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cameron parry stated in the rns that he is expecting a 3-4 month timeline. I have seen it done in two with good service providers. If you include an expectation of fund raising as well, then they have to find someone willing to support it, this could add to the timeline by a couple of months.

not the fund raising part - they need to demonstrate that they are funded for at least 12 months following the date of the listing. After costing for this and what they have been spending on salaries etc so far, they will not have enough for a year. Again, could be up to 6 months. I do wish you would stop being childish in your responses.

993444 - from that document... six to 12 months prior... Consider whether to conduct pre-flotation fundraising � Decide on the method of flotation � Hold a beauty parade of advisers. ........... The section you refer to says 6-12 weeks, however they will need to organise some funding, as they are not able to demonstrate 12 months of working capital, after costs of doing this. The fund raising bit is in the 6- 12 month section. This is why I estimate upto 6 months.

tks.. this flow diagram will assist anyone understand the mechanics around this type of corporate transaction. https://www.burges-salmon.com/-/media/files/publications/open-access/aim_companies_corporate_transactions_and_the_aim_rules_for_companies.pdf

Where shareholder approval is given for the reverse takeover, trading in the AIM securities of theAIM company will be cancelled. If the enlarged entity seeks admission, it must make an application in the same manner as any other applicant applying for admission of its securities for the first time. http://www.londonstockexchange.com/companies-and-advisors/aim/advisers/aim-notices/aim-rules-for-companies-march-2018-clean.pdf They would not have to produce a listing doc, if they simply had to comply with a couple of aspects of rule 14. This is a full and expensive listing document, that has to go through the full process, which takes anywhere from two to six months, depending on the quality of the service providers used.

not sure why the post was removed, it is a factual post regarding balance sheet strength and the expectations prior to relisting. lion had about �500k of capital prior to be suspended and the costs associated with relisting, they will need to raise fresh capital to actually get relisted.... The AIM rules require a statement by a company's directors to be included in the admission document which confirms that the company has sufficient working capital for a period of at least 12 months from the admission date. The company's Nomad will therefore require a working capital report to be prepared by the company in conjunction with its auditors. Lion, at present does not have 12 months working capital available, so there will be a caveat in any listing document that states that listing is conditional upon xx being raised. They could always try debt funding, so they have options.

I note that the site offering a list of current gold back cryptos, prospective cryptos and those in development (goldbloc) now includes a section for failed/closed gold back crytpo's that didn't succeed at all and have dissapeared already.. That section has nine failures so far and one with status unclear. This is a new addition to their site, which wasn't there a short while ago, so some of the expected enthusiasm wasn't there. http://www.goldscape.net/gold-blog/gold-backed-cryptocurrency/

proves you do not read the posts, that is what I have alluded to - 3 to 4 months.

an example - fastnet oil and gas announced that it was in advanced discussion to take over another company on 22nd feb 2016 and suspended the stock. They announced the takeover and name changes shortly after and relisted on the 19th april 2016. It took them two months and they did it correctly and were better financed, with players that understood the process on the board at the time. Three to four months estimate by cameron would be about right, assuming they have no delays and can achieve what they want during the process. If it goes over six months, then like all others that have done so, it will either never happen or be closer to a year.

nope you do not know what I do, all you see is posts on boards and nothing else.

this is not about moving the market, it is not about calculating the exact number of shares subject to a lock in (i assumed most on here can subtract and read an rns). It was a post in response to someone else claiming that all TRAC holders were subject to a lock in and nothing else. You have turned up, seen the latter stages of posts on the subject and made assumptions, like the ones you make about me, when you have no clue who I am or what I do.

993444 - the other 450m shares were not involved in the takeover of trac, so are not given consideration in the topic at hand, as they would not be privy to the discussions taking place surrounding the takeover - people like you for example.

