Finablr Share Discussion Threads

[ltn22] 31/7/2021 00:14

Some confirmation statement on companies House about updates dated today 30 July, any ideas.

[letmepass] 26/7/2021 02:00

"Meet the man fighting to turn around money payments group Finablr | Evening Standard" https://www.standard.co.uk/business/meet-the-man-fighting-to-turn-around-money-payments-group-finablr-b944597.html?amp

[letmepass] 24/6/2021 00:14

Nothing at the moment. It's a wait and see. Hopefully this year

[computercoders] 21/6/2021 17:10

Anything happening here?

[letmepass] 09/6/2021 01:20

Maybe some hope for shareholders yet?

[shares188] 23/5/2021 09:56

All well and good, but please regulators
Get your finger out and start making
Decisions!!

[h2owater] 20/5/2021 07:16

https://www.google.co.uk/amp/s/bmmagazine.co.uk/business/entrepreneur-amir-nagammy-announces-ambitious-plans-for-finablr-payments-firm/%3famp

[computercoders] 19/5/2021 11:43

Wouldn't happen in America. Screwing shareholders once again

[shares188] 19/5/2021 00:03

Makes me proud to be British knowing
the regulators are on top of this!!! NOT....
Over 1 year in suspension

[computercoders] 17/5/2021 13:09

Nothing since January. What a disgrace.

[housewinner] 03/4/2021 16:32

Very little trading experience so be nice! I have or had lol a few Fin shares. I check in for updates every now and then, but accepted I have lost my money. I now see that Fin could be a going concern/could be bought out/Merger etc bla bla bla....Surely as a shareholder my shares have a financial value? Surely if my shares a worthless why would anyone want involvement with Fin? It must have a value or am I missing something. And to add, if anything dodgy has happened would a court case involve recompense for shareholders who were clearly mislead??

[letmepass] 18/3/2021 21:17

Probably right but wait and see

[arfaday] 15/3/2021 19:57

I think investors have lost all in finibir, unless someone knows different

[letmepass] 02/3/2021 22:58

Who knows wait and see.

[aeg90] 02/3/2021 21:46

Hi, I hold a small value in Finablr and honestly not feeling great thinking I have lost money here due to a fraudulent management. However, as far as I understand PRISMs offer was to purchase 100% of the share capital and for the same they have paid a nominal value of $1. Does this not mean the existing shareholders does not hold any interest in the new group? I am fairly new to investing, thus advanced apologies if i have made any incorrect assumptions here. I am optimistic that my share may have some value in the future and considering all the news coming out from the group. However, realistically I sesnse my optimism may be a false one. I appreciate any light on this matter from all of you experts in this forum. Pasted below is from their offer letter.

Finablr PLC is pleased to announce that it has received an offer from Prism Advance Solutions Limited ("Prism") for the purchase of 100% of the share capital of Finablr Limited and its subsidiaries ("Target"). After due consideration the Board has approved the offer and the Company will proceed to negotiate a share purchase agreement with Prism documenting the terms of the transaction and seek shareholder and regulatory approval.

[acv74] 02/3/2021 13:22

The stakeholders being the employees and creditors.The transaction is that the shareholders sell the shares for £1 (in total) with additional consideration in the event that Shetty is successfully sued.This is a dead duck for shareholders unless I'm missing something.

[letmepass] 02/3/2021 00:52

The Company further notes that the transaction with Global Fintech Investments Holding AG, with regard to the sale of its subsidiary Finablr Limited, is progressing in line with our announcement of 17 December 2020.

[letmepass] 02/3/2021 00:50

Prism has formed a consortium with Abu Dhabi's RSP to rescue and rebuild the UAE-based financial services company, Finablr. Together, Prism aims to work with all stakeholders to revitalise the Target Group, which was a core pillar for cross border financial services in the UAE, providing currency exchange and remittance solutions that supported thousands of businesses and millions of customers around the world.