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Selling off the non core part of the business will also give the business a significant amount of cash to invest in the aim part of the business. Reducing the headcount 66% will also will reduce overheads massively meaning the £6m funding will go a lot further.
IMO the delist was a scare game
Is there a possibility they want to delist from AIM and in the near future list on NASDAQ? Hense the push to delist now
I’m done for today! 1.5k @1.39p
I can sell everything but can’t buy nothing, wanted to get my last top up in before the rise
I agree, especially if the 6m cash confirmation comes through. Still cheap at 1.55p if you ask me
Last hour to get in cheap IMO
Would say that’s more realistic than then 100m (60p per share) people have quoted
Let’s me sell 1.6m shares! Is there a big buy order?
The 6m back in January was approved in the 26th January and there was an RNS on the 28th to say the cash had been received so May be a couple days gap. Expecting to having by latest early next week
It wouldn’t make sense to issue loan notes and not collect the cash. You would wait to issue them and collect cash at the same time, otherwise you have a creditor (loan note) against the debtor (cash due) just inflated the books . In my 10 years working in finance that’s how I’ve always seen it but could be wrong
If there’s any news on that cash I would expect the share price rise at some point this week
They need 75% of voting shares as far as I am aware which they will have so doubt there will be a flurry of directors buying shares even at these levels
IMO I won’t be that disappointed even if the shares do de-list and I’m granted new shares at the Nomimal value of 0.008p plus deferred share value of 0.092. That’s telling me that the the company still values it’s shares at a much greater value than it’s currently traded. I hold about 1.5million shares.
Yes I understand if the company de-list my shares are not easy transferable but as long as the company doesn’t go bankrupt there’s value in it.
No one on this page is saying these shares are not risky because anyone with any sense knows that this is a high risk high reward share.
Given that two major shareholders have sold around 15millions shares on Friday, I think the BOD currently hold around 55% (rough estimate someone please correct me) so they need to buy up 20% of the shares to get to 75% and that will come at a price.
Therefore in the short term, the lead upto the GM the share price will have to rise unless people panic and sell crazy cheap to just get out.
The BOD have a lot to lose if this company goes under given how much they have invested already and therefore will post probably do whatever they can to stop it going under.
From what I’ve seen over the last week or so a significant portion of the shares have been purchased between 2-3p and therefore I see shareholders holding to at least get their cash back.
LTH it’s a difficult one but if you’re not massive cash dependent then holding it out for the de-list and deferred share value is not a bad shout IMO
The current BOD don’t own 75% of the shares and therefore they will need to first get start buying shares up to be able to do this and therefore in the short term the share price will increase IMO
Can someone point me to where the information about the De-list can be found? I’ve just the mailbox from HL and I don’t see anything in there or anything online. I know about the RSN from 8/4 is that what everyone is talking about?
Hardy78 - you see that from time to time, things get ‘printed’ twice. You can clearly see it’s dated 8th April which is Friday, and it’s the same time as well.
It’s just a glitch as we see sometimes Buys show as Sells and Sells show as Buys.
Hopefully a big day upwards tomorrow
I do believe something is happening in the background, otherwise Directors would have bought in by now. What is stopping them from buying in (other than not having the cash to do so)
My buy is showing as a sell
Just bought in but it’s showing as a sell
Looks like a buy to me