Fusionex Share Discussion Threads

[albanyvillas] 31/5/2017 09:45

The only game u be playing JJ will be a five finger shuffle on your tod

[j777j] 31/5/2017 09:41

As the company is definitely not going bust the shorts will have to close in order to realise their gains.Seems the shares are happily being scooped up by third parties.Presumably playing with inside knowledge.
Those Malaysian Football gambling syndicates seem to cause a stir.

They are known to love a good gamble.


The game has only just begun.

[albanyvillas] 31/5/2017 09:41

heading of note " YOURE TEH LIAR"

[albanyvillas] 31/5/2017 09:36

wont be long before broker notes comes out -----> target is 0p

[j777j] 31/5/2017 09:33

PS the shorts arrived bang on time.



No further questions.

[j777j] 31/5/2017 09:31

The shares are worth north of 250p Teh knows that too.


Why on earth sell at 46p,unless you need the cash?Even so, you should not be invested in shares if you ever become a forced seller in one position.

[highasakite] 31/5/2017 09:31

He will easily get to 75%.

[lingy] 31/5/2017 09:28

If he can't get to his 75% he could then make an offer for the rest.we shall see but I'm not selling

[highasakite] 31/5/2017 09:26

J777J

U are a deluded fool and will lose everything when they delist shortly.

[nobilis] 31/5/2017 09:23

as we say in glasgow, you cannae do a good deal with a bad person


the fact the advisors resigned yesterday tells u what the advisors really think

[lingy] 31/5/2017 09:18

I think all the drop is in the price now and shorts will start closing soon imo.

[j777j] 31/5/2017 09:02

I didn't say the management are blameless.I am saying that those spamming the boards telling everyone the shares are worthless are the shorts and their cohorts.


Do you honestly believe Ivan Teh is out to lose all his money?

Down £40 million since the IPO.

£17 million of that yesterday alone.


The only way they will be able to realise their investment would be to either sell, or relist the company.The same for all their employees.

I know many private equity players whose biggest gripe is being able to realise their investments.

[garth] 31/5/2017 08:56

Actually J777J,

I think you'll find the actions of the management may have played a teeny tiny part in convincing peeps to sell their shares...

G.

[j777j] 31/5/2017 08:51

The only people trying to convince you to sell your shares are the shorts.

[j777j] 31/5/2017 08:49

Matched Bargain Trading Facility


RNS Number : 8329B

Cleardebt Group PLC

08 April 2013










For immediate release





ClearDebt Group plc



("ClearDebt" or "the Company")



Third party matched bargain trading facility



Following the General Meeting held on 25 March 2013 the Company announced that it would be cancelling the admission to trading on AIM of its Ordinary Shares ("Cancellation") with effect from 10 April 2013. The last day of dealings in the Company's Ordinary Shares on AIM will be 9 April 2013.



In order to facilitate the trading of shares in ClearDebt after the Cancellation becomes effective, the Company has appointed BritDAQ to provide a matched bargain trading facility (the "Share Matching Facility"). Under this Share Matching Facility, Shareholders or other persons entitled to do so in accordance with the terms of the Share Matching Facility wishing to acquire or dispose of Ordinary Shares will be able to leave an indication with BritDAQ that they are prepared to buy or sell at an agreed price. In the event that BritDAQ is able to match that order with an opposite sell or buy instruction, BritDAQ will contact both parties and then effect the bargain.



The Company will be posting to Shareholders full details of this Share Matching Facility, and details of which will also be available on the Company's website: www.cleardebt.co.uk



If Shareholders wish to buy or sell Ordinary Shares on AIM they must do so prior to the Cancellation becoming effective.



Neville Registrars will cease to be ClearDebt's registrars and all holders of shares through CREST will be receiving a share certificate shortly.



Information on BritDAQ



BritDAQ supplies Company Secretarial and Share Registrar services to unlisted companies, along with an investor forum and a share matching facility. The share matching facility is handled by Walker Crips Stockbrokers, which is an FCA Authorised Firm.



