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yep absolutely correct deano. neither theory can be validated, however, it is worth mentioning, as it ensures that the possibility of holders taking the option to crystalise the investment earlier than expected is factored in, when considering why it took so long to suspend the stock and the fact that there may be less original trac holders still holding a position, albeit in lion shares.

flapping chicken - this board is rife with rampers making unsubtantiated conclusions, so my post is in line with that narrative.

between listing new shares and suspension, indicative sells volume is around 25m shares. The size of the holding that some of the other TRAC holders had, meant they would have been able to get their money out sooner rather than later. So yes, I expect they will have sold them off and moved on. taiz - no, as they are not subject to disclosure requirements, then it cannot be quantified for sure. It is based on the balance of probability, option to exit presenting itself and the fact that a lot of these shareholders will have considered this invesment significant in TRAC, yet miniscule in lion and will have felt like they no longer had much of a say and exited.

taiz - only three of them were subject to their own self imposed hard lock in. from the rns... Lionsgold has therefore allotted a total of 57,995,304 New Ordinary Shares in Lionsgold to the shareholders of TRAC who held the remaining 1,032 (45%) TRAC shares not already owned by Lionsgold. 39,506,491 of the New Ordinary Shares will be subject to a six month hard lock-in You will note that the figure of 39,506,491 amounts to the shares issued to ralph his wife and cameron. The rest were free to sell their as and when they felt like it. Which probably means they haven't got them any more.

only three trac investors have a lock in clause, the rest got to sell theirs from the 27th April onwards. from the rns... Just over 18m shares were not subject to the lock in clause. TRAC CEO Ralph Hazell together with his wife Nicola Hazell, as well as LION CEO Cameron Parry have agreed to enter into a six month hard lock-in period from the date of admission to trading of their New Ordinary Shares in Lionsgold issued in exchange for their 25.63%, 3.18% and 5.0% TRAC shareholdings respectively. ........ This is likely to mean that they are all out, having swapped their non listed stock in Trac for listed stock in lion and then exited, recovering their investment far more easily than they would have done, had they continued to hold a non listed, loss making venture. ......... Cameron and Ralph are getting paid a salary and will no doubt get options/warrants in any new entity, so they will not be disadvantaged in anyway.

depends on the provider - if they do not relist at all and dissapear then you have sold stock that you didn't own and are now unable to buy back. There wouldn't be any shares to buy back as they would be worthless. You won't be on the hook for anything. The stock will go to zero, you get the perfect short. The provider would end up booking a loss on the deal. The provider may insist that the position be closed out at price, as the stock is suspended. The provider may insist that the position remains open until the stock has been suspended for a fixed amount of time. Usually providers of synthetic products have the option to vary the terms to suit, (usually them), so worth doing DD before using a spreadbet/CFD provider.

slightly more to do with ipo, however, you will get the picture.. https://www.lseg.com/sites/default/files/content/documents/DLA-Piper-joining-aim-guide.pdf The actual flotation process will generally take three to four months from instruction of advisers to admission. However, in practice, the interval between the decision of the board to seek admission to AIM and admission itself is often a great deal longer than this, since thought must be given to matters such as group structure, corporate governance and financial controls and the putting in place of appropriate share-based incentive schemes for the employees of the company. Assuming that these matters are satisfactorily dealt with, the timetable for the flotation itself will vary depending upon matters such as whether any new or existing shares are to be offered in connection with the flotation, the offering structure (eg placing, public offer or both), whether the offer is to be underwritten, whether the offer is to be extended to international investors and the extent of any pre-impact capital reorganisation which is required. and The usual cost for engaging the above advisers on a flotation, is, in aggregate, �500,000- �900,000. As a rough guide, a company can expect to pay 10 per cent. of any money raised in fees.

the average time to prepare and publish the admission doc on aim is 3 to 6 months. This is well known. It is not the amount of work, as a lot of it is cut and paste from the last one, along with company updated info, it is the time it takes to discuss with legal, nomad and anyone else that needs to do their bit. Lions document won't be the only one they are all working on. This is not a quick nor cheap exercise.

I am glad that I am out of this stock. It will be suspended for at least 4 months, probably more. They will restructure this in they way that suits them and the company. They will do alright out of it, as they are all drawing salaries every month, whilst your money is tied up in it. You cannot take advantage of any positive or negative news that is released. Those funds of yours are marooned in this stock until they decide to let you know what is happening. Do not be surprised if there is a large placing in this admission document, when it comes out, with a corresponding collapse in the share price when and if trading resumes. I will be watching this over the coming months, as there may be an opportunity to trade the stock or not as the case may be.

keep your eye on the downside - the upside usually takes care of itself, anyway, I will be keeping this on the watchlist, so I can see what happens - may make a good trade nearer christmas, if it relists.

as said somewhere else, they could split the company, hive off the goldbloc, railsbank investment and gold storage business into a newly listed entity, leaving existing lionsgold holders, with the mining assets only. Lions gold would have a complementary holding only in the newly created entity, of which cameron would be heading up. He would then resign his position in lion to focus on the new entity. Lion would then be unable to raise finance to fund its mining interests, would sell off its holding in the goldbloc entity and eventually delist, after cameron has jumped ship - wouldn't be the first time this has been done. no guarantees obviously, however, just one scenario.

djwall1s - far from it !!

assuming cameron turns up and doesn't cancel.

any news that should be rns'd will still be rns'd even though they are suspended. It is still listed in that sense and subject to the rules. Unless it delists then it still needs to be publishing news, as it happens.

do not be sure on that flappingchicken. They can announce a piece of news you do not like and there will be nothing you can do about it. The investment case may be the same later on, however, the structure of the company, shares in issue may be vastly different if and when they publish that prospectus.

Lionsgold's ordinary shares will remain suspended until the Company fully complies with Rule 14. This process is expected to take three to four months to complete. Further updates will be provided as appropriate.

nope - they were kolar gold, a mining exploration company, changed its name to lionsgold, still a mining an explo company, then branched out into crypto and gold storage - suspended, still doing the same things as they have done for some time. I would say that the only reason for this, is the fact that the ownership of TRAC now overshadows the mining aspects of the company and that it should have been suspended a while back. The mining assets used to be centre stage here, however, now they are not and the crypto and gold ventures are seen as the primary business now.

that is the minimum - these things tend to take at least six months and you have to ask the question, why was this not suspended some time ago. I posted the name change to goldbloc on this site on the day the information was available on on companies house website. That was eight days ago. How many knew and got out on the recent uptick in the stock - knowing this should have happened. The BOD should have known to suspend the stock. They state a fundamental change of business - well, I see no fundamental change of business, apart from TRAC changing its name to Goldbloc ltd. There is more to this and retail investors who are not in the know, rarely do well out of it. They have put a positive spin in the RNS to keep the wolf from the door. This will, like all other aim outfits that do this, tank on relisting, or be delisted completely as they will cite some technical reason they couldn't complete the legal requirements of the process. If it does relist, then there will no doubt be a massive fundraising and hideous dilution that will wipe most of current shareholders out - directors will get options and salaries, so they won't be bothered by the share price affecting their holdings. Lion had about �500k in its coffers - that will be spent on a readmission document, plus salaries - they will struggle to get cash in now, especially as they have no revenue whatsoever.

note the black horse on the wall in the background - bit like the lloyds bank logo

tks dee, just found it... On June 22, 2016 both parties agreed to terminate the Agreement of Purchase and Sale https://seekingalpha.com/filing/3436051