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Otherwise their shares become useless .
10 m and "perhaps" other deals in the pipeline - excuse the pun . Another RTO maybe even
Problem for me is hanging on that long .. Real real problem . But I made the decision to jump in big here - no on forced me so life will go on . But
I am certain it will and at least at 5p But not before next Summer . And our bet was for July1 this year .
Had a lot to answer for
How much are you holding and what average . Do you believe Godot or not ?
Other deals in pipeline already !
Not yet but if they build it up the only way they - Tricon,MB and Vladimir can get real value for their holdings is to relist eventually . They will do this not because they care about shareholders but because this way they can make big buck s
Can't as it's 75% of votes cast . Not sure if we need saving .Can see this coming very very good but will take a while. What the difference really if we have another RTO almost immediately . Would be suspended . So In sense not so different . Ps you won our bet !!!
I have just been told that The London City Code, or UK Takeover Code applies to both listed and private Plcs.There is no difference. Also had it confirmed regarding my point over 30% offer. Yes, there is a need to match this offer to ALL shareholders. It is stipulated in the Takeover Code for UK Plc Can you post this on advfn as I am banned there and can anyone re confirm it please . If true - and it seems it is - then puts very very different perspective on things .
Maybe Further developments - one never knows . Another RTO or other big deals in quick succession If further RTOs would be suspended anyway for six months . Trying to put positive spin on it, Even if CPR is good they would need to back it up with tangible results in terms of oil out of the ground. If all goes well then this can only add value to company . Theoretically once valued over $200m would look to get listing . Lots of ifs
Called barclays asked them. They told me categorically no trading
Next summer at earliest !!!! And how can you trade shares in private company unless you find private individual to buy them you . Only thing unsure of is if the 30% rule applies to delisted companies - as in they have to make same offer to all . If anyone knows please inform us
If they relist in US won't be till next summer at earliest I would say .They will be private company as from when They delist . Your investment is gone in terms of trading but you still own part of the company . They will eventually do something sell it on to someone else or relist .If they go bankrupt from bad management or investment then your investment is valueless . Who knows there may an another RTO on the way and if that was the case even if they were listed would have to delist for another 6 months !!! I also think they they are covered by company's act so would have to sell all of the company not just a part if someone came in for more than 30% but need clarity on this . Surely you are not saying you would sell up today if someone offered you say .5p Incidentally although I may not be happy with events on my dealings with company they were always super courteous and quick to get back to me . Just my experience
You can't sell now
Where did it say it .can you copy and paste as I don't have access to doc today And they have to cover their backs in case it doesn't relist .
You will only get money for them under these circumstances 1/they relist - at the very least a year later - in US 2/ a private company takes them over 3/ you find Soneone willing to buy shares off you . THEY ARE NOT GOING TO TELL YOU ITS NOT IN YOUR BEST INTERSTS ARE THEY .
We coud sell shares to eachother .nothng stopping us doing that . Who here would buy lets say at delisting price of 1p.
No looking good for me at least . Disappointed . Doesn't make sense and seems wonky . No clarity what could happen