Molecular Energies Share Discussion Threads

[shabs2] 26/4/2024 10:14

RIP MEN - PL go to HELL!

[mcunliffe1] 26/4/2024 08:15

Unless PL and/or associates quietly hoover them up before some future announcement that boosts the company value.

[all in eol] 26/4/2024 07:03

Molecular Energies plc (AIM: MEN), provides an update on the matters described in the circular to shareholders dated 28 March 2024 and further information on shareholder communication following cancellation of the admission of the Company's ordinary shares to trading on AIM ("Cancellation").

Cancellation of admission to AIM

Cancellation will take place at 7.00 a.m. on 29 April 2024. The final day of dealings in the Company's shares on AIM is today, 26 April 2024.

Website

The current format of the website of the Company will be re-structured and will be live with effect from 1 May 2024.

The website will provide up to date information with regard to all material developments of the Company and members of its group. Whilst some sections of the current website will no longer be applicable, in order to promote transparency as a private company new features will be added with the aim of strengthening the connection between the Company and its remaining shareholders.

Communication

Molecular recognises that as a private company, it is imperative to ensure that those who came on its journey are kept regularly informed.

Accordingly, Molecular will publish news of all material developments both on its website and via its social media accounts, which it will continue to maintain. A regular newsletter providing business updates will be issued with the first anticipated by 30 September 2024, by which date the Company anticipates that it will publish its annual accounts for the year ended 31 December 2023. The Company will maintain its shareholder communications email address - [e-mail] - and investors wishing to receive these regular updates or enter into dialogue with the Company are encouraged to email that address requesting to sign up.

Dealing Arrangements

The Company's ordinary shares will be admitted to trading on the JP Jenkins securities matching platform from the 29 April 2024.

JP Jenkins provides a securities matching venue for unlisted or unquoted assets in companies, enabling shareholders and prospective investors to buy and sell shares on a matched bargain basis. JP Jenkins is a trading name of InfinitX Limited and Appointed Representative of Prosper Capital LLP (FRN453007).

Shareholders wishing to trade these securities can do so through their stockbroker. Trades will be conducted at a level that JP Jenkins is able to match a willing seller and a willing buyer. Trades can be conducted, and limits can be accepted, during normal business hours. Shareholders or potential investors can place limits via their existing UK regulated stockbroker.

The indicative pricing for the ordinary Shares (ISIN: GB00BMT80K89), as well as the transaction history, will be available on the JP Jenkins website at (

The provision of the matched bargain facility will be kept under review by the Board and, in determining whether to continue to offer a matched bargain facility, the Company shall consider expected (and communicated) shareholder demand for such a facility as well as the composition of the Company's register of members and the costs to the Company and shareholders.

[masergt] 25/4/2024 20:22

HL are in a mess. Losing business to everyone. Share price tanked. Greed and client contempt has cost them.

[andyhill27] 25/4/2024 19:26

HAd the following from HL - assume may also be an issue for other brokers?
Why could they mot inform me of this earlier..........


Thank you for your e-mail.

Molecular Energies Plc have announced they intend to appoint JP Jenkins as a matched bargain facility for holders to attempt to sell their stock after delisting.

Ordinarily we are able to submit orders to JP Jenkins, however the company is in the process of reforming their trade execution system. When that process is finalised, HL will need to establish a new framework of handling these orders, however it is unclear how quickly this can be done and what changes it will require. Therefore there will not be an option to submit matched bargain orders immediately after delisting. Given that there are a number of factors involved, at present we cannot guarantee that you will be able to sell your stock using the company's appointed matched bargain facility.

I hope this is explanatory, however please do not hesitate to contact us again should you require anything further.

Kind regards

[masergt] 25/4/2024 16:11

And what good is that to us?!? PL shafted PI's.

[mcunliffe1] 24/4/2024 07:59

Nasdaq reported to be sniffing at AIM

[nafnaf3] 24/4/2024 06:07

Sharp rise in Aim delistings casts doubt over City of London’s future

[oilinvestoral] 23/4/2024 09:59

PiperPeterSorry to say but the gig is up! Lots of wishful thinking in that post. What will it take for you to see things with some realism? Administration? Insolvency? Or PL holding up a sign saying "you've been had"? In sympathise with you because I know what investing a large percentage of your life savings can do to logic & rationality. Unfortunately been there myself with some dogs in 2014-2017 days

[brasso3] 23/4/2024 09:51

Stockholm syndrome!

[piperpeter] 22/4/2024 16:42

Oil production from Argentine asset remains robust....

