George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
Have you read the last dozen or so RNS’ ?
Certainly is Italian
27/1
Update received today:
Demerger.??And??Consolidation.??1 New Napster Group Plc (Napster) Ordinary share for every 750 Existing Napster shares held.??And??Cancellation of Listing on the Alternative Investment Market (AIM).
Important Information & Other Key Dates:
On 2nd December 2021 Napster announced the it had entered into an agreement to sell Rhapsody, a subsidiary of the Company, to NM Inc (NM) in exchange for NM shares. As part of the Demerger Napster will Consolidate its Ordinary shares and Cancel its Listing on the AIM. On completion of the Demerger shareholders will receive 1 New share in NM for each post-Consolidated Napster share held.
The Demerger, Consolidation and Cancellation of Listing received shareholder approval at the General Meeting held on 20th December 2021.
Subsequently the Consolidation is expected to become effective on 26th January 2022, the Demerger is expected to complete on 27th January 2022 and the Cancellation of Listing is expected to become effective on 28th January 2022 with the last day of trading in Napster shares expected to be 27th January 2022.
Unless you hold your shares in a Sharebuilder account, no fractions of Napster shares will be issued. If you therefore hold less than the qualifying 750 Existing Napster shares you will not receive any New Napster shares. No fractions of NM shares will be issued even if you hold your Existing Napster shares in a ShareBuilder account. Any resulting cash entitlements will be dealt with in accordance with our Terms & Conditions.
When a company consolidates its share capital the number of shares in the Company reduces. This impacts the share price as the total value of shares remains the same but there are fewer shares in circulation, so the price can increase significantly. You may therefore notice an increase in the share price when the Consolidation becomes effective.
You should be aware that if you have not sold or otherwise transferred your Napster shares prior to the Cancellation of Listing, you will not be able to sell or otherwise deal in them on the AIM after that time.
It is not yet known when the New NM shares will be received. NM is expected to list its shares for trading on a recognised US stock exchange by mid-2023. Should NM successfully list its shares on any stock exchange we will notify you, however, please be aware that there is no guarantee NM will succeed in any such endeavour.
As the Napster and NM shares will not be listed on a Recognised Exchange, they will no longer qualify to be held within an ISA product. Should you hold these shares within an ISA, we will shortly transfer your Napster and NM shares to your Share Dealing Account. If you do not have a Share Dealing Account, we will open one for you.
Should you retain your holding of Napster shares we will update your account accordingly upon receipt of your entitlements.
Hi Lofas - if the market is confident of a Nasdaq listing then yes, back up to 1p then decision/time for those left in.
For Lloyds / Halifax shares:
“… You would not need to do anything, when and if the shares delist and are not on any recognised market they will automatically become ineligible for holding in an ISA at which point they will automatically be moved into the non ISA account which accompanies all our ISA's.”
Here’s to a fruitful 2022 for all (yes all)
Sorry AP, it’s me he’s targeting (again). I may have to report him / her.
Fair play Tribal, keep us updated! All the best
Great fun this share Nookie lol
Whatever makes you feel better about your choices young man
Agh bless you. I get paid to speak Daniel, and people pay to listen, so yes I don’t mind my own words! Lol. I’m only investing my original profit, plus a few extra thousand to average down over the past couple of year, so I’m not in as bad a situation as some. Then again, my losses are only paper loses as I have no intention of selling. I’ve certainly not lost all of my money, so sorry to disappoint you. This is the start of the real journey. I’m not big into trading stocks, just this one. For very good reasons. It’s a shame you and your boyfriend won’t be a part of it. You will wake up one morning and read big news about Napster. But you need your money now, hence you sold at a loss. I get that. Good luck with your future investments!
But you are not invested in this share. It is thus you and your boyfriend who aren’t welcome here, so need to zip it! But you sense this already don’t you sweetheart. There’s a few creeps at every party. Bye now
No Dikki - I do not offer advice on this share. I certainly have not told anyone to buy or hold (unlike you and your boyfriend). Big swing and miss that. Tool.
No Rikki. We are all fine with your view (***roles eyes***). We are well aware that your advice is to sell. You are perfectly entitled to that view, even though you do not hold and previously sold (at a loss) a long while back. You are saving nobody here. You do like the sound of your own words though. Good luck, now please do not repeat your 'advice' anymore - it is wholly unnecessary. Good luck with your other shares though mate.
Oh, meant to say - it is very unlikely that AM will be in charge of anything other than the VR / live content production side of the business, as posted previously. NM Inc will be on a different scale to EVRH / Melody VR so will need a Group Director overseeing AM and those in charge of the US Napster streaming side of the business (plus the other key divisions). AM will have to get used to being managed, else he will be gone. All IMO of course.
Same Italian. I also believe Offer is a fairly shrewd (and honest) investor, but sometimes gets led astray by the naughty kids at the back (you know, the ones who have already given up and are only here to drag the good kids down). I think he likes the bants with Albert too (as I do with Dikki). All things considered, Offler seems to be a good egg.
Lofas. Yes, I can quite positively say ignore the non-investors with too much to say. They very much have their own agendas. Those not promoting NAPS at the moment are just bedding down for the next 12-18 months. They’ve not gone anywhere!
Rikki - stop with the scare mongering; it isn’t working. Most here will know that you can easily sell and repurchase shares between share and ISA accounts (“ Bed and ISA”). I intend doing this on Nasdaq listing (unless Lloyds tell me Nasdaq isn’t a recognised exchange).
… oh and once my NM Inc shares have been tucked away, I fully intend on further ISA investments; maybe even on AIM!!!