Member Info for neilin62

Chris,
I did say that, but i later posted to say that of the 2 scenarios i had worked through, that i admit that i believe i was wrong in that conclusion. This leaves me with the other scenario, which with things happening lately, makes more sense, (to me at least) . Maybe Antos thought he was going to RTO through BOU, but it didn't work out the way he thought? I don't know, but it's a thought.
There must be a reason that the RNS is delayed. from today. We will know shortly.

I tried to keep off for a while
Antos, Antos , Antos.......He is NOT our saviour!
Still banging on about "his gold".
Some people could not join the dots up if i gave them a pencil and a ruler!
Stop panicking
Just a tiny bit more patience and you will all know.
Sorry, but it had to be said.

Gents,

After this post, I am not going to be posting on here for a while.
I will leave you with this thought......
READ THE LAST LINE OF MY POST 13.03.20 @ 19:32. I REMAIN OF THE SAME OPINION

My money is on an RNS 7:30 Tuesday 07th April .
re Antos, no i don't believe he has any influence at all over the BOD.
Why did he not make it a condition that he was elected to the board when he bought PSL given his holding?

OTAQ listed on the main market this morning following their completion of RTO.
Straight in at a 436% leap.
Just shows what can be done.

Stiff upper lip chaps
UK Virus ALERT
The English are feeling the pinch in relation to recent virus threat and have therefore raised their threat level from “Miffed” to “Peeved.” Soon, though, level may be raised yet again to “Irritated” or even “A Bit Cross.”
The English have not been “A Bit Cross” since the blitz in 1940 when tea supplies nearly ran out.

The virus has been re-categorized from “Tiresome” to “A Bloody Nuisance.” The last time the British issued a “Bloody Nuisance” warning level was in 1588, when threatened by the Spanish Armada.
The Scots have raised their threat level from “****ed Off” to “Let's Get the Bastard.” They don't have any other levels. This is the reason they have been used on the front line of the British army for the last 300 years.
The French government announced yesterday that it has raised its alert level from “Run” to “Hide.” The only two higher levels in France are “Collaborate” and “Surrender.” The rise was precipitated by a recent fire that destroyed France's white flag factory, effectively paralyzing the country's military capability.
Italy has increased the alert level from “Shout Loudly and Excitedly” to “Elaborate Military Posturing.” Two more levels remain: “Ineffective Combat Operations” and “Change Sides.”
The Germans have increased their alert state from “Disdainful Arrogance” to “Dress in Uniform and Sing Marching Songs.” They also have two higher levels: “Invade a Neighbour” and “Lose.”
Belgians, on the other hand, are all on holiday as usual; the only threat they are worried about is NATO pulling out of Brussels.
Australia, meanwhile, has raised its alert level from “No worries” to “She'll be alright, Mate.” Two more escalation levels remain: “Crikey! I think we'll need to cancel the barbie this weekend!” and “The barbie is cancelled.” So far, no situation has ever warranted use of the final escalation level.

Hi Jace,
Yes, i am acutely aware of that, and i don't want anyone to think i "know something" I re-iterate what i have said previously, that i don't know any more than anyone else, but these are only my own thoughts based on what i have researched, and found out.

Hi Chris /Jace
I did say that i wouldn't repeat anything that Tim had told me in case it could be construed in any way, that there was any hint of information that was not in the public realm. I don't think there is any problem with me saying that the BOD are well aware of the anxiety that lack of news is causing, but the NOMAD has advised that there is no information that can be announced at this stage. The reason for my "i am not worried" line is that having had 2 possible scenarios in my mind, Tim's answers to my queries ruled out (in my opinion only) one of the routes this could take., which is why i said i was wrong on that assumption. This only left the other option, which, to my mind is, how can i put this........ the more acceptable one to me.

Chris
First part of your question is irrelevant now, as whatever happens we will delisting.
Second part, well technically there is no time limit, although it obviously depends on how long the funds in BOU last, as at some point, paying directors salaries etc will use them all up.

