Member Info for SmoothOperater

Not expecting news until a few months after the AGM . All looking good for RTO

Jim McColl did not invest £250,000 into AMGO , he was appointed as a board consultant in May 2024.

A capital raise of £250,000 did take place in March 2024, but it was arranged by Peterhouse Capital through a share placing, which would help fund the costs associated with the reverse takeover process​.

Hi Mooch,

Yes I don't disagree, my working assumption is a premium RTO on a premium listed company but of course it may not be the case.

Good luck

After the RTO this will have a minimum of £30m MCAP just because it's main market listed.

Feels like this is going to Pop again soon.!!

Today's RNS was another chess move towards the RTO.

They knew this move had to come and hence the director appointment last Friday was instigated.

The article below is from 2023, Alba Bank has a restricted banking license, typically it takes 12 to 18 months to secure a full banking license and then it would become a RTO target.

Now he's taken a directorship the RTO is going to happen and it's main market listed, so the minimum MCAP will be £30m , today it's £3.75m.

That sounds like Alba Bank.?

Wind down nearing completion, this is another chess move, still feeling it's a few months away

Not expecting any news for a few more months or until Alba Bank has been issued full banking license.

I'm logged in on my wife's account by the way this is Bebeto

My suggestion is a prudent one but it really doesn't matter what I suggest the ball is firmly with the FCA.

People sound like Caracal Gold has only just missed the deadline, this extensive delay is a serious matter.

I see people were pumping Alba Bank as the main RTO target.

This is a good possibility but Alba Bank is currently awaiting the final stage of its regulatory process to obtain a full banking license.

Currently it's has a "restricted" banking license, which allows it to operate with certain limitations while the Prudential Regulation Authority (PRA) and the Financial Conduct Authority (FCA) conduct further assessments.

Once it receives this full license, Alba Bank will be able to operate fully as a bank and could potentially become a target for a Reverse Takeover (RTO), especially if they aim to expand their services or if they attract significant interest from investors looking to capitalize on their SME-focused business model.

As this is main market listed and in order to keep the main market listing, any reverse takeover/ merger would have to leave the post-RTO entity with a market capitalisation (MCAP) of £30 million plus.

I very much doubt there will be any RTO news announced until the wind down is completed, at the earliest.

As this is main market listed and in order to keep the main market listing, any reverse takeover/ merger would have to leave the post-RTO entity with a market capitalisation (MCAP) of £30 million plus.

It was definitely being pumped by a small group but if they were holding around 30% of the share count it might have dobe a few hundred percent in either direction.

Better to dollar cost average in on something like this or just wait for the RNS before committing larger amounts.

The MCAP here is only £1.28 million and if (which is a big if) the manage to identify a £10 - 20 million worth target company, the 10 - 20% pumpers are going to be wishing they stuck around.

Super high risk as always with these opportunities but the potential rewards could be life changing returns for some without pumping & dumping.

Today's volume is 0.5% of the entire share count, it's not exactly a pump and dump the share is extremely volatile and ripe for a RTO looking at the MCAP & share count, I'm going to add a lot more here!

Possibly so!!

The free float looks to be tiny could get really volatile next few weeks.

Expect most shares are in sticky hands which could force the price up to a newer level.

The recent CLN fundraise and structure does suggest that the RTO process is in the final stages of getting the administrative and legals in place along with the company expecting the post-RTO share price to be much higher.

All the ingredients are there for a decent return here, enjoy the ride.