ClearDebt will be using BritDAQ's forums and shareholder email services to communicate with shareholders in the future. To ensure that shareholders are up to date with all developments, the company encourages them to please register at hxxp://www.britdaq.com. Those shareholders seeking to use the share matching facility will need to upgrade to Gold Membership which is free of charge.

[j777j] 31/5/2017 08:47

ClearDebt Group plc

7th March 2013







CLEARDEBT GROUP PLC ("CLEARDEBT" OR "THE COMPANY")

PROPOSED CANCELLATION OF AIM ADMISSION AND NOTICE OF GENERAL MEETING



ClearDebt announces that it is seeking Shareholder approval for the cancellation of admission to trading on AIM of its Ordinary Shares ("Cancellation").

A General Meeting ("GM") is being convened to be held on 25th March 2013 at 2pm at Nelson House, Park Road, Timperley, Cheshire WA14 5BZ at which a resolution which seeks Shareholder approval for the Cancellation will be proposed.

A circular convening the General Meeting will be posted to Shareholders. Copies of the circular will shortly be available on the Company's website: www.cleardebtgroup.co.uk.



EXPECTED TIMETABLE OF PRINCIPAL EVENTS:

Latest time and date for receipt of Forms of Proxy for the GM 2pm on Thursday 21st March 2013

Time and date of GM 2pm on Monday 25th March 2013

Cancellation of admission to trading on AIM of the Ordinary Shares 7am on Wednesday 10th April
2013

The dates and times are based on the Company's expectation and may be subject to change. Any changes to the expected timetable will be announced publicly.

CONTACTS:

ClearDebt Group plc:

David Mond (Chief Executive Officer) 0161 968 6806

David Shalom (Finance Director) 0161 968 6847

Seymour Pierce (Broker & Nominated Advisor):

Guy Peters/David Banks/Katie Ratner 0207 107 8000



The following information is extracted from a circular to Shareholders (the "Circular") expected to be posted today. Copies of the Circular will be available at the offices of Seymour Pierce Limited (20 Old Bailey, London EC4M 7EN) upon request. Definitions used in the Circular apply in this announcement, unless the context otherwise requires:



Proposed cancellation of the Company's AIM listing

1. Introduction

The purpose of this letter is to provide you with the background to and the reasons for the proposed cancellation of the Company's listing on the AIM market of the London Stock Exchange plc ("AIM") (the "Cancellation"), and to explain why the directors consider this proposal to be in the best interests of the Company and Shareholders as a whole, and to seek your approval to the proposal at the general meeting of the Company convened for this purpose (the "GM").

2. Reasons for the proposed Cancellation

Concerns over the recent share price performance of the Company have led the Directors to undertake a review of the merits or otherwise of the Company continuing to be admitted to trading on AIM ("Admission"). The Directors have concluded that a proposal to cancel the Admission should be made to Shareholders in general meeting. In reaching the decision to propose this to Shareholders, the Directors have taken the following factors into account:-

2.1 given the overall market, the Directors are of the opinion that it is difficult for the Company to attract any or meaningful equity investment through its listing on AIM;

2.2 the AIM Listing of the Ordinary Shares is not offering investors the opportunity to trade in meaningful volumes within the relative market;

2.3 the Company, like many other small AIM companies, has a tightly held register of Shareholders and suffers from a lack of liquidity for its ordinary shares. The current share register shows that more than 61% of the Company's ordinary shares are held by 17 Shareholders. In practical terms, this results in a small free float and low trading volumes, which further reduces demand for the Ordinary Shares;

2.4 it is unlikely that the Company will be able to raise money through a new share issue or issue new shares in connection with an acquisition and therefore the lack of ordinary shares in free float and low trading volumes will continue;

2.5 there is limited investor appreciation of the Company's business areas and increasing difficulty in attracting and maintaining institutional investors in the Company, particularly in the current economic environment;