Didn;'t expect an RNS today, and to be honest i don't think we will get one until 7:00 am April 7th, although they may as well do it now, as we will delist without a doubt, so they aren't saying anything we don't already know.
I know it's disappointing, especially more so, for those who hold this share in their ISA's., but it could just be a benefit.
Because we will delist, that ironically takes a bit of pressure off the BOD, in that they are not trying to race to a deadline. They now have the time to get everything done. Particularly if, as i suspect, there are complicated legals to address. Look how long it took them to get Abal done.
Also, in light of the last few weeks issues, i think i would prefer it to take longer to get the deal in place, as right now is definately not the best time to get a relist. Rather wait that bit longer, until the markets settle down and get back to some degree of normality.
rnorth, all the best.

As long as you still have some allowance left, then yes, up until midnight 5th april you can still add to an ISA

As i understand it, there is no distinction between types of ISA, and the rules apply across the board. Any non quoted shares are not allowed to be in an ISA, and your manager will have to transfer them out, and into your name.

Sipps are an investments plan, and are completely different, and there is no effect

Hi Chris
Yes you are correct, i used a bad analogy there. Obviously they can't be suspended if they are not already listed, and this would only apply in the case of a listed co. but as you say even a private company has shareholders (usually). I was more thinking along the lines of Abal's deal. For an organisation with MCAP of that magnitude, there had to be a reason that they wanted listing in the way they did. But what if the target is not UK based? or they aren't listed where they want to be?
I must stress, that i am only putting my thoughts into roleplay, and i do not profess to know anything more than anyone else.

Applegarth,
Now you can probably see why there is such a news blackout.
If i am right and this is the case, there will be a lot of work going on behind the scenes, which they can't risk leaking, as any hint of the intended target will probably lead to immediate suspension, since their shareholders know nothing about it.

I believe the process of an IPO has far more hurdles to overcome, hence the timescale generally being much longer - not that that is an issue now! but there is a lot more regulatory requirements to comply with. The cost is also far greater than an RTO
Also, i think that we will be doing this under a "whitewash transaction"

Biffy
There's a common misconception that if you de-list, then that's it your shares are gone. This is not true. In fact you can buy/sell de-listed shares OTC (over the counter transaction).
With regards to us re-listing, or listing on another market, your shares should be safe. They will just be in the new name of the company we RTO into, (or a new name if they so decide) Depending on who the new enlarged group is, your shares could be worth far more. (which is what we are all hopeful of)

The news that we are all desperately waiting for has to be notified by Wednesday 18th, or it's de-list.
If we don't get it by then, in my opinion, either:
1. The BOD will issue a statement saying a target has been identified, and we will RTO by the required date ( won't happen in my opinion)
2. The BOD will issue a statement somewhere between Wednesday 18th, and 7:00am Tuesday 7th April. It will say that they have failed in their attempts to find a suitable target, and in accordance with AIM rules we are de-listed.
If number 2 happens, and there really is no target, and they leave it until the 7th April to tell us in the obligatory RNS, then i really would not be impressed, as would everyone here i guess.
However, there is a point here to consider.
If, as i suspect, there is a deal being put together, and it will take us past the deadline, then in all probability, they would be unable to communicate this to us, (Non disclosure , legal issues etc, don't forget there is the target company's shareholders and subsequent suspension on an announcement). In which case, yes, they will tell us there is no deal. They just can't add the word "YET"

Hi Havoc
Impossible to say without knowing:
a) The sector in which we are looking to rto in
b) The target company
It literally could be anything.
I'll bet that no one had any idea that Abal's new MCAP would be anything like it is prior to the target being identified.

In case anyone missed the significant details.......
Abal (previously Imaginatik before their RTO ) had a market cap of £1.7m
They never logged a profit since incorporation to AIM in 2006.
Admission to main market following successful aquisition of Supply@ME is expected to realise a market cap of £227.5m !

Nice spot Jace,
Wonder if he knows the name of the man who just got abal over the line?
Here's a clue - that would be John Michale Treacy