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Circle Oil Share Discussion Threads
Showing 25026 to 25046 of 25050 messages
|Price water house to wind up this shambles
let them apply to the courts by voting against
The liquidator the court appoints might
look a bit deeper into what the management
have been up to.|
|What happens if we all vote against voluntary liquidation ?|
|Academic I know, but I just watched an LSE Youtube interview with Paul Welsh, CEO of SDX, gloating how he got COP's assets for $30m and openly admitting they were worth $70m.
Great negotiating skills by Mitch & Co|
|End of the road:
|If anyone is interested, (I'm not), received this morning:
Just remains to be seen what happens to the Tunisian licences. I doubt they will bring in much, if anything, or be relinquished.|
|So total debt of Circle was $77.5 millon, SDX buys for $30 million.
So shareholders lose all invested, 100% loss.
Lenders take 61% loss.|
|Sorry to say you have lost the lost , crooked Directors and some dubious people on here who just pumped up the situation to enable them to get out , dodgy to say the least.|
|I understood it but as GH says a bit pointless unless in future shareholders get anything back from COP's takeover or relisting.|
|Yep I had ISA's and SIPP's with COP in them.
You have to open a Vantage Shares Account(if you don't already have one) and your holdings will be automatically be transferred there. I opened one with £1.
A little bit of a waste of time because they have no value BUT if you don't have one opened by 8 Feb they will arrange a paper share certificate for you and charge you £25!!!|
|I have received the following from my broker. Has anyone else and what does this mean?
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Circle Oil Plc: Delisted
What has happened?
The Company has announced that their Ordinary Shares have been cancelled from AIM (Alternative Investment Market) this took effect from 7.00AM on Friday 30 December 2016 pursuant to AIM Rule 41.
Why has this happened?
“In March 2016, Circle announced it was to undertake a Strategic Review of the Group's business and assets with options being considered including, a debt restructuring, a sale of one or more of the Group's existing assets, a corporate transaction such as a merger with a third party, the sale of the entire issued, and to be issued, Share capital of the Group and the raising of capital in the form of a subscription for new ordinary Shares in the Group.
On 29 June 2016, the Company provided an update to the market that it believed that no value will be attributable to Circle Oil plc equity holders. At the Company's request, the Company's Shares were suspended from trading on the AIM market with immediate effect.” (Source, Company Announcement, 30 September 2016)
Important Information for ISA holders
Please note, as a result of the cancellation of the listing of Circle Oil Plc Shares on AIM the Company’s Shares no longer meet the eligibility criteria to be held within an ISA. ISA rules state that any Share listed on a ‘Recognised Stock Exchange’ as classified by HMRC are eligible. As the Shares are no longer listed on a ‘Recognised Stock Exchange’ the Shares must be removed from your Vantage Stocks & Shares ISA.
Holders of Circle Oil Plc Shares within a Vantage Stocks & Shares ISA have the following two options to consider:
Option 1 – Re-Register your holding into a Vantage Fund & Share Account – DEFAULT. You may transfer the Shares into a Vantage Fund & Share Account free of charge. If you do not currently have an active Vantage Fund & Share Account open with us but wish to choose this option, you must ensure you have opened a Vantage Fund & Share Account before noon on Wednesday 8 February 2017.
Option 2 – Re-Register your holding and receive a Share Certificate. You may re-register your Shares into your own name and have a certificate representing your holding sent to you. An administration fee of £25 will be charged for each certificate produced. You can give an instruction to receive a Share Certificate over the telephone.
If we do not hear from you by noon on Wednesday 8 February 2017 your holding will be re-registered into your Vantage Fund & Share account. Alternatively, if you do not have an active Vantage Fund & Share Account your holding will be withdrawn into your own name and a Share Certificate sent to you. Please note that there is a charge of £25 for each certificate produced.
Other Information and warnings
Please note that the following the cancellation you may have difficulty selling this investment at a reasonable price and, in some circumstances, it may be impossible to sell at any price.|
|Can't find anything that gives any indication on what the deal is other than it is an "attractive price" for SDX. It would be a nice surprise if there is anything left over for COP shareholders. I expect it will all go to the lenders but who knows. We are totally in the dark, no announcement on the COP website but I guess they don't have to now it has de-listed?|
|Will current COP shareholders get equity from the proposed SDX deal?|
|It's a total scam , and those on this board who continued to spin positive vibes about the new management need to say sorry to anyone who has lost money here.|
|Looks like they are going to sell the lot to
SDX energy for a knock down price.
Nearly a year of deliberation to sell it to a
partner .. some thought went into that strategic review.|
|Just received this "Important Information & Other Key Dates:
Following the Suspension of the Company's Ordinary shares in June 2016, the Company has now cancelled the admission to trading of its Ordinary shares on AIM.
The Cancellation became effective on 30th December 2016 and you should be aware that following the Cancellation of Listing, you are no longer able to sell or otherwise trade your Circle Oil shares on AIM."
What now - is that the money pished away??? no chance of any recovery?|
|Thanks for above information. We have to wait to see what future brings for COP. £32k down the drain for me. You win some and lose others. I was in good profit once.|
|...further complicated by being an Irish registered company no doubt!|
|First experience for me assuming no last minute rescue: