Member Info for Lothbury

I think there will be substantial abortive professional fees that will need to be settled … I wouldn’t expect too much in the kitty.

Just remember, whatever the days notice : it has to be “clear” days … so add on 2 days for postage etc. 28 days = 30 days calculation.

Why 1 month (end of August)…? because they need clear 28 days to call an EGM; maybe 21 days (can’t recall what the Mem & Arts say)… so deduct 23 days from the 1st September and that means the Board has to call the EGM, latest, 6th September but I suspect it will be 31st August. The Board has to, as part of its Listing Obligations, keep shareholders informed and will have to inform Shareholders of the EGM or an extension of the Suspension.

If they wish to extend the 6 month Rule then they need to make an announcement at the end of this month.

The problem with the rail sector is that there is no investment and no money flowing to any rail company. Every rail car manufacturer in Europe is on his knees. But Petards aren’t, thankfully, solely reliant on the rail industry .. and when the rail industry picks up then PEG will be in a good position. Meanwhile they can concentrate on all their non-rail businesses.. once you’ve dipped your toe in the water and successfully done your first acquisition.. it’s so easy after that so I expect another acquisition in the not too distant future.

On the 25th May I replied to a writer… “Wait to see how the recent acquisition is progressing before judging.”. RNS and results show this to be a solid acquisition that is proving its worth. Earnings not solely reliant on the rail business. I expect another acquisition and when the much needed and overdue investment starts in the rail industry then Petards will be in a good position.

This is an interesting piece by Peel Hunt on the effects of the removal of tax relief on AIM companies. Hopefully, MoS will be mindful of this and find a solution as part of the deal……

We see material downside risk for AIM from removing IHT relief. Moreover, our forecasts show a net tax reduction to the Exchequer of £2.6bn, rising to £3.2bn. This is in marked contrast to the £1.1bn increase in tax suggested by the IFS. We do not recognise this number.

CGT rate rises would diminish risk appetite and tax take, with HMRC estimating a tax reduction of >£2bn from raising CGT rates 10%. The best way to increase CGT remittances is to revive the equity market: the OBR estimates each 1% market increase brings in £0.5bn.

Existential – in our view, the future of AIM as a functioning market is at stake. We trust that the Government and Treasury recognise the opportunity to accelerate growth and investment, rather than fatally undermine the market.

More working capital…!!!

Got it in one Citi…. Perhaps an RNS will be issued to clarify the financial position of the company? Their year end is June so a holding statement would be good at the start of August?

Exercise warrants doesn’t mean confidence : perhaps they need cash to pay for the huge professional fees????

At the end of August the Board have to either send out the EGM Notice for the deal or announce they need further time (that has to be agreed by the SE Listing Committee).

Suspension will only be requested after the EGM Resolutions have been passed by the current Members.

In an AIM (Alternative Investment Market) context, an AIM company's securities will be cancelled if they have been suspended from trading for six months. This is a standard rule on the AIM market, designed to protect investors and maintain market integrity according to the London Stock Exchange. If a company's securities are suspended and it fails to address the reasons for suspension within that six-month period, the securities will be cancelled. Perhaps the Board would like to issue an RNS clarifying the position as the EGM has to be called 28+ days prior to the 6 month expiration date (latest is the last week in August unless an extension has been granted).. in the meantime perhaps the Board will arrange a “Matched Bargain” Broker to be appointed so we have some marketability in the shares?

Apparently the 2.3p target comes from …” Weedavemac’s target of 2.3p is very reasonable..”. Where he/she gets that insight from I don’t know but I’m happy to sell my block to him/her @ 1.5p today. Anyone else want to persuade Weedavemac to buy at this discounted price now?

I find all this squabbling astounding when there isn’t any information recently issued. The problem lies in that certain ‘posters’ say “do your own research” and “the TG Group is buoyant” and “the share price will be X”. When asked to elucidate on these statements we get an array of abuse.. So, we can only go on published information including looking at subsidiary accounts and Gana web site as well as ready research. The problem is we know nothing about the track record of the Mexicans; who they are; what the have succeeded or failed at before. We know MoS track record… massive dilution; failed enterprises and a cash guzzler. So, rather than saying “do your own research”.. why not give us your take on why you are bullish about the future?

Sorry : PEG

No secret : look at PET.

Citi : I can’t talk for anyone else but as far as I am concerned : anything the Board does to bring back marketability in the shares (quote); make the shares highly liquid and pushes the sp through the roof (as you suggest it may do) will make me ecstatic.. but we can only go on past performance … NFT down the tube; massive dilution by issuing shares; seriously cash gobbling; paying huge cash sums for a company that still hasn’t made any significant t/o let alone profit.. the story goes on and on and on.. so, until they prove themselves at being able to manage a profitable soundly based business … “I’m afraid they are snake-oil salesmen”. Please prove us all wrong in our scepticism.

I can assure you RT003 that I do not have n account under my other name or alias. Please use this message as authority to ask the Administrator if I have any other name or alias or connection with my registered name; including but not limited to internet file etc. I know it’s very hard for you but try to make a reasoned discussion on this page rather than going off at a tangent decrying people and their probity.

Hi mojo Jo : not Cybernetics