Location Sciences Share Discussion Threads

[plunge] 19/2/2024 13:58

RIP Location Sciences

[andre] 02/2/2024 08:14

Last accounts published showed the wages bill at around double the turnover. Add in the costs of being listed and they need to seriously go some to turn this one around.

[ries] 30/1/2024 13:11

Location Sciences Group PLC (LSE:LSAI, OTC:PXAMF) (LS) jumped 30% as it published details of its reverse takeover (RTO) by e-commerce tracking software specialist Sorted.

The business will be called Sorted Group Holdings going forward with a new management team comprising Carmen Carey as chief executive and Mahmoud Warriah as CFO alongside Petar Cvetkovic as a non-executive director.

LS shares are being consolidated on a 625 into 1 basis with a £2 million fundraising to follow the RTO at 87.5p a share.

Sorted specialises in software for e-commerce delivery services for smaller, independent start-ups through to large, global enterprises such as Marks & Spencer, ASOS and Asda, all of which are customers.

After a major reorganisation in 2021, Sorted implemented an automation programme and re-focused the business on shipping, tracking and returns.

For the financial year ended 30 September 2023, Sorted's total unaudited revenue was approximately £6.5 million.

Location Sciences shares rose 0.04p to 0.18p.

[timbo003] 30/1/2024 10:30

New website:

[cancun tango] 25/1/2024 07:47

Wow, that loan facility looks like a great deal. Unfortunately, it looks like a great deal for Bidco 3 not LSAI

[cancun tango] 24/1/2024 18:24

The Company currently expects to publish an AIM admission document (the "Admission Document") in respect of the Proposed Acquisition by the end of January 2024 at the latest, following which point the Company will seek the restoration of trading of the Company's ordinary shares on AIM.Should get good news soon

[ries] 08/10/2023 13:58

Encouraging update.

[plunge] 05/7/2023 09:33

It is nice to see the Board is finally pulling their fingers out. Fingers crossed.

[ries] 04/7/2023 10:58

From across the way.

[boffster] 26/6/2023 16:15

This company appears to just have become a vehicle for transferring wealth from the company into the pockets of its directors. Directors remuneration is 3 x the company's revenue, its criminal. How the directors can say they're acting in the interests of shareholders is beyond me. I see Nigel Burton is on board, the 'good doctor' also being involved in the fraudulent farce that is Deepverge.

I have some near worthless holding here but I would like to take some action before the directors pilfer all the company funds, be that either removal of directors or a petition to wind up the company, any support for this here?

[ries] 27/2/2023 22:48

Also from Muck165 from lse

hxxps://what3words.com/news/general/boohoo-group-now-delivers-to-what3words-addresses

[plunge] 15/2/2023 15:24

I am not aware of any news.

However, given the recent rise, I would hope there is something to it. Then again, unless we hear something positive from the BoD, it may just be a false dawn.

[ries] 15/2/2023 15:17

Movement, any thoughts.

[manual dexterity] 15/2/2023 13:02

£4million to play with.

[manual dexterity] 13/2/2023 09:36

They will looks for a business but they have enough cash and BOO HOO contacts to make it happen.

[manual dexterity] 08/2/2023 14:30

Boo Hoo chaps bought at 0.20p. So i Suspect it will probably go beyond that.

[david gruen] 08/2/2023 12:52

A shell to reverse into.

[manual dexterity] 08/2/2023 11:41

Effectively a shell. But some prominent investors on board.

[manual dexterity] 07/2/2023 09:02

Boo Hoo founder owns i think around 10% of this company. Acquired at 0.20p.

[david gruen] 06/2/2023 11:14

I did try and let you know....

[the crypt] 18/1/2023 14:02

May your eggs be fried!