Atlantic Coal Share Discussion Threads

[garykc] 16/2/2016 08:37

Anybody had any joy with selling their shares through Capita?
I see it mentions a share certificate. This is not the case for the majority of people who trade through Brokers and have no certificates. What happens in this instance?
Many thanks
Gary

[garykc] 03/2/2016 07:32

According to a unnamed source over on LSE, apparently ATC are being investigated by a regulatory authority. Might just me someone hoping that is the case as no further info given.

[marmar80] 02/2/2016 12:12

What's now guys, how to trade?

[p@] 29/1/2016 10:14

gary-I went to the meeting,and the registrar representative was there,and matched bargains were talked about with him,whether or not ATC are paying them their fee I don.t know.

[garykc] 29/1/2016 08:37

There is talk on the LSE website that Capita have absolutely no idea about the "matched theft" of our shares. Another blatant lie by our beloved BOD?

[howesp] 27/1/2016 15:33

Personally I will be holding on to mine, although whether we would ever see any return must be debatable. At some point they will probably call us dissenting shareholders and do a compulsory buy out at next to nothing. We are probably stuffed whatever we do.

I still find it difficult to believe that Steve Best is happy with what has happened. To me he always came over as a reasonable company boss but there's no fool like an old fool. Mea culpa!

[marmar80] 26/1/2016 10:51

Wonder when and where can we register to see the offers

[garykc] 26/1/2016 08:16

Keep checking their website for the legal theft of our shares:
Dealings in the Ordinary Shares after Cancellation

Post-Cancellation shareholders will still own their Ordinary Shares. However, one of the principal effects of Cancellation is that there will no longer be a formal market mechanism enabling Shareholders to trade their Ordinary Shares on AIM or any other recognised market or trading exchange.

Following the Cancellation, the Board intends to make available to shareholders an off-market trading facility for the Ordinary Shares, which will be administered by Capita Asset Services, based on matching bargains, where buyers' and sellers' price expectations match. Under this third party facility, shareholders or persons wishing to acquire or dispose of Ordinary Shares will be able to leave an indication with Capita Asset Services that they are prepared to buy or sell Ordinary Shares at an agreed price. In the event that Capita Asset Services is able to match that order with an opposite sell or buy instruction, it would contact both parties and then effect the bargain. This service is subject to Capita Asset Services' terms and conditions.

It is currently anticipated that this matched bargain facility will be in place shortly after the date of Cancellation. More details of the facility will be made available on the Company's website at that time. The Board intends to monitor the popularity of this arrangement amongst shareholders following Cancellation and will review it at regular intervals to consider whether it remains cost-effective and in the best interests of shareholders as a whole. The Company's CREST trading facility will remain in place for so long as doing so remains economically viable.

[meijiman] 25/1/2016 10:35

Yes, your role is to fund the business till it is in good shape -then it will disappear and all the rewards will go to the management. You will get nothing. I'm afraid it happens quite alot on the AIM market.

[sleveen] 25/1/2016 10:11

An AIM listing was good enough to get funding time and again, now that a firmer financial footing is in evidence, AIM investors can Foxtrot Oscar.

What a scam... so what's new on AIM?

IMHO.

[marmar80] 21/1/2016 23:18

looks like. this case should be checked by FSA or whoever deals with the rules here

[nick rubens] 21/1/2016 12:06

Shareholders approved a delisting? How do small shareholders realise any value as the company continues trading? Will they be forced to sell to a majority shareholder for a token (minimal) amount under a compulsory order?

[salpara111] 18/1/2016 15:30

As someone who very nearly took a sizeable stake in the business late last year I feel very sorry for shareholders as they have been totally screwed over here.
The reason I was looking to invest was the fact that they seemed to have finally got the business in good shape.
The fact that the management and a few other interested parties decided that rather than share the future success of the business with the long suffering shareholders but rather would just screw them over so they could benefit themselves from the great upside ahead is just disgusting....clearly it is not criminal!
I have pretty much given up investing in any AIM stock that is not a UK business with UK management, I know they can still pull a fast one but are less likely to.

[mike111d] 12/1/2016 18:25

But sadly rather predictable though for those left holding, lets hope you get to make it up elsewhere.