Member Info for Flakey5185

Will we see a penny this week or will we get some news to halt the slide?

Talk is cheap Blue!

Andrew Bond of Nexia Smith & Williamson has acted as Senior Statutory Auditor of Adept4, the AIM listed provider of 'IT as a Service', for a period of five years, his tenure commencing in the financial year ended 30 September 2014.

The Group's Audit Committee informs Adept4 shareholders that it has sought, and received, the approval of Nexia Smith & Williamson to extend Mr Bond's tenure for one year beyond the five years normally permitted by the Financial Reporting Council's Ethical Standard ("the Ethical Standard"). This extension has been granted in the interests of maintaining audit quality and continuity following the acquisition of CloudCoCo Limited on 21 October 2019. This extension is permitted under the Ethical Standard and will enable Mr Bond to sign the auditor's report on the financial statements for the year ended 30 September 2019.
Is this your clear the remaining poor performance of Ad4 prior to the newly formed Clco?
Clean slate after & onwards and upwards!

For me, I will top up at a penny a nd move on when even or for a slight profit.
Put it this way, before the takeover unofficial news was spouted on twitter. They wont say feck all now!

Hi GFD wasn't seeking a lower entry as skint until pay day, more trying to get posts up and a positive reaction that would shout me down.
I've not over stretched myself here at all, just really p13s3d off at the lack of communication from the newly formed company. That I believe is down to mxcp who will take over the company at a price that suits them and they can sell on for handsome profit. Same thing is happening with IDE, mxcp take on debt and an interest rate that is workable as its rolled over, come to the end of the term they will have a company for peanuts that's worth many millions.

Time to give us some good news if there is any!

Absolutely nothing Blu, but I bet that the sp will be higher by that time!

Folks will only get more p1ss3d off with the lack of comms, still think we could see 1p which would be ridiculous.
Newly issued shares are not available to trade until Oct I think, so no rush on Mr Halpin's part I suppose

I'd take 2p at the moment!
Would make a top up to lower my average, bit of a kick in the teeth though with that spread.

Same ****e tomorrow then guys!

Personally don't think we will get a true reflection of how the new company is progressing until we get the half yearly results!

Hi GFD
Why would the company announce to the market if they had drawn on the OD facility?
Is that a legal requirement?

Final results for Ad4 were 15th Feb 2019 so expecting some news in the next 4 weeks or so.
I doubt they will be very good but should hype up the future!
Wait and see I suppose. Gla

If I remember correctly, it was on Twitter not an RNS!

Further to the announcement on 2 October 2019, MXC (AIM: MXCP), the technology focused adviser and investor, is pleased to announce that it has, via its wholly owned subsidiary MXC Guernsey Limited ("MXCG"), acquired £3.5 million of unsecured loan notes (the "Loan Notes") in Adept4 plc ("Adept4"), following completion of Adept4's acquisition of CloudCoCo Limited ("CloudCoco").



The Loan Notes have a term of 5 years (though Adept4 has the ability to repay the loan notes after 12 months), and the associated interest rate is 12%, such interest to be rolled up, compounded annually and paid at the end of the term. Furthermore, MXCG has provided Adept4 with an additional 2 year working capital facility of up to £0.5 million, with an interest rate of 12%.

Spread at 23%... taking the p.s.

Speeding ticket yes
Tanking ticket NO

Probably won't hear anything until full year results 2019 are out!
Could we see below a penny ?

Mxc ide clco all doing nowt, and none particularly forthcoming with sp enhancing news. Have the two very large very exciting clients signed up? Or was all that to increase the sp during the purchase of clco?

#thefuturestartsnow# lol