Atlantic Coal Share Discussion Threads

[big7ime] 16/11/2016 10:32

The FCA is about as useless as a chocolate fire guard. They have ruined the financial services industry whilst they should have been concentrating on rogue director dealings.

[vatnabrekk] 15/11/2016 12:45

I never trusted this lot ever since that first misleading RNS came out about the de-listing. I wrote a detailed email to the FCA and the brokers at the time, but of course no action was taken as far as I know. As far as I can see, small private investors have no protection from underhand directors.

[barnetpeter] 15/11/2016 12:26

The Directors currently intend to use the net proceeds of Ordinary Shares issued pursuant to the authorities given by the Resolutions for working capital
purposes. However, the Directors also reserve the right to issue Ordinary Shares pursuant to such authorities for any other purpose or purposes as they consider appropriate.


So they can have a party? Or fly off to Vegas perhaps...?

[marmar80] 15/11/2016 10:18

We illegally lost this company.

[p@] 15/11/2016 10:09

FRom the notice of meeting form-

Subject to the Resolutions being passed, the Board also intends to grant 288,000,000 warrants to Stephen Best to
replace the Warrants that Mr Best transferred and which were subsequently exercised as part of the Fundraising.


S. Best souldn't be allowed to vote his holding on 19th.

[big7ime] 14/11/2016 15:35

Trump supports the coal industry, the price has rocketed this yr. If they had remained listed, the share price would be 0.40p by now.

[big7ime] 10/11/2016 10:48

I have voted against

[xow98] 05/11/2016 16:38

If shares held via broker you will probably not receive notification of resolutions. I have notified Hargreaves Lansdown of the Proxy and instructed them to vote against. You need to notify your broker at least 7 days prior to the meeting.

[xow98] 04/11/2016 08:48

Atrum Coal NL ("Atrum" or "The Company") (ASX: ATU) advises that it has agreed to form an unincorporated Joint Venture (the "Sales Joint Venture") with Atlantic Carbon Group PLC ("ACG") to market and sell anthracite from ACG operations. ACG is a high grade and ultra-high grade anthracite producer with operations in north eastern Pennsylvania, USA. It operates mines and processing plants near the town of Hazleton, Pennsylvania.

The Sales Joint Venture will be staffed by Atrum personnel and initially sell the 100,000t previously optioned by Atrum from ACG and which has generated significant interest in the market. Atrum has achieved a renegotiated outcome with ACG to increase the supply volume to 250,000t, for the initial period to 31 December 2017 and the Company is confident in its ability achieve those sales.

ACG will provide the 250,000t at cost price plus an administration fee agreed by both parties. Profits from the sales from the SalesJoint Venture will be spilt 60% to Atrum and 40% to ACG. If Atrum achieves sales of 200,000t by 31 December 2017, ACG will extend the Sales Joint Venture by another four years, Vdwith a 10% increase in tonnage each year offered by ACG to the Sales Joint Venture.

[marmar80] 04/11/2016 08:03

Gary we won't win this that way. Only with a help from the financial services police

[garykc] 04/11/2016 07:42

The Proxy Form is on their website, we could all club together and vote against the two resolutions. We have nothing to lose after all and might make us feel better!!!!

[marmar80] 03/11/2016 22:51

Selling shares before the placing and events prior to delisting happened when Company was publicly traded.

[barnetpeter] 03/11/2016 22:28

nothing can be done.....unlisted and in the us. Proper procedures done to raise the cash and nothing to complain about. Yes its immoral and yes its daylight robbery but hey they do have a track record of this.....

[marmar80] 03/11/2016 08:50

Aren't they generating profits from operations? Further 35% dilution is unacceptable! Can we do anything to stop this robbery?

[xow98] 03/11/2016 08:45

Letter from Chairman

"Subject to the passing of the Resolutions, the Directors will have authority to allot up to 2,190,780,143 Ordinary Shares representing approximately 35% of the issued capital of the Company as at the date of this document, all of which can be allotted on a non-pre-emptive basis. The authorities to be granted by the resolutions will replace the authorities granted to the Directors at the Company’s annual general meeting held on 28 June 2016 which have been used in their entirety.

As the Company announced on 21 October 2016, it remains in dialogue with Live Microsystems, Inc. regarding a potential investment by Live Microsystems, Inc. in the Company. The authority given pursuant to the Resolutions will enable the Board to continue discussions with Live Microsystems, Inc. whilst also, at the same time, evaluating and pursuing other potential sources of capital for the Company."

[marmar80] 03/11/2016 08:35

This also should have been reported. That was illegal for shure. All of that is a big scam and the management should be investigated.

[garykc] 03/11/2016 08:10

Or maybe its Best Piggies turn for some cash. Wilson Piggy had his pay day many years ago if you remember.................."but I did nothing wrong selling all my shares at the peak share price before announcing a massive share dilution............."

[marmar80] 03/11/2016 07:42

Dilution??? How the hell? We are delisted!

[xow98] 03/11/2016 00:46

Atrum original offer (withdrawn) circa 0.4p. These issued at 0.12p.

[xow98] 02/11/2016 22:46

Notice of general meeting

[xow98] 02/11/2016 22:44

Atlantic Carbon Group Plc is pleased to announce that the Company has successfully raised a total of £925,000 (before expenses) as a result of a subscription for 482,833,334 new ordinaryshares of 0.07 pence each in the Company (“Shares”;) at a subscription price of 0.12 pence perShare (the “Subscription”) and the exercise of 288,000,000 warrants (the “Warrants̶1;) in aggregate to subscribe for 288,000,000 new Shares in aggregate at an exercise price of 0.12pence per Warrant (“Warrant Exercise”) (together, the “Fundraising”). The new Shares issuedpursuant to the Fundraising will rank pari passu in all respects with the existing Shares of the
Company.

The net proceeds of the Fundraising will be used by the Company for working capital purposes.

Total Voting Rights
Following the issue of the Subscription Shares and exercise of the Warrants, the Company’s
issued ordinary share capital will consist of 6,259,371,839 ordinary shares, with one voting right
each.