Allied Minds Share Discussion Threads

[shaker45] 16/11/2022 01:21

Is 29/11 final trading day? Any option but to sell and take the loss?

[cambridgedon] 09/11/2022 13:27

Who is Keith Jeremiah Barry? He's bought loads of it!
CD

[kooba] 09/11/2022 12:27

Good spot fall news release.https://www.globenewswire.com/news-release/2022/11/08/2551023/0/en/Federated-Wireless-Secures-Automated-Frequency-Coordination-Commercial-Agreements-with-Leading-Enterprise-and-Fixed-Wireless-Wi-Fi-Vendors.html

[believer2] 09/11/2022 09:15

Fed on Twitter - Today we announce that we've been conditionally approved as an AFC system operator by
@FCC
, extending out shared spectrum expertise to unlock standard power and outdoor device operations in the 6 GHz band for Wi-Fi 6E.
Full details here [...]

[cousinit] 08/11/2022 19:06

Definitely would no longer be ISA eligible but I believe OK in a SIPP (although clearly not ideal!)

[cambridgedon] 08/11/2022 17:59

These will no longer be able to be held in an ISA or Sipp. What are the chances of some other method of exchange being put in place? and how soon?
Anyone have any opinion?
CD

[casholaa] 02/11/2022 18:29

I no longer have an interest here. What you need is a takeover offer before de-listing.

[wbodger] 02/11/2022 16:43

This is in the Circular (referenced with a link in kooba's #3380 above):
3.10. Settlement arrangements
The Directors are aware that Shareholders may wish to acquire or dispose of Shares in the Company following the Share Delisting. Should the Cancellation be approved by Shareholders at the General Meeting, the Company will consider implementing a matched bargain facility with a third party matched bargain facility provider which would facilitate Shareholders buying and selling Ordinary Shares on a matched bargain basis following Cancellation (a “Matched Bargain Facility”). The purpose of a Matched Bargain Facility would be to enable Shareholders to trade their Shares by matching buyers and sellers through periodic monthly and/or quarterly
auctions.
In determining whether to put a Matched Bargain Facility in place, the Company shall consider expected (and communicated) Shareholder demand for such a facility, as well as the makeup of the share register following the Delisting. Shareholders should be aware that the implementation of a Matched Bargain Facility is only under consideration at this stage and there can be no guarantee that the Company will conclude that putting a Matched Bargain Facility in place is beneficial for Shareholders. If put in place, Shareholders should also be aware that any such Matched Bargain Facility could also be withdrawn at a later date. Further details will be communicated to the Company’s shareholders at the relevant time.

[bobonumber1] 02/11/2022 14:25

That is the intention yes

[freddie ferret] 02/11/2022 14:23

Going to 0.1p

[spectoacc] 02/11/2022 13:58

Will there be a secondary market? There's never been in any co I've had that's delisted. Some co's set them up themselves tho.

[wbodger] 02/11/2022 12:28

Your broker may want you to have certificate though. It then becomes who you can trade with.

I figure I might get a reasonable offer nearer the time of a distribution, but how do you find out what's happening?

[bobonumber1] 02/11/2022 12:08

There will be an alt market similar to what brewdog have. Liquidity might not be great though. Otherwise money will be via capital return on a liquidation event of the whole Co or individual subs.

[kadvfn1] 02/11/2022 12:00

Hi, so how do we monetise our shares if we hold it through the delisting? Any help and pointers are much appreciated

[bobonumber1] 02/11/2022 11:07

The fairest system is 75% of the vote.

[spectoacc] 02/11/2022 09:49

70% is a decent turnout for these sort of votes, but agree it was probably mainly the major shareholders. I've two brokers who make voting easy (iii in particular) and one who wants £20 each time.

Must admit I rarely vote except through iii.

[wbodger] 02/11/2022 09:28

Yes. 97% of 69% registered for the meeting. If the requirement was for 75% of all the equity it would not have passed.

My broker, like other execution only brokers, did not offer an easy option to vote. Certificates are portable, perhaps that's why. But it was always going to pass, it was just a question of what constitutes authority to delist: 75% of votes registered or 75% of all equity.

[spectoacc] 02/11/2022 08:06

The opening drop suggests some thought the vote may not pass? It got 97% approval.

[wbodger] 31/10/2022 20:58

And waited for the delist drop to kick in so he got the lower price.

I'm cheered by the fact that Dobbyn made a reasonable investment which he would probably have side-stepped if he suspected it was £60,000 down the drain.

SP could continue to drop if delist goes through. Metage probably scooping up some more. Also First Equity grabbing fistfulls, up to 2% in a day.

Cautiously hopeful whatever happens tomorrow.

[bobonumber1] 31/10/2022 19:25

He bought 10ks worth! Pathetic really. Dobbyn bought 60k at least

[kooba] 31/10/2022 16:53

I suppose the Bruce finally tucking in taking shares from distressed shareholders before delist seems a positive..well it is for him !..but he has failed to deliver on promises of disposals and is now taking advantage of the weakness he is responsible for ! He sits there earning nice fees popping some back in at a significant discount to the asset value that has fallen every year since he got involved doesn't feel that great. His companies..Spark , Bridgecomm ..disasters, more money in for negative return. Bloody hopeless.

[wbodger] 27/10/2022 09:52

We'll know on Tuesday. Meeting starts in Boston at 10 AM (4PM UK time). We revert to winter time GMT this weekend but US reverts a week later, six* hour difference for a week, so count of votes may not be released until LSE is closed. (No mobiles allowed at meeting!) [*Edit: the time zone change actually works the other way ... four hours difference for the week. But they didn't announce the vote till Wednesday opening. Apologies to whoever ticked me up.]

My broker didn't give me a voting option, without some prodding. The broker will have to issue certificates if it delists. Intention for delist is Wednesday November 30.