Member Info for micru

Does anyone know what it means when the pre-market spread on here is showing the way it is? Right now the ask is 3p, bid is 1p. Once the market opens it goes back to normal. Where are the numbers coming from?

Another variation on best case:
Rukwa near sale

If this is not some joke that went over my head,

best case:

Rukwa Now Sold

worst case:
Ruined, Not Saveable

This would also add an additional explanation for the delay on any announcements. Perhaps IS is thinking - get the drilling contracts in place, but then get someone else in who can see it through to success, and then has the chops to lead the company to maturity. Assuming, of course, there are the right people available. If IS could reasonably distance himself from the first failure, watching DM fail for the second time on land that's just seeping with helium will now be on him more so than on DM.

IMO, the man is on his way out regardless. If the ambition really is to develop this company into a major market player, why would you possibly take on a non-executive appointment elsewhere? Shouldn't your focus 100% be on this venture and this venture alone? Is the company really in a place where you can put your feet up, coast, and take on additional appointments?

>people responsible should be held accountable by the FCA

I'm actually so surprised there has not been any pushback or whistle-blowers coming out of this whole situation. Is the NHS really happy with that outcome? Whose pockets got filled real deep to make it that way?

Gaddes, I believe you are wrong.

If an offer has to be made under Rule 9 of the Takeover code, see below:
"Rule 9 requires a mandatory offer to be made in cash (or be accompanied by a cash alternative) and at the highest price paid by the bidder or any concert party for any interest in shares of the relevant class during the 12 months prior to the announcement of the offer."

Reading the circular (page 23), am I right in understanding that if shareholders reject this resolution, the Concert parties would have to make a mandatory offer for the company? Just another way this could play out.

Diamond balls are not forged by caving in.

I don't know, my friend, it could be that some form of partnership/merger with Exscientia is on the cards - the other company Mr. Snow used to be involved with. Or if not, since they mention US operations, maybe they are hoping to re-list there? And maybe no intent behind the words, but I find interesting the choice of words in saying 'will be supported from the UK', not 'led', but 'supported'. So, does that also potentially imply the possibility of a US-listing?

Regardless of what happens, it's hard to call whether PIs would get shafted, isn't it. But then, looks like Drayson is holding on to his shares, so you have to wonder why.

I didn't go 100% in on this, and reasonably comfortable with my level of exposure, but anyone who got in hoping to make quick profits will clearly be disappointed. I just hope that freetrade don't memory-hole the shares into the void, so that when/if the company does re-list, these will be transferred/converted appropriately.

Circular full text:
https://designstoragesa.file.core.windows.net/design-files/263439_Project_Starling_CL_Circular_18May2022.pdf

Note the file name. Project Starling.

"Starlings are symbolic of communication, of your relationship with your fellow members, and your standing in society. They also symbolize unity; often seen flocking together"

Lmao, merger on the cards?

I also noted:
"The Company will also focus its activities on the UK to support its partnership with the NHS and, consequently, its activities elsewhere, particularly the US, will be supported from the UK."

Note the 'US' bit.

The re-listing note is with regards to re-listing as a private company. There is no forward-looking statement on re-listing on the market.

Hardly a choice there, just looking at the Recommendation section. Sounds like the heavy-hitters intend to vote in favour. If they don't, the whole shareholding can be taken over for nothing.

De-listing is not the end of the world. Guess the question is will it ever re-list.

Does anyone know if their broker allows to trade unlisted securities? I'm with freetrade at the moment, and thinking now I need to transfer while there is still time.

The Circular is out

Will we get a RNS for Alex Snow rugby-tackling Drayson?

By the way, remember how Colin said the directors couldn't buy because they had knowledge of CPR info...well, now it's out... and the price is around the placing range... jussayin'.

> I CAN JUST REITERATE THAT THIS ISSUE IS FRONT AND CENTER AT THE MOMENT, BEGINNING BUT NOT ENDING WITH THE APPOINTMENT OF AUCTUS.

God damn, let me get my popcorn. Promises to be an interesting H2.

> im curtain news very soon

Hahaha, let's hope it's not curtains for us.

Hahaha, you can't make it up. You get sanctioned, but then if you get this super special piece of paper, you're still sanctioned, but you can operate as if you're not sanctioned.

How long is the advance notice for a general meeting? Isn't it 2 weeks, actually?

Also, Apr RNS claimed they will run out of money by end of month.

We're mid-May and still here, and they are hiring more. Hm.