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Will the rto vote need 75%? I guess with the converted shares... Less power with existing shareholders.

Imo the rto will complete before this returns to trading. They will string it out and paint a bleak picture, we will have to vote for the rto to get anything back (which will be very little due to dilution). Bleak imo.

It's all just hot air until we see this come back... That's what they have been promising... That this will return before the RTO.... And early Feb! So let's see it... Talk is cheap.

I completely agree delta. It's misleading for ppp to state otherwise imo.

No surprises here. More delays...

I have doubts that accounts will be published and we will return to trading any time soon. Would love to be proven wrong.

But definitely the rto because that will have a lot do regulatory angles to it and RMD probably don't want to associated with all the historical issues.

Both probably tebbin

Zag, what are you so reassured and happy about? Cos it has gone straight over my head... What is materially different now to before the vote? In terms of the position of existing shareholders?

And ASI, you obviously touched a nerve, because they decided to RNS about the FCA complaint, even though they told Zag it was unnecessary.

Zag, I do clearly remember you telling me the rto was not happening yet.

So pretty much nothing as changed Zag in terms of the situation of current shareholders. Apart from you enjoyed a few calls... "you know who you are" lol.

Oh here we go... I missed this part about the rto precluding a return to trading. I think I have my answer...imo the rto will happen before the return.

"Timeline for requesting a return to trading

Following the publication of the accounts for 2024/25 along with a series of other steps required by the Company, a request will be made to the London Stock Exchange for PPP shares to return to trading on the Exchange. At the point of application, the Company will publish an updated timeline to give shareholders a better understanding of the actions required and potential timelines. Should the Company progress with the proposed Reverse Take Over (RTO) as previously announced, this may preclude the Company from returning to trading until the RTO process concludes."

From the RNS, I'm assuming there will be another vote in something at the agm...

Well that's annoying, could have saved myself half an hour listening to call as they decided to release the update anyway

ASI, according to the call, the FCA complaint isn't blocking the RNS release. It's only a preliminary enquiry from the FCA for some information while they decide to investigate or not. So I'm. Or entirely sure why ppp have decided it's not right to release the RNS about the future plans of the company this week. They want to wait until FCA responded to. Still not clear to me what the link could be between future plans of the company and the FCA complaint. I thought the FCA complaints would be about historical ppp issues.

Thanks Zag, I listened to the call. Not sure why it's not on the website. I can't say I'm reassured by the call.

If anything, I had assumed from the chat on here that returning to trading once the accounts were published, would be a given. It doesn't sound like that at all from the call. They will apply to return to trading but I might have conditions put on it.

Also not at all clear on the 30m mcap requirement? So still not clear when the rto will have to go through.

One thing is for certain, they are trying to clear the decks for RMD and the RTO. The thing they are all working towards is the RTO. Makes sense as that's who is paying them now and will be in the future.

So not sure why we have interpreted it so differently. Still sounds like existing shareholders are going to lose a lot of money and eventually power.

That's if syn can come up with any more promises...

Someone deleted my post as well. Nothing changes. Same old ppp.

That's not how it works Zag. We all hold shares and we all have rights. One share, one vote. Not that it matters because they are merely trying to placate you and it's worked. Doesn't change the outcome.