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CGX Chromogenex

0.325
0.00 (0.00%)
19 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Chromogenex LSE:CGX London Ordinary Share GB00B0B7XX32 ORD 1P
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 0.325 0.00 01:00:00
Bid Price Offer Price High Price Low Price Open Price
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
  -
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 0.325 GBX

Chromogenex (CGX) Latest News

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Chromogenex (CGX) Discussions and Chat

Chromogenex Forums and Chat

Date Time Title Posts
07/4/201101:23Chromogenex - the back to 3p thread256
08/9/200813:29Chromogenex1,314
25/2/200813:39Central Asia Gold: Aussie Miners2
11/1/200616:15Chromogenex aims to knock spots off rivals15

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Chromogenex (CGX) Most Recent Trades

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Chromogenex (CGX) Top Chat Posts

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Posted at 03/2/2011 17:44 by stephenmarkgreen
Hoping someone can help...

I held a small number of shares in a nominee account with Selftrade prior to the de-listing.

How do I go about ensuring I receive funds for my shares?

Should I contact Chromogenex to ensure I am on the shareholder register? Do I need to get a share certificate from Selftrade? or will Selftrade deal with it all?

Thanks in advance
Posted at 03/2/2011 16:32 by hashertu
For information. Concerns the forthcoming special meeting.

In reply to your email query.
You currently are a shareholder in Chromogenex Ltd. (formerly Chromogenex Plc).
We traded on the AIM Stock Exchange between June 2005 and April 2009.
When we came off AIM and re-registered as a private company the shares were trading at 0.3p.
The company almost died in 2008.
Over the past two years we have turned it around and put together two years back in the black, thus recovering some value for shareholders.
We have recently set up a new company - the proposed shareholders are the existing three directors plus Finance Wales.
The newco plans to buy our trading company, Chromogenex Technologies Ltd, from Chromogenex Ltd.
The notice proposes to place Chromogenex Ltd into a members voluntary liquidation but ONLY if the Finance Wales deal goes ahead.
Two other dormant subsidiaries will also be liquidated in this group tidying up exercise.
The liquidator will then pay out funds to all shareholders (currently estimated to be ~1.7p per share).
In the event the investment by Finance Wales does not proceed then everything remains as it is now.
I hope this addresses your query but please call / email if you need further explanation.
Best Regards,
Dave Morgan
Director of Finance
Posted at 17/3/2009 12:04 by shakyhands
Hi,Jacob.I,too,have a nominee account - and quite a few CGX shares.I also have shares in some other delisted companies.The shares seem to be sitting quite happily in the nominee account.
I suggest that you contact your broker if you think that there might be a problem.My brokers say there won't be.As for trading the shares on a matched bargain basis,my brokers say there would be no problem if they decide to use JP Jenkins.I haven't asked them about Sharemark,yet.[of course,the market itself might be thin].
Posted at 16/3/2009 13:28 by jacobpray6666
I have quite a few CGX shares.

I would be grateful if anyone could tell me what happens to my shares once CGX delists from AIM? I have a nominee account.

Thanks in advance
Posted at 27/2/2009 17:19 by battyman2
safman - I certainly have thought of it. But your lack of research into the current shareholders shows up here. If I was McGuinness why would I "cut off my nose to spite my face" considering he holds 24 million shares in the company?

According to the RNS: "The Company has received proxies and/or
irrevocable undertakings from shareholders holding 25,224,091 Ordinary shares
representing 41% of the current share capital of the Company, to vote in favour of the Resolutions"

So they still need a fair percentage of shareholders to agree to the delisting. Can't believe that anyone is going to agree (including myself) to delisting without concrete guarantees!
Posted at 27/2/2009 11:36 by trentjones1
Dorset - I think Batty has been taken as much by suprise by this sudden RNS as we all have. Firstly, the market traders are of course taking advantage of this news to shake nervous holders (such as probably yourself) into parting with their shares. I think though that we have to read between the lines here.
These are the interesting parts of the RNS:

" The Board is also reviewing the Company's future strategy and believes that in any potential future corporate transaction the current share price would make it very difficult to apportion any meaningful value on the Company and its assets such as Intellectual Property, current assets and tax losses. "

Well, that is completely true IMHO.


"Impact of the Cancellation

Following the Cancellation of trading in the Company's shares on AIM, the shares will not be traded on any public market. However, as mentioned under "Dealing and Settlement arrangements" below, the Directors intend to use reasonable endeavours to create and maintain a matched bargain settlement facility"

For canny investors this is obviously an opportunity IMHO.
Posted at 27/2/2009 11:15 by battyman2
My humble apologies to all. Better change the name of this thread to the "back to .03p CGX thread".

However, this might sound crazy to some but it just may be a good time to average down. I'm thinking about it - they sound positive about future prospects as well as finding a buyer for the company. Possibly get 3p or more for our shareholdings then?
Posted at 18/2/2009 17:38 by spud
Careful chaps - I was invested in DAG when they were taken private and didn't receive a penny. The share price rose rapidly to 5p before they pulled the plug and subsequently quoted costs which wiped out the value that they would have paid to shareholders. Lost approx 25k.

BTW, the company appears to be flourishing now and is still being run by the existing Directors.....

The only losers were the shareholders!

Check out the thread on ADVFN.

spud
Posted at 31/1/2009 19:36 by shakyhands
Yes,the market for micro-caps is totally bombed-out at present.A couple of the unlisted companies I have shares in use their shares as a form of currency - at valuations that would not be possible if those companies were listed,since sellers would force the share price down.
So if the plan is to go private,and then to sell out,I'd be inclined to agree.However,cash is tight at the moment,and buyers aren't fools - they can always refer back to the last price at which the shares were traded.Economic conditions are likely to get worse before they get better [sorry,I have to be realistic! ]
N.B. Good news might not keep the share price up for long.It might be wise to keep some back until after going private,so as to be able to say to a buyer 'that wasn't in the price'.
Posted at 22/12/2008 10:18 by battyman2
I would suggest that you'd better buy the 500k shares fairly soon (IMHO) because I would think that the Pound/Dollar exchange rate must be really helping Chromogenex's sales. More then likely a trading update will be issued within the next few weeks and we won't be seeing this low share price level again!
Chromogenex share price data is direct from the London Stock Exchange

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