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Kvt, An excellent post, thanks. I would just add that sometimes a shell can adopt a new name as a fairly temporary measure, so we can't be sure how permanent the name "Acorn Growth" is going to be.

P.S. Thanks Polly and MUAS for your nice comments.

Thanks Polly. It comes over as a little cryptic, but reading between the lines I sense that the new directors are being lined up. The fallback has been a bit disappointing and frustrating, but with the right news last month's highs could be easily exceeded. At 13.125p this looks like a very attractive point to top-up. 'A watched pot never boils' though, so I think I will take a break from watching for a while!

Thanks FB. I note that the changes being reported today actually occurred on 1st. June. 10 Oct 2016 AP01 Appointment of Mr Idris Tariq Khan as a director on 1 June 2016 View PDF ( Appointment of Mr Idris Tariq Khan as a director on 1 June 2016 - link opens in a new window ) (2 pages) 10 Oct 2016 TM01 Termination of appointment of Franz Alexander Forrester as a director on 1 June 2016 View PDF ( Termination of appointment of Franz Alexander Forrester as a director on 1 June 2016 - link opens in a new window ) (1 page) https://beta.companieshouse.gov.uk/company/09935301/filing-history I would imagine that Intelicrypt Tactical Solutions Ltd will be the 'holding' company for the group being established, with subsidiaries beneath it, including GOS Systems. Looks like they've decided that Franz Forrester would be better as a director of one or more of these subsidiaries, rather than a main board director. This makes sense as the company expands given FF's focus on operations rather than corporate matters. Things are clearly progressing behind the scenes, which is encouraging.

Confounded, Those accounts are for TGL Services (UK) Ltd, a subsidiary company of the Touchstone Gold Group. They don't show the overall financial position of the group, but do show that this subsidiary has been lent money from elsewhere is the group, not from Ilyas Khan as falsely claimed by a troll on ADVFN.

Exciting stuff! Things are moving rapidly, and we could be looking at something quite enormous here. Polly and others, I am more positive than ever. P.S. Thanks Kvt - a fairly obvious thread title, but sometimes the obvious things are the best, and if this isn't a 'potential oak' then nothing is.

That remains to be seen Kvt. But ACO's chart looks to be developing a nice stepped rise formation, and the next step up could be imminent. Tomorrow is the last full trading day before the AGM, and from the AGM onwards I expect the path for ACO - or Acorn Growth as it will then be - to be much clearer. The recent Buy tip by Michael Walters is a huge endorsement, as he is a real connoisseur of shells. Indeed I believe that his book "How to Make a Killing from Penny Shares" has an entire chapter on the subject. And out of literally dozens of other shells he could potentially have tipped as a buy last week, but he has chosen ACO. For someone of his experience and nous to single out ACO in particular is a real testament to the potential here. It's also telling that he categorises ACO as low-risk: "Small Acorns 14/9/2016 A low-risk gamble." HTTP://www.michaelwalters.com/

Thanks for that feedback Campo. It seems pretty consistent with the feedback from SonsofGwalia a couple of months ago, as per this 29th. July post: "Received share certificates from Canada. Emailed the company on the 23rd July asking for shareholder updates . No reply so phoned Trevor Wells on 0203 301 9331 . We will be getting our new share certificates soon in Intelicrypt Tactical Solutions Ltd . He sounded positive and up beat about the companies future . They want to build GOS into something very substantial with critical mass before coming back to the market. Talked about GOS IMSI boxes technology. They have to be careful of competitors in the market place so could not say much more. After speaking to him I wish I could buy more" And with Touchstone's 19th. January circular: " ... NewCo will not be a reporting issuer in Canada and its shares will not be listed on any stock exchange or admitted for trading in any stock market although it is NewCo’s intention to seek a listing in the medium term, subject to, among other things, the development of the GOS Business and market conditions. ... Following the Distribution, it is intended for NewCo to be developed as a mid-market international homeland security group providing leading edge intelligence gathering and secure communications products, solutions and services tailored to meet the needs of law enforcement and security agencies around the world. The directors of NewCo intend to focus primarily on organic growth. The directors will, however, consider acquisitions and joint ventures as an alternative to, or alongside, organic growth where they view them to be value enhancing, and where they add required technical capability or provide access to new markets. …"

Thanks to DrRadcliffe on ADVFN for this info. "The gist of the Acorn piece is: Acorn Minerals is well in to the process of being transformed into an active business, its new name will be Acorn Growth, the new board will come from Peterhouse Corporate Finance who are the majority shareholders now. The subscription funds have been deposited with the company, and we should see a circular and prospectus after the annual meeting which lays out a strategy and roadmap for the new business."

Yes: traders do try to buy in just ahead of anticipated news, and the rise associated with it. But in any case, the prospectus and circular we are awaiting could be earlier than the AGM on 26th. September. A lot of people were caught out by ACO's 3 August RNS, "Further details will be provided in due course in a shareholder circular and in the prospectus." http://uk.advfn.com/stock-market/london/acorn-min-ACO/share-news/Acorn-Minerals-PLC-Subscription/72127033 I'm certainly expecting things to move quickly here, and there are compelling signs that a big deal will be unveiled in the short term.

