Member Info for Jimbo_Jet

I asked the questions out of curiosity and I belived I asked them in a polite way. You can ask the same questions of me: Yes I am still invested. I have no contact with SNAK myself but through mutually shared acquaintances I came to learn about the SNAK story form someone I never personally met. I no longer have that contact.

Cookaburrow, what is your connection to SNAK? And please may I ask are you still invested?

It's moving now, just gone up to 12p I see. A very quiet morning tho considering the news.

SNAK is worth well more that 15p in my humble opinion. Boris alone think its worth a minimum of that with his buy in price and we were circa 20p during the last potential 'take over' earlier this year. They appear to have got their ducks in a row during the delisting: Boris makes the offer, offer is accepted, funds brought in to the country, Boris becomes majority shareholder, co-op refinancing agreed and now we relist. The most important things most people on this board have been waiting for have now happened. Boris will now being his experience, machines and contacts to SNAK. And that alone is worth minimum 15p all day long :) GLA let's see what today brings!

Page 15: CASH FLOW - Since March 2014 the company has raised £2.37m (gross) in the form of new ordinary shares issued to Versatel Company Limited. This investment will ensure that the company is in a position to meet its liabilities and complete the next stage of the rationalisation commenced in 2012. Our forecasts indicate a positive trading cashflow and a proportion of the new monies will enable us to invest in the asset base to enhance future cashflows.

Co-op refinancing and overdraft facility agreed! Page 5: In conjunction with the October subscription a new 3 year term loan and an overdraft facility have been agreed with the Co-Operative Bank plc. In summary £750k of the new subscription monies were applied to reducing the outstanding loan taking the outstanding amount to £2.05m whilst the overdraft facility was renewed at £750k. The new facility is subject to certain covenant tests and an annual review. Loan repayments over the next 12 months are set at £140,000.

15p was the value of the new shares Boris has acquired IIRC.

Thanks Sutch, was trying to find that on their website, will have a look now :)

:) Any predictions on share price? Will review the report tonight.

Further to its announcement of 28 October 2014, SnackTime announces that all conditions of the Subscription have been satisfied save for Admission and that application has been made to the London Stock Exchange for the New Ordinary Shares to be admitted to trading on AIM and the New Ordinary Shares have been allotted. As dealings in the Company's shares on AIM remain suspended, Admission is subject to publication of the Company's report and accounts for the year ended 31 March 2014. The Company expects that its audited accounts for the year ended 31 March 2014 will be published shortly and that dealings in the Company's shares will be restored and Admission will become effective soon thereafter. Defined terms used in this announcement have the same meaning as in the Company's announcement of 10 October 2014.

I'd like to know this too - I would have thought sometime this month but I would welcome everyone's thoughts. I had hoped we would hear by now but the last RNS stated: 'The Company expects that its audited accounts for the year ended 31 March 2014 will be published shortly and that dealings in the Company's shares will be restored soon thereafter.' So we're waiting on the audited accounts but with Boris now putting his hand in his pocket to the tune of £1.8m this might be holding the accounts up until that transaction is complete?

Yep, that's what I'm thinking too. Maybe Monday morning for relisting?

The Company announces that at its General Meeting held earlier today, the Resolution put to the meeting was passed by Independent Shareholders on a poll. Further to its announcement of 10 October 2014, the Company has agreed with Ian Forde and Michiel Slinkert, both Non-Executive Directors, that they will resign with effect from Admission. Trading in the Company's shares on AIM was suspended on 30 September 2014 as the Company was unable to publish its report and accounts for the year ended 31 March 2014 within six months of the year end as required by the AIM Rules. The Company expects that its audited accounts for the year ended 31 March 2014 will be published shortly and that dealings in the Company's shares will be restored soon thereafter. A further announcement will be made in due course. Defined terms used in this announcement have the same meaning as in the Company's announcement of 10 October 2014.

at 10am if I remember correctly. Assuming the resolution for the new shares is passed today the timetable in the document below states that the new shares will be admitted to AIM at 8am tomorrow morning. http://www.snacktime.com/documents/Snacktime-PLC-placing-circular-Oct14.pdf From this could one assume that we might relist tomorrow?

we might get another exciting RNS this evening like last week?

I too have been shares that have been suspended and I have learnt that you can't always expect the suspension to be for negative reasons.

as bored as I am waiting for some news?

KNIG, I think you and I are thinking along similar lines. I believe has put too much in to SNAK now and that SNAK and Borris weren't willing to let Drinksmaster go for a song as Borris would probably prefer to plug the financial gap than give it away cheaply. I maintain that the Editda was decent enough that it appears a corner has been turned.

Trv123 I respect you decision to sell but, just playing devils advocate to a moment, a falling/subdued share-price would assist someone wanting to take over a company and/or acquire shares? May I ask what particular piece of information finally convinced you to sell?

Nah...sorry guys, with respect to you all I hear what you're saying but I'm not selling. I realise I could live to regret it but I'm waiting this one out. It maybe that I need more experience in trading and accounts but at the moment I'm not joining the dots in the same way you are and I'm not seeing something that is screaming sell just yet. I've a total of 18% of my portfolio invested here, so not massive, and a 13p average so hopefully low enough to get out with something if I change my mind. So I'm sitting tight as I believe something is afoot with Borris.