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Mondial English Share Discussion Threads
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|if that is his reply then to me that says game over.
why can't the man grow some balls and just say it.|
|So the chance of anything happening still looks pretty slim.|
|I sent an email to John Corre end this is what he reply:
The information you received (I presume from Barclays) is inaccurate, in that the company has not been dissolved, and I have asked Barclays to issue a correction.
It is however true to say that, due to present market conditions, the Reverse Takeover of Nucom will not now take place. WE continue to look for a suitable RTO candidate, but it is becoming increasingly difficult, because of market conditions, and the fact that the quote on AIM was cancelled on 27 January 2008.
Regards John Corre|
|yes,i received too.|
|If anybody is still out there.
I had a letter on the 11/11 2008 saying Mondials had been dissolved.
Today had a letter from Barclays saying the board and the financial advisors
Are seeking a suitable acquisition, and as such, the company is not in a dissolved state. ?|
|Looks like there will be no announcement, the web site has gone.
Domain name appears up for sale|
|hope nobody here took part in the non-refundable cash rasing exercise for the acquistion...|
|heard the same - shame|
|So its a bummer then.
Has an offical anoucement been made.|
|Had an e.mail from John Corre yesterday ,the reverse is not going ahead does not see any thing going ahead at all ,in other words weve lost all our money!!!!|
|This is from the Mondial web site.
22 May 2008 UPDATE
Reference is made to the announcement of 13 March 2008 (below).Shareholders are advised that the transaction with Nucom is continuing to make slow progress, and it is now intended that the merged companies will apply for a quote on PLUS markets, and advisors have now been appointed in this respect.It is anticipated that documents will be sent to shareholders during the month of July 2008, and a further update will be released when there is further progress.|
|Sent E-mail to John corre today asking how the Nucom deal was progressing,
This was his reply,
We are making slow progress, and I do not expect a further announcement until mid-June.|
|You sit back and wait Mr MD, whatever it is; it will be better than the nothing we nearly ended up with.
Nice one FLOJO.|
|will they raise the 1mn easily? any guesses what new mkt cap will be?|
|Here it is=
The Board of Mondial English Holdings Ltd ("the Company") is pleased to announce that agreement has been reached for the purchase of the entire share capital of Nucom Technology Inc. ("Nucom"), a profitable US company based in Virginia. Nucom offers voice over Internet protocol (VoIP) and traditional time division multiplexing (TDM) telephony services and international gateways to an expanding commercial customer base. Turnover in 2007 exceeded US$11.0 million (£5.5 million) and the Company expects Nucom to expand rapidly in the coming years through internal growth and by acquiring other companies.
The agreement is conditional upon at least £1.0 million of new money being raised for the combined group, which is to be used for expansion. It is intended that application will be made for the re-admission of the Company's shares to the AIM market of the London Stock Exchange.
As this transaction will be treated as a Reverse Takeover under the AIM rules, a circular will be sent to shareholders in the course of the next month, setting out full particulars.
13 March 2008
John Corre-Chairman-Mondial English Holdings Ltd 00 972 544 602253
Imran Ahmad-HB Corporate Ltd 020 7510 8598|
|Have you an e.mail or fax,i had it from John Corre,its good!|
|So,whats out FLOJO Cant find eny Announcements ?|
|Announment out then 13/03/08, its looks pretty dam good !!!!|
|Have we mislead here pepes ?|
|got the same response...lets just wait - we're used to it now!|
|Well if the man is truthful then yes,you e.mail him - [email protected] ,then let us know what he tells you-cheers.|
|So FLOJO does that mean that there is still a slight glimmer of hope?|