Member Info for Ssccss

Quick, vote yes! Earlybird is obviously an authority haha.

And they are pleased the accounts are looking cleaner and more presentable at the moment? I should hope so seeing as no business has occurred. Do they want a badge? That's basic. Embarrassing.

There was absolutely no recognition of the fact they haven't fully informed us of the details before we vote...apart from the strange comment about not wanting to release good news to encourage shareholders to vote in favour. Any thoughts on that?

My concern is that Roland doesnt need to win the vote in order for SYN to delist, the sale to Selan just needs to go ahead I think and then if SYN dont invest in a new business with the money, they will be delisted from AIM.

Zag, was there something in particular you liked about the call, that you wanted to draw my attention to?

Does anyone have an opinion on the fact they referenced Delta's post and the information he found?

"In 2013 a company called PTO, listed on the ASX, purchased the Limnytska licence for around $3m:

However they failed to get the investment required to develop the license and sold it in 2015 for the nominal sum of $1.00.

https://announcements.asx.com.au/asxpdf/20130404/pdf/42f1t344r49lr9.pdf

https://announcements.asx.com.au/asxpdf/20150821/pdf/430pt8ns4bk9qk.pdf

Note PTO became Cossack Energy which became Galicia Energy Corporation.

Some interesting slides here:

https://announcements.asx.com.au/asxpdf/20130715/pdf/42h1scmzfczr52.pdf "

I assume Roland will have got republic on side somehow. Wouldn't surprise me if they vote in support.

Yes zag. I can't believe they referenced deltas research haha. And as for the whole ppp has a bad reputation because it won't pay back shares.. It's nonsense. After the rto, ppp won't exist.

That's probably what it is townman. Changing the meeting description seems to have reset the voting forms and mine was showing as not voted. It did say I didn't need to vote again but being sceptical, I did vote again just to make sure and get another record of it.

Jack, shareholder rights are important and should be protected. You have essentially voted yes to something without ppp having given you the required information for you to make an informed decision. That's just throwing away your vote, your rights and your power.

I do hope everyone has checked their voting forms today. I dont trust ppp at all.

It will be less than 5%. If you are so happy to walk away with nothing, why are you voting yes and letting ppp walk all over your rights? Doesn't really add up.

Leddenjack, it's probably dodgy tactics from ppp. Nothingw would surprise me at all.

There's endless info available about RTOs... If you have voted yes without reading about them, then that's disappointing.

However, if the yes vote wins, you will see it first hand. Don't say we didn't try and inform you.

Https://www.sfu.ca/~mvolker/biz/ipo-rto.htm

An RTO (Reverse Take-Over) allows you to take a short-cut in going public. All you need to do is to find an already public company which has fallen on hard times such as a mining company which is inactive with virtually no assets or liabilities. Its real asset is its listing status. Let's say that MP Resources Inc., an inactive mining "shell", has 10 million shares issued. It can be "taken over" by your Company, Supertech Inc., (fictional names) by issuing, for example, 90 million new treasury shares. The shareholders of Supertech now effectively own 90% of MP Resources and hence now control MP. This is often referred to as a "back-door" listing because you can escape some of the red-tape associated with an IPO. The VSE (which is self-regulated) and not the Commission (which is a government body) typically calls the shots with RTOs.

Has everyone checked their votes because I just logged into my voting mailbox on ii and it said u had not voted... This seems to be due to a change of meeting type?? I voted again. Very peculiar. I hope everyone has recently checked theirs.

One major positive of an rto for rmd -

"Preservation of Control

Many private company shareholders can better preserve control in an RTO than they would in an IPO. In an RTO, the private company’s management will generally retain more voting control and be subject to fewer restrictions on their future activities.

In contrast, in an IPO the underwriters will often impose lengthy lock-up restrictions on insider selling, sometimes lasting 180 days or more. RTOs typically include more flexible lock-up arrangements that provide liquidity to founding shareholders and early investors sooner, while allowing them to maintain control of the publicly traded company."

"Letter of Intent & Initial Agreement: Once the public company is found, both parties sign a letter of intent (LOI) that outlines the structure of the proposed transaction. The LOI is a non-binding agreement that sets the stage for negotiations. It will typically include the proposed exchange ratio that will be used to determine the number of shares that private company shareholders will receive. The LOI will also outline the timeframe required to complete the transaction."

So you are honestly telling me ppp don't already know the proposed amount of dilution. Please wake up.

Https://smartroom.com/blog/ma/what-is-a-reverse-takeover/

"a reverse takeover works in a very different way than a traditional public offering:

the private company finds a suitable public shell company and negotiates a purchase agreement.

shareholders of the private company receive newly issued shares of the public company through a **************.

the new shares represent a majority, usually 90% or more, of the resulting company.

the board of directors is replaced with management of the private company.

the company name and trading symbol are usually changed to reflect the new business."

https://share.google/pp3wstcsrmcyxlewk

very basic explanation for those who still haven't bothered to research rtos.