Member Info for Latino

Also on the charts, it’s broken the 34/35 resistance today plz dyor

MMs pulled this down and likely they needed to balance the books here. SP should be way higher with this many buys today afternoon. Buyers paying 45…bodes well for next week..!

Spot on, this is the best piece of news here for a while. If you listen to last AZ presentation this was the blocker to funding here.

This should at least give them sufficient funds till April / Easter now, allowing to secure remainder..

It looks like it’s coming together with this funding received with subscriber at £1.05/share. Cryptic comment it looks like remainder is also on its way no concerns raised ..bullish?

Further to recent updates the Company is pleased to announce that it has received the balance of £150,000 due from the subscriber in respect of the Third Admission of ordinary shares at a Subscription price of £1.05 as announced in May 2024.

James Short, Chief Executive Officer of Celadon, commented:

"We are grateful to the subscriber, and to our other shareholders, for their ongoing support.

As we approach year end, I would like to thank the Group's employees for their continued hard work to improve the quality of patient's lives through improving the yields on our harvests, furthering the Group's intellectual property development and remaining a key player in the UK's developing pharmaceutical cannabis market."

Chairman mislead investors already and now want to mislead FCA into allow delisting with no Transition Plan in place. FCA MUST protect shareholders by demanding the Transition Plan is executed before delisting, and that Shareholder exit opportunity is in place before delisting. Shareholders told it was temporary suspension so mislead. Chairman talks of a Transition Plan to allow shareholders exit but with no timeline - meaning after delisting in 3 weeks they can walk into sunset and forget shareholders…FCA must act and protect the integrity of the stock market!

RNS extract: ‘To facilitate the changes summarised above and to prepare for the future, the Company has agreed a plan (the "Transition Plan") the objectives of which are:

· To engage a new Chief Executive Officer who will lead the business and the preparation of a new business plan; the Company has already identified a highly suitable individual for this role;

· To raise additional capital with the support of the controlling shareholder, in line with the new business plan and its working and growth capital requirements;

· To find an exit opportunity for shareholders in the Company who may not wish to remain shareholders in the Company following the Delisting; and

· To explore further opportunities and solutions to support the business, taking into account the medium and longer term potential of the Company.

There are no guarantees in relation to the elements of the Transition Plan; in particular, the timing and identity of the Company's new Chief Executive Officer, the amount and nature of additional capital to be raised, the future working and growth capital requirements of the Company, and the nature and timing of the exit opportunity for shareholders in the Company who may not wish to remain shareholders in the Company following the Delisting.’

Just!

Looking good..

FCA need to get a grip and suspend guys like Albert Ganyushin / AZ as CEO to all AIM/LSE listed companies pending investigation. They are making a mockery of LSE / FCA. This is a full LSE listed company and this type of conduct MUST be investigated.

Continuously misleading investors, here firstly with ‘imminent’ funding promises, then ‘Temporary Suspension’ which now becomes permanent, then of CEO appointment (never appointed), results by 31st Oct also never arrived and now abusing the LSE rules to delist the shares whilst suspended to brush everything under the carpet.

Have wrote numerous time to Albert since suspension now on progress..received ZERO response. You fear SYME will be next.

Can’t believe this RNS…it’s a shocker! Here we were all thinking JV after previous RNS. Just shows how risky shares are sometimes…nothing guaranteed and the unexpected can hit you at any time!

27 being smashed!

Sharehodlers have been misled and deceived by the Chairman over many RNSs now. Constant claims of funding imminent and then suspension, followed by further claims of funding that never arrived - even today’s RNS where they are claiming funding is still imminent however have the audacity to decide on delisting (whilst suspended). It is unfair that shareholders have zero voting rights when shares are suspended, when the company has been acting dishonestly and inappropriately for some time now. FCA should investigate and request AZ / company come clean on its funding commitments.

June RNS extract: ‘…The Company intends to apply to the FCA for a restoration of its listing following receipt of $2.5m in funding and publication, expected to be on or shortly before 31 October 2024, of the Company's annual report and accounts for the period ending 30 June 2024.

In its update to the market on 14 June 2024 the Company announced that Mr Zamboni had told the Company that there would be a delay in the Company receiving US$1.5m which, subject to final approval and execution of completion documentation and activities, it will receive under phase 1 of the settlement process announced on 16 May. Mr Zamboni has today represented to the Company that the funds will be received by the Company imminently, although as at the time of this announcement the funds have not yet been received by the Company.

In addition, following the Company's announcement on 31 May of the resignation of its then CEO and the identification of a potential new CEO, the Company is in advanced talks with a new CEO which will be concluded once funding of $1.5m has been received by the Company..’

5m after close at 0.39 which is some 30% premium to SP close…hefty other buys into close so big buying going on…but somehow MMs keeping a lid on this all day!

Has to be a leak of a deal…dyor

‘Some’ well we all know why these fell of the cliff…funding so possible breakthrough in this area is likely!

Smart money moving in now!

Possible Leak?

Don’t understand why they want to delist, when funding has resumed from AZ…also why take this decision when new CEO yet to arrive???

In addition, the Directors announce that they have received confirmation from The AvantGarde Group S.p.A. ("TAG") that TAG had instructed the transfer to the Company of £332,796.02 in funds by way of temporary funding.

The Company continues to rely on RegTech Open Project S.r.l. ("RegTech Italy") and on TAG, in relation to both of which Mr Zamboni is the ultimate beneficial owner, for funding. Mr Zamboni has made representations to the Company that further funding will be received imminently by the Company.

In all the circumstances, as part of the Company's cost reduction and liability management plan and review of its longer term strategy and direction, including the Company's intention to become a private limited company, and taking account of the factors identified above, the Directors concluded that the Delisting is in the best interests of the Company, its creditors and its shareholders as a whole. Accordingly, the Board has resolved to effect the Delisting with the intention of converting the Company into a private limited company and to take the other steps summarised in this announcement.

Mind the rocket!

By that time you are likely be paying heavy premium..but GL!