Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
I would guess some details will be released at AGM or shortly after it probably all done and dusted, those numbers in the special reservations were exact although it reads up to
A lot of numbers in the special business and special resolution
I have not
AJ Bell
Halifax
Hi clued I wonder how many long suffering long term holders are still out there I can remember a few names that have not posted for a long time and are are you ready for the new dawn?
I AM
I know a share reorganisation will probably happen, which I hate only because on paper your looking at hundred and not thousands and thousands and not millions
But in the bigger picture neither here, nor there
I believe it will take a couple of years, when the world is in a better place than it is now probably a little bit bumpy but what a difference for us all right from the start
By September, what a coup, I wonder what the share price will start at how quick it will rise and where we will be this time next year? if it come off.
Sorted’s unaudited management accounts for the year ended September 30, 2022 reveal that the company generated revenues in that year of £6.4m and a loss before tax of around £14.5m. At the same time Sorted had assets of £32.4m.
Location Sciences has clearly seen enough in the business and its numbers to want to buy it.
If the proposed acquisition proceeds, it’s intended that the existing subscribers, including shareholders of Sorted, will be given the opportunity to participate in a cash subscription for up to £5m of new shares in Location Sciences to seek to align their interests with those of existing Location Sciences shareholders.
The planned acquisition would constitute a reverse takeover under AIM rules and is subject to due diligence and satisfactory negotiations.
It’s hoped the deal for Sorted, which currently employs 96 full-time staff, will be finalised by September but the implications for other exciting tech companies will reverberate for a lot longer.
And with a time frame, I recollect you mentioned September in one of your posts DJP4976
I guess boohoo Hughes & co have hade they eye on this one for a while as sorted were burning cash, working out what need to be done to turn it around.
Sorted shareholder have a life line have this not the old location Sciences this is the reborn and could be massively successful.
I am hopeful this is the best investment I have ever made.
I would imagine it’s a fairly big ask and somewhat hard to swallow to sell a business for a pound but there’s always more to it than that, and it happens all the time.
I haven’t seen boohoo listed as a sorted customer, ASOS is on the list so if the deal go through you can add BOOHOO
A lot of ground work be done here just need a bit of the Midas touch from the likes of boohoo Hughes and Co
https://www.thebusinessdesk.com/northwest/news/2090236-sorted-expands-with-clicksit-aquisition-following-40m-funding-round
Misread that CEO still in place it was the founder who stepped back.
Getting over excited
With the announcement of the CEO stepping back news can’t be far away, wouldn’t it be great.2 then a stampede on the share price when its relisted
I need .65 to break even average down massively over the last few months from 2 pence been in this a looong time even bought at 3.5p when the SP took off way back when and I have never sold a share been waiting of this to happen
Sorted CEO stepping back Wilkinson will be moving to full time
Https://businesscloud.co.uk/news/delivery-platform-sorted-on-brink-of-being-sold/
Mine you the people that made those decisions have gone and this is different, sorted are in a position and LSAI could ask for they money back with profit
If it is lower I do hope it not stupidly lower like the last two funding
Buy more