Member Info for Frenchletter

My account is showing that i can only sell this share, not buy any, why would this be? I can do whatever i like with other holdings, and have a near 10k limit for T20s is there something up/going on with this share (appart from the huge spread 🙂)or is it just my broker? for info, i don't hold much, 2k bought, 70% down, value a little over 500 pounds.

My opinion is that they either won't or can't announce a court date until all conditions are met, imagine they book a court date in spring, in anticipation of all conditions being met, and they aren't, they'd have to get another court date, and maybe at some expense, no, for me, sidara and wood will make it watertight before approaching the courts.

Re CLN and icecool, i am a supporter of ice cool,, but iam heavy(ish) into he1 (helium one) who had engaged and just gotten out early of their CLN, and it absolutely decimated their share price, by 75%, since recovered to minus 60%, its a terribly desperate way to raise funds, as it gives an almost zero risk to rhe lender, while diluting the hell out of the share.

Hah! Well I've been called worse, just think its as sneaky as owt for sid the flying carpet to be doing this, and institutional investers to be taking it on the chin, as if they've said to themselves, "ok, you win some, you lose some, our millionaire /billionaire investors won't notice, if they've beaten an index, they'll trump it, and if not so well, it'll be about economic climate and the geopolitical situation, snakes in the grass comes to mind.

This is getting stupid now, 35p 30p/25p/10p, where does it end..? Of national importance is the British steel industry, and the government has intervened, wood group is a great british company that has a direct impact on fuel security in the uk, government should give loan guarantees to the banks, and allow wood group to restructure, allowing historic loss making contracts to expire, and building confidence amongst existing and future clients, (enough said about the current and past board of directors)

My thoughts exactly, how could the involved parties, especially wood group have made a deadline on a bank holiday, this is inept, somewhere along the line, even though it's not a bank holiday in Scotland (wood groups headquarters) it's a bank holiday in England, and markets are closed, and nobody seemed to realize, lets have the next deadline on Christmas day, just to demonstrate how thick they are 🙂

Can someone explain to me the mechanics, and why, they're are sevel trades for very small amounts, typically under 10 pounds, why would anyone do that, taking into account dealing costs..?

The share price consolidation is nothing more than pleasing local markets, the USA for example has shares priced in several tens or hundreds of dollars, not so much in pennies, it makes no difference to your holdings, the potential 2.5% share issue is nowt either, it's just to create tradable interest on the ASX, greatland doesn't need the money, and the shares are currently up around around this percentage, this is not an artificial intelligence share that people are jumping on an unknown bandwagon, but to me, it's underpinned by a fantastic deal that the board made, with great revenue and physical and growing assets, my 100,000 shares are staying put.

I tried selling my 3k holding the other day, no joy, it appears that this 46 million pound company can do what it likes, and just disregard previous private investors, my only hope is that it gets relisted on the nasdaq, and i have some recourse, because technically, i and you still own part of this company, l looked into delisted companies, they were obligated to allow them to be traded on jp Jenkins for one year, which is now up, for me, they will find a technicality, dilution, change of holding company, change of durisdiction, to obliterate the likes of you and me, we are easily manageable flies in their ointment, i hope I'm wrong..

Hello, did you get an offer for your shares..?

Has anyone traded their shares on jp jenkins, bought or sold, and is the 16p price quoted available..?

I suppose it comes down to the qualty of the business and management, do the other companies have huge milestone payments coming (not guaranteed offcourse) will redx stand out from the other hopefulls.

I'm a bit of a novice at this, I'd appreciate if you could explain how post delisting that pi's would get diluted into oblivion, just say they raise from their exsisting institutional investers, they issue a shedload of new shares, does that not dilute the institutional investers to..? And the chief executive's holding, i thought the idea of delisting was to get access to capital from private equity funds, and to have a true valuation of the company going forward, and why would they bother screwing a mere 16% of private investors, we have a year (minimum) to trade these shares offmarket, i would hope a fundraise would come based on the true value of the company, milestone payments and other deals in the pipeline, and a listing on the nasdaq..

If i had the money, nerve, patience, and understanding of how the delisting will work, (im somewhat comfortated (if you can call it comfort) that there will be a trading facility, and the remaining 84% of private eqity investors will want to see good retuns) i would probably buy some more,.. As it is, im down 75% so will hold.

I dont know how it will work with redx"s matched bargain facility, but on asset match, there is an auction every three months, you offer your shares for a certain price, and a buyer offers to buy at a certain price, if the demand is high enough, and you havnt asked for too high a price, then you will be able to sellthe selling price is taken on the average offer price on the last day of the auction, for example, if one buyer wants 10 thousand shares, there's 5 sellers with 2500 shares each, 1 is asking 9p, three are asking 10p, 1 is asking 11p, the 10p"s will go through, and the 9p will get 10p too, the 11p will be frozen out

The company is making arrangement for a matched bargain facility, you will still be able to trade your shares, and if the company beleives that going private is the way forward, then the remaining private investors could do well, i was in fasjet when they went private, and was able to sell on asset match with no loss.

II find the "I told you so" posts truly unhelpful, why do these derampers even bother, are they sitting at home in their pipe and slippers with nowt else other to do than gloat, in-between watching day time telly, eating pot noodles, and drinking supermarket own brand beer, saving themselves a couple of quid so as to punt on the next big thing while being bitter about losses on the share they have deramted , what's done is done, Angus will get funding on the best terms that they can in an unfavorable climate, what's the alternative,.. Go bust, relinquish their licence,.. I can't say what will happen down the line, but surely.. Perceived expensive funding is better than no funding at all.

If and when fjet de lists, you still own shares, what happens if it gets funding, expands, and eventually pays dividends.? Even though the shares will be difficult to trade, they will still have a worth, and you still own a part of the company,... Or am I being too optomistic..?

This could turn out to be an excellent piece of business, if all goes well, they're looking at 150 bpd, 16.5% share would give mosman around 25 bpd,on a 100kish investment they'd get there stake back in no time, and offcourse, access to future opportunities, the board have been prudent so far, (with one or two exceptions)...this can only be a good thing, calculated risk as I see it...

I'm no financial woes kid, but.. ...it seems to me that when the share price was at .004p this company was priced to fail, it now seems unlikely, the board are taking a very measured approach with their investments, and slowly but surely are adding projects at a good price that will add value, one poster has noted that we have been diluted 80%, but taken on a share price of 40p a few years ago, that would still leave us at 8p..(approximately 10 bag from here) ok, we don't have new Zealand licence any more, but that was going to be a big financial drain)...if this company can start to turn a profit on a consistent basis, then who knows where the share price could go....I'm in...