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Daylight robbery. How those guys can run something so badly it’s an impressive level of buffonness!!!!!
I lost a painful amount but I know others who lost pension pots !!!!
Snakes !!!
Can not help thinking there must be something worth waiting on now we are funding again .......
Looks like we are going for more funding and shares. Hopefully Woodford concentrating on this as one ,as his project to make portfolio performance improve .
Still no news ? Is this the end
Have you heard any news ???
Looks like final run no press releases no agm meetings no feedback on anything come on RM2 someone must still be at the office . Let your share holders know som information
Not a peep from rm2 nothing since jan I think it’s finally here . Please if any one knows where to send the flowers too...
It would seam so but not in huge quantities. Should be. Due financial statement soon .......
Maybe huge contract to fedex and we will an have a 20 bagger by the end of financial year .........
Very very quite on Twitter and RM2 website. Although still hiring staff.......
SA
23 November 2018
23 November 2018
RM2 International S.A.
("RM2" or the "Company")
Share Capital Restructuring, Placing and Notice of EGM
RM2 today announces a restructuring of its share capital (including a 200:1 Share Consolidation) and a conditional Placing of 12,335,162 new Ordinary Shares following such Restructuring at a Placing Price of 105 pence each to raise US$16,837,500 million before expenses
A circular including a Notice of General Meeting will be posted to Shareholders (the "Circular") on Monday, November 26, 2018 to convene the necessary general meeting of the Company (the "General Meeting") to approve the Resolutions to effect the Restructuring and authorize the Placing. The General Meeting is to be held at 5 Rue de la Chapelle, Luxembourg, L-1325, Luxembourg at 10.30 a.m. GMT / 11.30 a.m. CET on 11 December 2018.
A copy of the Circular and Notice of General Meeting will also be available to view on the Company's website www.rm2.com.
Original Investors holding in aggregate more than two-thirds of the existing voting rights of the Company have undertaken to, or have indicated their intention to, vote in favour of the Resolutions. Accordingly, it is anticipated that the Resolutions will be approved at the General Meeting and therefore the Restructuring and Placing will proceed.
An extract of selected parts of the Circular is copied out below along with an indicative timetable of principal events related to the Restructuring and Placing. The definitions that apply throughout this announcement can be found at the end of this announcement.
For further information:
RM2 International S.A.
+44 (0)20 7638 9571
Kevin Mazula, Chief Executive Officer
Jean-Francois Blouvac, Chief Financial Officer
Strand Hanson Limited (Nominated & Financial Adviser and Broker)
+44 (0)20 7409 3494
James Spinney / Ritchie Balmer / James Bellman
The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 ("MAR").
Notes to Editors
RM2 International S.A. specialises in smart pallet development, manufacture, supply and management to establish a leading presence in global pallet supply and improve the supply chain of manufacturing and distribution businesses through the effective and efficient use and management of composite pallets. It is quoted on the AIM market of the London Stock Exchange under the symbol RM2.L. For further information, please visit www.rm2.com
Dear Shareholder,
Restructuring of share capital (including 200:1 Share Consolidation) and conditional Placing of 12,335,162 new Ordinary Shares following such Restructuring at a Placing Price of 105 pence each to raise US$16,837,500 before expenses
Introduction
Your Board announced on 29 March 2018 that the Company had conditionally raised US$36 million (before fees and expenses) by way
Possible contract announcements??? With Fortune 500 company as mentioned in last press release?
Sadly was just as error on this site There was me ready to sell
Lse shows 46.5pence a share ?? Pleaselet this be correct
https://walbrockresearch.com/rm-2-international-is-a-survivor/
I’m in let’s see this move up It’s been a while in the pipeline. Only the brave ?
International S.A. ("RM2" or the "Company"), the sustainable pallet innovator, provides the following update on its financial position. The Company announced on 19 January 2018 that it estimated its cash balance at the end of January 2018 would be approximately $2.0 million and that it would have sufficient cash to continue operating through the third week of February 2018. The Company is now pleased to report that, based on the information known to it today, as a result of collection of receipts from debtors as well as continued careful cash management and cost reduction measures, the Company has sufficient cash to continue operating through the first third of the month of March, although this could vary depending upon the outcome of ongoing discussions with third parties, including manufacturing partners and alternative sources of financing. The Company remains committed to further reducing its overheads and continues its efforts to monetize certain non‐core assets where possible. Trials of the Company's ELIoT smart pallet continue to elicit positive feedback from customers. RM2's active pallet tracking system has demonstrated to customers how they can rapidly increase supply chain efficiencies. Pallet losses are reduced through the swift identification of pallets that have exited their authorized supply chain locations. This has enabled customers to quickly recover those pallets. Equally importantly, active pallet tracking has enabled customers to identify the root cause of pallet leakage and thereby eliminate further losses. The Company continues its discussions with potential funding partners, strategic investors and customers in order to progress the business. The Company continues to take appropriate advice as it explores the financial and strategic alternatives available to it. The Company will provide further updates as and when appropriate.
Maybe all are busy spending the money as fast as possible!!!
So we enter the 3rd week of February. Nothing on rm2 twitter or the website. So I’m assuming it’s not the best news to come seams very late in the day to pull it out the bag . Thoughts?
Hopefully everyone is so busy sorting me PO that they have forgotten to update social media!!!! Will be painful if they fold