U.k. Spac Share Discussion Threads

[solarno lopez] 15/11/2022 07:55

Now look at Cantourage medicinal cannabis grower whose listing last week soared by 200%

[molatovkid] 15/11/2022 07:47

We are saved! Praise Be !

[rivaldo] 15/11/2022 07:28

It begins.....

[sweet karolina2] 11/11/2022 10:28

It should also be published on the website so you don't need to wait for snail mail.

[boxerdogz] 11/11/2022 09:52

Ta fella, looks promising

[wrtmf] 11/11/2022 09:50

fwiw

barry5, lse, yest 18.45:

My elder son received this from Peter earlier this afternoon.

Hi Neil
I am very pleased to tell you that you and all other shareholders will the copy of the prospectus and the notice of EGM within the next 2-3 days.
Kind regards
Peter

So it looks like we should be expecting the prospectus by the middle of next week. We probably need to add a couple of days for HL, AJ Bell etc to get it though to those of us who have our holdings through them.

I think we are nearly there after a long wait and I'm hopeful the wait will be well worth it. This is a family holding for me and my two sons so we're all quite keen to profit from it.

GLA

--
thanks 'barry' for sharing.

[sweet karolina2] 10/11/2022 08:18

A real world example of what a cashless AIM rule 15 shell is actually worth is here:



The key bit which tells you what it is worth is:

"Joy of joys the news they had been praying for came on 26 May 21. An RTO of BiVictriX was in the bag and a GM called. The RTO and placing price was 20p, except that was after a 220:1 consolidation so in effect 0.09p

At the RTO and placing price BiVictriX was valued at £5,500,608.20 the placing raised £10.1 million before expenses. The now cashless shell and therefore just the AIM listing, which costs about £500k to get by IPO was valued at £589K. Ie about £89k more than it was worth and the shareholders then rejected the deal and got nothing.

BiVitriX did an IPO and placing onto AIM. It raised £7.5m Gross. The 20p shareprice shot up initially and hit over 30p but has since dropped back to 20p."

SPC has cash, (just under £2m), but that figure is dropping. How much to pay for that cash? It is worth more than its face value, but how much more?

[sweet karolina2] 08/11/2022 00:25

I was not suggesting you actually buy, just a way to get an inside track on what is really going on. But as there is nothing you could do with the info as you don't want to buy there would not be much point. Sit back and wait and see what happens.

[boxerdogz] 07/11/2022 14:05

Negative goons everyhwere

[puzzler2] 06/11/2022 10:04

This is not a priority for the useless FCA. No hope of a November re-list - "shortly" is probably mid 2023, if at all. In my mind I've written off my small investment here.

Puzzler2 - 05 Nov 2021 - 22:47:50 - 688 of 1335 U.K. SPAC PLC - - SPC
Personally, I'm starting to think that my small investment here is a write-off - can't see this concluding by 2 February.

[wrtmf] 06/11/2022 09:02

16nov would be the last day for a nov relist

[boxerdogz] 02/11/2022 18:49

masergt21 Oct '22 - 18:36 - 1309 of 1329
0 5 0
Thanks for sharing, Bill. Problem here again is PJ's wording.

This clown has a AXE to grind for sure against PJ


hmmmmmmmm

Sour grapes, I doubt he is invested but soe jealous bitter Troll

Pizz off to your UKIP thread goon

[wrtmf] 02/11/2022 14:32

Number of community pharmacies in England
11,636

--
'New data seen by BusinessCann reveals that the number of medical cannabis prescriptions grew far above estimates last year, while the number of pharmacies requesting licences for cannabis-based products for medicinal use in humans (CBPMs) was close to 1,000. '

[sweet karolina2] 02/11/2022 11:25

A few philosophies I find helpful:

Any business transaction, which is not a scam / con (no suggestion any of this falls into that category), is a compromise between 2 parties that is mutually beneficial to both parties. Look at it from both sides and ask why is this good for both? If it only looks good from one side, it is likely to fail in one way or another (could also be an indicator that it is a scam / con).

