The accounts due are upto april 30th -22.
Should be easy enough exercise for a shell of this tiny nature.
I’ve seen the previous years. Not that difficult of a task.

Michael,

I have a lot of respect for your composure and conduct here. As you hold near 60m, and then the sp went into sudden (temporary) suspension, just when the sp was moving up, I would send an email to the CEO, for any concerns and questions you may have.

That is what I would do myself, if that happened to me.

Fig

Trout,

So you sold out, that’s tough. Yet you love this board.
I don’t think the DKE board cares much.
Whether it is Arlington, or not, that has already been mentioned, as has the fact, more shares may be issued, there could be another target. Now unless you know more, it would be insider info if you posted, which you would not, as that would be rather foolish. Other than that, not much more.

If the sp rose to 00.50p -00.65p once we are back, most would be happy with or without an RTO, anything further let’s see.

Good luck to you, (but kindly quit insulting Mum’s and grannies on other BB’s poster’s, you look like a weak shrivelled prawn)

Radika,
Wasn’t picking at you in anyway or form, and it was directed at no one.
Just banter, no sarcasm either.

£30m cap (wishful thinking..) would mean 6p, I would be happy with much less, I was merely answering a question from another poster earlier.

No offence intended to no one.

Firstly holding 3% in a tiny company, and coming on a BB and saying it gives me the chuckles..., is not the same as holding 3% in a £50m, It likely bought you 3minute fame on Twitter. £30k holdings are lost everyday on the markets in some form or another, they don’t cry about, nor talk about it. The bigger players will roll their eyes.

Your timelines were different to the companies timelines, that happens.

Sale of Arlington, was this a free lunch? No
They have cash to print a prospectus if they wish to do so from the sale proceeds, and much more.

While parallel to this they were involved in the “snap sale” of ARLINGTON ENERGY to the UAE, who want to increase their investment in the UK.

Which was of more importance, i’ll leave it to you to think about chief trout.

Why would the Saudi’s buy Newcastle? Not a betting man, but could you foresee this ever happening....? No.
But they did.

The world is chnaging, and so are the rules, what seemed unthinkable 10years ago, seems normal tomorrow.
What will be, will be.

No medals will be awarded, that’s for kids;)

The UK Financial Conduct Authority has published new rules aimed at encouraging more companies to list in London, especially growth companies. The new listing rules came into effect on 3 December and reduce the 'free float' requirement (the minimum percentage of shares a listed company must have in public hands) from 25 per cent to 10 per cent. The changes also allow limited dual-class share structures within the premium listing segment, enabling directors to have weighted voting rights on resolutions to remove them (or on any resolutions, after a change of control) for up to five years after listing. The quid pro quo for these concessions is an increase in the minimum market capitalisation required for companies (other than funds) on listing, from £700,000 to £30 million (less than the £50 million originally proposed by the FCA). This change also applies since 3 December, but there are transitional arrangements for companies in the process of listing, and existing listed shell companies, such as SPACs.

https://www.gov.uk/government/news/uae-to-invest-10-billion-in-priority-uk-industries

This was last year when UK - UAE partnership was agreed, Arlington director’s may have attended. UK Gov regulary invites a no of small and large companies in these business events.

Positive move by Boris.

LOL!!!

Not sure what’s funnier, guy’s it’s time to strap on...lol

Even £15m = 3p

The highend of the spectrum, can only be a dream for many investors, and it is INVESTOR’s who will vote on any decision, when called for, as they hold the most shares. They have done in the past i believe.

Who bought 30m? That should be a tr1 by Monday.