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"I see no reason to panic, PJ can retain his role as Chairman and that of CEO of TWL, I see no conflict of interest" There is plenty of reason to panic. PJ is also CEO of MDC. A CEO is not merely a title it is actual position of authority and control within a company. If PJ is now the CEO of TWL then he is the CEO of two companies. Where does is real interests lie?
"Time will tell, at least forgetting to file audits at Company House, however incompetent is not the same as the 'product' failing and being the cause of suspension." The two may well be connected. The first being used to mask the other.
PJ is also CEO/Chairman of MDC so it is news of a material nature for which an RNS has to be released. Also both companies are competing in the same arena. If he has resigned from this company without even the decency to let shareholders know it will be a new low in this history of this already discredited company and a new low for the AIM.
"Just want to see Intabet launched and earning revenue!" I sense desperation and quite rightly so. It would be nice if this company came back from suspension but do not bank on it. To me it seems they have chosen or used the perfect opportunity to exist from the stage before the emperor is exposed as wearing no clothes. Just my views.
"Guys, As I stated a few posts ago until a date or confirmation of the audit, which as we all know is the cause of the suspension, there is nothing that can be reported or added until that time.." NOT TRUE RNS Number : 6160D Media Corporation PLC 30 April 2013 "The Company will publish the annual accounts as soon as practicable and will also continue to make announcements as and when there are any developments that require notification under the AIM Rules."
Looks like its not only the championship and lower leagues that are finished!!
"The Board has concluded that the current activities of the Company are insufficiently large to take full advantage of the Company's AIM quotation. One of these negotiations has now reached an advanced stage and we would hope to announce something shortly" If that doesn't sound like a warning of an intention to cancel the listing than I don't know what is.
"Intabet and GM will have the correct marketing throught the summer.." Pushed from the spring (April) to the summer now eh!
They would be stupid to announce a £1m contract during the suspension because nobody would be able to buy the shares on such excellent news. But then again I wouldn't put it passed them. Shareholders need to here good contract news on the day of suspension.
It is never a blessing when you're funds are locked up in a suspension. Even if it was your intention to hold long-term 3 - 5 years anything can happen in life where you did your cash immediately. This is bad news irrespective of what they report later.
You're on the wrong thread
This share is illiquid and should be flying on all the recent news yet it is not. This could be due to the pending funding (assuming they still need one). But I think the real cause is the release of non-regulated RNS's. Anybody who has this stock on thier monitor would not be aware of any of these contracts. This issue has to be addressed by the company.
There is no lesson to learn here. What are the tell tale signs shares are going to be cancelled through corporate inactivity.Shareholders were led to believe the deadline had just been missed. Now over a month later there is still no update on how the company is progressing at Lehovo. It is an absolute disgrace that shareholders have absolutely no idea when or if their money is ever going to be released.
Whatever happens the shares cannot relist without shareholder approval at an EGM. So any relist is a minimum of 14 days away. That we are at this stage six months later with the CEO having resigned before the deal went through is an absolute disgrace. Do not take any delist lying down.
If there is no RNS tomorrow we are finished because we miss the 14 day EGM window to 10 June 2011.
The 10th June 2011 is the deadline by which they must have made an aquisition or the shares will be delisted. However the company also announced any acquisition constituted a reverse takeover and would require shareholder approval. Therefore there would have to be a vote on the acquisition before it's agreed. A minimum of 14 days notice has to be given for an EGM. Hence the real deadline for sharehoders is the 23rd May 2011. If there is no EGM by that date then the 10th June 2011 delisting will be a mere formality. In essence shareholders have two weeks left to hear something or its all over.