Member Info for philphil

I do not think this is over we have lost the listing but fundementally nothing has changed we are still trying to close out funding or atleast they say they are, if they do get funding after the new year then this will relist again. on a positive they can pursue funding with no pressure on time scales and no major downswings in shareprice. i do not think this is over but will put this at the back of my mind for a couple months and see how things play out. good luck to all holders see you in a month or so.

perhaps the market does not believe that the $5mil sale is going to take place... they state it will complete by the 31st of december so if it does go through expect a re-rate. current market cap just £4mil, so sale basically equals caps + they have other cash, assets etc

phil manduca wants to avoid dilution but will be interesting to see if they do pull of funding in the near future will they relist the company at 10p+? food for thought and will make all this mess supension/delisting seem like an extraordinary plan.

genuine question in regards to market makers making the price, when companies list the board make the price with a new prospectus for the company do they not? marker makers can then move the price up or down on the open depending on the liquidity. got to say that is a really good question saxxon and something I did not think of. if they do get funding under a new listing then the price can be set substantially higher than 4p. imagine them getting funding at 4p now if the company came out of suspension it would struggle to go up 10-20% I would have thought.

well apart from the fact that they failed to get a nomad in time fundementally nothing changes with prg they still are seeking funding and if they get funding then they can relist and bring on a willing nomad. god knows how it has taken this long to get funding but mothae had a big part in that I suppose. why oh why did they not just stick to ITGT funding for lemphane, mine would be in production and sp would probably be double figures now

disapointing but not over yet if they really are in funding talks then hopefully they can close out soon after the new year. even in the notes it says they want to go into production in 2016 so just because they are off AIM does not mean they are not working.

Doing a bit of research and it seems to re-list back on the exchange all they have to do is relief the problems they had on delisting i.e. get funding/capital and a nomad. So will not be difficult for them to come back online if they do indeed get funding and as they stated "highly confident that the funding discussion will be concluded successfully in the near future". obviously take that concluded in near future statement with a pinch of salt lol

yes a complete mess on philips part in terms of timelines but as you say now they are off AIM they do not have to pay the fees and now have how ever many months they need to close out funding with no pressure. I would not right this off just yet. they are still in funding disussions and if they finally close it out in the new year then it would be easy for them to relist fairly quick I assume. good luck all

Delist from AIM But update seems positive still looks like they are going to close out funding so hopefully in Q1 this relists again.

wrong again if they de-list on AIM they can just relist on a new exchange, you will still have your shares just means it might take alot longer to play out.

yes holee the nomad resigning has screwed prg unless ofcourse they have had a new nomad lined up all along? and as you say BZM was put in suspension for a long time until they sorted there re-financing, I remember that because it went up 500%!!

the lender will not default loan is unsecured

yup they can stay in suspension until they get funding probably philips plan to being with but they will need a nomad and rules say 30 days. it is possible there is a tiny bit of leg room for them to get a nomad and 30 days might not be the final date.

'irritating on these boards sometimes' Yea and do not forget people that out right lie. aka Chauvelin

big news today could hit 2-3p+ on that priced to go bust before this news

priced to go bust not anymore

will bag on this easily

so they dont have to pay the $4mil and they might get costs covered? is that right?

the link bigbite provided clearly shows the cost of listing..... it is no more than a couple £100k also listen one of TW recent bear casts he says a few £100k there. stop making stuff up

chauvelin you do not know what you are talking about look at the PDF file bigbite linked, it is a couple 100k max. You seem to make alot of stuff up and believe it to be true