Does anyone know anything about ITS?12 Apr 2023 17:10
From the website... the company sold its business, is dividing proceeds and will be delisted once completed. Madness to buy IMO, DYOR!!
"Since Monday 27 March 2023, the Company has been an AIM Rule 15 cash shell with no operating business. As an AIM Rule 15 cash shell the Company is required to make an acquisition or acquisitions constituting a reverse takeover under AIM Rule 14 on or before the date falling six months from becoming a cash shell or be re-admitted to trading on AIM as an investing company under the AIM Rules (which requires the raising of at least £6 million) failing which, the Company’s ordinary shares would then be suspended from trading on AIM pursuant to AIM Rule 40.
The Company does not intend to enter into a rule 14 transaction. Instead, the Company intends, as soon as practicable, to implement a members voluntary liquidation (“MVL”) of the Company in order to distribute the net proceeds of the sale of the operating business. The Company’s Ordinary Shares will be suspended from trading on AIM six months after Completion (being 27 September 2023), pursuant to Rule 40 of the AIM Rules, if the MVL has not been concluded by that date.
The Company is incorporated in the UK and its main country of operation is the UK."