Member Info for ns20

Good post. . . I have quickly scanned through and it is likely that the suspension request was put through on Tuesday night / Wednesday morning to give the FCA enough time to process the suspension. as per section 5.3.4

Hi Ken, given the oscillating mood of this BB, mainly by negative contribution, only to be mildly sways by positive reactions in share price, it is understandable to take that view. Lots of recent negative posts will sit in the back of your mind and perhaps sway you to go in that direction, like a Derren Brown trick . . I am going to be open and say my first emotional response was "Oh f***" but having taken a step back and taken a pragmatic view, I don;t really see that much of an issue.

Hi Mick2, valid points. . I suspect that there may not be anything groundbreaking to report for Dec19 and Jun20 respectively. . . More of an opportunity to consolidate past events, with less of an overlap. As regards re-rating after suspension, I am fairly new to investing any of my own surplus (less than a couple of years), so every day is a school day.

Johnny, thank you for that. . . for the record I am an Accountant in practice, so I am quite familiar with processes and good practice.

Taking on a position of Auditor takes quite an amount of time, with Due Diligence. Considering they have been in the position for around 3-4 months, this would considered acceptable to deliver on their engagement within that timeframe?

It is simply a change of Accounting reference date.

Okay. . . What is the likely outcome of all of this:

1. It is one big yarn. . . I strongly suspect this is unlikely, but there is a risk, however small.
2. This is a plain and simple action taken by AZ on the advice of the Auditor for regulatory alignment of reporting periods, as December year ends are very common across the globe.
3. AZ has taken the opportunity for a voluntary suspension of trading, to deliver the "LTH will be rewarded approach" and smash it out the park with a mass of disclosures as to the financial performance of the business thus far.

Thoughts anyone?

In addition, there is no breach to Companies House rules that I can see. You can shorten the accounting period as many times as you like. If you check out the Register of Companies listing for SYME, you will see that they have until June 2021 to file the revised DEcember 2019 accounts. Don't panic Mr Mannering. . .

This for me has been planned, if you consider the flow of information. . A new Auditor was appointed and a lot of investors have taken very sizable positions over the course of the last 30-60 days. It would not surprise me if the accounts are not already in the final state for December 2019 and June 2020 respectively, given the amount of time required to prepare and finalise, especially given a new engagement for the inbound auditor. For me, the eleventh hour shortening of the accounting reference date, now makes complete sense as to have done it any earlier could have really had a negative impact. For me, I am slightly more nervous than I was but still overall, in a confident position. Good luck everyone. . .

Agreed Wolf! . . .

What an excellent display of ignorance. . .
https://find-and-update.company-information.service.gov.uk/company/03936915

https://www.marexspectron.com/ apparantly a fairly new one to the Exchange.

The short term frustration for many shareholders is that you are both right. . . . It is no different to me getting shariah approval to buy a house for 100k and selling it to an Islamic follower for £200k, payable over 10 years. Long term it is just another stepping stone in the right direction.

Back down to 0.45? Possible but not probable at this moment in time.

Today's price means nothing. . .

16:30 10,000,000 0.56
16:30 1,927,804 0.56
16:30 10,000 0.55
16:30 40,000 0.55
16:30 10,500 0.55
16:30 200,000 0.55
16:30 500 0.55
16:30 8,000 0.55
16:30 8,000 0.548
08:50 PEEL 300,000 0.54
10:17 SCAP 300,000 0.54
16:30 48,000 0.524
16:30 50,000 0.522
14:10 WINS 300,000 0.52
16:30 42,000 0.52
16:30 50,000 0.52
08:27 JBER 300,000 0.51
16:30 1,000 0.51
08:37 SING 300,000 0.5
16:30 1,000 0.5
16:30 100,000 0.5
16:30 70,000 0.5
16:30 100,000 0.5
16:30 2,200,000 0.23

14:00:01 0.55 23,911,000 131.51k UT

That is tasty!

SYME erectile dysfunction

https://www.ft.com/content/4e8a2ac5-bfa6-4da6-81b5-44d8238644a2

What will be will be. . . . Good Luck. . . :-)

Hi Sharehunter3, I am just hoping we have a larger proportion of long term holders now, so when the price rises, it will certain rise and hold well. For me I will just probably try my best to avoid looking at the L2 board if it does as it will be really hard for me to hold above 5p. That for me is the point in which I am completely debt free. Holding now is easy compared to that prospect, in my view. . .

When you think of the large buys in the context of a relatively small percentage of free floating shares, this has got to start drying up soon.