Itsarm Share Discussion Threads

[puphead] 07/3/2023 08:26

£1.2mil is over 2p in share price crazy

[volsung] 07/3/2023 08:21

Out of Style Group

[hamhamham1] 07/3/2023 08:18

I should never have listened to Gruen. Oh well you live and learn.

[genierub] 07/3/2023 08:16

Looks like there are buyers again. Seems like this has been an orchestrated drop. Wonder if insiders start buying this. Adding to ticker list to see where this goes. Seen it all before in AIM. They drop it and then rocket it back up. Punt?

[blackhorse23] 07/3/2023 08:09

Where are those scumbags now?? I told many times this is bankrupt company

[genierub] 07/3/2023 07:59

Only way to recover your money now is go into a news heacy ticket like MATD or others

[wolfofhounslow] 07/3/2023 07:49

They could raised more cash....Defo management kept there jobs hence they agreed to it

[molatovkid] 07/3/2023 07:41

Sell the business, but at least keep it as a cash shell and shareholders in the game. Raise some more money and off we go in a new direction. This is the worst of all worlds.

[ridingthewaves1] 07/3/2023 07:34

Where's hot and cold stocks

[tomboyb] 07/3/2023 07:18

Unfortunately, this is the worst possible outcome apart from going bust -

Very disappointing -

effectively. not even a cash shell on the market -

[tomboyb] 07/3/2023 07:14

he Cancellation

The Independent Directors have concluded that, on the basis that the Company would become an AIM Rule 15 cash shell with no trading business on Completion, it is in the best interests of the Company and its Shareholders to seek Shareholders' approval to cancel the admission of the Company's Ordinary Shares to trading on AIM. In accordance with Rule 41 of the AIM Rules, the Company has noti ed the London Stock Exchange of the proposed Cancellation.

Assuming the passing of the Cancellation Resolution, which will be conditional upon the passing of the Sale Resolution and Completion, it is expected that the Cancellation will take place 20 business days from the day following this announcement.

Pursuant to Rule 41 of the AIM Rules, the Cancellation Resolution requires the approval of not less than 75 per cent. of the votes cast by Shareholders (whether present in person or by proxy) at the General Meeting.

The Independent Directors have considered the bene ts and disadvantages to the Company and its Shareholders in retaining its admission to trading on AIM. The Independent Directors believe that the Cancellation is in the best interests of the Company and its Shareholders as a whole. Following the Sale, the Company will have no trading business and very limited cash resources which the Company intends to distribute through a members voluntary liquidation.

Given the Company's intention to liquidate the Company as soon as reasonably practicable following the Sale and the Cancellation, no matched bargain facility will be implemented and there will be no formal market for Shareholders to effect transactions in the Ordinary Shares following Cancellation.

[tomboyb] 07/3/2023 07:11

Wow -

End of the road for ITS - !!!!!!!

[david gruen] 06/3/2023 15:29

tanked? Losing .1p?

[jameshendrix2023] 06/3/2023 15:28

Why has it tanked so quickly

[ridingthewaves1] 06/3/2023 14:59

There we go

[ridingthewaves1] 06/3/2023 14:54

Pathetic pump didn't work

[ridingthewaves1] 06/3/2023 14:37

No sale no news no buyout