RE: RNS Re Nomad1 Nov 2018 18:35
Well to put it simply, the NOMAD has a regulatory status, and is responsible for ensuring that an AIM company complies with stock market rules, and without a NOMAD trading will be suspended.
It could be that in this case a suspension would be advantageous, but the firm will seek to appoint a new one before suspension occurs. The plus side of suspension is that shorters are locked out, the downside is that you can neither buy nor sell shares.