Member Info for FigTreeHarry

Rules state ..

Anything from 700k - £30m listing correct.

Makes my 1p looks poultry i know.
Makes Radiks’s 00.50p look an insult

During covid lovkdowns this rule was flouted by a few, at the same time taken up by a number of lse global companies.

The quicker BOD produce the financial accounts, they can issue any new shares, only over a period, If that is still the actual plan, only a prospectus may not be required if this is the way.

Let’s see....

Progress101, i’m learning here also.
In the same boat fella.

Under stock market rules, listed companies must publish results within six months or risk having shares suspended.
(Regardless of rto, listing rule applies as far as my understanding goes, it is now 6months)

I also found the pdf helpful regarding rto rules
Fwded: https://www.handbook.fca.org.uk/handbook/LR/5.pdf

The below related to RNS: funding/ structure:
Initial issue of 128m shares “in full” required a prospectus by FCA and listing rules.
This rns was then cancelled.

New rns - New issue of just 28m new shares to market, was admitted yesterday.

The above all relates to a “variation of deed” which can be found under the heading of “charges” for the company called DKE FLEXIBLE ENERGY LTD, which is worth reading as it relates to debt charges.

Another 100m shares = £150k.

The point being financial accounting is mentioned, NOT funding or structure issues.

Could be right...

Alternative is, It’s possible the accounts are ready for this week, and DKE thought they would not require market suspension, however the LSE requested suspension as per LSE rules, even if late by a day/ a few days.

A late Rns had to be mocked up, as a result of LSE request to market. The market rule is usually notify by 7.30am. This has happened before with other companies. Here we also have the rto apprehension. Your comments are also valid.

Like us to open 250% high..lol

Made and Argo were doomed, sad set of events. Glad i don’t hold.

This is totally different.
Clean shell company, ready and ripe.
Biggest positive event of the month was the sale of arlington to the UAE. Agree.

The UAE is a solid stable nation in the middle east of proven successful investors in the UK and internationally, the envy of many. The undisclosed sum of the sale means cash in the coffers of the directors, parent support and major contacts.

The naysayers can cry all they like...lol

Radika,
Let’s get the complicated accounts out of the way first..lol

I’d offer to do them..

At this stage we don’t know anything, other than joining some dots, which point to arlington, and some heavy buying of dke shares, relative to the size of the company itself. We would all like RTO to be announced, we all hope it is arlington energy. But it is not guaranteed it is arlington. Arlington is in the public domain, in the media, and sale was a “snap sale” at an undisclosed sum last week. Then the overlaps of the directors in arlington and dke, flexible energy....

If this fruitions, well done to everybody.

Fingers crossed it is “snap reverse take-over”

Regarding directorGazzard...
In addition to the sale of arlington energy, and being director of a number of other companies.
The issue of new equity rejected due to requirement for prospectus, the subsequent follow up rns on equity, was an oversight of some sorts. Have to be better than that, could be understaffed.

I understand it is all part of the process...
Financial Accounts not ready, for DKE, are not that difficult, at value of £0.6m...lol

I will get my 1p.

They really need to work on their professional relationship with the exchange.
Overworked maybe..

Temporary suspension for accounts.

Shouldn’t be that long.

A TR1 or the shareholder data will be updated if it falls under Retail investor/ broker firm on DKE website in due course.

30m =4-5% ...lovely

The company is worth a poultry £0.6m, and that makes invesrors holding onto 70-80% of the issues shres very easy, at this stge, as the upside from 00.14p is far greaterthan the downside, that is stating the obvious here. Even of there are 500m at this level. Each punter could be holding 10m-15m shares, they are very cheap.

This creates a problem for the mm’s, we my see further equity issue, and rise up and up as result.

We should be truely nearer 00.30p, and that is not ramp in anyway. Another attempt in the mid 20’s should push through.

£150k buys you almost 20% of the shell company, put another way - 96m shares here, not too shabby if you have it, ££££multiples to be made, if and when the rto is announced.

Yep, they held the 30m back...that was enough to ge this share moving into mid 20’s today...

Can’t hold it back forever....

Motor ..

Starting to purrrr....

Agree with ole Swerv here.

Scary how we think exactly the same...lol

My add, the small sellers, will likely just sold to go after a rainbow, and the mm’s took it down for doing so.
They know the moves of the rainbow hunters better than we do. Easy to spot.

No news is good news, just as any news is also good news....

Get ready for a week of fireworks...!!

Many overlaps that support this RTO, once you look into the companies and who owns them.
Mad not to do it.

next week should be fun:))

Ideally 00.25p -0051p next week....

Anything more and I’ll bite my left hand off

Lol....

Swerve,
What’s the relevance of Schroder to DKE?