RE: Timeframes10 Jun 2016 08:28
It's actually not as clear as that - I seem to remember the AIM rules slightly differ from what was in the RNS but the NOMADs run the show as they seem to decide where there is ambiguity how the companies can operate...
Anyway, the clock definitely does not start until the asset sale COMPLETES, that is, after EGM etc and the transaction takes place.
HOWEVER.!!! Text appearing in the latest RNS, that was NOT in the original RNS is:
"unless the Company acquires another sufficiently large asset prior to the divestment of Graphmada"
That is new text that was not in the boilerplate of the original sale RNS, and my contacts all seem to be indicating Stratmin has secured, or is very near to securing, a follow-on deal that should allow continued listing as an ordinary company, without an RTO or any other period of uncertainty. No-one knows for sure until the RNS comes out but this is what I think is looking likely, especially with the minor change to words in the RNS.