What does Hellenic want that SPC has (had)? Answer: a listing and cash. Why does it want a listing? Answer: to gain credibility and to be able to raise cash. Originally Hellenic saw a route to an AIM listing and just under £4m cash already in the bank. A lot has changed in terms of what SPC now has to offer, all of which can be obtained in ways other than RTO of SPC.

Always ask what is it worth to both parties - what something is worth may not be the same as what would it otherwise cost - money in the bank is worth more than money that has to be raised. A direct approach by a Greek pot company to either AIM or UKLA to get a listing may not have been so easy, but once certain hurdles are clear on the RTO route, they are also clear on other routes (UKLA were / still are? concerned about admitting a Greek pot company. If those concerns have been dealt with for an RTO they have also been dealt with for an IPO). In terms of both cash and gaining kudos from listing, SPC is less valuable to Hellenic now than it was on suspension - AIM Rules automatically suspend trading when the RTO is announced - you will never know what is coming in whilst you still have the opportunity to get out if you don't like it.

Thus understanding the rules (which can change over time and are not always consistently applied / enforced) and their full implications is key to making the right investing decision for you. There will always be an opportunity to get in if you like it ie either through the RTO placing (absolutely has to be one now there won't be £4m already in the bank) - just let Peterhouse know you are interested and be prepared to become a client of theirs once you have read and fully understood the prospectus, or in the market on listing.

We will see with SPC, but my view is the placing will be done at less than 0.3p and probably less than the 0.195p of the last placing before suspension. If the price on start of trading is too high because Hellenic have paid too much for SPC, then it will tank and you can get in in the market, but it is your choice to make not a situation where you have no choice because the shares are suspended / delisted.

RNS reading:

Anything in the past tense should be true and Nomads are supposed to assure that they are true. Nomads generally fail in this regard, so do not rely on that assurance. However place even less reliance on unassured communications (e-mails from the CEO or even letters to shareholders published on the website and even less on BS from people like Proactive Investor who are paid by the company to spin for the company). Always read carefully exactly what is said to have happened - it will very likely be ambiguous. Additional information provided outside the assured route may well be deliberately intended to exploit the ambiguity and make you think the more optimistic interpretation is correct, when it is the reverse.

In short read carefully and apply critical thinking. Doing this at the time, rather than retrospectively, is what helps you guard against making poor investing decisions.

Anything in the future tense should not be relied upon at all (expected, proposed, shortly, etc). You must make you own judgement based on critical analysis of all available information to determine the likely risk reward balance. This is what should drive your investing decisions.

Once you enact your decision (buy, sell or hold) you own it, you have no one else to blame for it but yourself, you get the outcome (0p or 100 bagger and anywhere in between) you deserve.

Finally and most importantly of all: always learn from both good and bad outcomes by reflecting on why you made the decisions you did and how you could make (even) better decisions in similar circumstances next time.

[sweet karolina2] 02/11/2022 10:02

"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."

Had Mountfield gone into MVL following the sale of its assets, the outcome for shareholders would have been 0p. There was no cash in the pot following the sales. It was only the placing which put any cash into the pot.

Worth noting the subtle change from:

"UK SPAC's Board commented some months ago that its criteria when choosing its RTO partner was to find one that was likely to bring value to both the pre-March 2021 shareholders of Mountfield Group Plc and to those who subsequently became shareholders in UK SPAC. We remain satisfied that our choice was the correct one."

Ie only about avoiding 0p now and not about achieving at least 0.3p. They sucked up to Warrant holders in early Jun to encourage them to exercise at 0.3p - none then did and although woolly words (not expected rather than will not be) were used, it appears those warrants have now expired.

[pierre oreilly] 01/11/2022 12:44

At the speed this is going, everyone involved with this must be growing the dope and then smoking it.

[sweet karolina2] 01/11/2022 12:18

"shortly receive a copy of the prospectus"

The s word again! The detail will be in there and the announcement gives no clues as to whether it is going to please existing shareholders or not.

Time (shortly) will tell.

[felchandbart] 01/11/2022 11:33

Shouldn't be too long now, hopefully. It's been a bloody long wait but light at the end of the tunnel. Fingers crossed, we'll have a listing before Christmas. or very early 2023.