"I've actually uncovered quite a bit of information that I will share once I have authenticated it. But it's beyond our wildest dreams to say the least." Thanks Polly ... sounds intriguing!! The buying support, and the fact that most of the rise has held, indicates that the story behind the scenes is good. Volumes of about 800,000 shares a day are fairly extraordinary, so you'd expect quieter periods between news (there are only so many shares that people can buy and sell), with a pick-up when news comes in. Post the AGM, we'll have to wait and see, but I suspect that things will move pretty quickly once the £2.5M. placing goes through and the existing directors resign. There could potentially be an 'interim' period while the new directors bring in an acquisition - we shall have to wait and see. But the s.p. could still perform strongly before an acquisition goes through: CHA (Concha) 40-bagged on a mooted acquisition only without ever actually completing it. P.S. I won't be posting every day, but I will when I feel that I have something to say.

�It was clear on Tuesday morning � There were also two �10K. buys on Tuesday.� Please note that I do of course mean Wednesday (yesterday) - Sorry! I can't believe that it's Thursday already ...

DocM, This is the trade concerned, which is shown by LSE as being a Buy. This supports the view that it was indeed a buy, especially as it was so large: "07-Sep-16 09:57:03 19.925 100,000 Buy* 18.75 20.00 19.93k O Trade Type: Ordinary" It was clear on Tuesday morning that there were a few sells that weren't having the impact on the s.p. that you would expect, which suggested that there was a large buy order being filled. When the trade was reported late it confirmed that. There was no way that you could have sold 100,000 at that point for about 20p (although if you could have done that in itself would have been mildly positive), or that the s.p. would have finished down only half a penny on the day (at 19.5p) if the buy-sell balance had been shifted so strongly to selling as you suggest. There were also two �10K. buys on Tuesday. In general buying is more significant than selling, because people sell for many reasons, but generally only buy because they believe that it's a good investment, and have thousands of shares to choose from. There is usually some profit-taking after a strong rise, which is why rises are often staggered, and that can create buying opportunities, as a 13.5-14p recently. So what is more significant: ACO raising �2.5M. at a 71% premium from large investors who know what's going on; or some moderate selling from retail investors who have know idea what's going on. Added to big buys in the market, which supports the view that behind the scenes activity is good. Follow the money!

Thanks for that research Polly. It certainly supports the view that ACO may be moving into property. Orion are ACO's fourth largest shareholder: "Orion Capital Partners Ltd 625,000 4.4%" "Orion Capital Managers Orion Capital Managers LLP ("Orion") is a European real estate investment firm. Orion's business is commercial real estate investment management on behalf of major investors from around the world. The firm is dedicated to consistently deliver performance to its investor partners. Orion is wholly owned by its Founding Partners and has offices in London, Madrid, Milan and Paris. Orion Capital Managers' local presence and experience in European markets creates a platform which responds rapidly to a broad range of transactions." http://www.orioncapitalmanagers.com/ I don't see why any major shareholder should vote against the resolutions: they don't usually in these type of situations, and they will probably have been discussed with them in advance. P.S. Welcome to LSE!

I doubt it. The indicated timetable for the fundraising is late September, and it won't be just a placing, but an open offer too, as with Adam Reynolds' CPT RTO recently. Incidentally, CPT hit 21p in early trading on Friday, compared to its placing and open offer price of 7.5p in July. Is this why some are currently trying to talk Big Sofa down? Because they're frustrated that they won't be able to participate in NEW's coming open offer offer, and the likley big immediate paper profit for those who do?

Kvt, You might be surprised just how many people are reading this. A general rule is that for every person posting, there are multiple people reading. Look at your own activity: you probably look at far more boards than you actually post on. And I certainly appreciate the postings of yourself and Tradesonaim, even if I don't always respond. P.S. Trades, maybe you should change your name to 'Tradesonaimandmain' ...

"This Week 31 August 2016 Revealed: Google’s plan for quantum computer supremacy The field of quantum computing is undergoing a rapid shake-up, and engineers at Google have quietly set out a plan to dominate By Jacob Aron SOMEWHERE in California, Google is building a device that will usher in a new era for computing. It’s a quantum computer, the largest ever made, designed to prove once and for all that machines exploiting exotic physics can outperform the world’s top supercomputers. And New Scientist has learned it could be ready sooner than anyone expected – perhaps even by the end of next year. ... " https://www.newscientist.com/article/mg23130894-000-revealed-googles-plan-for-quantum-computer-supremacy/

Kvt, Yes, the placing is conditional, and one of the conditions is the passing of GM resolutions, i.e. passing by existing ACO shareholders. (See the 3 August RNS.) The placing investors and the owners of the intended acquisition are probably different.

Suspension of trading isn't necessary if announcement of the RTO is accompanied by an admission document. EVRH & CPT for example recently followed this approach. This seems to be the approach that ACO are following. And the scheduled timetable suggests to me that the RTO will be completed by 30th. September if the timetable is met: "Completion is scheduled to take place on or before 30 September 2016 or such later date as the parties may agree. On completion the existing directors will resign and be replaced by directors nominated by the investors."

"TEN: 1.125p, market cap. £1.21M." Please note the above amendment, with apologies: first £ sign removed.