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My " waters" tell me that's a uk listed company so rules apply to it even after delisting . It's going to be very very long slog from here . Ps soko is ok . Coincidence or what .!!!
But I don't feel good about things. But this is the stockmarket and we can't complain when things turn out badly. It's a gamble . No one forced us to be here . My problem is the liquidy tissue ,If such an amazing deal surely we would people jumping got buy shares off us . If I had the option to sell and there was a rush of buyers I would probably keep shares . And feel much better . Ps my. Waters also tell me that wee will all be kept informed and uodate about things via website and also Rns even if not listed !!!! Strange waters .maybe a small mistake there
They were given choice by aim either agree lockin period / call off RTO or delist . Tricon didn't want to agree to lockin period .why - possible deals restructuring in future which couldn't do if accepted lockin .If they called off RTO would be left with no tangible assets so company effectively worthless . Gong ahead . The goal is to build company up into $200m and then relist within a year or so . But no guarantees that this will happen . And even if it does timescale could be much longer but at the very minimum a year .Other possibility - remote in my opinion - is that they become attractive takeover target to someone else and we are all bought out . There is no way shares can be traded - so no liquidity in short term unless private deals are made between individuals .So ironically speaking though big boys wouldn't agree to lockin period we have no choice but to accept and we don't know how long it could be . A year at least .or indefinitely . To reiterate - why wouldn't they agree lockin period ? Maybe because would hinder future deals and restructuring going ahead . Who knows there may be other deals already in pipeline ?another RTO???? i. Brutal truth . Can't trade shares . Could turn out to be deal of decade or worthless paper . Finally I repeat it remains a Plc subject to rules AFTER DELISTING MATRA WILL STILL BE UNDER CITY CODE ,TAKEOVER CODE AND UK COMPANY ACT ACT.
Have some other important things to post wait if you can . Quite important and possibly very very good
Copying and pasting !!!
Ultra apparently your earlier post which I am lying and pasting here is totally wrong and misinformed . I hope you don't get a derisory offer from Barskiy and Co. However now the company is private will the non execs have any power to influence the main shareholders? Now the company is private will Barskiy, Alltech and Tricon boot the non execs off the BoD? Do they need non execs now? Now the MTA is a private it wont have to conform to the corporate governance required by AIM? Since MB, Alltech and Tricon wouldn't promise to lock in their shares for a year after the RTO was completed are they looking for a quick exit? Have they a buyer lined up? It's a requirement of AIM that if someone makes an offer to a shareholder (or shareholders) that amounts to over 30% of a company they have to make exactly the same offer to the rest of the shareholders. Now that MTA is private that AIM requirement no longer applies. Hence if someone offers Xp per share for the shares of MB, Alltech and Tricon they don't have to make a similar offer to the rest of the shareholders. Can they offer a lower amount In fact, say Yp per share where Y is a fraction of X? In fact I do they have to make any offer if they are satisfied with around half the company?I hope MB, Alltech and Tricon don't do the dirty on PI's and play fair with them. ALL WRONG AS AFTER DELISTING MATRA WILL STILL BE UNDER CITY CODE ,TAKEOVER CODE AND UK COMPANY ACT ACT
On advfn as am banned there and am curious to know of any replies . Ps I have no delusions of importance of my spits or opinion just want sown other views and answers . Pps would anyone sell tomorow for 1p. I would wait till next Monday personally
Any comments on this explanation as well folks . Is it credible Lock-in not only prohibits selling , it also prohibits different forms of restructuring of share ownership. It is quite wide ranging and in some people's point of view does not allow Matra to grow, as they plan to do COMMENTS PLEASE
Don't really understand what I have have learned today . Which is this : The RTO was on till last Wednesday when they realized couldn't meet aim rules and time was up . Had a choice either to comply and lose very valuable US asset - and be worthless - or delist . The RTO will definitely go through and delisting in next month . Now the future is very very unclear . Take it private and be part of a far more valuable company - potentially ten times as valuable - which may eventually relsit on another Exchange or bail out but how? Questions which I don't think will be fully answered in circular on Monday are . 1/ what will happen to shareholders and their money . 2/ how can shares be traded - they are working on this currently - think they may offer derisory offer which we can take or stay . 3/ how and by whom can our interests be protected . As for 75% vote to delist it is 75% of votes cast not shareholdings . So already done deal . Finally as for soko they have had no bad news so the $10m is logically now due . But shareholders will not benefit will just go to running costs and how will we know of events in comapny as when they happen if no listing . I think it is a potentially very good deal if you are prepared to wait till 2015/2016 .I certainly am not and will try to get out ASAP.I hold a large amount . The Matra Pr people are fully aware that this looks bad and are trying to put a good spin on it . The guy I spoke to sounded very very dodgy and hesitant and I for one wouldn't want him to be working on my pr team . COMMENTS PLEASE
Was told - perhaps unwittingly - by 02078613169 that RTO is certain to go through . Matra is also trying to work out some form of liquidity option for exciting shareholders . ie to trade shares or sell them on . .Trying is word no certainty will happen . What s betting will make derisory offer themselves
For relist . Could be a year . If it happens . Soko will pay for running costs but some very very big BUTS. Monday will give reasons I think but no guarantees .
You can be prosecuted
Don't post things like that .Silly and you can get into serious legal trouble .So retract and stop this nonsense . I am in here bigger than you holding double your stake .
Just saw your nickname on advfn Very bad idea and in very bad taste .Could get into trouble . I would strongly advise you to change it
02078613169 This is my interpretation of answers I was given 1/ They only need 75% of those voting - so it's given deal 2/ relisting If it happens - could take anything up to a year .but not 100% 3/ they are arguing that unless they delisted , company assets would have no value as could not complete RTO under aim rules . 4/ no clarity as to what is going to happen going forward in terms of liquidity and trading of shares . 5/ money from soko Wil pay for running costs !!!! Circular on 7th Wil just give reasons for delisting nothing else from what I understand . THIS IS JUST MY INTERPEREATION OF CONVERSATION
So lets wait 7th
7th when circular will be released
Do tell me how 1/ why you suddenly started posting today ? 2/ how English dramatically improved from having Eastern European connotations to being prefect in space of two posts !
There is no plan or timetable . they can did what they want when they want . As for soko no mention . How are you going to trade shares .What is timetable for it . Nothing is clear . Of course Godot will,put good spin on it . But it stinks
It's not good news. full stop - doesn't mater what spin they are putting on It . And what if soko news .It stinks