Member Info for slowlyslowly

If that's the case, why did he try to list Couer in Singapore then, Oils?
You're right about one thing: We don't know what his plan is, or why his involvement here. But we can assume he got involved for a reason, even if that reason isn't known to us. What's your explanation for his initial investment, his subsequent open-market top-up, his over-subscription in the open-offer, and his purchase of the warrants?

It has cash at bank and in hand, and an intangible asset which is its stock market listing. That is "worth" whatever another company could save by not having to go through the IPO and listing process themselves.

Which scenario, exactly, Rat?

Dan, yes, that's a fair point. This does represent a set-back to their plans. But the key is that it's a set-back that was fully resolved by the time they told us about it. In fact, is it not astonishing that they have been able to close the deal on fresh placed funds at 7p when the share price is currently +/- 5p? If they had to find a new buyer, or persuade an existing buyer to stay in, is it not encouraging that they agreed to do so at 7p with their eyes fully open as to the premium they're paying?

Not necessarily, Dan.
1. We don't know for sure that they had a buyer prior to the EGM - they never said that. After the GM they said "the Fundraising will now proceed to completion." That could have been a formality, as they already had a buyer, but it could well have meant that they were now going to finish the fund-raising process they'd started provisionally.
2. As for other investments, we know the plan is to identify assets to buy, pay a retainer, then raise funds to buy them. They've not committed that those will be at any particular price, and we also cannot conclude anything about how willing people would be to invest once the asset is named and valued to them. Indeed, from what you've said, (issues of scale aside) you could even be persuaded to invest here if clear plans for profitable expansion are known.

Just to clarify: Buyer unknown _to us_. But the announcement is to say that the company knows who's buying.

So, they've managed to raise all the 8,033,713 shares they wanted to raise following authorisation granted at the GM. They've found a buyer.

Crunching the figures a little:
4,049,311 will hit the market tomorrow.
Of those, we know that Zark are buying 2,148,000. That leaves 1,901,311 with an unknown buyer, but also at 7p
The remaining 3,984,402 will trade by the end of the month, simply pending receipt of funds - again, buyer unknown, but also at 7p.
Tomorrow's 1,901,311 represents 3.5% of the shares in issue as of tomorrow, so if it's a single buyer we'll find out.

The word "temporary" is irrelevant. Look back through other RNS issued by the Exchange when they suspend a share. They always use exactly the same form of words

"Trading on AIM for the under-mentioned securities has been temporarily suspended from dd/mm/yyyy 7:30am, pending X"

Suspension is always temporary. The Rules say that they delist if suspended for 6 months, so no share's trading is suspended permanently. Suspension either ends in resuming trading or in delisting.

All is calm. No more price movements. No reason to ramp or deramp. We all just wait for the next news - hopefully not too long.

I was the one who observed that the NEX rules appear to say 8 months to suspend after becoming a cash shell, not 4, which would mean an extra two months to trade there.

And indeed, I checked and on the NEX announcements page there was no announcement for BOU.

That said, the NEX page for BOU on this site is showing the bid and ask both as zero. And if you want the definitive answer, it's https://www.nexexchange.com/member?securityid=18015

To be honest, it would be a nightmare if we could suspend on one exchange but remain open to trade elsewhere; it would also leave open people trading shares privately off-market.

If there is a transfer to alternative exchange, I don't believe it would be to drop AIM and just remain on NEX. It'd be to the main market.

All we have to do now is wait to find out.

I thought there was a minimum market cap below which it's not possible to short, and that we'd be below that. Or is that not right?

Probably, but it's totally irrelevant. What matters is the market cap, and how many shares the market cap is divided into doesn't make the least difference to anyone - new or existing holder.

https://i.makeagif.com/media/6-29-2018/c588cM.gif

Last 5 minutes.

Not 100 bagger. I think the number of shares is the number of bags. So it's a 22 bagger.
Which makes 9,572,211 trade all the more exciting. Target price of £1914.44 per share anyone?

As am I

Those still waiting to join in have 2 hrs 30 mins left to do so.

Ah, I thought you could see the 5 best offers on the bid and ask sides of the orderbook. Yep - another one gone through. Hoping this'll break out soon.

Buys now up to 34m after another 6m buy at full ask.
It'd be fun to have L2 and see what how much more is on offer at 0.02 before the ask starts to move up. Sadly I can't see that, so I'll have to wait and see what happens next.

Yogi - who knows, but doesn't look like it. 32m sold in the first couple of hours today. Since then, only buys, gently pushing up the asking price. Those are now up to 28m. Only 4m more of today's sells available to buy, and then they'll need fresh shares sold to cover the buys.

I think it's been running for some time, Yogi. This had a good run of time at the 0.03 level, but about the end of August dropped to the 0.02 level. It's been at 30% discount since then.

Meanwhile, in the past couple of weeks, there have been many attempts on this board to rattle the confidence of long-term holders, as people fain confusion and spread misinformation. I believe a lot of this has been an attempt to trigger people to sell so as to create a lower entry point. It hasn't worked. Those who still hold appear to have settled on their level of risk and are in this to the end.

So I don't expect the last 4 and a half hours of trading to do what deramping has failed to do, and get those folk to sell their shares. So I don't foresee a further drop today. I may, of course, be wrong.

If anything, I expect the reverse. If there are lots of people waiting in the wings for a price drop so they can buy in cheap, that means there are potential buyers out there who have been biding their time. As the deadline ticks closer, and it becomes clear they won't get a further markdown, they have 4 hours to decide if they wish to buy at the current level instead. That could trigger an early ending to the '30% off sale'; enough last-minute buyers could push the price up as market makers need extra shares to meet the demand.

We'll see. Hours left.

And of course there's no difference between 4.31pm today and 7am Monday. "Suspension" is shorthand for "suspended from trading", and nobody can trade between those two times anyway.