Member Info for roger65

This is the last substantive missive from the company on its current situation - from just ten days ago.

There is no guarantee that an equity financing will be achievable and, in the absence of any additional financing being available, the Board would have to take steps to preserve and maximise value for its creditors and should the Company fail to achieve a solution in the short term, the Board would have no option but to place the Company into administration. In this eventuality, it is not known how much, if any, value would be returned to shareholders.

'Why bother to settle with Tesla if you were going to go in to administration?'

Actually if Tesla knew CPX was heading for administration anyway then there would be no point in them pushing for any kind of payment knowing full well it would only be a matter of days before the company goes under. Now I've tilted back towards thinking the only thing that can prevent a share holder wipe out is Dr C having a plan up his sleeve. Really thought we'd have an RNS by now beginning to explain the lie of the land over the next few weeks. Hmmm hope I'm not going to regret not selling earlier this morning after that first RNS.

Could be the next day.

As I've said, before trading is allowed to restart the new Directors MUST publish audited annual report and accounts for last year. From the RNS back in Sept 2023...

The Company's audited financial results for the year ended 31 March 2023 ("FY23") are required, pursuant to the AIM Rules, to be announced by 30 September 2023. Based upon recent conversations between the Company and its auditors, the Company will not be able to publish its FY23 Annual Report and Accounts by this date. The Company's ordinary shares will already have been suspended from 28 September 2023, but such suspension will therefore remain in effect until the Company has both (a) published an admission document in respect of an AIM Rule 14 transaction, but also (b) having published its audited FY23 Annual Report and Accounts, in accordance with AIM Rule 19.

We need a little red dot for this before anything imv

Anyone else think these shares - 'The Company also announces the issue of 1,630,612 ordinary shares of 0.25p each in the Company ("Ordinary Shares") in lieu of payment of certain creditors to conserve cash within the business.' - may have been put aside for the former directors? they must have been persuaded to let go of the company by some kind of offering from the new directors. Perhaps they were given an indication of what the plan was and felt the chances of success were good enough to forgo their last salary cheques and take this tranche of shares in the new entity. Don't know but if this starts trading again those shares won't be worth much to them until the share price is well north of 3 or 4p. At 4p they'd get about £33k each. Doesn't seem much does it?

Or were those shares for Zeus in lieu of fees? My mind is racing....well, as much as it ever does these days!

Sorry, i don't mean re-listing, I meant unsuspended.

It happens....once in a while....

I have over £10k sitting in this so I am rather on tenter hooks to see what is in store. Depending on what is to be proposed it will be hard to stay away from the sell button once it's past 1p but a part of me feels I deserve more than a couple of £k profit just for being patient (not that I've had any choice).

If it is Bodycare then I will be quite excited to see what transpires.

First of all though they have to submit audited accounts. Can't do anything about re-listing and getting trading going again until that box has been ticked.

Saintsmith - why bother with anything if it's going to be delisted?

This activity suggests something is about to happen. We just have to hope it's positive news for those of us locked in and that trading can begin once more so we can start to make choices as to whether or not we sell, hold or indeed buy more shares in what ever the entity it is being proposed.

Personally hoping for Bodycare rto and Zeus to manage an IPO for about 17p. There, not after much am I?!

Lol I really can't wait to read sharebel's response to this post.

go on sharebel, enlighten us all. pmsl

You’re assuming Tesla would pay a good price though. CPX is on its knees and is in no position to bargain. I think it’ll go fairly cheaply and fairly quickly. .75p is my bet

I do hope so. My patience wore thin before Christmas!

Mms scrambling like mad to get hold of shares. Why?

Price to sell £5k is .2726 and NT to buy. That's on HL

Still cant' buy anything meaningful on HL but can sell £5k in one go.

MMs need shares but they're just not playing ball today with this. I get the feeling they don't want to be out of control as they were when the intra day RNS landed. If an RNS is logged they will take the lift the lid fast and we'll know something major is due

Oh disco you utter twat. Why do you bother? You're so f..ing transparent. In the bin.

HL are hopeless today!

Can sell £3.5k for .26p but can't buy any at any price. Really infuriating that they lose their clients opportunities like this by being so slow

C'mon Dr, give us your diagnosis, swiftly followed by the best remedy pls

*out bid

Is the IP they own any good? er yes. Will the compnay just be allowed to go under? I doubt it. Tesla might be waiting for it to go into admin but I have a feeling that's why dr Cooley has built up his stake - and who knows who else might be working with him - so that he can make an offer to take it on. Might not be a very high offer but if it meant a share price of .5p and that was accepted then if Tesla want it they have to make a counter offer and of course they can out bit Dr Cooley any day. They may have to pay 1p for it. Or even 1.25p.

the IP is too good to be left on the scrap heap.

Same again. Was momentarily offered .29 p to buy £3k and pressed the buy button but it wdn't go through. Now NT

Mms are struggling to get control it seems.

No I don't, I'm just going on HL lack of any offers but happy to take large number of shares off me in one go.

Something is happening for sure and I don't know if it's just mms or there is a leak - and I don't often say that kind of thing!

Yep it's taking off again