Vivomedica Share Discussion Threads

[mpasko] 17/3/2009 01:11

I gueass that another owner of 43700 shares will not be able to influence the boards decission...

[haff1] 16/3/2009 13:43

... every bit is being squeezed out the tube .......

[waldron] 14/3/2009 10:55

is aim another name for ponzi?

[pc4900074200] 14/3/2009 09:42

The inevitable has happened. As with many AIM companies in the past, Vivo management have decreed that while continuing to feather their nests with wages it is in the best interest of all shareholders, that they de-list the company from the AIM market.

Vivo Medica Plc Management will have done their homework and know that they have the required amount of voting shares [75%] to implement this at the General Meeting they have called. Otherwise they would not be taking this action.

We have heard through the RNS that they promise to continue to keep Shareholders informed on future developments, but considering that Management has shown over the last few years that they have scant regard for shareholders with little or no up-dates, we can expect to receive the same from de-list on.

There is little that can be done to stop the de-list, but and it's a small but,
there may be a way that existing shareholders can influence the future prospects of Vivo Medica Plc.

The Board has received indications that investment could be available from several investors who do not have a mandate to invest in AIM quoted companies and we can take it that if they are prepared to invest then there is hope for Vivo products.

The current climate finds everyone strapped for cash and if circumstances were
different I think we would be facing a buyout and not a de-list.

That's not to say that a BO will not take place at a later date. That is why I posted what I did the other day re: the 90%.

It asks a lot from shareholders, and as it is, due to the way shares are held and recorded, until a vote at a general or emergency meeting takes place after de-list, PI shareholder strength will not be known and to receive the proxy vote paper a shareholder would have to hold their shares in cert. Form. This adds another cost to creste or nominee account holders as they would need to change their shares over.

Many have invested large sums into Vivo and have seen this reduced to points
of a penny. Some are now worth just a hundred or so. Others will still get a
sizable return which could be reinvested and I would not blame them if they
sold and moved on, hopefully recovering some of their losses.

To the others, what can you do with a few pounds? They want you to sell them for Pennies. Doing that is helping a management that is trying to take you to the cleaners?

With any de-list or buyout PI shareholders take the fall but there could be slim chance that collectively there are sufficient PI's remaining that could still influence a company after a de-list.

In the worst case, it could be a buyout. That needs 90% of the votes. If there are over 10% of PI votes left it can not take place.

If there are 200,555,662 shares in issue the required amount needed by PI's is

20,055,557

This post is not trying to influence anyone, set-up a shareholders action group
or anything else.

Having been though several de-lists and buyouts myself it would be good to see
just once, some shareholders having lost most being able to still be a voice in a de-listed company.

pc

[malctim70] 13/3/2009 14:11

Check out cgx.....another delister

[malctim70] 13/3/2009 14:04

From the few of us here then we're holding 2.24m.......

Sorry, no, flesh.....(probably could buy another 100k with the train fare money)

[haff1] 13/3/2009 13:21

....remember to take a bag of old eggs .....

[flesh] 13/3/2009 13:05

Cheers MT70 - Not the end of our money then?
Anyone intending to attend Agm?

[oneillshaun] 13/3/2009 12:50

Close to zero...........

[malctim70] 13/3/2009 12:50

It seems delisting is becoming common practice




If you google, aim delisting, there's a wealth of disenchanted companies leaving aim

[oneillshaun] 13/3/2009 12:43

Guys

I hate to admit my holding in public but i hold a fair few over 600,000 shares and i do not even want to discuss my average price.

[cowboyiain] 12/3/2009 21:07

Hi everyone I am a proud (sic) owner of 126059 shares held in a TDWATERHOUSE nominee account, bought at an average of 3.75p. What a disaster.

[malctim70] 12/3/2009 13:17

According to the rns, they hold 2.5m so even if they were in the nominee companies, that still leaves, at least 18m in private hands based on the holdigs of only a handful.......must be a bare min of 10% of issued shares...

[flesh] 12/3/2009 13:05

My shares are held with Barclays as a nominee account
So Barclays will prob be pi's like myself

[malctim70] 12/3/2009 12:55

Significant Shareholdings


# Ordinary
Shares Held

% of Issued
Share Capital


Merlin Biosciences 100,257,774 49.9%
Giltspur Nominees 10,432,928 5.2%
Barclayshare Nominees 8,872,395 4.4%
Medical Ventures Ltd 7,334,937 3.7%

200,555,662 shares in issue...........

Wonder if the nominees are holding the directors shares??

[haff1] 12/3/2009 12:34

... 1.518M...so far...

[digger27] 12/3/2009 12:33

MalcTim70 et al - you are forgetting the biggest mug of all me. Hate to say this but I have exactly 1 million!!!! Not much point in me selling as so far underwater now.

Even RENE has halved today but at least they got funding and am hopeful there but need a lot more there just to breakeven.

flesh - thanks for the trades update

[haff1] 12/3/2009 12:32

...how many more do we need to have an influence?

[malctim70] 12/3/2009 12:18

By my calculations, from 4 mug investors ie me, pc49, haff, flesh we hold 518k........