The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
Monty, the operating loss is driven mainly by Board salary/wages/"short term benefits" which have increased as the BoD has expanded.
Would be interesting to know what performance related measures all these new members have, as they certainly take from the Company.
Will need to read in depth, but not seeing immediately anything that explains the farce of a suspension, or exactly what stage we are at with sale. Couldn't see the phrase "credible party" leap out either, so they've probably walked as would expect them to shout if they are still around.
Still, let's see if Dels list have any items ticked off.
GLA
Oops, B1ll, me being a bit too shifty there...
Take care B!ll, understand your decision, hopefully see you investing here again soon (like the day after tomorrow maybe...) ;-)
Well at the very least we'll have an rns by thursday either publishing accounts or explaining wtf is going on (and any consequences).
Anything more than "the very least"? Come on BoD, surprise us!
I'm not holding my breath the Annual Report itself will contain much update as unfortunately what we are waiting on (as listed by Del) falls into the category of "Events After the Reporting Period" i.e. since 31 Dec 21. If the RNS reflect a complete list of post-reporting period events, that section will be very short indeed.
What is needed is a separate statement or RNS providing a comprehensive update on company activities and plans for the next half of the year. It's not really an 2021 Annual Report sort of thing. Will we get it?
Just catching up and want to echo the sentiments of other posters at this difficult time for you Kammy.
You're right when you say there are good people on this board, and I'm sure many many more who read but don't post, who would also wish you well.
Thoughts are with you buddy. ATB
Sounds like there is still quite some way to go. No more credible party possibly?
Evening Carl. I'm not sure that AIM unilaterally suspended us. Example recent rns from elsewhere shows AIM in top left, but suspension was at the Company's request:
"RNS Number : 4629C
AIM
23 February 2022
NOTICE
23/02/2022 7:30am
TEMPORARY SUSPENSION OF TRADING ON AIM
ARENA EVENTS GROUP PLC
At the request of the Company, trading on AIM for the under-mentioned securities has been temporarily suspended from 23/02/2022 7:30am, pending an announcement.
ORDINARY SHARES OF 1P EACH, FULLY PAID (BF0HYJ2) (GB00BF0HYJ24)
If you have any queries relating to the above, please contact the company's nominated adviser on +44 (0)207 397 8099."
I think once a suspension to be actioned, its an AIM issued notice, but it doesn't necessarily mean its AIM causing it.
Well I for one expect a red dot tomorrow.
Sadly just for PMEs. My guess, at least 6 of them.
Agreed. I've been hoping for good news, braced for bad, but an announcement saying no reason? How do i react to that?
What the bloody hell has this all been about?
Mrnewbie - if you would be so kind as to do the full Jackie Weaver to those people (alongside read it and understand it), and add in "you have no authority here!"
I believe AIM Rule 1 would only apply at the point the NOMAD is lost, i.e. once they have left. We would have to suspend trading until a new one was appointed (or delist if we remain without a NOMAD after 30 days). NOMAD leaving would only be the case if they resigned with immediate effect, and would have to be stated at the time.
Accounts - depends when they fall due, but again would this not apply only once the deadline had passed and no acounts have been filed, not days/ weeks in advance?
Everything points to this being a suspension by choice, Rule 15 is the obvious candidate of the three you've mentioned.
Unfortunately from my pov champions league now being "Spurs' to lose" is possibly nerve racking than anything! I seriously wouldn't rule out a loss at Norwich who have nothing to play for.
Everton however will be another tough one for your lot as they're getting some goalscoring form, and as you say Les the desire seems to be all but gone from Arsenal judging by the last couple of games.
Hands up, who got a vox alert only to find it was ggp?
..or a record date 2 months in the past. It will have changed for any number of reasons
Mogombo, a company cannot announce a dividend one day and set an ex dividend date 2 months in the past. Not allowed I'm afraid.
They'll have to issue something to explain themselves. I just hope it isn't a rubbish holding rns along the lines of last time, for example (paraphrased):
The Company confirms that trading in its ordinary shares has been suspended (at 7.40am 16/05/2022) pending an announcement. The Company's AIM securities remain suspended. Further updates will be made shortly.
Hoping that the lack of such a rns on the day of suspension, means the rns when it comes will provide a full set of answers.
I honestly think MF meant until the reason for suspension is clear, they cannot recommended buying or selling. Obviously nobody proof read it before publishing!
Vox newswire! FFS be still my beating heart...!!