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Excellent timing!!
Just wanted to state that the message I posted earlier is MY OWN OPINION only.
I was invested in this share when it rose from around 0.4p to 3p and then sold out - think I posted back in 2019/20 "too much wierdness"
Good luck to all holders but I think you should view this petition very seriously
Spot on! - Gowlings simply wouldn't have issued a petition without being 100% sure the debt was due to them.
Many years since I was involved in this line but, now the petition has been issued, EUA will have to apply to court for an injunction against the WUP - this will require them to both prove the debt is invalid AND provide a declaration of solvency.
Once advertised in the London Gazette the bank account(s) will be frozen making day to day operations extremely difficult, if not untenable.
Also, other creditors could "piggy back" the WUP (substitution of service) and exacerbate the demands on current cash flow - a snowball effect of creditors continually lining up one by one with the same insolvency threat
Spot on! - Gowlings simply wouldn't have issued a petition without being 100% sure the debt was due to them.
Many years since I was involved in this line but, now the petition has been issued, EUA will have to apply to court for an injunction against the WUP - this will require them to both prove the debt is invalid AND provide a declaration of solvency.
Once advertised in the London Gazette the bank account(s) will be frozen making day to day operations extremely difficult, if not untenable.
The bank will automatically freeze an account once a petition is advertised - would imagine that an RNS would be absolutely necessary should that be the case
I searched the London Gazette as well - nothing there. Perhaps the petition has been issued outside of the UK?
The petition is against EurasiaN mining plc - different company?
LOL - sorry, thought I'd read "she would be presenting" and took that to mean a speech
Will Fiona's speech be online?
Maybe presuming we'll open at 7.9p (which we won't)
Nice 13m buy t .32 just gone thru!
KUUR was bought out by Athenex in 2021
https://www.ipgroupplc.com/media/portfolio-news/2021/2021-05-05a
...it was a solvent liquidation so probably the owners just wanting to pull out any remaining cash etc (and maybe the intellectual property?)
changed name to KUUR Therapeutics Ltd in 2020 and then went into liquidation May 2022
https://find-and-update.company-information.service.gov.uk/company/05620555
Any basic entitlement not taken up will be put into a "pool" - the balance of that pool will then be passed on to those wanting extra shares. I would imagine that they'll put in a "cut off" point - eg those wanting more than 150 extra shares get nowt
AIMHO
Any extra allocation will only be achieved as a result of any investors not taking up their basic entitlement
It won't be new information on Saturday if they RNS at the end of this week!
Cheers Sureasblazes - I agree with what you say and, if true, Sandeep owes some explaining to NCMs shareholders.
It really does look like it's a case of SD having being underestimated - just don't want to get carried away as this share has been a real rollercoaster!!