U.k. Spac Share Discussion Threads

[wrtmf] 28/7/2022 11:30

time has moved on and now we're looking at mid-aug, at the earliest, for some action

[jakes114] 25/7/2022 17:21

relisting Nov more like

[felchandbart] 14/7/2022 11:31

Good to see some interest in MXC today. Sector appetite. Augurs well here.

[wrtmf] 13/7/2022 06:05

july relisting slipping away fast

[wrtmf] 10/7/2022 06:17

looking for news mon-weds for best chance of relisting in july

[wrtmf] 09/7/2022 21:18

New Report Calls For Establishment Of Government ‘Single Steward Authority’ To Overhaul UK Cannabis Regulation

[wrtmf] 09/7/2022 03:22

'Nearly half a million more adults in England are now taking antidepressants compared with the previous year, according to NHS figures.'

[boxerdogz] 06/7/2022 10:14

We do Mister

[mister md] 06/7/2022 10:12

We deserve a multi- bagger after waiting so long

[wrtmf] 06/7/2022 08:06

one hopes!
gla

[boxerdogz] 06/7/2022 07:34

Good things come to those who wait

[wrtmf] 06/7/2022 06:42

an egm/prospectus announcement up to wed 13th would still comfortably allow for a relisting in july. i just think thurs/fridays are unlikely.

ref 'final details', with scrutiny involving fca completed, focus switches to lse main market admin in prepn for a yes vote?

[masergt] 05/7/2022 15:10

"The contents of the prospectus have been approved and the advisers and the directors are working on the final details before convening the EGM ahead of completion/admission."

Whilst all comms from PJ are welcome, and with his eminent legal background in mind, I'm a little confused/cautious here. By "contents", is he referring to the final draft prospectus? Or is he saying the eligibility committee have approved it? If the latter, what final details are being worked on? Listing application or EGM details?

The approval procedure is necessary reading (link courtesy of wrtmf):

As this is an RTO not an IPO there's no need for a marketing stage, afaik, but Fig 1 pg 3 makes it clear that a separate listing application process follows approval of the prospectus:

"We conduct our eligibility reviews at the same time as reviewing the prospectus or
other document, completing them when the document is approved, if applicable.
Both document review and eligibility review processes occur ahead of marketing
the securities that are the subject of the transaction. Once marketing is complete,
the securities are subject to a formal listing application process and after that the transaction can be completed (assuming that all the relevant conditions are met) and the securities admitted to the Official List."

Circulating the prospectus and convening an EGM are in PJ's control so my guess is that he, the BoD and advisers are working on that listing application. With two weeks notice required for an EGM it's looking like August at the earliest for completion, again down to the FCA. Can't be helped.

It will have been a long year - or 17 months if you go back to the creation of UK SPAC plc. I never anticipated such a wait nor all the stuff that's happened in the meantime. We don't even know if the founding investors pulled their initial stake out and relied on the warrants for a return. Did they covert them? I can't imagine they're too happy at the delays though.

It's unusual for a Chairman/CEO to ask an advfn poster to air a response in which he gives an informal sitrep and outlook. Given the possible interpretations of his above wording and the further delay since his last Investigate announcement perhaps he'd be kind enough to issue a more formal statement as to where we currently stand. If the FCA has indeed approved the prospectus that would at least give us and the markets something positive to chat about.

[boxerdogz] 03/7/2022 13:12

Susiebe

Many thanks for the post.

[wrtmf] 02/7/2022 21:06

susie hits it out the ball park!

[gozo] 01/7/2022 18:38

Thanks Susie

[susiebe] 01/7/2022 17:53

I contacted Peter Jay to ask him about the current position in view of the claims being made by certain posters.
He has asked me to post his response on ADVFN .....

I resent anyone casting doubt on the intentions of the directors of UK SPAC or Hellenic  and I can assure you that this transaction is as far from being a “con” as you can get. It is complex, has taken up most of my working time for the last two years and has (with thanks to the FCA) taken far longer to complete that we had anticipated. The contents of the prospectus have been approved and the advisers and the directors are working on the final details before convening the EGM ahead of completion/admission.

All parties involved are excited about the prospects for the new business.

I can assure you that, as a former partner (and later senior partner) in a leading West End law firm  and then partner in one of the leading national law firms I have never been and would never be involved in any scheme intended enrich the directors at the expense of shareholders. The intention of the transaction has always been to return greater value to the shareholders of the former Mountfield Group than they would have received if the Company had been place into Members Voluntary Liquidation following the sale of its former trading operations.

Directors' fees have been modest and the reward for us will in the form of options so we will only gain if the shareholders do so as well.The allegations are fanciful and clearly defamatory and made by someone with too little knowledge and too much imagination. An unhappy combination.

Kind regards

Peter

[one_frankel] 01/7/2022 11:18

...But BoxerMugz sorry Mahmood apart from all the gunts or whatever have you!

...Why don't you tell the masses how you tried to deceive investors on the Pires thread with all your fantasising as renowned investor Stephen Jones but we soon discovered that you're not and are just an unfortunate fra_ud from the shanty towns of Birmingham, aren't you?

...Also while you're at it Mahmood, why don't you also tell them how you made a 'Supposed' £200k in ARB last year and yet have the audacity to make comparisons between Mode and ARB, hehe!

...Is this all fantasy investing from a clearly 'Unlearned' fo_ol and trying to live a life away from all that destitution you're surrounded by?

[boxerdogz] 01/7/2022 07:58

One_Frankel30 Jun '22 - 21:06 - 1197 of 1198 (Filtered)

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muchodinero1 Jul '22 - 08:34 - 1198 of 1198 (Filtered)

A pair of Gunts

[muchodinero] 01/7/2022 07:34

I agree this is looking like a AIM con job with investors just taken on a fantasy ride so management can make a few quid so it appears..I hope it isn't that way but it's not looking good is it?

[one_frankel] 30/6/2022 20:06

...But BoxerMugz sorry Mahmood apart from all the gunts or whatever have you!

...Why don't you tell the masses how you tried to deceive investors on the Pires thread with all your fantasising as renowned investor Stephen Jones but we soon discovered that you're not and are just an unfortunate fra_ud from the shanty towns of Birmingham, aren't you?

...Also while you're at it Mahmood, why don't you also tell them how you made a 'Supposed' £200k in ARB last year and yet have the audacity to make comparisons between Mode and ARB, hehe!

...Is this all fantasy investing from a clearly 'Unlearned' fo_ol and trying to live a life away from all that destitution you're surrounded by?

[boxerdogz] 30/6/2022 19:45

muchodinero30 Jun '22 - 17:13 - 1195 of 1195 (Filtered)

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A GUNT speaks xxx