Regtech Open Project Share Discussion Threads

[zen12] 09/12/2024 00:22

Wonder if ECP news of bond sale have any bearing here?Eight Capital Partners plc (AQSE: ECP), the financial services operating company that aims to build shareholder value through the growth of businesses engaged in "Fintech" operations including in the digital banking and lending sectors, announces that, further to its announcement of 22 July 2024, it has signed a binding agreement to sell its holding in the 1AF2 Bond (the "1AF2 Bond") to SFE Equity Investments SARL ("SFE EI") for an agreed price of EUR40 million.

[zen12] 05/12/2024 23:15

Its looks a SCAM alright, what on earth are the FCA doing? This is a fully listed LSE share so investors rely on FCA to protect them and hold BoD to account. FCA must take action and make an example, before they make a mockery of our markets. They requested 'temporary' suspension and promised lifting of suspension by 31st Oct, then on the quite now dropped a bombshell on investors whilst suspended to delist...doing this by using FCA rules of a fully listed share to do this without shareholder approval. This is making a mockery of LSE and FCA. It's time FCA hold this Chairman and BoD to account....SYME will be next if FCA fail to act!

[kemche] 03/12/2024 13:58

Nobby - it's what he does.

[nobbygnome] 03/12/2024 12:48

What an absolute disgrace from begin to end…

[kemche] 03/12/2024 11:52

Coming to a SLYME near you soon.

[zen12] 03/12/2024 11:45

The Chairman & AZ has been misleading investors promising imminent funding for many months and taking shares into 'temporary suspension' and now saying actually it's permanent suspension. FCA cannot allow this, as this is lying to investors.They now in a shady way (whilst suspension) want to delist. I would worry on SYME now as it's exactly the same BOD...cannot be trusted!

[jaknife] 02/12/2024 12:57

Goodbye RegTech Open Project
You stank to high heaven right from the start
So obviously a scam,
odious lies helped you
steal money from retail shareholders
but enriched Alessandro Zamboni
and filled Dominic White's pockets
we will soon forget you though
And then it will happen all over again


JakNife
December 2024

[kemche] 02/12/2024 12:37

I continue to average down.

[tomboyb] 02/12/2024 10:24

delisting -

[tomboyb] 02/12/2024 10:23

2 December 2024



A black text on a white background Description automatically generated



RegTech Open Project plc
("RTOP" or the "Company")



Notice of Intention to Delist, Accounts and Update

RegTech Open Project plc (LSE: RTOP), a technology business specialised in the automation, management, and optimisation of regulatory compliance operations, refers to its shares (ISIN: GB00BS3BDY00) (the "Shares").

The Company hereby gives notice that, having extensively reviewed and evaluated the advantages and disadvantages of a listing on the Equity Shares (Transition) category of the Official List of the Financial Conduct Authority ("FCA") and trading of shares on the main market for listed securities of the London Stock Exchange ("LSE"), the Board of Directors of the Company (the "Board") has resolved to request that (i) the FCA cancels the listing of the Company's Shares from the Official List maintained by the FCA, and (ii) the LSE cancels the admission to trading of the Company's Shares on the LSE's main market for listed securities (together, the "Delisting").

In accordance with Listing Rule 21.2.17R, the Company is required to give at least 20 business days' notice of the Delisting. Accordingly, the Company gives notice today of its intention to seek the Delisting tol become effective on or around 31 December 2024, with the last date of trading of its Shares on the LSE being on or around 30 December 2024.

As the Company is in the Equity Shares (Transition) category of issuers listed on the Official List no shareholder approval is required for the Delisting.

To facilitate the changes summarised above and to prepare for the future, the Company has agreed a plan (the "Transition Plan") the objectives of which are:

· To engage a new Chief Executive Officer who will lead the business and the preparation of a new business plan; the Company has already identified a highly suitable individual for this role;

· To raise additional capital with the support of the controlling shareholder, in line with the new business plan and its working and growth capital requirements;

· To find an exit opportunity for shareholders in the Company who may not wish to remain shareholders in the Company following the Delisting; and

· To explore further opportunities and solutions to support the business, taking into account the medium and longer term potential of the Company.

There are no guarantees in relation to the elements of the Transition Plan; in particular, the timing and identity of the Company's new Chief Executive Officer, the amount and nature of additional capital to be raised, the future working and growth capital requirements of the Company, and the nature and timing of the exit opportunity for shareholders in the Company who may not wish to remain shareholders in the Company following the Delisting.

In addition, the Company has applied for, and been granted, an extension by Companies House for the filing of its year end accounts to 31 December 2024.

[zen12] 01/11/2024 23:11

Few months ago in this video..AZ said what he means is that the funding is definitely coming, it's the timing he is not sure of!https://m.youtube.com/watch?v=3_SNXqh7t3s&t=4309s&pp=ygUVc3VwcGx5QG1lIGNhcGl0YWwgcGxj

[monster500] 31/10/2024 13:50

The Company intends to apply to the FCA for a restoration of its listing following receipt of $2.5m in funding and publication, expected to be on or shortly before 31 October 2024......so where is the MONEY :(

[zen12] 17/10/2024 14:16

RNS - Albert Ganyushin, Chairman has to be one of the worst I've come across. Issues an RNS after many months of CFO resignation, it's laughable as completely ignores the pressing issues on AZ funding/new CEO/Business update/Auditor. A waste of an RNS!

[zen12] 17/10/2024 14:13

RNS - Why not also give an update?

[zen12] 07/10/2024 12:03

Where is the BoD here, AZ funding and new CEO??

[kemche] 01/7/2024 20:07

"The figures" - plural? A tad ambitious.

[zen12] 01/7/2024 18:19

Well you need to ask yourself what they've audited...jack all!Period they were going to audit only ended yesterday...so they haven't yet had any numbers to audit. So done or seen nothing and resigned. The figures will only become available for audit after several weeks of period end.

[nobbygnome] 01/7/2024 17:55

Just makes it cheaper for SYME to buy the company eh kemche?

Oververse

[the spiv] 01/7/2024 17:54

Having an auditor resign after two months is never good news.

I suspect is doesn’t matter that much because RTOP will be in administration in a few months in any case in my view.

[kemche] 01/7/2024 13:25

The auditor has only resigned because the numbers were so huge and their Casio could not cope. Nothing to see here. Move along.

PS - JakNife - filtered!

[jaknife] 01/7/2024 11:11

LOL!

What does an insolvent company need an auditor for?

[bbmsionlypostafter mk2] 01/7/2024 11:10

So it's good news!

[zen12] 01/7/2024 10:45

Good news, not even started properly and already resigned so nothing lost. Will appoint another shortly.

[bbmsionlypostafter mk2] 01/7/2024 07:57

RegTech Open Project – auditor quits after just 2 months




The disaster that is Reg Tech (RTOP) having got its shares suspended on Friday because of continued non-payment of cash promised by Alessandro Zamboni today announces that its auditor has just quit. This is the auditor I warned off Regtech.

Gotcha.