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Just guessing, but I am aware that there is at least 1 group taking legal advice/action against certain members of the board, plus several official complaints make to the FCA (see my previous post), so wondering if certain board members are starting to think they may be in a legal predicament.
As said, just a guess!
I would think that there are many directions our money has gone, almost 100% down a black hole where it is being or has been hived off. The problem is that the FCA are either totally incompetent, don't give a dam about shareholders, or both, as proven my them totally ignoring 2 direct official complaints from myself, without even an acknowledgment.
Unless there is further news being leaked, the sp will drop from the current high, as it is a traders share at the moment.
As I am not a trader, I am quite happy to ride the ups and downs of this share, in the confidence that the company will either follow through to profit via its technology/systems directly, or sell the IP and patents to a third party. Whichever route they take, I am sure that I will profit from my investment.
This share is so far under the radar, that you wonder is a thick seam of gold, and a several Cullinan size diamonds were found, the SP would still not move.
I appreciate that when (not if) tin and the other metals mentioned start leaving the mine, the SP will zoom upward, so not worried, just somewhat puzzled, as surely now is the time to get into this share.
If I had a few quid spare, I would be increasing my current holding.
Good post deckchair66,
There is/was a group of NNN shareholders that were looking to go down this route, but as only having a very small number of NNN shares, I did not want to risk throwing good money, after bad. I think, they were looking at a few hundred quid to join the group
Hopefully, this group did get enough investors to sign up, and any future court action is successful.
One of the best lessons, regarding the behavior of board members is, if the company is on AIM, they can probably get away with almost anything.
As for the FCA, they are as a watchdog, as useful as a Rottweiler with no teeth.
The Syrup,
Fully agree what you say, but surely there is a rule/law somewhere that says shareholders can't just be written off this way, otherwise whats to stop other companies doing exactly the same, then coming back as a private company.
The phrase, 'It stinks to high heaven' looks to be very apt.
As I understand it, a company can't just de-list and then go private if part or all of it still has any valuer, as shareholders are shareholders in the company and are therefore entitled to a share of the companies value, even if that value is only from any assets either current to the de-listing date or/and on total winding up of that company.
Mind you, nothing would surprise me on the AIM market.
And You.
Ritz,
As I understand it, it's all down to any government dept being utterly broken
1 Companies house appears to be late in any updates (probably all working (sic) from home.
2 The FCA no longer appear to even acknowledge any complains (made 2) also working (sic) from home.
3 Re change of address, presumably they don't have to give a reason because who in any gov dept cares.
4 Yes, as far as I know, still going under, but can't confirm as again, no gov dept appears to care.
Wish i could give a more detailed reply, but the country no longer works for, or cares about private investors.
regards Rooky
Hi Jimmyman,
I appreciate that you have not engaged for weeks, and that it can be difficult not to post putting people right by a balanced post. My post was from the frustration caused, as this thread used to be a grown up one, but for years now contains a playground mentality by many.
Keep posting your informative and balanced post perhaps without directly answering the playgroup members.
Killjoy,
"I have no idea why people engage with these idiots".
I often wonder myself, as to engage,only serves 2 purposes.
1 It stokes the fire that keeps these people posting. ( don't fuel the fire, it will eventually go out).
2 Responding spoils the thread, almost as must as the posters actual posts.
Oogleflugal,
With the small number of trades daily, it shows the company is well below investors radar.
I am sure that if the company continues making progress as is it's current form, this will soon alter.
Since my last post, there has been 11 posts, all with the message, 'This message has been filtered'.
A suggestion to all......If any poster continues to wind you up, try the ignore button, it's bliss, plus it makes this thread a far better read.
Even if you put someone on ignore for 1 week, you can always un-ignore them if you find that you miss them that much!