Sep '23.....5,393.733 m3.
Oct '23.....5,518.192 m3.
Nov '23.....5,111.886 m3.
Dec '23.....6,200.861 m3.
Jan '24.....6,420.292 m3.
Feb '24.....6,278.141 m3.
Mar '24.....6,639.094 m3.

Approximately 41,826 barrels of oil for March '24 should help to keep the monies owed flowing back to Molecular Energies.

Pp.

[rizzzla] 22/4/2024 16:23

Naf just tell your broker you wish to sell 10000 shares at £10 each
If they can find some one who willing to Pay £10
Deal done
You are in control of what you willing to deal at

Same way the company can indicate that they are willing to buy 10000 shares at £5
If someone wants to sell them for £5.00 deal done


Far less manipulation

[piperpeter] 22/4/2024 15:07

So, what's the general feeling with regard to where the Company could be in the next 6 to 8 month months, and what salient information can be extracted from the last few RNS's?

Money raised privately for expansion/acquisition?
Mr. Levine putting up more investment money?
Final Investment Decision made on Hyso Limited?
Major investment into Sustainable Aviation Fuel (Molecular Aviation)?
Aton 6, Hyso, and Dual Fuel all generating revenue?
Molecular Energies continues to receive regular payments, with additional US$2 million to be received in September?
New companies created to join the Group?
Parts of the Group listing separately on a stock exchange, possibly away from London?

Pp.

[nafnaf3] 22/4/2024 13:14

Anyone any experience on using Matched Bargain Dealing? How does it work? I am with Halifax, presume I will get a Cert and use a known JPJ broker for buying/selling MEN share but is there any indication of share worth when using Matched Bargain Dealing or do you just set a price on buy/sell when trading and hope it is accepted?

[rizzzla] 18/4/2024 14:33

Id advice keeping them in crest with your broker if they use JPJ
Their digital platform wend live last month so it will be a lot easier for brokers to trade if there signed up

[chris cat] 18/4/2024 11:37

Spag.....I have similar tails of woe from AFR, PTR, AMC, TMAN. Agree on the Education point, I only hope my kids listen where I wouldn't

[spagboll] 18/4/2024 10:54

Hello all just writing to join the annoyance over this. I am down £12k, been holding for years, not as bad a loss as some I see but I agree with the comments re Levine retaining his holding and getting interest on loans whilst shareholders pay out. A pyramid scheme really. I've called my broker as they told me they were going to sell all holdings tomorrow. I have asked them to send the certificate to me. I will keep it to tell the story to my kids, I will put it with my UEN, SER and OXS ones. £12k for educating my kids, who knows if that will be good value! Good luck all.

[chris cat] 18/4/2024 10:12

From memory, Paraguay was on the balance at around £40m. I guess MEN is now effectively a holding company for 3 main assets :-
1. ATOME
2. GHC etc.
3. The debt due from the sale of the Argentina assets

Anyone think any different.

VFP/Rob...so sorry to hear you have lost so much, I have lost a fair bit too but nowhere near those levels thankfully. I will continue to hold as the value of my investment is now so negligible, I'd barely be able to take the family for a decent meal.

[all in eol] 18/4/2024 09:58

CURRENT TRADING AND FUTURE PROSPECTS

On 1 March 2024, the Company announced an update on various corporate and trading matters. In particular, the Company highlighted that the Tapir x-1 exploration well at the Pirity Concession in Paraguay had been suspended due to drilling difficulties. This well has now been abandoned. The Company, along with its partners in this well, are still reviewing what next steps they should take regarding the Pirity Licence. It is highly probable that the Company will decide to terminate all exploration activities in Paraguay which will lead a complete write off of the Company's investment in that country in the current financial year.

[nafnaf3] 18/4/2024 08:38

Massive lost here too but 50/50 on buying more at these prices and hope it eventually comes good but obviously concerned about delisting & how to buy/sell shares off market??? One thing that bothers me so much is Paraguay Drill was suspended but equipment remains on site??? Everyone presumes duster but nothing offical therefore these shares could still be the golden ticket but wishful thinking I suppose. Still massive undervalued regardless but too many smoke & mirrors for serious investors

[robo63] 18/4/2024 08:14

Victor,
Unfortunately I'm in a similar boat and probably more underwater if you consider I sold a 1977 911 turbo with 30k on the clock to buy more mrp, current value around 130k. 😔 PL is 🍆

[brasso3] 17/4/2024 15:49

Nice to see you still around Victor.

I think it was 12 years ago when we met at the MRP AGM/EGM. What a sad journey its been with this one since those Steve Gutteridge days.