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If they cannot get a NOMAD before 29/02/16 then they know and accept things were very bad and hidden just as TW said. They ll have to prove otherwise.
Note also within the problem of Update on 9% Convertible Loan Notes the NAV was reduced by ration 3.94:1 By simple maths if NAV was 35p on a 3.94 to 1. new NAV would be 35 divided by 3.94 = 8.889p Twitter trio never told you that did they?
Looking at all previous RNS we could see a continual problem building: Update on 9% Convertible Loan Notes - Now this simply means Debt and though the companies previous NAV was about 35p it had to pay the debt somehow. Instead of the twitter crew giving a balanced approach and stating the 'Update on 9% Convertible Loan Notes' problem; they just zoomed in on the previous company NAV and ramped it up. GRIT have not necessary hidden anything and in fact came clean in solving the problem. The twitter trio should give both the NEGATIVE and positive aspect of companies to present a balanced approach.
True: I have no issues when anyone ramps a share up and it actually does go up, but those twitter trio that kept ramping up GRIT saying NAV should be nothing less than 35p was outrageous as it is not so now. If you ramp up and it goes up you should be thumbs up and if you say it is going down and it goes down thumbs up But it is financially ruining to act as a guru and fail; losing followers lots of money!
I agree with happybluedays, it's just the way AIM the casino is built. Upon all the sound companies available it is very possible the rat of a PTV can be ramped to 15p and decent traders and investors like us could be left sulking. A lot of gamblers are in already. Well if you cannot beat them join them.
As the BOD etc. recommend and back the de listing of the share from AIM, does anyone know the consequences of voting No?
lf the same nomad resigned from two other Chinese AIM Companies without giving any reason, then we fear is that they could do so again. Could there be hidden issues only known to the nomad that they are not telling? Why resign from two other Companies without giving any reason?