RE: RNS2 Dec 2022 08:10
Again Bald Eagle is correct to be fair, as to give advice out, especially specific financial advice is not always best on anonymous chat boards.
Like all scenarios when they vote to delist they only need 75% of the votes actually cast to get it accepted.
The turn out at these meetings/pre voting is normally very low even though it's for something very serious being voted on. So the boards and their affiliates who will all vote FOR the vote to pass already have a large % of YES votes guaranteed.
MEAL is different and has risen so dramatically due to the fact that the RNS of Friday the 20th I believe the date was, stated that Dorren (CEO) who is involved with another company called Move Fresh will continue to purchase shares upto a 29.99% holding.
This was extremely strange they told us this but gave anyone (me included) who analysed the information in the RNS correctly a chance to buy in at below 2p and make a massive 200%+ profit.
The reason MEAL rose again Wednesday is because no TR1 forms have been released and so there is a possibility Move Fresh haven't even started purchasing yet and if they do the SP could rise further.
My honest opinion here is that DMTR is a different scenario and MEAL was unique.
BUT people like to trade shares, and gamble on AIM, even ones that are set to delist so it could well benefit from the MEAL and PCF effect.
PCF bank jumped from 0.42p to 0.96p in about 2 hours 2 days being announced it would wind down.
I've been involved in all 3 and that is just my views on the subject.
To finish I will warn the spread here and PCF can be upto 20% which makes it tough to trade where as MEAL is about 5% max and could be as as low as 1%
GLA and all the above is just my personal take on events and experiences.