2.6 the Directors estimate that annual direct and indirect costs of maintaining the listing of the ordinary shares on AIM are at least £93,455. This estimate includes listing expenses and AIM advisory fees (and excludes any indirect costs savings associated with a considerable amount of senior executive time which is currently spent dealing with issues relating to the AIM listing). The Directors consider that these costs are disproportionately high to the benefits of trading on AIM and that these funds could be better utilised in running the business;

2.7 the current economic turmoil and the susceptibility of the share price to the wider general equity market conditions is not to the benefit of the business;

2.8 the impact (at least in the short term) on the Company's share price arising as a result of the new debt management protocol announced on 7 February 2013 which could have a negative impact on the Company's cash flow and profitability in the short to medium term.

3. Process for Cancellation

In accordance with Rule 41 of the AIM Rules, the Company has notified AIM Regulation of the intention to delist, giving at least 20 Business Days notice. Under the AIM Rules, it is also a requirement that the Cancellation must be approved by not less than 75 per cent of those present and entitled to vote or voting by proxy in a general meeting. Accordingly, the resolution set out in the notice of GM ("Resolution") seeks Shareholder approval for the Cancellation. Subject to the Resolution being passed by the requisite majority at the GM, and following a further five Business Days (which must pass following approval by the Shareholders in accordance with the AIM Rules), it is expected that trading on AIM in the Ordinary Shares will cease at the close of business on Tuesday 9th April 2013 with the Cancellation becoming effective from 7.00am on Wednesday 10th April 2013.

4. Effect of the Cancellation on Shareholders

The principal effects of the Cancellation would be that:-

4.1 there would no longer be a formal market mechanism enabling Shareholders to trade their shares on AIM or any other market or trading exchange;

4.2 the Company would not be bound to announce material events, such as interim or final results, material transactions or administrative changes;

4.3 the Company would no longer be bound to comply with the corporate governance requirements for companies with shares admitted to trading on AIM;

4.4 the Company would no longer be required to comply with the AIM Rules (or to have a nominated advisor), and Shareholders would no longer be required to vote on certain matters prescribed by the AIM Rules;

4.5 Shareholders will not be able to read the Company's share price in the daily newspapers;

4.6 interim reports will not be sent to Shareholders and, as a result, Shareholders will only receive the annual report once a year; and

4.7 the Company's CREST facility will be cancelled and although the Ordinary Shares will remain transferable, they will cease to be transferable through CREST. Instead, Shareholders who hold Ordinary Shares in CREST will receive share certificates.

However, the Directors intend to continue to operate the Company for the benefit of all Shareholders. They also intend to continue to keep Shareholders informed of progress and remain committed to high standards of corporate governance. As such, the Directors will:-

4.8 post items of news on the Company's website (www.cleardebtgroup.co.uk);

4.9 hold annual general meetings and general meetings in accordance with statutory requirements and the Company's Articles of Association (the "Articles");

4.10 continue to send to Shareholders copies of the Company's audited accounts each year; and

4.11 operate the Company with the corporate governance appropriate to a company with approximately 280 shareholders.

Following the Cancellation, although the Ordinary Shares will remain transferable they will no longer be tradable on AIM and no other trading facility will be available to facilitate the trading of the Ordinary Shares. Consequently, it is likely to be more difficult for a Shareholder to purchase or sell any Ordinary Shares following the Cancellation. The Directors intend, however, to review on an ongoing basis whether they can facilitate trading on a matched bargain basis in the UK and Shareholders interested in any such potential matched bargain arrangements should contact the Company Secretary, David Mond on 00 44 161 968 6806 in the first instance. Following the Cancellation, transfers of Ordinary Shares may be effected in accordance with those provisions of the Articles concerning off-market transfers of shares in certificated form.

It is the Company's intention to cancel the CREST facility following the passing of the resolutions at the GM and arrangements will be made to send share certificates to those Shareholders (at their risk) currently using CREST.

