Member Info for stevenc72

"The Company would need either to implement, to the satisfaction of the London Stock Exchange, the Investing Policy or to make an acquisition or acquisitions which constitute a reverse takeover under Rule 14 of the AIM Rules, in either case, within 12 months of the Company becoming an investing company on 3 November 2014, in order to avoid suspension of its Ordinary Shares from trading on AIM." So, an investment or acquisition(s) any time between now and the 3 November 2015. Let's hope its worth the wait. Will be looking to accumulate here when funds allow. Steve

rainger@agam.co.uk - taken from the IPO RNS. I have always found Ross to be prompt, courteous and professional, however, given the last RNS, I expect the team are flat out with the RTO progression. Steve

Hi VVB, Good to see you are still holding. The change from main market listing to AIM listing threw me as it appeared to contradict content in the prospectus. However, The BoD were targeting a significant acquisition and it would appear that progress is being made on that front as we all hoped. Costs appear under control. The BoD remain the same and this was a major reason for my initial investment. In summary, the BoD seem to have things well under control and we are progressing. I can only assume therefore that there is a legitimate reason why a listing on AIM would be more beneficial for this particular acquisition target. I did read a similar release for another share (can't remember which) so perhaps this is not unusual. I am sure all will become clear eventually. All in all, a very positive RNS. Let's see what the future brings. Any thoughts on the target? Regards Steve

"The Proposed Acquisition is conditional on the completion of legal due diligence and re-admission of the enlarged entity on AIM whereupon the Company's listing on the Main Market will be cancelled". Why is the enlarged entity, assuming the acquisition goes ahead, reladmission on AIM and not the Main Market. A Main Market listing would surely be a better option and was hinted at in the prospectus. Apologies in advance if this is a dumb question but if anyone has an answer it would be much appreciated. Steve

Waaahhhhheeeyyyyyyy,

Hi Okenia, sensible post as always. May I ask what your thoughts are on 'new price'. Steve

Hi PK, for what it's worth, I believe the rise has been caused by money moving in from CHAL and GATE. I think the extension RNS's were due to open trades at the end of trading. I also think the RNS from the BoD was put out as its the professional thing to do. As you know I have been in since the beginning and am happy to see my portfolio increase, however, rises for no reason concern me a little as they are usually followed by a similar level of drop. I will be watching GATE closely purely for my own learning, I am not invested. Still expecting news here in May and hoping for big things. Good luck. Steve

VVB, thanks for the reply. Does seem to be a very confident response. Time will tell. May was my initial timeframe for news upon reading the Prospectus. I was encouraged enough then to invest and nothing has changed. Just getting a little impatient! I will be holding and buying when possible and I have hopes here given the calibre of those involved and the fact we are main market listed. Hopefully we will all be wallowing in Kudos soon enough! Steve

6 months without an update is pretty poor as far as I am concerned, even it was an update to say we are still trying to identify targets but here is our current financial status. From memory, they should have released a trading update for period ending November 2014 by now according to the Prospectus. I do hope that the BoD of AUCT stick to their promises and engage with investors rather than leave them in the dark, as is the case with others I could mention! We have until August to make an investment before the next/fist AGM. Here's hoping we get some news sooner rather than later. I am assuming they had some targets in mind and that is why the company was formed. I am therefore expecting news of a purchase in the next couple of months. Regards Steve

I emailed again recently and received a similar response from Ross. Although it doesn't provide us with anything new, again it shows professionalism as far as I am concerned. Happy to wait this one out at the moment.

Manuka, thanks for the reply. I am new to the boards and trading, hence all the questions. Doing okay at the moment though. Started in June last year with a £10k pot and am giving myself a year to learn. Haven't lost any yet and believe I have identified some good long term opportunities to make a bit of cash. If it goes well then I will invest a proper amount next year. Good luck Steve

Hi Ninja, The million dollar question! The Company was incorporated and registered in England and Wales on 14 May 2014 as a private limited company and re-registered on 24 July 2014 as a public limited company. Admission to the LSE began 22nd (ish) of August 2014. If the Acquisition has not been announced by the first anniversary of Admission, the Board will recommend to Shareholders that the Company continue to pursue an Acquisition for a further 12 months from the first anniversary of Admission or that the Company be wound up (in order to return capital to Shareholders to the extent assets are available). The Board’s recommendation will then be put to a Shareholder vote (from which the Directors will abstain). All the above taken from the prospectus document on the website. My thoughts are that we might be looking at May 2015. Others on the BB believe much sooner..see post history. Regards Steve

Nice buy Larry but don't be greedy!! Leave some for us mere minions!! Good Luck Steve

Richard Lockwood Malcolm Burne Michinoko Ltd Arlington Asset Management Miton Group PLC. Miton hold circa 180,000 (5%). The rest all hold circa 200,000 (8%). Regards Steve

The Company will prepare its first unaudited interim report for the period from incorporation to 13 November 2014. The Company will prepare its unaudited interim report for each six month period ending 30 June 2015 thereafter. It is expected that the Company will make public its unaudited interim reports within two months of the end of each interim period. The Company shall hold its first annual general meeting in May 2015. So in theory we are due to first unaudited interim report (14 May 2014 to 13th November 2014) anytime now. Regards Steve

Wrong BB, apologies all. Steve

Does anyone know why posts are removed from the BB. I posted one last night at 20:00 stating some GIS figures which seems to have dissapeared. It wasn't insulting or anything. A bit odd or does this happen often on LSE? Steve

Congratulations. Looks like a result with WRN. If that is the reaction to RTO's, I would be happy with a similar rise here! Have a great weekend, I am sure you will. Steve

OK. Thanks Larry, good luck. Steve

Thanks Larry, good luck. Steve