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Last post: Neddy1, 22 Jun 2024 10:05
Keep dreaming antelope, reality is we have been done here.
Very disappointing, all smoke and mirrors. Just frustrating for investors who have been blindsided. small stocks run by crooks - needs governance, getting out of control.
No reason to assume that. Last news was 24th April, which stated that the next submission to the FCA, with audited accounts, would occur 'within the next few weeks', Assuming then that they were submitted by about 20th May, there's been one month passed by since. So in theory, we could hear soon. Unless of course another resubmission is required.
Dead Duck
"Summer 24" is the new timeline stated. The weather seems to be showing no sign of summer. At this rate, we might skip straight from spring to autumn and the BOD can carry on doing nothing.
Started: HooIsWho, 6 Jun 2024 12:46
Last post: HooIsWho, 6 Jun 2024 12:46
Seems to be restarted as an affiliate website with commission ads going to Groupon etc. I don't remember them announcing in any PR or filings that they have started selling assets and/or that they are restarting TablePouncer. Does this mean they sold it off the books?
Started: applebee, 18 Apr 2024 07:46
Last post: Torino, 20 May 2024 12:02
Yeah I’m not expecting anything here until July/August.
Well I hope the Philipino lot don't run out of patience
Not just the accounting audit though. There's the to and fro with FCA too. I've resigned myself to not hearing anything on this for a while. Think end of summer was mentioned in the last RNS.
Anyone know how long it takes to audit accounts?
This is tedious now ! Why do I do it to myself, waits an age for HELD !! And what a shxt show that was and even worse now !!!! No more after this !
Last post: antelope, 1 May 2024 10:25
Sheesh. It's May.
So it seems were waiting on the target company to provide numbers that are formally audited. So we're waiting on some accountants. Good to know the ball's still rolling though.
Next few weeks or month we Will find out. Hopefully double treble the price we paid. Really need this to work out.
Amala Foods Plc
("Amala" or the "Company")
Transaction Update
Amala Foods Plc (LON: DISH) is pleased to announce a further update following the Temporary Suspension of its listing on the Standard Segment of the Official List of the Main Market that was first announced on 9 November 2023 and subsequently on 4 January 2024.
The Company is pleased to update the market that the announced transaction continues to progress. The Company has made further prospectus submissions to the Financial Conduct Authority (FCA) and anticipates its next submission within the coming weeks once the audited numbers of the target company are available.
As previously announced the target company is a newly formed healthcare group, Healthcare Medical Plus Pte Ltd with a Philippine subsidiary, Dialysis Care Plus Inc, which is building dialysis centres in the Philippines where the market for dialysis services is growing substantially every year. The group continues to grow and has executed agreements to acquire, prior to Admission, of a diagnostic centre, that has a multiyear positive track record. In addition, the group has formed a new subsidiary, VidaHealth Inc which has funded a new diagnostic clinic where it has a 70% interest and has an Option to build a further 50 diagnostic centres.
The Directors are targeting that the transaction will be concluded in the summer of 2024 and the Directors will provide further updates to the market in due course.
Whilst the Directors are confident that a successful transaction will result in a Reverse Takeover, subject to regulatory approval, there can be no guarantee of such.
When did you receive this email?
Thank you very much for asking the question and more importantly, sharing the response with us all here. So sometime this month fingers crossed.
Also, if they've submitted the prospectus, the rest of the regulatory stuff relating to pharma must have been done and dusted.
Thanks. If he expected March, it shouldn't be much longer. Unless amendments were required of course. Easter has delayed things too.
I emailed JMK and asked what was going on with the RTO and here is the reply
Good afternoon.
A draft prospectus has been delivered to FCA. They should review it and give comments when they are ready. However it is never easy dealing with regulators.
When the FCA are happy the prospectus will be released. This will outline the business going forward, valuations, timetable, etc. There will be an accompanying RNS at the same time.
I cannot give you the information until the RNS , etc is issued for obvious reasons. I have all my fingers and toes crossed that it will be this month.
Last post: antelope, 26 Mar 2024 14:53
Tbf, I don't think it's in their control. It regulatory bodies that we're waiting on.
C'mon you guys. 3 more working days left to end of the month. Please don't come back with more delays
Started: Johnnyboy4, 3 Mar 2024 08:37
Last post: antelope, 4 Mar 2024 10:01
Read the last few RNSs.
More likely the beginning than the end imo.
News promised first quarter, so four more weeks yet.
Any updates or thoughts on this share peeps ?
Last post: antelope, 8 Feb 2024 18:26
News likely be 2nd half o March I think
News must getting near now ! Gutted my £1k had been suspended for along time now ! I could have stuck it in HE1 and made a good amount ! I just hope that when the news is out it’s good and the wait will be very worthwhile for all invested ! Not like the spac that turn into HELD it’s been a nightmare for myself and slog of others from day one !
