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Zirax Share Discussion Threads
Showing 501 to 524 of 525 messages
|Some shareholders taking the last opportunity to exit before Zirax delists on Monday!|
|32% down and recovered back to level. Maybe zirax will do a raymarine and bounce around for a bit you never know. The large spread and illiquid stock puts off new investors though. I have to say the 9:30am bounce looks very dead cat like.
My sympathies to anyone on a loss but it's now about damage limitation.|
|Masurenguy - 18 Mar'09 - 374: There could be a risk of them delisting alongside some 200 other AIM companies who have already done so over the past 9 months.
I really do sympathise with all remaining shareholders here but I did flag up this scenario as a potential risk some 9 months ago.|
|maximum online sel was 10000 @1.91 = £191 - £9 dealing when you have 150000 share to sell and a 10 min delay before you can trade the same share means its hard to dump a 55% loss on these shares thanks directors will never trust a russian again|
|Baranov controls 67.2% of the shares through two external shareholders and therefore only needs another 7.8% of shares to support him in order to get the delisting proposal through at the AGM. I think that you can be pretty certain that he has already obtained this support prior to the meeting.
I don't know why lecks17 cannot sell his shares since a volume of 89,000 is shown as having been traded on AIM today.|
|lecks you can always sell. go negotiated while you still can. it'll delist soon.|
|i agree soloman and you cant even sell your stock at the moment|
|this is a disgrace the way the majority holder is behaving.|
|Given the overall situation there might still be room for an MBO.|
|agreed this seemed a solid co at one point, well funded, good market completion fluids were strong and track record. Numbers were fine. Yet again though this proves on AIM anything can happen- pure casino.|
|I naively held on to some AIM quoted shares that de-listed last year (International Real Estate) that were in a nominee account. In that case I think the major shareholder held over 85% of the shares so that was even more of a done deal than this one.
The shares tanked when the announcement was made and I would have got at best a tenth of what they had been worth at their peek if I had sold in the market before they delisted.
But that's exactly what I wish I had have done in hindsight, cos I doubt I'll ever see a penny of that money again!
I share dell's caution above. Taking much smaller stakes (cos I've got much less money now for one thing lol) and checking before making any purchase just how many shares are NOT in public hands.
Oblivious to the delisting threat pre-2008, I've learnt to be very aware of it since through painful experience.
I don't hold shares in Zirax by the way though have followed the story with interest, as at one stage it seemed to be promise a happy ending.|
|This is a shame. It is also what I was afraid of when I sold out last year. He will be thinking that AIM is not seeing the value in his business and he can do more privately having received the money from the flotation to achieve what they wanted.|
|Unless they can talk him out of it, I'd have thought this looks like a done deal as controlling 67% of the equity he only needs a few not voting (how many in nominee accounts?) to carry the 75% requirement.
Yet another example of major shareholders and/or directors screwing other shareholders. I've been taking much smaller stakes in AIM stocks than I used to as this rampant disease of AIM adds significant risk, IMHO. At least the other directors appear to be on the side of shareholders in this case....
All IMHO, DYOR etc.|
|RNS Number : 4528F
13 January 2010
Requisition of General Meeting
The Board of the Company announces that on Tuesday 12 January 2009 it received a written requisition notice from its largest shareholder, Erith Group Limited ("Erith") (the "Requisition Notice") to convene a general meeting of the Company (the "GM"). Erith is the holder of 102,531,250 Ordinary Shares representing approximately 59.5 per cent of the Company's issued share capital. Mikhail Baranov, a non-executive director of the Company, is a connected person of Erith by virtue of Erith being a body corporate with which he is connected pursuant to section 254 of the Companies Act 2006. Through his association with, and shareholding in, Erith, Mr Baranov is deemed to control 59.5 per cent of the Company's issued share capital. In addition, through his interest in 000 Yugo Vostok Promkapital, Mr Baranov is interested in a further 13,333,333 Ordinary Shares in the Company, representing a further 7.7 per cent of the Company's issued share capital. Erith has requested that the following resolutions be put to shareholders at the GM:
*the cancellation of the admission of the Company's shares to AIM;.
*subject to Resolution 1 being passed, the re-registration of the Company as a private limited company; and
*the adoption of New Articles of Association of the Company.
The directors of the Company are seeking an urgent meeting with Erith to discuss the Requisition and its implications for shareholders and the directors themselves. After which, the directors will respond to the Requisition Notice in a circular which will be made available to all shareholders and will set out further information relating to and arising from the Requisition Notice. In accordance with the Companies Act 2006 the directors are required to post the notice of the GM within 21 days from receipt of the written requisition.
Unfortunately this was always my concern with this company which is why I held back from investing here.
Masurenguy - 30 Jun'09 - 449: The lower price could enable a potentially cheap MBO but they could delist from AIM without buying any external PI shares - they would just remain shareholders in an unquoted company with virtually no market for their shares.
Since the major shareholder is making the proposal it looks as though they are confident of obtaining the necessary additional shareholder support in order to obtain the required number of additional votes to implement this. Don't know what percetage of shareholder votes are required - 75% or 80% is the most likely figure though. Commiserations to shareholders - this has happened to me before but it is one of the risks buying shares in an AIM small cap.|
|I agree its the wholw world is under 10 ft of snow which is good news for ZRX sales.|
|Given the freezing conditions gripping Eastern and N.W. Europe, ZRX sales teams should be out there bagging sales like there is no tomorrow.|
|Moscow announces that it is deploying 9000 snow ploughs to clear the city's streets. The mayor should have bought more supplies of ZRX de-icing pellets.|
|Nothing new then regarding law and order in Russia.|
|Very strange Oct/Nov chart... In fact the whole of 2009 seems odd.
Flat as a pancake for 12 months then whoop straight up, back down then up again.
It looks like 4.5 is the new low. Anyone who bought in at 3p will be sitting on a fortune this time next year. Just need the company to get back in profit and we're laughing.|
|Marked down but now level mm's must be short of stock.|
|Great move anyone else in..?|
|Another run up today?|
|Why is this down 20% today it makes no sense.|
|Well Britishbulls have their Buy Confirmed - for those who follow that sort of thing. The first one for Zirax in 20 months!