Member Info for Globex

Jplay thanks that's funny and explains a lot. I've been here a little while and never known such a universally reviled poster. Doxxing himself writing fan letters on the fb page lol, that is absolute classic.

The really striking thing here is that 7 of the 15 resolutions were 25%+ against, of those that voted. All absolutely vanilla resolutions like you'd see on any other plc AGM. But here, even the CEO's reappointment was 25% against.

Clearly we've seen some heavy churn since, and some of those no voters will have exited - but so too will those who voted in favour.

And this GM clearly very different from the AGM, bound to see higher turnout this time. But at same time, I can't see these proportions improving in favour of the board, especially with so many new buyers like us onboarding, specifically to vote against.

If proportions are similar next week, this cancellation fails.

In light of the big day next week, reckon it's well worth looking in a bit more detail at last GM.

https://www.lse.co.uk/rns/NANO/result-of-agm-vsgq4gbgvs8l5wi.html

Cheers for quoting bit of my post btw re unaccountable illiquid private instrument . The one that mouth breather called rubbish lol. Can't reiterate enough. No shareholder should want this. Going private only serves to benefit insiders. Critical to vote against.

Decent couple of RNSs today. Both well worth reading.

Important recap about our the company's relationship with AST Space Mobile, which has become a giant in its own right in last few years, and even working with SpaceX to launch their kit. ENSI very much embedded in all of this.

"In its latest milestone, AST SpaceMobile has scheduled the launch of three next-generation BlueBird satellites for 17 June 2026, aboard a SpaceX Falcon 9 from Cape Canaveral, having recently secured US regulatory authorisation to provide direct-to-device cellular broadband nationwide.

EnSilica was selected in 2021 to support the development of a next-generation custom ASIC for AST SpaceMobile's space-based cellular broadband network, which is designed to work with everyday smartphones."

Watch the late reported trades today. There was a significant slug of shares on the ask that got taken out in one hit. Things could get feisty here.

"You guys really are beginning to invent rubbish. "

Posters like this are the worst. So completely inadequate, they resort to low level responses like this. I guarantee he has not run a private company and has no grasp of the abilities we have have to alter share structures. Probably hasn't even looked at a plc AGM notice and share issuance resolutions. Absolute waster.

It is crystal clear by now that these directors are not acting the best interests of shareholders. The price chart on just about any timeframe tells us all we need to know. The market always has the final judgement and it is damning.

The delist proposal alone has wiped two thirds off the market cap. It's already proven to be one the most capital destructive thing they could have done. It benefits no shareholder to hold an illiquid private instrument without accountability.

For insiders on the other hand, the benefits are many. No interim accounts. Massive lag between reporting periods. Zero visibility on admin costs breakdown.

The anti-dilutive protections we enjoy as part of holding a regulated plc evaporate. So does the principle of one share one vote. They can create different share classes. Imagine what happens to minority shareholders then.

It is nothing short of outrageous and I've been delighted to vote against.

As we know, space tech absolutely white hot but importantly not limited to SpaceX. Just yesterday ICEYE (a European space tech co) reached $10bn milestone in its funding round. Seraphim Space Trust (which I don't hold btw) has zero holding in SpaceX but it's done 3x in last 9 months. ENSI slots right into this picture. Space tech supplier with added upside of European/UK sovereignty factor. Being UK Space Agency backed a significant official stamp of approval.

Not many people know this name right now, but in time I am certain they will.

And let's remember this is not just a space tech semiconductor company. Industry, healthcare, automotive, defence - all part of the company's customer base. It'll be volatile at times undoubtedly, but I genuinely see this as one of those rare (for LSE at least) tech stocks with pure blue sky upside, should the company continue to execute - as I expect they will.

Absolutely stupid title. If you want to see actual pump and dumps look at the leader board on any given day here. Continued onto new thread.

That last AGM an interesting indicator. Solid 8.5m+ against a whopping 7 of the 15 resolutions. For that voting block to go against even routine resolutions, fair to say the company has an unusually high proportion of p*ssed off shareholder base, even without this latest misadventure. I realise this won't be news to anyone who's been here a while. None of this improves the board's chances of getting away with this. The opposite.

Stockscapital. Fully agree. £10m cash matters. Tangible NAV discount to market cap is extraordinary.

Nice, about time this caught a break

Do yourself a favour guild, ignore him, everyone else does. I don't think he's well.

Between us I'm sure literally own more shares than the board - which tells you all you need to know about them really.

Imagine being so terrible at your job running a company with cash in bank of £10m+, you manage to crater its value so badly, it is now valued by the market at 50% the cash balance. They should feel ashamed, genuinely.

And these guys think we should trust them when they claim delisting is a good idea? Absolutely no chance.

It's very interesting to see the make up of private investors here, and genuine power we collectively have to keep this listing alive.

Hargreaves Lansdown - 21.31%

Interactive Investor - 12.80%

Barclays Smart Investor - 4.81%

Halifax Share Dealing - 4.27%

AJ Bell - 3.46%

Considering the board need 75% of votes cast to get away with this, could be a bit sticky for them here.

It's also striking how few IIs there are. We know Milkwood have form for activism here. Can't imagine they'll be in favour of this. There is also an entity called leaves Cable Car on ~3%, not clear about their intentions. One group we know will be in favour of the delist is the employee trust where management awarded themselves free shares totalling 6.73%. Those will clearly be in favour. That's everyone over 3% accounted for.

The arithmetic is undoubtedly on the side of us regular joe shareholders - as long as enough of us actually cast our vote against.

Seeing the establishment closing ranks like this to protect one another to me reaffirms how important is we stop them.

Kooba Bernstein would be great here, not dissimilar from Harbour too when that had a NAV way in excess of market cap but held back by improper management, although I believe his activists days are behind him now.

Laura2022 nice I remember seeing WHI, wasn't in it myself but do recall seeing it top of the leaderboard with a 3 fig percentage single day gain, great to see precedents for these being overturned.

It's curious how these Aim boards keep trying this grubby stunt isn't it? We are really swimming with sharks here.

If even if I wasn't holding this, I'd find it impossible not to root for the regular joe shareholder here, against the board's attempt to take this away from the public markets and all the transparency it entails. To try to strip away that fundamental ability to buy and sell the shares through the stock exchange. It's wrong in every sense, fiduciary, morally, you name it.

On the market director buy too today, has to be a good sign doesn't it?