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Baloney! As you say, you're no lawyer.
Read the Circular. No ownership or responsibilty rests with PFP except oversight of the Acumen contract on behalf of Pref shareholders.
On the contrary, the new director is good at forming companies, adding assets, developing them, before selling on to bigger players.
I'll take that fiver oldblue.
I can't conceive a circumstance where failure by Acumen could directly lead to PFP being wound up and you should stop peddling baloney.
In the event of any such final failure by Acumen, the only losers now would be Acumen themselves and the entitled Pref Share holders who, right now, have a chance of a considerable payout but who must already understand that it might also be a 5-year road to nowhere.
IMM is now owned by Acumen and, in such circumstances of deemed failure of contract, it would be up to PFP to decide whether to attempt to regain control. Personally, I suspect it would be the last thing the new team would want to do. For what purpose exactly?
PFP is now a clean shell with some cash and new players with a new mission. It no longer has any financial responsibility or exposure to IMM that could cause it harm so talk of of IMM bringing down PFP is just totally unfounded nonsense. Let the squirrels explain otherwise.
Further to last, Align just posted this on Twitter:
"Ref Kazera Global #KZG We are closing in now on our final tranche sale to AMS at 1.5p, taking them upto 29.99% and as announced by the Company back in March."
What many may not have seen is RJ's expressed desire to buy back in if the SP stayed at current levels as soon as this deal is completed.
Don't follow your logic oldbutnowisa. News and whether or not we get a notifiable event not will not be linked to release of the finals and I can come up with two likely events prior to 31 Dec without a second thought.
First, progress on the sale of TVI. Second, the transfer of the final tranche of stock from Align to AMS. Both of these have 31 Dec deadlines.
Per my previous, with AMS now on board via voting rights, reasonable scope for more besides, left of field could come at any time.
I see the AQSE version of KZG were marked up 16.66% late in the day, mid price now .7p, presumably on the back of that late flurry of trades
https://www.lse.co.uk/SharePrice.html?shareprice=KZG.GB.PL&share=Kazera-Global-Plc
Hopefully a sign but time will tell!
Anyone still in here is for the RTO, not the claim. That ship particular sailed a couple of months back. That's not to say that we don't look forward to a level of information flow from PFP (or NewCo) re the claim but PFP no longer owns IMM so the PFP/NewCo role now boils down to overseeing that the terms of the SPA are met. In that regard, yes, there is a near-term deadline for Acumen to have submitted their BIT claim.
Signs of RTO preparation at Companies House today:
https://find-and-update.company-information.service.gov.uk/company/02578942/filing-history
Incorporation of resolutions following approval at the last GM and, for me, undoubtedly linked to the RTO and consequent re-admission/re-funding.
Another 2 x late reported trades 10m each. Align has previously indicated elsewhere that previous large trades are switches of their accounts in preparation for completion of the AMS 1.5p Put Option to AMS.
3 x ridiculously small trades all at the same time? Some believe these are MM signals and, funnily enough, two of these trades match up with these classics:
https://www.pennystockdream.com/Market-Maker-Signals
I have an open mind about these things myself but may be a sign of something stirring.
They have until 18th Feb 24 to get it completed so still plenty of time. SP now is not related to SP on re-admission as a NewCo, it's merely an opportunity, or not, according to how we judge what little there is to judge ahead of RTO details being published.
Well, with the removal of any risk of warrant conversion removed on Tuesday, let's see if the next week is an enlightening one.
I see the company's forward NAV looks set to increase on Tuesday 31st Oct when near 40m warrants look set to lapse. y my calculations, they are the very last of the "raising days" so, especially if that's a mark of now being "fully-funded", it will be a pleasure to see them off. Just makes me wonder if their lapse might also be a catalyst for a news breakout.
T dot me no spaces
Thank you Agricore, another very welcome piece of work. You certainly must put the hours in!
link clearly not liked by lse!
try https:// immediately followed by ****/ then immediately followed by kazeraglobal (assuming lse even allow this of course).
if not, i hope you can figure another way. hope to see you there.
think this will work, digger:
*************kazeraglobal
You on Telegram Fortitude? Interesting chat there last few weeks.
Yes, I think the particular appointment of Paul Barrett, another entrepreneurial geologist, as the replacement executive director a couple of weeks before the final sale of IMM shines a light on what you say - he didn't land by magic or accident so it's the strongest of suggestions that there was already an active plan in play.
He doesn't do the City boardroom rounds, he's had his previous success privately as far as I can tell, identifying opportunities through his professional skills and thereafter selling part-stakes on to larger entities, including Shell.
Perhaps this listed company will be his vehicle to see something through to maturity. Certainly hope so, I like the feel of the new team and have bought my tickets for the ride.