We live in hope !
Proposed rto before march 24, healthcare company in the philippines
Started: applebee, 1 Dec 2023 15:27
Last post: antelope, 2 Dec 2023 08:11
No. The way I read it is that they've come up against regulatory hurdles that require legal processes and this will take time. Health sector seems to be like this. Biotech shares for example always encounter delays due to needing to comply with regulatory frameworks. I may be wrong in Amala's case of course... it might be something else.
They probably haven’t got prospectus ready. Could that be the reason?
That's disappointing. On the other hand, if you're one of those who invested in the original mining rto that flopped, it's just good to know that this is still alive. I hope it stays so.
2024 obviously
Just great. Kick the can down to end of Q1 2023.
Started: applebee, 30 Nov 2023 07:55
Last post: antelope, 1 Dec 2023 08:29
Well, this is disconcerting. But my experience of these spac/rto type shares is that they are always unpredictable on timing. Something always comes up... slow legal processes, legal complexities, some due diligence issue that needs to be corrected... there's always something. So this delay isn't necessarily bad news, but yes, it's a bit squeaky bum.
"The Company expects to conclude matters shortly and will provide further updates to the market this month. '"
Or next month
Maybe just maybe some light will be shone on this tomorrow
Antelope that is the life of an aim investor, get put while you can 😀
Since I got into shares, I seem to spend all my time living in hope.
Has to be in later today or tomorrow.
No its the subsidary thats being merged with
So you don't believe it's been set up by US medicare and is simply being floated off?
Yea will fly for sure, who knows a month later - that will depend on the fundamentals of the new comoany
Not worth doing tho it might jeopardise this whole thing. If im honest this all seems dodge as fook but we will see.
Last post: antelope, 25 Nov 2023 15:20
Hopefully And hopefully :-)
Update due next week?
Thank you for your advice. Excellent comment
You need to put the first three words in inverted commas.
Dialysis care plus parent company and it came Up with Fresenius medical care. Can this be right.?
Started: antelope, 11 Nov 2023 08:13
Last post: Im-confused, 12 Nov 2023 15:41
What I was suggesting was a market cap of 3 million. But don't take what I wrote too seriously, I'm very amateur at the numbers game.
Im_ confused if it is £3million price of stock they would not want share holders to have all 3 million of stock . It would only be certain percentage
Dammit there's a bug in this forum where the back arrow symbol signals end of post.
Again...
I'm optimistic. I don't know how big this could become, but the fact that they're going for a main market listing, and assuming that the 'grandfathering' aspect of less than 30m is attractive and also assuming that a listed company cannot remain grandfathered for ever bodes well.
I'm optimistic. I don't know how big this could become, but the fact that they're going for a main market listing, and assuming that the 'grandfathering' aspect of
I'm optimistic. I don't know how big this could become, but the fact that they're going for a main market listing, and assuming that the 'grandfathering' aspect of
Started: Dom-Bella, 9 Nov 2023 12:19
Last post: cn100, 9 Nov 2023 17:33
Will have to wait and get more details. Last RTO SharePrice was 0.3p or so and was valuing equity at 2p post RTO. Obviously been working on this for a long time so hope they have a good deal to go ahead with for shareholders.
Does the suspension last until the RTO is complete or can it be moved out of suspension before that? Does anybody know?
I need 4p to break even . Will that ever happen?
Check out HELD . We were promised 0.30 on a RTO ! With UK SPAC We couldn’t sell for two days and in that time mm s marked the price down to 0.11 !! Now it’s 0.05 ! And a shambles !
He's on about the Reverse Takeover from Mountfield into HELD a UK Spac, I was one of the lucky few on that one who actually got out with a profit before it dived
Started: antelope, 9 Nov 2023 13:23
Last post: antelope, 9 Nov 2023 13:36
I realise it's unlikely to be them directly, but if Fresenius own Dialysis Care and want to float it off... Hard to find anyone who does what Dialysis Care do. And Fresenius mention somewhere that they have operations in 42 countries (can't find it now) but only mention 24 on the schematic on their website.
We'll find out in due course.
We will find out this month, remember it’s a company with a strong network across the US.
You can dream...
"The target company is a healthcare group with a Philippine subsidiary"
Might the target group be Fresenius Medical Care?
Started: EarlofAim, 9 Nov 2023 12:27
Last post: applebee, 9 Nov 2023 12:51
To be fair, the company did say in the first RNS:
"The Company expects to announce shortly a potential transaction with a view to a Reverse Takeover. "
Grasping. Just look at information on Dialysis Care Plus Inc. should you require any skepticism...
