The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
Compulsory strike off... Not company strike off.
autocorrection was too fast
Good news, perhaps still a chance. Today the company strike off has been suspended
Broomtree, if you follow the link that I posted here on May 15, you will find a new PDF that mentions a two-month deadline.
AVO has been lying in a coffin since today and is waiting to be cremated on 21 July, unless a miracle happens before then and the BoD wakes up from its coma.
And again, nothing from the BoD.
Https://find-and-update.company-information.service.gov.uk/company/05564418/filing-history
Ac123, You are right; the term ‘confident’ has not been used so far. Unfortunately, it still isn’t a definitive commitment. I don’t have much faith in the Board of Directors, but I’m trying to see it as something positive. From now on, the information should be made directly available on the homepage or another social media platform. I only know that the remaining employees don’t really know any more than we do.
The non- distribution of the information seems to be a problem by LSE. See here:
https://www.londonstockexchange.com/news-article/market-news/cancellation-of-admission-to-trading-on-aim/16461054
Yes
But nothing on AVO's homepage about it.
Here is the answer
https://www.sharesmagazine.co.uk/news/market/LSE20240509070009_5175051/cancellation-of-admission-to-trading-on-aim
Anybody around there on 15th of May to join this "event?
Petitions to Wind Up (Companies)
In the High Court of Justice
No CR-2024-001904 of 2024
In the Matter of ADVANCED ONCOTHERAPY PLC
(Company Number 05564418)
and in the Matter of the Insolvency Act 1986
A Petition to wind up the above-named company of Advanced Oncotherapy PLC (Company Number 05564418) of 143 Harley Street, Ground Floor, London, England, W1G 6BH whose nature of business is other human health activities, presented on 28 March 2024 by SOFTCAT PLC, Solar House, Fieldhouse Lane, Marlow, Buckinghamshire, United Kingdom, SL7 1LW claiming to be a creditor of the Company, will be heard at The Business and Property Courts of England and Wales, The Rolls Building, 7 Rolls Buildings, Fetter Lane, London, EC4A 1NL on 15 May 2024 at 10:30 (or as soon thereafter as the Petition can be heard).
Any person intending to appear on the hearing of the Petition (whether to support or oppose it) must give notice of intention to do so to the Petitioner or to their Solicitor in accordance with Rule 7.14 by 16:00 hours on 14 May 2024.
The Petitioner's Legal Representative is Paul Abdey, Brachers LLP, Somerfield House, 59 London Road, Maidstone, Kent, ME16 8JH Telephone: 01622 690691, Email: paulabdey@brachers.co.uk (Reference number: 300/STA6120.7789)
Has anybody a X account or similar to continue the discussion in case that this chat will be closed too?
It appears that there’s a resurgence of activity at A.D.A.M., marking a significant development after a prolonged period of inactivity. Both Jonathan and Anna are working at A.D.A.M. This update, sourced from a March 2024 journal entry, has been recently highlighted on the AVO homepage in their newsroom section. To be optimistic that the upcoming RNS will provide us with comprehensive insights beyond the usual content replication.”
Could you provide a link to that information?
I hope so. But as long as we don't have further details about it, I will not open a bottle 🍾.
Does anyone know what is the status with the petition in UK?
ADAM has not been liquidated but has regained its normal status. This means that a financial solution was found at the last moment to avoid bankruptcy and cancellation.
Https://shab.ch/#!/search/publications/detail/4c9ae79b-8cc6-45f9-98db-b7c61dc9bbb5
@CuriousInvester6
Follow the link in my post to the shab...
@ac123
This is the central question, not so easy to answer. In my opinion, at least certain key persons with the right technical knowledge and overview of former ADAM would be necessary.
The proximity to CERN with its bunker facilities might be necessary. Whether a complete relocation to Daresbury is feasible would require analysis. However, to make a final judgment, these persons would need to be available.
Establishing a new company, ADAMx, would not be a problem in Switzerland. It could then start anew, debt-free. It wouldn't be the first company to do so.
But was the BoD far-sighted enough in the past, and are they capable of shouldering this?