Member Info for Suthy

Yes the potential here is huge. Italian banks, global financial institution, MOU in the Middle East, no competitors, .... this is a very exciting stock.

I think 1p is on the cards here quite quickly. The news due here is vast and very exciting. There appear to be global institutions involved which will be declared soon. For me, the short term news flow is worth waiting for.

I am ok , thank you. BOD are quite shrewd I believe they will deliver, or rather pay someone to do it for them LOL

I really like the look of this company, not concerned about daily movement at all. I am buying on dips. The interview was very exciting and the growth plans are incredible. The company are using blockchain i.e a distributed ledger which is used to effectively bypass the banking system, has very little fees, and is almost instant and fully secure aswell.

Agreed Both. Luckily all shareholders have a definitive timeframe so we are in control to a certain extent. He also would not want to leave AIM in a bad way as it will affect his performance on ASX aswell as shareholders over there will be watching. We will get a very good idea over the next couple of months I feel.

Swiftly. I completely agree I believe there is something in the pipeline as he inferred in the RNS. He would have known the consequences of withdrawing from Alaska. He is a selfish g@t. But he is not stupid.

Good post Lowerisk, I also think he should takeover something small, just enough to suffice the requirements. Share price is at cash value so it’s about right

Agreed GPRD, the current share price is around cash value. They have around £2.5m. I think he wants to drill again but not sure what he’s going to do in terms of the reverse takeover. He appears to want to stick to Oil and Gas.

Hi Swify, apologies I missed your post. Yes I am hoping Bandy saw this coming and has something lined up. We have six months so we will see. It could be very good if he approaches this correctly.

Agreed, last post for the day. We would need to raise around £3.5m which is not a huge amount. I agree on the value of the board and its expertise. However, the key task is to see what Bandy’s next step is

My understanding is that the only thing of value offered in a reverse takeover is access to the exchange and money, which is quite a lot. So we shall see

The market seems to like this RNS for some reason.
I think it’s because, if he follows through with a decent reverse takeover it would be beneficial. The biggest risk we have is Bandy himself, is he capable. His reply at the bottom of the RNS did not give much
away. It all depends on how valuable he deems his listing on AIM. It costs £6m to get on to aim so he is better off staying on it, otherwise it’s tricky getting back on.

This is on the basis of voluntary delisting only. He will have to give an indication to shareholders soon whether he is pursuing reverse takeover or not. The examples that I read about on AIM created good medium to long term value for shareholders.

Sunzoo, they offer a premium to get shareholders on side of the board wants to delist. As it is the shareholders who have to decide. Apparently it is
quite a common occurrence if they chose that path

To voluntarily delist would require the consent of 75% of the shareholders. This is why generally they offer a premium

I have looked into this over the weekend and there have been 37 reverse takeovers in aim recently and by and large have added considerable value to existing shareholders as well. There are cash shell advisors who can look into it for you. The last part of the RNS suggests Bandy will stick with Oil and GAS

As RMP is dual listed you can sell your shares at market value via OTC to ASX brokers

If the company voluntarily delisted then it is common practice to offer shareholders a premium to the current price

Share price is at cash value so it is ok for the moment. There seemed to be some good buys after the RNS as well. So I guess it is a wait and see game.

Bandy has six months to come up with something. There seemed to be a lot of buying yesterday, so we will see. Most people it appears are giving him a chance to see what he can do. It is not a bad option as it forces him to steer the company in the right direction.