Lack of information16 Mar 2021 23:46
Would have been nice if Arthur could have let us know before hand that the suspension was going to happen. Pretty sure he must have known a few days ago.
After this rns he posted
The United Kingdom's Financial Conduct Authority ("FCA") has confirmed to COPL that, although the completion of the acquisition of Atomic will be regarded as a reverse takeover for the purposes of the Listing Rules, no suspension of trading in its common shares will be required until such time as the acquisition becomes unconditional ie completion. Further, no suspension will be necessary at all if COPL can file an approved prospectus with the FCA by such time reflecting the acquisition.
Having only recently filed an approved prospectus with the FCA and having already produced a current competent person report on Atomic's assets, the Company does not anticipate having any trouble filing an approved prospectus reflecting the acquisition of Atomic prior to or concurrent with the completion of the acquisition and therefore no suspension should be necessary.
Feel like the wool has been pulled over our eyes a bit.
Got this feeling we may all have just been stitched up