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Your question cannot be answered without a crystal ball. Tintra is effectively a startup company, and as such is raising money - by NOT being listed it makes it easier as they don't have the background noise of the share price. Any money raised will be done on the basis of owning a bit of the company, so could well involve share issue. IF the aim of the company is achieved, the value of existing shares SHOULD be much higher than at suspension regardless. That said, we are locked in until (at the earliest) we have someone wanting to buy our shares.
Captain hindsight to the rescue!
Like many of you on here I am going to have to accept the situation and hope that there will be the facility put in place to allow us to sell whatever shares we want albeit at a price to be determined.
Right now, I would like to know if anyone on here has any experience of owning shares in a private company who subsequently list on the stock exchange. Would TNT, if they relist on the Middle East market, do so with many more shares, than now, and if they do, would we as shareholders receive more shares pro-rata to the shares held. I ask this because if (and it is a big IF) they achieve their goals and we retain some of our shares, then those shares could be worth a lot more money. I ask this with good intention as like many here we are stuck so understanding our options is important.
The negative posts recently are quite understandable , however, some positive posts on this would, I am sure be helpful to all genuine share holders.
I am currently in Australia for another nine months hence the time difference.
Best to all shareholders.
No advice given or intended.
OBNC
"Should the Company fail to appoint a new Nominated Adviser within 30 days of this announcement, then trading in the Company's ordinary shares on AIM will be cancelled"
The most direct and uncompassionate RNS statement I've ever read!!
Weasel's carrying swag bags spring to mind!
I understand that CEO Richard Shearer has been residing in a luxury London hotel for a significant period at shareholders expense!
An absolute digrace!!
I’m looking forward to 50 bags. 1500p within 24 months
Anyone that actually ever believed they had funding at £12 or whatever it was needs their heads examining.
This was always a scam and perhaps the penny has finally now dropped for those who thought otherwise.
All of use never forget how Richard Shearer behaved towards PI's. If ever in the future he has any need to list on the stock market in the future, he cannot be trusted....period!
And Goodnight, last person turn the lights out.
Is that where he’s been living? Interesting…
Yes- the cheek is splashing out on ~£600 a night
So RS is hosting the general meeting in the hotel he has been living in with our money, the audacity
Ok thanks. Likely no choice from here anyway it seems !
Jay
Your shares still exist but you can’t trade them unless if you fund a buyer or seller and can agree on a price.
Also as a private company you will only get information they want to give you and the minimum would be statutory accounts for a private company once a year.
So is this a way of ensuring the company is delisted regardless of any shareholder vote ? If they fail to replace their broker are the shares just gone ? By that I mean not converted to privately owned as per recently proposal. Sorry,just trying to understand this mess.
There is a buy at 10:57!
Daylight robbery. Who watches Southpark? "Annnnnnd it's gone"
The sneaky devils.
Didn't see that coming. This is low, even by their standards!
I get investing always has risks but this stock feels off and I suspect deep manipulation. It's baffling how they can get away with it.
Bunsen, sorry for late reply. I thought it noteworthy given the still as yet unresolved issue of the CLN. Its my understanding that the dispute is with Fintech, the same party as is behind LRB35.
I wonder now who was behind the nomad resignation, was it a nomad own decision or have they been influenced by the current board or LRB35? Who knows. This is now such a mess for everyone involved, the company, LRB35, existing holders, Fintech and even brokers who hold shares on nominee basis on behalf of PI's.
Will be fascinating to see what unfolds in the days and weeks ahead even before the 4th January meeting imo.
I think this should be looked into now
How very, very convenient. Stinks! IMHO
What happens with our holdings, any ideas?
Sneaky manipulation. No need for sharehoder approval to de-list anymore. It happens automatically in 30 days, unless they appoint new adviser etc. Will they? Yeah, of course they will, 30th February?
Sneaky manipulation. No need for sharehoder approval to de-list anymore. It happens automatically in 30 days, unless they appoint new adviser etc. Will they? Yeah, of course they will, 30th February?
That's it then. Game over. The ball is completely in their hands
Yep, trading suspended. Locked in now!