Ben Richardson, CEO at SulNOx, confident they can cost-effectively decarbonise commercial shipping. Watch the video here.
Ooops. Sorry, my mistake.
Toronto SE IS on the list.
Canada
Date of recognition
The date of recognition for jurisdiction in Canada is 22 October 1970.
Recognised stock exchanges
The recognised stock exchanges in Canada are the:
Toronto Stock Exchange
Montreal Stock Exchange
Toronto Venture Exchange (TSX Venture Exchange)
Canadian Securities Exchange (previously know as the Canadian National Stock Exchange)
Any Canadian stock exchange designated as a Designated Stock Exchange for the purpose of the Canadian Income Tax Act is a recognised stock exchange for UK tax purposes.
I'm getting a bit concerned about the UK ISA status of COPL shares. From reading the HMRC guidance on what qualifies as a 'share that are traded on a recognised exchange', the position isn't clear-cut. The Canadian Stock Exchange is NOT in the list of recognised stock exchanges that HMRC has published (https://www.gov.uk/government/publications/recognised-stock-exchanges-section-48a-finance-act-2005, plus a supplemental table).
The guidance DOES acknowledge that a stock exchange might still qualify if it's not on the list, but that's not guaranteed, and based on my reading of the rules, requires us to make contact with HMRC. I've contacted my broker (AJBell) to try to get them to sort this out but not heard back from them yet.
This is the relevant bit of the page:
Stock exchanges recognised by HMRC
The term is often used in the phrase ‘listed on a recognised stock exchange’ or in similar or related expressions. Follow the links below to find tables that include the markets which meet the HMRC definition of ‘listed’ as set out in paragraph 7 below. While HMRC tries to maintain an up to date list this is not always possible because markets frequently rename, re-structure or merge. It is possible that you may identify stock exchanges within the law of a named jurisdiction (table 2) which we have not yet identified, but which would meet recognised stock exchange status. Equally you may identify a market of a recognised stock exchange where we have not given an opinion as to whether it meets the HMRC definition of listed. If you meet either of these situations contact HMRC details.
Many of those sells will be people/institutions that have been given shares at 0.32p in exchange for stumping up the capital in the last 2 share issues.
Their investment strategy might be very different from ours - they’ve already made about 20% on their investment, and they want to take the money and run.
Got a sneaky suspicion that trading ain’t going to be suspended for long. Wouldn’t bet against there being a prospectus already done and ready to go, then another RNS tomorrow morning saying trading no longer suspended LOL.
The issue yesterday has done the existing owner a big favour - it should damp the SP down in the last few days before completion, and this net him more shares for his 4 mil.
A secondary motive for the issue, perhaps?
I’m not going to get too upset at only doubling or tripling my money instead of getting a x10 bag.
I don’t think the dilution is a killer - the Atomic deal is a step changer in company value. Anything that is necessary to get it over the line is ok in my book.
well, that's fair enough up to a point. However, he's just issued a huge dilution and the share price is recovering to not far south of where it was yesterday. Maybe it will bag a bit less than we hoped, but it's still looking like a multibag in my humble.