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Why did I ever get involved in this complete rubbish? Paid 11p or something ridiculous and just seen placing after placing and nothing else.
This has to be the worse share on the market.
Anyone had any contact with the CEO?
How can this share be valued higher? It's a cash shell with minimal chance of an RTO.... likelihood of cash being returned to SH is tiny.
This share must be at the bottom now.....
115 is a key support level historically... let's see
Considerable profits.. did the Unite secretary review the annual report?
We're nearing the Covid low, despite when Covid hit we had no income and coaches just sat there. This is becoming a real bargain.
Never thought we'd be here. Surely can't go too much lower.... only time we've been lower is during Covid!
If there is a no vote on the first resolution the 2nd resolution automatically falls. In that instance it is highly likely the company go into administration and shareholders get nothing back.
Thread for us all to put how we voted and number of shares. Let's not clog up with discussion, just answer once with number of shares and how you voted on each resolution:
50k shares
Resolution 1 - NO
Resolution 2 - NO
Strange how Frisby is entitled to spend fortunes on new collaborations and stock when we've basically being told they're potless. Something really stinks about this whole business and all roads lead to Frisby and Baaj Capital.
I have voted no just now.
Might be a turkey voting for Christmas, however I'd rather lose the miserly sum I have left then see Frisby and Co get away with scamming us all.
No doubt if no succeeds it will go into administration but at least we will be a cash sell for a bit with some options.
I've contacted my broker.
Don't forget there are 2 resolutions:
1. To accept offer of £1.2m for ITFL Ltd
2. To cancel trading on AIM for ITS
Don't forget, even at 1p there's a risk. If the vote is 'no' for the sale then administration is possible and nothing back for shareholders.
Next are not going to bid £5m for this business. Boohoo are not going to come in and offer 10p per share. Forget this complete and utter lunacy!
Company clearly massively overvalued at IPO with no focus on cost control or cash position.
Another AIM lifestyle company that has made Adam Frisby £20m. He gets to retain his stake of 23% in the new company and carry on as if nothing has happened.
A grand total of less than £100 is ECHO trades today.