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https://aaacap.com/wp-content/uploads/Announcement-re-liquidity-for-shareholders-31-1-22.pdf
Hi everyone, I just got this email through from MESH, looks like the cogs are finally turning..... fingers crossed for all parties!
3 August 2020
MESH Holdings PLC
(“MESH” or “the Company”)
Settlement Agreement with Asimilar Plc (“ASLR”)
regarding Sentiance N.V. (“Sentiance”)
MESH is pleased to confirm that, following the announcement on 14 July 2020, it has reached a definitive settlement agreement with ASLR regarding their Subscription and Acquisition Option rights in Sentiance.
In order to ensure the best long-term outcome for all stakeholders, including being able to effectively capitalise in the near term on the rapidly growing business momentum of Sentiance, the various parties have agreed that MESH will solely be implementing and executing the Sentiance transaction arrangements.
Under the Settlement Agreement, ASLR no longer holds any rights with regards to (i) 20,000 ordinary Sentiance Subscription Shares and or (ii) the Acquisition Option pertaining to 32,225 existing ordinary Sentiance shares. In return, MESH will compensate ASLR through the issue of 24 million new ordinary MESH shares as part of a full and final settlement. The Company will allot these shares to ASLR shortly after the completion of the MESH General Meeting on 20 August 2020.
3 August 2020
MESH Holdings PLC
(“MESH” or “the Company”)
Settlement Agreement with Asimilar Plc (“ASLR”)
regarding Sentiance N.V. (“Sentiance”)
MESH is pleased to confirm that, following the announcement on 14 July 2020, it has reached a definitive settlement agreement with ASLR regarding their Subscription and Acquisition Option rights in Sentiance.
In order to ensure the best long-term outcome for all stakeholders, including being able to effectively capitalise in the near term on the rapidly growing business momentum of Sentiance, the various parties have agreed that MESH will solely be implementing and executing the Sentiance transaction arrangements.
Under the Settlement Agreement, ASLR no longer holds any rights with regards to (i) 20,000 ordinary Sentiance Subscription Shares and or (ii) the Acquisition Option pertaining to 32,225 existing ordinary Sentiance shares. In return, MESH will compensate ASLR through the issue of 24 million new ordinary MESH shares as part of a full and final settlement. The Company will allot these shares to ASLR shortly after the completion of the MESH General Meeting on 20 August 2020.
Thanks to Solarno Lopez from ADVFN for pointing this RNS out this morning! Good start to the day!!!
If you’ve not been there, check out the chats on here and ADVFN for MESH and ASLR. Skittish there has provided some very good findings too!!!
Great news!!! So I’d pretty much accepted a complete loss on this investment until recently. Check out today’s RNS by MESH.
100% acquisition of Sentiance and ASLR agreement combined into MESH going forward, announced by August 10th.
This has potential like a Phoenix from the ashes....
https://www.meshholdings.net/wp-content/uploads/20200714-MESH-Offer-for-Sentiance.pdf
Here’s a link to the financial results from Companies House. It’s an interesting read, plenty of positivity in there, and I’d say I’m partially optimistic, not that we have the choice, of course! We wait still....