Shareholders should note that, even if the Cancellation is approved and becomes effective, the Company will remain subject to the provisions of the City Code on Takeovers and Mergers for a period of 10 years. The City Code provides an orderly framework within which takeovers and mergers are conducted and operates principally to ensure that shareholders are treated fairly and not denied an opportunity to decide on the merits of a takeover and that shareholders of the same class are afforded equivalent treatment. The City Code will however cease to apply to the Company 10 years after the Cancellation becomes effective. However, the regulatory regime imposed through the AIM Rules, which applies solely to companies with shares admitted to trading on AIM, will no longer apply. Upon the Cancellation becoming effective, Seymour Pierce Limited, will therefore cease to be nominated adviser and broker to the Company.

5. Expected Timetable of Events


Despatch of this document and form of proxy and notice provided to London Stock Exchange to cancel the Admission

Thursday 7th March 2013


Latest time and date for receipt of Forms of Proxy in respect of the GM

2pm on Thursday 21st March 2013


Time and date of the GM

2pm on Monday 25th March 2013


Expected last day of dealings in Ordinary Shares on AIM

Tuesday 9th April 2013


Expected date of Cancellation

7am on Wednesday 10th April 2013


Each of the times and dates in this timetable is subject to change. If any of the above time and/or dates change, the revised times and dates will be notified to Shareholders by an announcement through a regulatory information service recognised by the London Stock Exchange.

6. General Meeting

The notice convening the GM to be held at Nelson House, Park Road, Timperley, Cheshire WA14 5BT at 2pm on Monday 25th March 2013 is set out at the end of this document to approve, as a special resolution, the Cancellation.

7. Action to be taken

You will find enclosed with this document a form of proxy for use at the GM. Whether or not you propose to attend the GM in person you are requested to complete the form of proxy and return it to Neville Registrars Limited, Neville House, 18 Laurel Lane, Halesowen, West Midlands, B63 3DA, so as to arrive no later than 2pm on 21st March 2013. The completion and return of the form of proxy will not affect your right to attend and vote in person at the GM if you so wish.

8. Recommendation

The Directors believe that the proposed Resolution is in the best interests of the Company and unanimously recommend that you vote in favour of it as they intend to do in respect of their own beneficial shareholdings of 125,565,618 Ordinary Shares which represent the equivalent of 40.68 per cent of the issued Ordinary Shares.

The Directors, those connected with them and other Shareholders have irrevocably undertaken to vote in favour of the proposed resolution in respect of an aggregate of 211,294,246 Ordinary Shares (including the 125,565,618 Ordinary Shares referred to above), representing approximately 68.46 per cent of the issued Ordinary Share capital of the Company.


This information is provided by RNS

[j777j] 31/5/2017 08:41

From lse kt1588Posts: 6Off TopicOpinion: No OpinionPrice: 46.50DelistingToday 08:33I invested here yesterday. The current price v NBV is appealing and I like the business prospects. I plan to hold long term. I don't really mind if the business delists and saves the costs. Also I have sympathy with the point made that the market has not valued the business and it's potential fairly. I used the same strategy with Clear Debt PLC and invested when it announced plans to delist. I listened to the same billboard complaints then but didn't comment. The Directors then delivered me a 329% return on my investment. DYOR GLAI think people are bunching all delistings together.Most delist because they are going out of business.Fusionex is the complete opposite.A bit of patience required and in the meantime get in a position where you vote against the proposal.This really will be the case of every vote counts.

[trewinney] 31/5/2017 08:39

Perhaps collectively we could add shares to an institutional investor,or work
with them?

[lingy] 31/5/2017 08:35

Luckily for me I've only got 437.

[digger18] 31/5/2017 08:19

Can we collectively stop this as they need 75% of the vote.
I guess we need to understand how many we own and decide if we hold and vote against the de-list.
Does anyone have any suggestions how we can do this?
I have 10k shares.

[larva] 31/5/2017 06:08

davidosh

You getting anyone to go along to the EGM in Malaysia on 15 June

[davidosh] 31/5/2017 05:21

ShareSoc are looking into this delisting.