Forbes Vent. Share Discussion Threads

[truffle] 03/12/2017 14:14

Good news!
Up and running again

[bckttsim] 21/11/2017 09:44

No not heard anything now for a month. Thought this was now funded.

[truffle] 12/11/2017 14:23

Does anyone have any informed and reliable information as to what is happening with this company?

[bckttsim] 17/8/2017 13:04

Hopefully not too much longer to wait before this comes back. Some cracking investments made. Value is not reflected in price.All we have to do then is join another exchange.

[dice1950] 25/5/2017 10:47

#FORBES VENTURES #FOR on NEX MKT more great news

[truffle] 26/1/2017 10:51

How do you follow Forbes on advfn? My link to the company has been deleted.
TIA

[olufemisudem] 25/1/2017 15:37

Rns forbes looking good

[olufemisudem] 03/1/2017 17:22

Yep

They should have closed it down instead of leading people on

[barneygumble27] 03/1/2017 14:25

WHAT A MASSIVE CON this was

[traidemark] 03/1/2017 11:56

Dice your an idiot. Wake up.

[dice1950] 03/1/2017 09:00

Dont knock them more 2 come ISDX listing was kept for a reason more news coming

[barneygumble27] 03/1/2017 08:55

Worthless board

[dice1950] 30/12/2016 21:26

NEWS ON TUESDAY

My understanding is that FOR may continue with its ISDX listing as it has an ISDX Corporate Adviser (the equivalent of the NOMAD), which is Peterhouse Corporate Finance Limited, who are also the company's brokers and have been very much involved in fund raising for the company. An extract of the ISDX rules relating to RTOs is as follows:-

Reverse takeovers
57. An issuer must announce as soon as possible the agreed terms of a reverse takeover including the information specified by Appendix 5.
Guidance Note on Rule 57
An announcement should not normally be made until the execution of a formal agreement and the publication of an explanatory circular as required by Rule 60 unless there has been a leak of price sensitive information in relation to the proposed transaction.

59. On the announcement of a reverse takeover (whether agreed or in contemplation), ISDX will suspend trading in the issuer’s securities in the absence of the publication of the explanatory circular required by Rule 60.
Guidance Note on Rule 59
ISDX will not normally suspend trading until a formal agreement has been entered into unless a leak of information concerning the transaction in question has necessitated that an announcement be made.

60. An issuer which has agreed a reverse takeover must:
 as soon as possible, send an explanatory circular to its shareholders, which must contain all information reasonably required to carry out an informed assessment of the financial position and prospects of the issuer as enlarged by the acquisition and a statement as to whether or not the enlarged entity intends to make an application for re-admission to ISDX, such that there is a reasonable basis for shareholders to exercise voting rights; and
 obtain the consent of its shareholders at general meeting as a condition of the transaction.
My understanding is this: I believe that technically they have until 31 December tomorrow to appoint the NOMAD being within a month of suspension on 1 December and so it is possible that an appointment may be made tomorrow if it has not been made today and announced on Tuesday. If an appointment is not made the AIM listing will be cancelled.

If the NOMAD is appointed in time, but the RTO is not able to be completed by the same day, the company will still have until 1 June to arrange an RTO and remain AIM listed.

Trying to sort out a deal, with all the due diligence required, in what may have been a relatively short time has its problems, possibly exacerbated by Primus Care's first Accounts being overdue for filing at CH; we may even find that the option is not taken up and another business is looked at.

However, as it had been agreed between the boards of FOR and Primus Care that the specific sum of £500K loan notes would be issued but they had to agree on the number of Primus Care shares to be issued for the £500K, hopefully it is just a matter of reaching agreement on the value of Primus Care and that may be delayed.

What is essential is the NOMAD appointment and as I have said that will hopefully be confirmed on Tuesday.

[olufemisudem] 30/12/2016 12:49

So where is the rns?

[dice1950] 30/12/2016 09:38

off course it can but thats not going 2 happen

[barneygumble27] 30/12/2016 09:30

Can it still trade on isdx if cancelled on aim

[olufemisudem] 30/12/2016 08:16

Is this the end?

[dice1950] 29/12/2016 21:20

Primus Care PLC is a management company of closed type business entities which specialize in the development of profitable businesses in the childcare, elderly care, dementia and associated training sectors.

Primus Care PLC was founded by a team of highly-qualified professionals with a proven track record in the world of finance and in the field of adult and child residential sectors to ensure efficient execution and integration of attractive transactions and continued growth.

Primus Care PLC target is to build an asset-backed business focused on the specialised childcare, elderly, mental health, dementia and associated training sectors with visible revenue streams.

With a proven management with more than 15 years proven track record in the sector, Primus Care PLC is aiming to become a leading consolidator in the fragmented residential care market where growing demand is forecast to outstrip demand going forward.

[traidemark] 29/12/2016 17:37

It's tomorrow or bye bye aim. Can still trade on isdx but u won't see any gains in my view. Not sure if they can apply for an extension.