https://s3.eu-west-2.amazonaws.com/document-api-images-live.ch.gov.uk/docs/ggGWmntJPEFcwgkVbLuneUp9nHElKX8g9apCNN2P_Hc/application-pdf?X-Amz-Algorithm=AWS4-HMAC-SHA256&X-Amz-Content-Sha256=UNSIGNED-PAYLOAD&X-Amz-Credential=ASIAWRGBDBV3F4HKY6NW%2F20200709%2Feu-west-2%2Fs3%2Faws4_request&X-Amz-Date=20200709T111535Z&X-Amz-Expires=60&X-Amz-Security-Token=IQoJb3JpZ2luX2VjEGgaCWV1LXdlc3QtMiJHMEUCIQDgS5zp%2BGNuu4PykH6v%2FzRIM5I%2BP2W2Jq3ljceqzabMhAIgFbarKZwzxBcVqwSydnElVaKu4VZIlWLBDCkHbaqm3s0qtAMIERACGgw0NDkyMjkwMzI4MjIiDDnqWC%2BRrk0qMILJIiqRAwIrpXrTuRA7ZY91ZBF6LHPfuDOxxqehHVtdMACVgUeDxA3083NS0A50gNC6vtMMC87d5ANCHNItkICuQF8m%2BmSvH%2BZminJUcf8uLjP65dVV6dJ21RfcZbwec%2BLEntcqDfxDHW13%2FgLGiupBvPPSlq3ao%2FNbugCmB91XOg4B1gb6rKRbDzsmCeWvlYX0wyjN2eAKS2X9VUP%2BjzUeABLcMm5aVsj2ccUG%2FPQiF2uHdlL%2FpioaaNzRYfUS6HSnlzOXIkFxxzAltcVPUft60oLNZkEQFO4shmOdSHYHRxZ%2BMAU8sOC3e9SSfEi3%2FjbaDflzrIVX0BVPI0nPoxzYc9JBL0H%2FM%2FulWuKiaHmTyLvS%2FmB%2FZtKayC96JZ2ixyYEoPqBAFWqXdCrCw4iOLKApYl5W2kWXJyBq3T5UJP978opLnJ4LoOZ%2BxsU0CVQLg50ct3RwdcjS4%2FXtp01Vps5aLO1sUHdpOqDqr1yPgWgAxwtLWL4yR2bf8yfreX9YezVbovK4huS7UXmmk2UJg9t26RGgzrAMLiWm%2FgFOusB6P6vqlUXPByC9u6LAe34jyE2BBjgxpHK5RUQq66Ofvbn0bay4%2Bpzb0vme9YvndooNAbdylKvZhOKzgFM1SwIXqZfksP2FD02cEVYp5NcZp1tRWTmL%2FQdgI3TUFyi%2F8gD2l4x0xwy3RJXw4IyUB9Pwt0oBEZvdw6dLO%2BeWOs3Gfj0MgGT988sKxqlygXl9S8mGYax%2BKIcwxWzX3RHS1F%2FgjUVmo60sYGoQ9Y%2Bxw%2FGE5m%2FsFWyqh4oFsIup8B1jRxfoy1xMzQihO%2BEiFYhML6f%2BhLg5Rd4fUW2%2BqviKDF%2FoSNT0tOegEv%2Fso4jFw%3D%3D&X-Amz-SignedHeaders=host&X-Amz-Signature=b6bf7fd56aa707b7706c37106705218f6c93a8902030d91369df443531460fd8
I got this email from Mike Power early this morning, after emailing him last night.
I’m impressed with the reply, and I can but hold on and hope that it comes good.
Fingers still crossed. Been here since Mercom.
“ Dear Chris,
Thank you for your continued support of MESH Holdings plc.
Like almost every other business, we've had to contend with COVID which has slowed us down significantly. That said, we have remained focused and we are very excited by the initiatives we are planning with our core holding, Sentiance NV.
As you know Sentiance is a leading edge AI company with some very significant global clients. Our AIM is to expand the Sentiance business to embrace a Consumer-to-business (C2B) model. We are working with some global partners (well known major technology firms) and investors to close a deal between MESH, Sentiance and some partner firms which will deliver a transformative outcome for MESH shareholders. I expect to be able to announce the closing of this deal in the next several weeks.
Lastly, I'd like to let you know that I have been a part of this story for over 2 years now. I have considerable ‘skin in the game’ and I’m committed to delivering this outcome along with some liquidity to MESH shareholders. I’m very excited by the progress we have made and I’m confident that a breakthrough is imminent.
Regards,
Mike Power
Chairman”
I'm getting instant sell quotes for over �35k...... they want the shares.... they're not having mine!!! Feeling happy about times ahead!
The start of a new era..... although likewise, I sold out a third of my holdings to put elsewhere when it was down towards 0.8..... oh well - it's definitely an absolutely cracking long term vision here! Way, way undervalued.
It certainly makes things a lot brighter - and I'll certainly enjoy it even more when PERE gets over this hurdle!!! Keep the sunnies on and here's to a good summer!!!
It wouldn't work for me on the mobile site but is fine if you switch to desktop.... http://www.lse.co.uk/ShareChat.asp?ShareTicker=PERE&share=pembridge_res
I'm definitely here for the warrants, and at a price which would be sensible to exercise them - I'm very happy sitting and holding these! Time for a chill and hopefully look back with a smile at these prices from a distance way ahead...
Good luck all holders - I'm feeling rather optimistic about MCC - even though I would have loved to have seen this at 3.5p!!! An average of 17p ish, is still looking quite healthy! Thanks to Screech777, for the tip from wherever I read it back then!!! I might have to be the first to buy you a beer..... and ask you where we go next!!! :o)