So in the 2 hours of trading today, Company got approach suddenly by philliphines for RTO?
why was this information kept away from the public at 8am???
something fishy here
doesn't add up
FCA needs to look at this
Started: JAdams5000, 9 Nov 2023 12:04
Last post: shortCINE, 9 Nov 2023 12:15
AhaHAHAHAHAHH at least it will be comical whatever comes of this!
Lot 7 Block 10 Shaw Boulevard, cor Marie Lane, Pasig, Metro Manila, Philippines
Looks legit lol
I don't know I google the company and see an empty shop front somewhere in south-east Asia...
Hopefully!
Amala Foods Plc (LON: DISH) has requested a Temporary Suspension of its listing on the Standard Segment of the Official List of the Main Market. The Company expects to enter into a binding agreement in due course with regards to a transaction that may lead to a Reverse Takeover. The target company is a healthcare group with a Philippine subsidiary, Dialysis Care Plus Inc, that is building dialysis centres in the Philippines where the market for dialysis services is growing substantially every year. The team has an excellent track record with internationally known healthcare groups in the USA as well as locally in the Philippines. The valuation approach that is being considered is one whereby upon a successful transaction the valuation paid would be based upon a share consideration and a deferred share consideration determined by financial performance. The Company expects to conclude matters shortly and will provide further updates to the market this month.
Started: masonmaster, 9 Nov 2023 11:20
Last post: shortCINE, 9 Nov 2023 11:58
RTO announcement? cya in 6 months LSE.
Pending RNS ...
NOTICE OF TEMPORARY SUSPENSION OF LISTING FROM THE OFFICIAL LIST
09/11/2023 11:15
TEMPORARY SUSPENSION
Amala Foods plc
The Financial Conduct Authority ("the FCA") temporarily suspends the securities set out below from the Official List effective from 09/11/2023 11:15 at the request of the company:
Odd, don't think I have ever seen share suspended without RNS logged in
How can this be suspended without an RNS?
Started: masonmaster, 9 Nov 2023 11:17
Last post: davey50, 9 Nov 2023 11:22
Clearly has no mm's are open now. Aklee what price did you sell at, at least the suspension should be on good news but day traders will not like their money stuck for ages but 90% of them that bought this morning have already sold out
It was suspended at a price of 0.1125
Has this just gone into suspension?
Started: petroinvestor, 9 Nov 2023 10:47
Last post: Chiddybang, 9 Nov 2023 10:51
Petro is here with his copy pasta scaremongering. Now I know this is a strong buy.
Time to take profits before someone takes it..
I hope you dont get caught out....GL....
Last post: davey50, 9 Nov 2023 10:49
20 people have sold out in the last 20 mins and every single one of them bought earlier today you can match them up and most of them did not even make a profit over £100, that is why this market is finished because you know on news every single buyer will sell out within 24 hours now
Just remember you said the same on MDZ all promise about long term and then you dumped within a hour. No anger I'm perfectly calm. I'm just pointing out you all need to be more honest not that you ever will. I made a killing in this one on the previous spike buying over 30 million below 0.08p and selling from 0.14-0.22p, even the mm's tried to get me shut down for splitting the trades, they wanted me to sell the whole lot in one go substantially below the bid and make a loss instead of a massive profit laughable.
Chill your beans Davey. My 'dumping' which I prefer to call selling will have no effect whatsoever on where DISH goes.
It's clear this is a great trade. Tiny MCap with RTO round the corner and MCap of just 500k.
This keeps going today and tomorrow. Just try to enjoy the ride Davey and don't let you anger and frustrations at others ruin your day.
God bless 😘
Aklee do tell us when you dump this morning please ?
20 must be a given at this point, cheapest mains-listed cash shell I believe. Can;t wait to see what the identified company(s) are
Started: EarlofAim, 9 Nov 2023 10:16
Last post: EarlofAim, 9 Nov 2023 10:18
Davy50
do you have any idea on DISH liabilities
£1.32m liabilities for what?
cash £300k
so net liabilities is c£1m?
Started: EarlofAim, 9 Nov 2023 10:00
Last post: EarlofAim, 9 Nov 2023 10:00
Dish of the day
huge potential here.....
NT to buy
"This is actually a decent proposition to have shares in a growth company at a TINY MCap. Very limited downside with a lot of upside.
DYOR"
Then you must have sold out within a hour of this post, jeez no wonder this site is shocking now, everybody is just out to con their fellow trader
Ahhh Davey I remember you. It's called being a trader.
Don't get wedded to stocks but look for opportunities.
Had Dish on my radar for a while
Nice to see Dish flying again..ah aklee I remember you when you turned up on MDZ and vanished again and there's me thinking you were a genuine investor, yet another day trading pump and dump merchant.
This will likely bag today. Look at the possible RTOs then look at the MCap. Easy money