Glenwick Share Discussion Threads

[113mike] 23/5/2016 12:05

An announcement is already pending...so they are good to go ..i reckon

[113mike] 23/5/2016 12:04

Could be we hear quickly, today, tomorrowor next few days about whats going on, the prpoasals etc... it'll be subject to egm and approvals in about 2/ 3 wks..then suspension lifted in about4/wks...imho

[showme01] 23/5/2016 12:03

Usually months but unlikely in this case as the Chairman is presenting in London in 2 weeks :-)

[bckttsim] 23/5/2016 11:56

Usually months

[soggy] 23/5/2016 11:47

Anyone care to guess how long before the suspension is lifted? Do we remain lifted until the deal is approved by shareholders?

[113mike] 23/5/2016 11:32

Thanks for that SM01...fingers x'd !

[showme01] 23/5/2016 11:24

From IFA magazine. The clues were in the BoD of this new shell. I expect them to have secured a quality distressed asset.
ShareCast News) – Cash shell Glenwick has suspended trading of its shares as it nears its much-anticipated reverse takeover in the natural resources sector.
The suspension request was made by the company from 1020 BST on Monday, pending an announcement.

In March, management raised £0.5m from investors adding to the £0.57m that was on the balance sheet at the end of last year.

The exact nature of the anticipated acquisition might be guessed by two consultants Glenwick hired that month: geologist Dr Jacob Poll, a specialist in petroleum exploration; and petroleum reservoir engineering consultant Joanne Kendrick.

Glenwick has stated that it has been seeking to acquire on-shore oil businesses in Australasia and North America but has widened its horizons to consider other regions in the search for potential positive returns, including Turkey.

The company’s present guise under Aussie chairman Cameron Pearce was born in November with a change of name from Treveria and a new direction from property investing after the sale of its two subsidiaries for roughly 17m and a payment to investors of 3.512 euro cents per share at the end of October, amounting to 21.25m in total.

A reverse takeover under rule 14 of the AIM rules will require shareholder approval

[andrbea] 23/5/2016 11:18

reading post 124 (FWIW), let's hope's it's something good they've bought :-)

[113mike] 23/5/2016 10:47

Announcement is pending so should hear fairly quickly i would've thought imo.

[soggy] 23/5/2016 10:40

'Nice' suspension? Hmmmm I hope so - I bought in this morning and looked back in to see ADVFN showing it down by about 50%....! I hope that's just an anomaly because it's suspended and not because it actually fell to that and then they suspended....

[113mike] 23/5/2016 10:27

Let's hope its a good'un! GL to all LTHs!

[colin12345678] 23/5/2016 10:23

Nice suspension pending news

[113mike] 21/5/2016 13:45

Hey... gwik went up two days running! something bubbling under maybe news soon! hope so

[thetoonarmy2] 20/5/2016 14:51

Just bought 15 mill today on mate of mines tip he better be right or we will be looking for a body next week

[113mike] 19/5/2016 18:24

Who knows? Probably fall tomorrow!

[ryry0707] 19/5/2016 17:31

Why the rise here?

[oakville] 01/5/2016 17:06

Twitter attempting again .

[primatologist] 29/4/2016 22:30

Its a failed twitter ramp

[rookieinvestor80] 26/4/2016 15:43

Still a pants share nothing here

[rookieinvestor80] 25/4/2016 13:32

Still a pants share

[rodrod1] 15/4/2016 13:31

Its a case of follow the people you believe in :)

[rookieinvestor80] 15/4/2016 10:41

What a pants share

[yajnas01] 30/3/2016 17:00

can someone explain the investment case here?

[rodrod1] 11/3/2016 14:23

Can we hold the news whilst its moving up :)