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" I think this hub will race ahead far quicker than the western ones and deliver big numbers whilst US and Uk are still finding their feet.
Thoughts?"
Totally agree.
Will be massive in the ME and other Shari'a regions.
I know, for a fact, that they are already talking to very connected people concerning one of the biggest Islamic countries in the world.
Can't say any more, here, unfortunately.
Chalker,
"AZ has too many shares that he still needs to offload to pi's for him to quit now"
The massive after hours buys that went on for weeks, prior to suspension, certainly does not support your assertion.
They were far too big to be PI buys, its as simple as that.
"Longer answer is that the hardest hurdle is now cleared and the manufacturing hurdle doesn't exist as this is already in place with three manufacturers already."
I wonder if a lot of these doubters need to wake up and smell the bacon.
It's all systems go, from here.
"Look at the govt tender process. Look at the sampling method. Look at the competition."
Exactly that Larsh.
Can't believe those trying to deramp on this excellent news.
I'm just sitting back now and awaiting the rest of the events, we know are coming, to unfold.
FWIW and IMO only, I believe that there have likely been deals already on the table.
I just think that the amounts offered have either not been high enough, or the participant suitably newsworthy, or possibly both, to support the future business plans.
The latest RNS, I see as a positive as it will enable further data models to be produced from the latest set of results and hopefully add value that way.
It seems some are unhappy here, I don't like to see the price go down either obviously, but if I was that unhappy I would just sell up and move on.
Boredom and frustration is the quickest way of losing money and I should add VAL is not currently short of money, so I'm personally prepared to wait it out for now.
Hi Parm,
Stuarts been involved for quite a while.
However, he is the ideal person to be put in charge of the UK hub, which is why he has put in charge of the UK vehicle for this purpose.
Obviously he's on Linked in, if you wish to look further.
Phillippa Keith works for the company secretary, so she was used as a placeholder for initially setting the company up.
In fact if you look at the large number of directorships she has previously held, I suspect this is part of the companies process that performs the company secretary role.
Phillippa Keith works for the company secretary, so she was used as a placeholder for initially setting the company up.
In fact if you look at the large number of directorships she has previously held, I suspect this is part of the companies process that performs the company secretary role.
The LTD is for the new UK operations hub.
Stuart Nelson, an existing Syme employee, has been made a director of it, if you look at his CV, on Linked in, that is for very good reasons.
Furthermore, there has been a number of new recruits and promotions during this time of suspension.
Very true Kn0wles,
I had seen these myself just the other day.
Certainly adds up given the weeks of huge buys we saw prior to the suspension.
Obviously, you have to have sells to cover the buys, but the shear size of them all made it clear to me that it wasn't PIs loading up.
The movement percentage wise, since December, supports that.
It certainly won't support the narrative from some on here, that the shares were being dumped into the PI bucket.
Ho hum.
"Companies house is a red herring. They are a law onto themselves and it doesn't matter here. All what the markets/FCA care about is an RNS.
It can take months before it appears on CH and it doesn't effect anything."
This, all day long.
Both independant rules, not dependant on each other in any way whatsoever.
Simply put, if you don't provide the FCA with an unsuspension request (to be actioned or to be actioned at x point with supporting reasons) and also supply LSE with supporting/published documentation, via RNS, you won't be up and running.
Conversely, if you don't supply Companies House, who have their own rules/timescales, with their required documentation you will get a fine.
It's very simple really.
"Usually about when boards get this quiet that the big news drops."
Que tears and large regrets.
Holding firm here, this is pharma not tech.
All IMO.
"These AIM cowboys aren't monitored - the nomad is there to watch and promote the company, that's it. If the nomad is too restrictive or doesn't promote enough, they change advisors."
Yeh, small problem right there.
SYME are not AIM.
Great advice otherwise, however.
ROFL.
Scotty,
Better keeping out of pharma, in general, if you think 4 months is a long time.
"Whatever the wording in the handbook about ‘requests’, the FCA decides."
Correct, I made that clear in my post.
Anyway, maybe you should both write to the FCA and request them to remove it from the handbook.
As according to you both it's completely immaterial to have it in there and would never be invoked or agreed.
One thing you are both right about, however, is there's some right idiots in here!
From the regs, point 2.
Obviously the FCS can over rule and unsuspend themselves, if they have due cause.
(1) An issuer that has the listing of any of its securities suspended may
request the FCA to have them restored.
(2) The request should be made sufficiently in advance of the time and
date the issuer wishes the securities to be restored.
(3) Requests received for when the market opens should allow sufficient
time for the FCA to deal with the request.
(4) The request may be an oral request. The FCA may require
documentary evidence that the events that lead to the suspension are
no longer current (for example, financial reports have been published
or an appropriate announcement has been made) to process the
request.
(5) Even if restoration is required urgently, it will normally take up to 30
minutes to be effected.
"You CANNOT tell the LSE ‘can I please resume trading on date ‘x’ ‘. That is not how it works.
This is to stop market abuse."
Rubbish to be quite frank.
Have a look at the FCA handbook containing the regs.
All above board.
"we were then able to request the lifting of the suspension from the Regulatory Authorities which we did last Friday. We are currently awaiting confirmation from them of when the suspension will be lifted and dealings recommence."
Please note, this doesn't necessarily mean this will happen tomorrow.
It was requested Friday and they are awaiting confirmation of when dealings can commence.
SYME could have still requested it to recommence on a certain date to be confirmed.
It's obvious they didn't want it to happen today, otherwise it could have been done and dusted with a simple phone call Friday.
The comms are very clear, but the method of contacting the LSE and what is stated, in the comms, allows some flexibility in the terms of time.
Thanks Parm for the confirmation.
All previously the same as I thought.
Should put some straight, on here, that choose to state otherwise to suit their own personal agendas.
Correct, submission is largely done online these days.
I say largely because it is not required by CH to only allow submission online, yet.