Abal Takeover Rumours (ABAL)

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Abal Takeover Price

Abal Takeover Forum Posts

The suspension of the Company's shares will take effect from 7.30 a.m. on 6 August 2019.The Board continues to focus on acquisition opportunities which could lead to a reverse takeover under AIM Rule 14.Next Monday is the last trading dayThe most important questions you need to ask if Board are capable delivering the decent rto and is it worth parting with your money into this shell and waiting for the positive outcome.Cash level here seems ok.I was going to punt here then I would buy in the normal trading acc in order to write off the loss against the profits in case it goes tits up.
Good work you two 😊 That may be “usâ€￾ then 😊 There is no mention of an IPO that I have seen and I’m assuming you two haven’t which does suggest it is some form of reverse takeover. So we could be about to have some very good news.
The RNS from 1st March, states six months from the 5th March, which would be 5th September. The directors are pleased to provide an update following the sale of the Company's business and assets ('the Sale') announced on 5 February 2019. The Company became an AIM Rule 15 Cash Shell on 5 February and, as such, the Company is required to make an acquisition or acquisitions which constitutes a reverse takeover under AIM Rule 14 (including seeking re-admission as an investing company (as defined under the AIM Rules)) on or before the date falling six months from 5 March 2019 or be re-admitted to trading on AIM as an investing company under the AIM Rules (which requires the raising of at least £6 million) failing which, the Company's Ordinary Shares will then be suspended from trading on AIM pursuant to AIM Rule 40. Admission to trading on AIM would be cancelled six months from the date of suspension should the reason for the suspension not have been rectified.
Still only trading around it's cash level as well. So if news drops of a good deal or reverse takeover !
If it's a reverse takeover the BOD secure then in effect the company reversing in get a listing for pretty much zero outlay. We will see what unfolds over the coming days/weeks/months......but of course there is a risk that they secure nothing.
That RNS refers to a "candidate" for the board and not a reverse takeover target. They may have but it is not definite that they have.
Will it be reverse takeover or will they use the money in the bank to invest in a opportunity needing cash to grow.
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