RE: Farce13 Jun 2023 13:53
"They could clear out PIs in a second, going Private isn’t their agenda. " -- Another recent rug pulling example was Ienergizer the london listed call centre and corporate services company. The controlling family managed to accrue 75% of shares (quite how this sits from a regulatory position I dont know). They then de-listed the share making the SP sink to pond sediment, and re-listed the share on JP Jenkins the 'matched trade' platform which anyone knows is the share graveyard of the unloved and unwanted, so they effectively have complete control of the CO and could mo[p up the rest of the shares for a pittance if they wanted to !