Member Info for MassiveRay

Wasn't able to open it fully - are they in arbitration?

No, a listed company in the UK generally cannot delay publishing year-end financials just because of arbitration, unless under very limited and FCA-approved exceptions.

Aim if you think that then what's the point of holding? as suspension could take many many months.

Delay and suspencion? The results are not late that's a big statement to make

Bfd has been on fire lately :)

No, a listed company cannot generally delay their financial reporting due to ongoing arbitration proceedings. While arbitration can be a factor in some disputes, it doesn't automatically grant a company the right to postpone required financial disclosures. Listed companies have specific legal obligations to release financial information by set deadlines, regardless of any ongoing arbitration.

Here's why:

Listing Rules:

The Financial Conduct Authority (FCA) in the UK (and similar regulatory bodies elsewhere) has strict rules about when listed companies must publish their financial reports. These rules are designed to ensure transparency and protect investors by providing timely information.

It was just Arthur expressing his high earner knowledge

Pretty obvious now it's a typo...

Just for you Arthur. To put this not owning 66.67% to bed. Non - completion of semnet is impossible:)

"the sellers of Semnet Pte. Ltd. ("Semnet") as set out in the Sale and Purchase Agreement dated 5 December 2023, pursuant to which the Company acquired 66.67% of the issued share capital of Semnet (as announced on 6 December"

Obvious *

I know Billy. He can't work out the observe so I'm assisting him

Arthur you really show you worth don't you?

Would we really be going through arbitration if we not the legal owners ? Would it not be a full on court claim? Give your head a weee wobble

Non completion does exist

Like being severed with a non completion notice in certain transactions like buying a property. However, we are talking about a standard non compete clause in the acquisition contract.

If we haven't completed ownership dear Arthur why have we started arbitration to recover profits? Not out our money back and compensation? Lol

Perhaps put in mergers and acquisitions and not goods dear arthur...

Arthur it's non - compete...

Happy to place a bet lol

"The notice of arbitration has been sent in accordance with the provisions of the SPA and sets out that the Company considers that the Sellers have acted in breach of their non-complete undertakings owed to the Company, and also acted in breach of their express obligations owned to Semnet as employees, which if the arbitration is resolved in the Company's favour, is expected to result in a recovery of profits for Semnet."

Try reading Arthur and tell us if you think we have ownership.

There you go Aim...

I know you're worried a little but all will be OK.

No arthur..... get your brain in gear.

Let's rule out non - complete as a non starter

1. So it comes down to either they're making it up

And that is a huge risk to undermine the entire company.

2. Or it's a genuine non compete breach.

Option 2 much more likely.

We'll soon find out!