ACCUSTEM SCHEME OF ARRANGEMENT UPDATE14 Apr 2022 14:09
Hello All Happy Easter 0
I have received an update on Accustem Scheme of Arrangement as follows :-
Further to our previous communication, we have received an update regarding the Accustem Sciences Limited scheme of arrangement event.
Please note that the shares are currently tradeable on the US OTC market, due to the nature of the market the stock liquidity is low and the market spread is large, this means that any trades submitted will be executed on a best endeavours basis, and there is no guarantee as to the price you will receive or the completion of the trade.
Accustem have announced that they intend to list on the NASDAQ in the future, which will provide greater liquidity for the shares and a smaller market spread. However, there has been no effective date provided yet, as soon as further information is available this will be communicated to you.
IMPORTANT NOTE - If you have any questions or queries regarding this event, please send us a secure message and ensure you quote the following in the 'Subject' field: CORPORATE ACTION - Accustem Sciences Limited - 9679756
Updated: 12/04/2022
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Following the listing of Accustem Sciences, share certificates have now been deposited with our overseas custodian and shares can now be sold.
Please be advised that due to being held with our overseas custodian shares can only be sold over the phone between the hours of 8am-5pm and our standard dealing charge of GBP29.95 will apply.
IMPORTANT NOTE - If you have any questions or queries regarding this event, please send us a secure message and ensure you quote the following in the 'Subject' field: CORPORATE ACTION - Accustem Sciences Limited - 9707826
Updated: 12/04/2022
The key part of this is :-
Accustem have announced that they intend to list on the NASDAQ in the future, which will provide greater liquidity for the shares and a smaller market spread. However, there has been no effective date provided yet, as soon as further information is available this will be communicated to you.
So we are to list on the Nasdfaq in the future which possibly may mean the SP will have to be $5 to satisfy Nasdaq new listing rules ?
GLA
StarKnight