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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Intl Min&IN Crp | LSE:IMIC | London | Ordinary Share | GB00B5WJVL79 | ORD 0.2P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 9.75 | - | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
Date | Subject | Author | Discuss |
---|---|---|---|
30/8/2016 08:27 | Me too. I've told them I want to convert, will see if anything happens. Anyone else got this? | woodpeckers | |
26/8/2016 12:19 | Got a notice of the opportunity for conversion from Barclays today. Is this valid? I guess not | deadly | |
23/8/2016 07:39 | iWeb posted today:Following our notification advising of the opportunity to convert CLNs into Ordinary shares, it has come to our attention that the Company is unable to offer a Conversion Opportunity at this time.The Company's Ordinary shares' listing on the Alternative Investment Market (AIM) was cancelled on 9th November 2015. On 29th April 2016, the Company announced that its cash position was approximately USD5.5 million and together with a loan, would see the Company through until August 2016. Additional funds would need to be raised in the intervening period and should the Company fail to secure additional financing, the Board of Directors of IMIC considers it likely that the Company would become insolvent and insolvency proceedings, such as administration or liquidation may commence.Please note that should you have elected to convert your CLNs all elections are therefore null and void.We will write to you upon receipt of any further information from the Company regarding its financial position and the status of the CLNs.Should you wish to find more information about the CLNs, please visit the IMIC website, www.imicplc.com/. | che7win | |
20/8/2016 01:00 | Please note that International Mining & Infrastructure Ordinary Share are not currently listed on any stock exchange and as per condition vi we expect that the Company will reject any instructions to convert the Loan Notes until the Ordinary Shares are listed on a stock exchange. The second opportunity to convert the Loan Notes will be 19 December 2016, should you wish to convert your Loan Notes at this opportunity you should contact us on 0117 900 9000 before noon Friday 9 September 2016. Above applies to Hargreaves Lansdowne. Some, including TD Direct, to reapply automatically if request was made last time out. | noirua | |
09/8/2016 12:25 | UPDATE 1-China iron ore extends gains to 2-yr peak as steel keeps strength 09/08/16 19:00 EST | noirua | |
05/8/2016 07:27 | Thank you Noirua. I hold the certificate myself. | parthus | |
04/8/2016 10:09 | parthus, TD Direct Investing ( TDW ). If your holding is with a broker that does not deal direct with companies then you must elect to convert, if you wish to do so, at a date in September. If your broker deals direct, then November. | noirua | |
03/8/2016 12:15 | Anyone have any idea why some investors contacted the SFO about IMIC? | alexm72 | |
03/8/2016 00:50 | Hello Noirua Can you please tell us where you saw this ? Many thanks | parthus | |
03/8/2016 00:00 | Loan Notes will Not be Converted: Please note holders that elected to convert their Loan Notes to Ordinary shares at the last opportunity have not had their Loan Notes converted. Unfortunately, there was a listing failure with the company and your Loan Notes were not converted. Your election has therefore, been retained for the next conversion opportunity, which will take place in September and paid in November. If however, the conversion does not take place your loan notes will then be credited back to your account. | noirua | |
01/8/2016 10:35 | I'm sure legally any loan note holder could try winding up the company by means of a statutory demand, on the grounds that the company has not listed and therefore not complied with the conditions of extending the maturity date of the loan notes. Unfortunately as the company has no money this would only incur legal costs for no benefit. | 1buy and hold | |
28/7/2016 17:06 | Thanks Noirua. Livic - would still be interested to find out what you contacted the SFO about as I want to know how badly IMIC has misbehaved, what we have on them and whether there is a strong case against them. Thanks | alexm72 | |
27/7/2016 13:48 | alexm72, not in response, the August deadline date for refinancing looks the most important. The company may well become insolvent. The alternatives look bleak as the vultures hover and the lions wait to eat up the carcass for nothing. | noirua | |
27/7/2016 12:09 | hi Noirua - just clarifying that your 90-day Notice message is not in response to my SFO query that Livic mentioned... thanks | alexm72 | |
27/7/2016 11:58 | Form of 90-day Notice - 1 Loan Notes can be converted on 19 June and 19 December each year -- IMIC have sufficient funds until August 2016. Further funds must be raised by then. If IMIC fail to obtain funds the company will become insolvent. | noirua | |
20/7/2016 18:41 | Livic - I was interested in your mention of the SFO and IMIC... what did you contact the SFO about in relation to IMIC? The departure of the nomad Strand Hanson, or the Afferro deal?? | alexm72 | |
22/6/2016 14:43 | They probably argued that because they werent a listed PLC anymore the six month deadline could be changed back to that of a normal unquoted company. The longest any 'normal' company can leave it is nine months, so the accounts were due to be filed by 31.03.16 Nearly three months late on that new deadline. | nav_mike | |
22/6/2016 12:56 | There must have been good reasons given when 'striking off' proceedings were not proceeded with in March 2016. | noirua | |
22/6/2016 12:13 | I can't foresee anyone lending money to a company which is 6 months overdue filing its accounts, though stranger things have happened. | 1buy and hold | |
21/6/2016 13:47 | I doubt China cares if Loan Note holders lose all their money or not. However, it looks as if they want IMIC to still be there when the next iron ore boom arrives, whether 2020, 2025 or longer. Agreements with the company by Chinese infrastructure suppliers are important. How IMIC will manage to squeeze out a loan agreement remains behind smoke and mirrors. | noirua | |
20/6/2016 22:25 | INTERNATIONAL MINING & INFRASTRUCTURE CORPORATION PLC INTERNATIONAL MINING & INFRASTRUCTURE CORPORATION PLC - Filing history (free information from Companies House) INTERNATIONAL MINING & INFRASTRUCTURE CORPORATION PLC - Officers (free information from Companies House) International Mining & Infrastructure Corporation plc Contact Us | IMIC | noirua | |
08/6/2016 23:43 | Be assured that even if they manage to remain solvent, which, with $200M of listed Irish debt I seriously doubt, us loan note holders will get nothing. | horneblower | |
08/6/2016 22:53 | IMIC have sufficient funds until August 2016. Further funds must be raised by then. If IMIC fail to obtain funds the company will become insolvent. | noirua | |
05/6/2016 22:51 | Cooper departs just as the Panama Papers and Global Witness expose corruption in Liberia, leading to indictments for senior political figures. Perhaps he reckons a low profile is in order. | gheebee |
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