cur de bull
19 Jan 2016
Re: Can anyone put in Laymans terms what... trading will be a lot more difficult . you will be able to offer your shares for sale at your asking price .if someone wants to buy at that price then a deal will be arranged by capitashare.(when set up) no quoted price will be available so difficult to access a fair market value of shares. since their will be no ready market. it does mean the co wont have that expense . so for a coal co it will be in a better position to survive than many cos . their is no point in dumping your shares . the co has real and good assets imo. stick it in the bottom draw don't look at it as a loss and wait . who knows they might be in a position to pay a dividend in a year or so .anthracite is a good and useful product . hopefully you don't need to access money in a hurry because selling at a reasonable price is not an option at present . you can always sell your shares privately to another person .
Piltick
18 Jan 2016
In my opinion, the major shareholders (i.e. the BoD etc.) will make an offer for our shares (the smaller pi shareholders) in the not too distant future, because they will not want us to be involved in the new enlarged group when they establish a new Holding Company to combine the old ATC with the Target. It's just a matter of how much are they likely to offer, and how much will we accept?
workinprogress
18 Jan 2016
Re: Can anyone put in Laymans terms what... Thanks Cur De Bull.Suppose my next question has to be; do you know how and when I can trade with whatever other means of trading is being prepared?Thanks again.
cur de bull
13 Jan 2016
Re: Can anyone put in Laymans terms whats ha... you will own shares in a private co . so all is not lost exactly . coal is a no no investment with global warming so shares have been dumped . the co has good assets and without the rigours (feel free to laugh ) and expences of aim it might do well . it is actually on target to make money , grow and has good product .imo. trading your shares will be difficult . if you only have a few then a consolidation is on the cards because of the expense of dealing with small shareholders . long term who knows ? if you invested in coal its not a short term share . put it in the bottom draw and wait a few years .spivs dont run coal mines .its always annoying to be on the loosing side . but i still think this is a long term winn
workinprogress
13 Jan 2016
Can anyone put in Laymans terms whats happened? I only have a relatively small amount of ATC shares (or seemingly now 'did' have), so I only look occasionally as to how they're getting on.But what has happened here?Sincere commiserations to those who have had a large holding in this company, but is all truly lost?Will I ever see any of my money again or is it 100% that it has gone?If so, how can this happen?Obviously I am concerned that I'll never see my investment again (although surely a company can't just say "ok folks we're taking this company off you for nothing" to the shareholders/owners, and get away with it), but I am now also very concerned that the same may happen to my other AIM investments.Any explanation of just what has happened and whether all is genuinely 100% lost would be appreciated.Thanks in advance.
DonkeyMike
11 Jan 2016
Re: and so it ends....... Unbelievable. Almost impossible for honest people with morals to make money. And to add insult to injury I bet I pay more tax than the BOD whilst earning far less than them.Agrhhhhhh
Tempestas
11 Jan 2016
Re: and so it ends....... Mugged.
Gaf11
11 Jan 2016
Hi I'm registered gaf11
goldpig1
11 Jan 2016
and so it ends....... another criminal BoD has swindled the market to raise money and create a company that they have snatched back from the people who funded it through good time and bad just in time to line there own pockets. lets just hope that these people end up with what they deserve i.e. a prison sentence ( although I doubt it) as for me I am out of AIM for good, ill nurse my remaining holdings until the end and the its 250+ and binary trading on the currency markets all the way for me, at least those markets have some regulation unlike the joke and criminal cess pit which is AIM bon Chance ATC'ers
Holymoly
07 Jan 2016
If they go private, let me guess will Mr & Mrs Best manage our shares via Mount Charles? They've been shifting their shares under one roof for a while now
Alex66
06 Jan 2016
Re: long term I expect them to go private and then under take a massive share consolidation to wipe out all the smaller shareholder unless they stump up more cash to increase their fractional holding to a full share. Seen it done before - legalised robbery.
Tempestas
06 Jan 2016
long term What if they do not list the company again and keep it private?Your shares unless you have many will be worthless and pretty much untradeable. Small PI's will be out of pocket.
cur de bull
06 Jan 2016
long term if you hold shares then you must realise that present valuation is very low considering the assets . so actually going private is not actually that bad a deal . it gives the co more flexibility to do things without the constraints and expenses of being on aim . in the long term the co can then grow into something worthwhile and you will have a real asset. selling your share at this level is just giving them away and i dont believe that this co is run by a bunch of city spivs out to rip you off . there are plenty of those co about you may be sitting on a loss but you are sitting on an undervalued asset so i will be voting with the directors on this matter . stick with it. its a real asset . and by going private it will be generating more cash .
DAWTO
05 Jan 2016
Re: Best interest of shareholders .... J... KF,just in case you missed the FCA complaint process ([link] they have been by far and away the most reactive regulators I have lodged complains with.
King Fergy
05 Jan 2016
Re: Best interest of shareholders .... J... Dawto, many thanks for that but I had already done it along with the firm "no" vote to both resolutions. Not convinced we will get anywhere but £22,500 is too much to lose to a con.
