RE: Pointless ramps2 Aug 2023 14:13
Correct me if I'm wrong, please, but the whole value in these shells is that they are ready to go at the drop of a hat. If there is a business with huge value that wants to list in the UK then this is what they go for rather than waiting for 6 months. The relative cost is immaterial imho. they can be on the market and trading with in 4 weeks. That means they can trade for 5 months making, let's say for the sake of example, tens of £ms each and every month. Even if they pay the small company they are reversing into 0.05% of their value (that could be multiples of current value of ITS) for the privilege it means they have 5 months of making far more than any saving made by waiting to register their own listing, which is roughly 6 months and can be longer. People here saying large companies would rather wait the extra 5 months in order to save themselves maybe £10m are talking absolute rubbish imo. Better to pay that single £10m to the shell and get themselves trading and making profit for 5 months making far, far more than the £10m which has enabled them to do so.
Of course this all depends on whether there is a large company out there that has recently decided it wants into the LSE. Judging by the speed the two new Directors moved at in order to prevent ITS being wound up - and that the outgoing Directors and Court agreed to it - means they must have something up their sleeve. As I said before, if it was totally hit and miss then the outgoing dup would not have forgone tens of thousands of pounds each on the off chance they might pull something off.
Risky yes but with the current sp at 2p it's more of a risk worth taking imho.
C'mon let's have some news on what you're planning please.