Infinity Eng. Takeover Rumours (INFT)

Infinity Eng. Chart

Infinity Eng. Takeover Price

Infinity Eng. Takeover Forum Posts

The market realises that INFT has not that much cash available to buy into any oil or gas interest. Let alone put up further cash in stages. Therefore lots of shares are likely to be issued to cover part of the cost of a reverse takeover, and an additional placing. The plus side is that a company gets a market quote in a reverse takeover situation.
Everything is on the reverse takeover move. May be a few months before news arrives.
As a reminder: The Company has now become an AIM Rule 15 cash shell, which means that the Company must make an acquisition or acquisitions which constitute a reverse takeover under Rule 14 of the AIM Rules by 12 October 2017, otherwise the trading of the Company's shares on AIM will be suspended.
That maybe what's holding any announcements up. I suppose if the Welsh assets are the target of the takeover, there's no point in announcing whilst the value of the asset is dependant on the outcome of the election. I expect a flurry of RNSs next week if fracking friendly tories get in.
Usually pays to buy INFT around 0.12p a share. News due in the next four months of an asset buy or reverse takeover.
In December 2015 a reverse takeover of Eden Energy was terminated. hTTp:// hTTp:// hTTps://
19/4/2017 Infinity Energy issues a strategy update to shareholders and the market on Wednesday, having recently raised £1.1m in equity from new and existing shareholders and converting its outstanding loan note into ordinary shares. "In particular, the company is investigating a number of potential reverse takeover candidates in the oil and gas sector." "At a board meeting of the Company held last week, it was decided that the company should cease its investment activities and instead to focus on completing a suitable reverse takeover transaction as soon as possible," its board said in the update. hTTp:// hTTp://
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