Member Info for harv99

Loft the Asset Match info is merely the last traded price and market cap before Dev got suspended. As Bag has pointed out we will be lucky to get half a pence if and when we can trade again. CJ is a fraudster so will ignore any pressure, he is just spinning this out as long as possible while he takes his huge salary year after year.

Spks I was trying to be helpful not patronising. Go figure it yourself

This just gets worse and worse. On companies house it details Aggarwal gone, Veative no more and a new director Scott Ashby. Anyone heard of him? This is looking increasingly like a zero.

No spks, I don't know how to make this any simpler. You already have shares in the new company (your Dev shares will become Veative shares). When Veative shares start trading on asset match you will be able to trade them and the new Veative shareholders that bought shares under the current recapitisation will be able to trade theirs (they are all the same shares). We don't expect the new Veative shares will trade for much.

Spks, I don't think you understand how new share issues work. They have the same standing (known as "par passu") as existing shares so your Dev shares are exactly the same as the new share issue. So you don't get new shares as you already have them. The problem is the dilution effect that the new shares result in, which means each share (both the old Dev and the new shares) are worth a fraction of their previous value.

Yes, I notice Assetmatch have removed Veative from it's list of companies it is dealing with and added a note that trading is suspended whilst Veative carry out fundraising. The new investor section on the Veative website has similar information.

On the asset match website for Veative there are no buy or sell orders listed. With no-one wanting to buy or sell there will not be an auction tomorrow when the current auction ends.

@randy. There is no trading for Veative (Dev) at the moment on assetmatch even though they list it on their site. Apparently they are waiting for Veative to sort out funding which might take a while (and dilute existing sharesholders considerably).

I don't think you need to transfer them to a certificate yet as at the moment you cannot sell them. Once asset match start auctions in Dev and you want to sell then you should move them to a certificate and register with one of the brokers that deal on asset match. As others have posted on here, I don't think Dev shares will be worth much.

Yes I have mentally written off my remaining DEV holding but still interested in seeing what prices Assetmatch will fetch. I don't expect it to be much if anything at all.

iWeb moved my Dev holding from my ISA to my ordinary share account, where I can see them listed.

No buyers or sellers listed yet. I expected some sellers maybe they have not got their certificates sorted yet.

I see Asset Match have listed the first auction, listed under Veative, closing date 29/3/23

You cannot sell the shares at the present time, the matched bargain system has not started.
There are a number of posts below setting out the brokers who are likely to be participating in the matched bargain process when it starts.
There is no information yet when the rebrand to Veative will take place.

iWeb normally pay their divi’s to accounts one day after payment day

What’s the connection with DEV?

I posted several times over the last 3 years or so, advising people to get out ( at 3p, 2p, 1.6p and 1p) but all I got was abuse from these rampers (you know who you are). I just hope some of you heeded my warnings and salvaged something.

Me too Rumfuddle, I got foul mouthed abuse when I recommended selling at 4p, again at 2p and again when it dropped below 1p.

I told you so

Being a former shareholder I review my sales to check if I should buy back in. I have done this quite successfully with other holdings (DEV, DX, BIRD). I sold my holdings some time back at 8p and reviewed the company at various points and posted my findings over the years. I looked hard when the sp had dropped to 4p (my original buy price) but thought the facebook linked oculus news at that time was unlikely to come to much and advised a sell. I have checked again at 2p, and 1.65p at which point I continued to advise people to get out. Now we have dropped below 1p I have had another look. Clearly much is hanging on the new platform and new senior managers appears hopeful. However I still can't get away from the fact this is losing millions every year and in a very competitive area of the market I still feel the same - this will end up a zero. I notice some of the previous rampers have disappeared as their promises of progress have also disappeared. I continue to advise get out while there is still something left.