993444 - go and look at the confirmation statements in TRAC. You will see some holders held 3, shares, four shares, seven shares, eleven shares etc. They issued a further 1058 shares in 2017 taking it up to 2294 shares. Some of these holders held less than 0.2% of TRAC. The shares issued in july 2017 in trac were at 242.72p each. This �3m valuation lion put on the company, gave them a look through value of �1307 per share. Someone holding 3 shares, which were given a value of �728 based on the share issue in 2017, has been given the equivalent of �4k's worth of lions shares, which is a miniscule amount in comparison to the shares in issue in lion. Chances are they sold them. It isn't difficult to see that holders with such small TRAC allocations, will have booked a good profit by selling the lion stock as soon as they got them.

993444 - This topic came up because someone said that trac shareholders were subject to a lock in. I pointed out that it only applied to three of them and the rest were free to sell at their leisure - at least during the week the stock traded for when it shouldn't have. This had nothing to do with lions total shares in issue or the percentage.

it is the truth 993444 the rns clearly shows it. you cannot prove beyond any doubt that shares were not sold, so it is not a stupid comment. Merely insinuating that it is, is stupidity in itself. Sales volume from the 27th to suspension amounted to about 25m shares. A number of shareholders in trac had smaller positions and will have been able to sell as they will have not held that many lion shares. you are suspecting most sales were traders, yet you accuse me of saying stupid things. You state that they are not traders, yet you do not know either - talk about hypocrisy. They had a fundamental change of business and the stock should have been suspended the day the takeover was announced. The nomad will have been aware of this and should have advised accordingly. There was an execution of warrants three days before trac filing showed the name change to goldbloc - a whole week for those wishing to sell warrant stock and trac holders not subject to the hard lock in, to exit. That week of trading should not have occured and well they know it. You cannot prove they didn't sell, I cannot prove they did, however, you cannot deny that the situation did not exist, because it did. This should have been suspended the day the takeover was completed, so that none of them could have had the opportunity to exit and those executing warrants couldn't have flipped the stock. why would a trac shareholder swap shares and sell at par - jeez it is obvious even for you. They swapped non listed, hard to sell shares in a loss making venture, for listed shares with an active market, they could then sell their stock and get cash into their hands far sooner than they had initially expected - perhaps they have another opportunity that they need the money for. It isn't difficult 993444, human nature, they got a chance to exit now or continue holding - how many players exit positiions they have been in for ages, when the chance arises - most of them.

come on now covert - do not forget to comment on the rest of my comments surrounding this topic - I do believe the next post I made gives a view from the other side.

of course, for balance, during the suspension, many positive rns's may be issued, which will ensure that whatever price the stock re-lists at, it climbs on day one and stabilises at a higher level. This allows placees to sell and book a profit, then move onto the next ipo/relisting situation. Holders such as yourself would, with any luck be in profit as well.

I have seen plenty of stocks, suspend at a price, relist at a much higher price, however, it has gone through consolidation and a new issue of stock to raise cash as well. Holders have then found they hold less stock, priced higher and valued at about the same as it was when suspended. The stock then tanks after relisting as annoyed holders sell at the first opportunity, followed by a stabilisation at a lower level. As long as the company story is valid and they communicate results, then the price will climb and holders such as yourself can exit with a profit, albeit further down the line, than initially anticipated. This all requires cameron and co to get it right and the market to actually see take up on goldbloc. If not, then this will go south very quickly and stay there when it relists.

teasybee - it has got nothing to do with losing faith and panicking - it is not a religion. They will have been presented with the opportunity to take cash out now, rather than continue to have it locked up. Before, they did not have that easily available option, between the 27th April and suspension, they did. Some will choose to exit, because they can and will have cash in hand, virtually immediately.

If we take the number of shares in TRAC and divide by the number of shares issued, then we would get the number of shares issued to each TRAC holder in lion shares. We could then look at the filings on companies house, see how many TRAC shares each holder had, then multiply up, to get their respective lion holding. You could then look through the trades from the 27th April onwards and look for trades that match the holdings you have calculated. Not an exact science, however, it may show up some trac holders exiting based on share trades sizes on the market, matching calculated holdings issued in lieu of trac shares.