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Tiziana have announced the demerger, but not the relisting so its still a possibility
I took part in this study which was being carried out by Manchester University, called Falcon study:
https://www.manchester.ac.uk/discover/news/manchester-researchers-lead-programme-to-assess-instant-testing-for-covid-19/
Process is still ongoing and I will be informed the outcome of the trial, so will let you guys know as it could be linked to this
If you're investing in shares like this you need to understand the risk and mitigate that risk by spreading your investment. If you put all your money in to one investment then I hope you learn for the future. But you should really try and weigh up the chance that this investment will be successful (I would say around 20% for BOU), and also try and estimate the potential returns. If you have 5 investments at a 20% likelyhood of coming good, one should come through, and if you have chosen investments with a high enough return, one of the shares coming good should cover your losses on the other shares.
Anyone in possession of shares at the last AGM voted FOR all the board members
http://bouldopportunities.com/wp-content/uploads/2019/08/Results-of-AGM-2019.pdf
"Allan is a serial failure though" yet you invested in him???
If you want a company that has good shareholder communication then don't trade on AIM
I think your right about the warrants Chris
sorry for the rant, last point about funding. Funding could come externally, from a bank or from other investors, but then that makes using BOU as a vehicle to rto and relist pretty pointless, and reduces the advantages of using BOU. The company wanting to RTO could source this type of funding their selves
The real advantage of using BOU is that funding should be readily available from the shareholders, making the relisting process a lot cheaper for the company wanting to relist. If you think that the shareholders won't be asked for extra money then I believe you are wrong
The talk/excitement of the shares being back on the market is incorrect. They cannot put the shares back on the market until the below process has been complete. Until the rto has been approved legally nothing will happen to the shares, any changes in the website/your shareholding is likely background admin, nothing to do with the rto
The way funding would work:
- target company announced
- shareholder meeting called
- voting on two points, one being approval of the company, the second being approval of new share issuing
The AGM still hasn't been announced so I am hoping they are holding off so that we can vote on the company and further funding in one go
As far as I am aware the warrants that Antos has is something he can claim, not something the company can claim against him. I believe the warrants state that that when/if we rto and relist Antos has the right to claim a certain percentage of shares. This is likely one of the reasons someone like Tiziana wouldn't choose us, as we want too large a share of the new company
If you read the annual report once the target company has been announced they will look for further funding to complete the relisting process. They have enough cash to continue at the current rate for another 12 months, but they do not have the cash to relist. The funding round could come from outside the shareholders, but it is more likely that we will be offered shares, similar to the previous funding round
I'm 99% sure they will raise cash prior to relisting, so I think this is a false alarm.
As shareholders we also have to approve any transaction
So I am hoping that the AGM hasn't announced so that they can announce the target before hand, then some of the potential votes will be on funding (either through additional shares or private funding) fingers crossed
The annual report seems pretty comprehensive, I think part of it is a sort of advertisement (Corporate Government Statement), with reasons why BOU are a suitable company for an RTO.
The part for the shareholders was:
At the time of preparing these financial statements, the Company has closed all its trading businesses,
and is a Cash Shell awaiting new investment opportunities. The Directors believe that since the year-end,
through share issues, the Company has raised sufficient cash resources for over 12 months to support
its contracted and committed working capital requirements as a quoted Cash Shell company. The
Directors have announced that they are seeking new investment opportunities, and have indicated that
further investment may be expected from shareholders when suitable investments have been identified.
I know I'm clutching at straws here, but how does it work when a company is listing both in the US and in the UK in the same period?
may be making this up, but I'm sure it stated we would be relisting on a non-AIM exchange in one of our RNS'?
On the interview, i think Cerrone said within 2 months?
I suppose if you're an investor that regularly invests in things like this and 4/5 don't come through then you need the one that does come through to be a multi bag. Not sure I would go through this again haha
So we're saying Accustem will relist at a mcap of £280 mill? I think our mcap before delisting was £3mill, so if we get £30 mill we are 10x our money? Is that correct? Just sounds too good to be true