Advance Energy Share Discussion Threads

[oilbuy] 13/12/2022 11:10

You seem a very insecure person.Look I believe you , hope that makes you feel better.The process is on going , if it doesn't happen by a certain time , then we permanently suspend.Hope I've made your Christmas I still don't understand your issue here ?

[sweet karolina2] 13/12/2022 10:34

Final date = 0700 10 Mar, so in reality 9 Mar. 6 months from suspension - it's AIM rules any company suspended for six months gets delisted. This uber dog with fleas of a company can't even get that right.

Need proof? Here it is happening to another AIM Rule 15 shell:



Became AIM Rule 15 shell on 3 Mar 21
Suspended on announcement of RTO 2 Aug 21
Delisted from AIM as it had not completed the RTO 0700 3 Feb 22

"U.K. SPAC Plc (formerly Mountfield Group Plc) became an AIM Rule 15 cash shell ("AIM Cash Shell") on 3 March 2021 and on 2 August 2021 it announced that it had signed a binding sale and purchase agreement ("the Agreement') with Hellenic Dynamics S.A. ("Hellenic") in relation to the acquisition of 100 per cent. of the issued share capital of Hellenic (the "Acquisition"). Trading in UK SPAC's shares was suspended on AIM on the latter date, in accordance with the AIM Rules for Companies (the "AIM Rules")."

As the Company's shares will have been suspended from trading for six months, the admission of the Company's shares to trading on AIM will, pursuant to the AIM Rules, be cancelled at 7.00 a.m. on 3 February 2022 ("Cancellation")."

This is the only one of 5 AIM Rule 15 shells since Covid to make it back to trading on the Standard list after 15 months with no opportunity for shareholders to get out. There was a paper profit of up to 50% for those who got in at the bottom but some who got in at the top did not even have that. On day 1 of trading the share price bombed and nobody who sold could have made any profit. Those who bought in after it bombed got in cheaper than anyone who bought the shell.

80% chance of 0p, 20% chance of Zero reward.

[the chairman elect] 13/12/2022 08:30

Final date = 27th May 2023

[the chairman elect] 13/12/2022 08:20

As announced on 27 May 2022 , Beacon Energy became a cash shell on that date under AIM Rule 15. As a result, the Company had six months from that date to complete a reverse transaction or trading in the Company's shares would be suspended under the AIM Rules.

As Beacon Energy was not able to complete a reverse transaction within that time, its shares will remain temporarily suspended from trading on AIM until such time as the Potential Acquisition or another reverse transaction is completed and for up to a further six months from 27 November 2022.

[snoopy12] 13/12/2022 08:11

26th is a holiday. So what are they likely to achieve between now and Christmas. I think they should have given a thought before putting out the RNS.

[the chairman elect] 13/12/2022 07:50

Beacon Energy plc (AIM: BCE) , the energy company seeking growth through acquisition or farm-in to interests in discovered upstream projects, today announces that, further to previous announcements in relation to a non-binding Heads of Terms ("HoT") for the acquisition of a European oil and gas company ( the "Potential Acquisition") , the previously agreed exclusivity extension period is to be further extended from 12 December to 26 December 2022.

The parties continue to work diligently towards concluding a definitive agreement and will update the market accordingly.

[sweet karolina2] 12/12/2022 13:46

Given that those are direct quotes from the company you bought into's audited annual report then you are saying you bought into a company that is full of bulls..t.

I am looking forward to the RNS later today. I hope it does come because no news in these circumstances is generally very very bad news.

[oilbuy] 12/12/2022 13:05

You are full of bulls..t

[sweet karolina2] 12/12/2022 12:01

By not having very much to start with and them spending what they do have on RTO DD and because they said so - did you not read the annual report?:

"On 9 September 2022, the Group announced that it had signed a Heads of Terms and Exclusivity Agreement in relation to a potential acquisition. The Company expects to incur due diligence and other transaction costs associated with the proposed acquisition."

"Management's base case is that the potential acquisition will complete in late 2022 and that as part of the acquisition the Company will seek to raise additional equity funding.

Management have also considered a number of downside scenarios including scenarios where the potential acquisition does not complete, or where completion is delayed beyond December 2022.

Under the base case forecast, the Group will have sufficient financial headroom to meet forecast cash requirements for the 12 months from the date of approval of these consolidated financial statements. However, in the downside scenarios, in the absence of any mitigating actions, the Group may have insufficient funds to meet its forecast cash requirements. Potential mitigants include deferral of expenditure [but they keep saying how diligently they are working towards ... no guarantee...] and raising additional equity [LOL! how? shares are suspended]."

[oilbuy] 12/12/2022 11:39

How does the money run out in January ?

[sweet karolina2] 12/12/2022 11:30

RNS due today as exclusivity period expires today - last time it was out first thing, but there is still time.

What's it going to say? We all need to wait and see. However what I can guarantee it won't say is that the shares will return to trading before the money runs out in Jan.

[sweet karolina2] 07/12/2022 18:01

You will see it as clear as day soon enough. It's not hard to spot uber dogs at the bottom end of AIM - it's like shooting fish in a barrel. I have had some success down there but to improve my success to failure ratio I just avoid it all together. I have had plenty of success investing in well run already cash generative companies though - perhaps that is what is making you so jealous.

[oilbuy] 07/12/2022 17:49

You are so full of your own self importance.A narcissist, one who is jealous of others success and more that likely not successful at all with investment.Everyone can see it , it's as clear as day.

[sweet karolina2] 06/12/2022 21:41

Chesy,

You object to being called a mug, yet you applaud someone who has no interest in and knows nothing about ADV and is only here to stalk me because he got it badly wrong and has lost money elsewhere, but won't learn the lessons from it.

Instead of mug, what should I call someone who has been repeatedly warned, but still got themselves trapped in a suspended share that has an at least 80% chance of losing them all their money and a less than 20% chance of just losing them some of their money?

I tend to agree mug is not really enough. Does being repeatedly being proved right, as I have been for the last 6 years about this uber dog with fleas of a company, not afford me at least some credibility if not superiority?

Maybe you would like to make a coherent argument backed by real world evidence why getting trapped in ADV is a sound investment on a risk / reward basis. That way maybe you might have at least some credibility.

[chesycustard] 06/12/2022 18:05

Don't worry we all know, it's actually quite sad. I genuinely feel sorry their life has got to a place where they feel enriched but calling people 'mug' on a share forum (which shows inferiority complex) while at the same time trying to appear clever and belittling by trying to sound clear after doing a little research (same complex). Shame really.