Atlantic Coal Share Discussion Threads

[marmar80] 12/1/2016 11:05

Unbelievable

[p@] 11/1/2016 23:41

Well according to the nomad at the meeting,Aim rule 41 (shares must trade for 5 days before Aim listing is cancelled) is negated by rule 14.

Might be worth looking into.

The vote was quite narrow 77% to 23%

It's a shame more of you didn't turn up.

[barnetpeter] 11/1/2016 19:59

"I would advise all holders to contact their brokers if not the co directly"


To do what exactly? The shares are unlisted and thats that. If the company wants to dilute existing holders then it can do that. It does not need to publish updates and there is a 90 per cent chance of never hearing from this lot again for the next 5 years....apart from the usual platitudes. We may get an offer of £50 per million shares in two years time.....because "things are bad". The company can no longer raise money in London and we have become a nuisance.

Unlisted and in administration are not the same thing.....but in my experience they may as well be in 90% of instances.

[big7ime] 11/1/2016 18:42

Another interesting snippet

Further to the Company's announcement made on 20 November 2014, Atlantic Coal, the AIM listed opencast anthracite coal production and processing company with primary activities in Pennsylvania, USA, announces that the Company was notified on 20 November 2015 that Mount Charles (Mayfair) Ltd ("Mount Charles") acquired 142,192,308 ordinary shares in the Company ("Ordinary Shares") from YA Global Master SPV, Ltd ("Yorkville") on 20 November 2015 at a price of 0.13p per Ordinary Share. Mount Charles is owned equally by Adam Wilson, the Company's Executive Chairman, and Mary Best, the wife of the Company's Managing Director Steve Best.

As also disclosed in the Company's announcement made on 20 November 2014, Spring Capital has a call option (the "Option") in relation to the purchase of 71,096,154 Ordinary Shares held by Mount Charles, also at a price of 0.13p per Ordinary Share.

[big7ime] 11/1/2016 17:31

Each certificated shareholder should now be contacted with particulars

Not sure what Nominees do, I would advise all holders to contact their brokers if not the co directly




Some publicly available info on Spring Capital Ltd:

[big7ime] 11/1/2016 17:26

So i have found that Stuart Thomas is a director of Spring Capital Ltd, who have 7.7% of ATC

Why did the co not disclose this detail I wonder

I wonder what his motive is
Funny how he is now known as an adviser to the co! What will he be paid in this scam
And how will investors keep track of their investment?

[garykc] 11/1/2016 17:25

So if we don't sell our shares in a rigged buy/sell scenario and keep onto our holding, what happens then?

[big7ime] 11/1/2016 17:17

In short you've lost your investment as they've voted in favour

[doron] 11/1/2016 17:07

Can some one explain what it all means?

[p@] 11/1/2016 08:08

Suggested on lse bb-
Lets meet around Janet around 2pm in RED COAT in front of the building.

[garykc] 11/1/2016 07:35

AGM today people. If Blackrock still own shares, surely they will vote against delisting to add to the NO vote. Just cant see us PI's getting enough of a percentage to make any difference.

[p@] 11/1/2016 07:34

Don't forget the meeting Today!!

3.00 p.m. at the Cornhill Room, 1 Royal Exchange, London EC3V 3LL on 11 January 2016.

Near Bank station

[thewealthofsocrates] 09/1/2016 16:49

Does anybody know why they wanted a name change to Atlantic Carbon?
Is this a marketing ploy to show that the business has refocused onto the filtration market?
There is massive global demand for this given the mass contamination of previously fresh water. Detroit's lead poisoning scandal is another indicator of this problem.

[p@] 08/1/2016 15:34

Don't forget the meeting Monday!!

3.00 p.m. at the Cornhill Room, 1 Royal Exchange, London EC3V 3LL on 11 January 2016.

[p@] 05/1/2016 09:51

TDWaterhouse have just updated my A/C with the vote,click- accounts-voting & information......you have until 11.45 TODAY.
Do it now!

also get an account holding details,to attend meeting on the 11th.

[p@] 04/1/2016 13:41

3.00 p.m. at the Cornhill Room, 1 Royal Exchange, London EC3V 3LL on 11 January 2016.

[big7ime] 04/1/2016 10:01

You need to contact your broker quickly. At Halifax brokers it's last day for registering your vote. I suggest webchat
They will give you a reference no.
Otherwise dont complain when you lose your investment

[big7ime] 02/1/2016 14:08

Stinks of another fraud. If it's a reverse takeover there should be good value to shareholders. Rto is normally good news for the share!
I urge all to attend meeting or at least instruct their nominees for voting papers. Time is of the essence too!
Don't let them steal your shares.

[marmar80] 01/1/2016 21:17

How many shares owns Best and his wife?

[howesp] 31/12/2015 10:48

It is certainly the weirdest process I have ever encountered. Having talks with a suitor which would constitute an RTO, so we will cancel our listing so no shareholders can easily trade our shares. I note the suitor if successful MAY choose to seek a listing in the future. I suspect the Board will have enough institutional support to force this through, but I hate being shafted by anyone let alone a bunch of muppets.

[garykc] 31/12/2015 08:07

The whole episode reeks of BOD stitching up us PI's. One RNS stating they had no idea who this bloke was, next one saying that he is an advisor. Has anyone thought about reporting to the financial regulators?

[p@] 31/12/2015 08:03

So if this is so good why do the BOD have to cancel the share quote now?

Looks like they will ignore aim rule 41 ie. have a quote for 5 working days before cancellation.

3.00 p.m. at the Cornhill Room, 1 Royal Exchange, London EC3V 3LL on 11 January 2016.

[howesp] 30/12/2015 12:26

I have just read the full details and I think the whole thing stinks. I intend instructing Barclays through whom I hold my shares to vote against both Resolutions. Stupidly I had always thought of Steve Best as one of life's more honest people, but these proposals (particularly the name change) remind me if Tim Baldwin of TXO fame and the Clean Tech name change. Let's drum up some more support for a rebellion!