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Further to my last.
I've just opened a sharedealing account with Bank of Scotland as I don't feel it safe to hang around awaiting decisions from X-O.
My wife transferred shares in GWPH from X-O when they listed on NASDAQ to a Bank of Scotland account several years ago.
The GWPH shares were ADRs whereas VRP are talking about ADSs.
Could someone explain the difference - if there is one?!
That sounded a bit vague Thunderoad. Does that imply that they'll convert your holdings to ADS without any effort on your part?
I spoke to X-O (Jarvis I.M.) a little while ago and didn't get a clear answer.
They didn't seem to know anything about the VRP move and then said I should wait for a mail communication advising my options. This is going to eat into the 20 days.
I fail to understand why they couldn't say over the phone whether or not they could handle NASDAQ ADS.
I've been invested here for 11 years at an average price over £4.00. Just when this share looks ready to skyrocket and give me a chance to pull back some of my losses, they pull this stroke.
Not a happy bunny.
It won't be the first time I've been shat upon by an AIM listed company though.
I just received notification from Share Centre with offer details. Rather ominously, they note that if "sufficient votes are received, it is expected that Ithaca Energy Inc. will delist from trading. If this occurs and the offer closes prior to it being declared compulsory, and you have not accepted the offer, you will then be unable to sell your shares or accept the offer". Can this really happen, or is Share Centre just trying to put the wind up undecided investors?
I currently hold GWP through X-O who cannot deal with ADRs. If no action taken by 25/11 they will return the shares in certificated form. Any suggestions for a broker who can cost effectively handle this transfer of 2000 shares - or should I just flog them? I think the best has yet to come, so reluctant to sell. Thanks in anticipation.
Have you heard something? Frankly I'm hoping to stretch to a McLaren 12C but it would be nice to still have a driving licence when it comes to pass. One lives in hope - just like I've been doing for the last six years.
Thanks for your efforts on behalf of private investors, who it would seem are about to be taken for a ride. One of the benefits of the AIM is that investors can indulge their interests in commercial technology and watch as their confidence in small startups bear fruit - or not. If an enterprise goes down the pan due to unforseen operational or technological circumstances then the investor can take it on the chin knowing that his / her loss in the enterprise has added to the sum of human knowledge and expertise. When a company begins to bear fruit and the PI is pushed out, nursing a loss, due to financial jiggery pokery by persons with no interest in the technology beyond its ability to earn them serious money then action needs to be taken. Unfortunately my holding in this company is in a nominee account, and I am unable at this late stage to veto the T/O proposal, however I wish dflynch and all others combatting this T/O the best of luck in their endeavours. I bought into this company years ago because of my interest in their leaching technology. I would hate to be forced to sell because of the actions of a few bean counters with no concept of the science involved. Shyster dealing like this will ruin the AIM.
about this share since I first bought in 2008 @ 28p. Filled my boots during the shenanigans in 2009 when the price dropped to 1.6p. Still the good feeling persists and I'm just about breaking even. It's unfortunate that the company are so economical with news and progress information - could anyone shed some light as to why this should be? I'm prepared to hold this for long term and I'm sure we'll have our patience rewarded. Good luck.