Whatever Jaymond, you can belive what you like, i was sharing my opinion and someone who invested here on the basis that this could go somewhere ( else why would i invest)
is you trawled my posts in detail you would see that i have been as critical as most here in the past too!
goldpig1, I find it hard to believe that you have no assocation with atc, you have ramped this share up prior to delisting. You say that filling a law site againt atc is sour grapes or vendictive I'm very sorry but you are wrong, to state the term and conditions of aime in respect to shares can go up and down. I do understand this in compliance of fair practises its clear that this is not the case hence the up roar with shareholders.
hmmm.. not exatly what i meant , I was simply saying the aim listing had become a waste of money as it wasnt going to be able to raise any further cash so it made sense to delist and stop spending the associated costs.
as for the BoD im with you I think they have spent the money on themselves and painted a picture to investors which didnt ever materialise , possibly i would say they were a little more asperational that reality would have allowed, I do agree the salaries are going up and they money could have bee directed towards a share buy back, ( dividend would be pointless withthe number of shares in issue as we would all get 0.0000001p per share)
all in all i would say this company has been run for the benifit of the BoD not the investors , but, i maintain a court case as discussed on LSE is just sour grapes and vendictive and wont go anywhere, any compensation wouldnt go to the people taking part it will go to the lawyers and then the remain will be shared amoungs all share holders ( see 0.00000001p per share)
everyone needs to remember what it says in the T&C's section, " shares can go down and you may lose your investment" this lot are risikng the " more than you put in" section going for this.
if they want to do it fine, but some time you make a bad investment and you chew swallow and move on .
goldpig there is a few that would disagree, are you telling me we should wait for listing while the Directors take huge salarys this at present is not in the interest of shareholders as they state. You think not by listing is saving them money, perhaps is that where the bonus comes from for their salaries comes until I see something concrete in terms to value to the shareholders then I would say different how about the divident that steve best promised us while we where listed.
blah, Ok i get it people feel let down, but all this legal talk will just waste more money. truth is you all still hold shares and the company is still operating.
yes the fund raising was a little obtuse on AIM but removing the listing is actually saving money which is spent on growing the company .
best bet here is to wait and see if they relist the shares asthey have suggested in the future.
im as annoyed as the rest but think this will just be a big waste of time and cash
Atlantic Carbon Group plc Matched Bargain Service
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Atlantic Carbon Group Plc notes the announcement made by Atrum Coal NL (Atrum or the Bidder) on 26 October 2016 that, in accordance with the requirements of the UK City Code on Takeovers and Mergers (the Takeover Code), Atrum does not intend to make an offer for ACG
Atlantic Carbon Group Plc is pleased to announce that the Company has successfully raised a total of £925,000 (before expenses) as a result of a subscription for 482,833,334 new ordinary shares of 0.07 pence each in the Company (Shares) at a subscription price of 0.12 pence per Share (the Subscription) and the exercise of 288,000,000 warrants (the Warrants) in aggregate to subscribe for 288,000,000 new Shares in aggregate at an exercise price of 0.12 pence per Warrant
Glencore PLC (LON:GLEN) was the recipient three upgrades today as analysts reassessed prospects for miners after Donald Trumps presidential victory.
Credit Suisses Liam Fitzpatrick upped his target price to 300p, from 250p, as he believes the recent re-rating of the shares has a lot further to go.
As long as global growth is not derailed, the earnings trends and valuations for the mining sector remain compelling, he argues.
For Glencore specifically, borrowing targets have been met, a dividend restart is imminent but the recovery in cash flows is yet to be fully priced in by the market.
We understand investors' nervousness around high coal prices, but even under our conservative base case estimates the company should generate FCF (free cash flow) in 2017 of over US$4.3bn/10% yield and the underpin from marketing gives the group added cash flow stability versus peers.
Jefferies, meanwhile, likes Glencores coal exposure and cited it as a reason for its upgrade to buy from hold.
While the recent spike in coal prices may be unsustainable, we think consensus forecasts are far too low (especially for coking coal).
"Higher than expected coal prices should lead to higher than expected prices for other commodities. We have increased our coal, aluminum, copper, zinc and iron ore price forecasts.
The broker says Glencore is trading at a free cash flow yield of 8.9% in 2017 and 11.9% in 2018, while the reinstatement of the dividend when it reports full year results should be a positive catalyst
This stock should perform well over the next year and would recommend buying it at current levels, it adds with 300p the target.
HSBC, meanwhile, tips Glencore as the stand-out, (along with Rio Tinto PLC (LON:RIO), in a comprehensive overview of the mining sector as the emphasis switches to cash generation in a low demand environment.
It too has a 300p price target and a buy recommendation.
I have not looked in on these shares for a while as I thought I'd lost my money! I have 1.5 million shares held by III, are they alright there as they are electronic or should I be getting a certificate from the company and if so how?
To the LSE discussion board.
I would just like to say that I used to have issues regarding getting responses from ATC UNTIL I was given Barneys email address.
After getting that email address Barney has responded to every email I have ever sent.
So for that Barney a very big thank you.
Are you really surprised at the
Resolution 5 Section 551 authority
This is an ordinary resolution authorising the Directors to allot relevant securities up to an aggregate nominal
amount of £860,000 (equal to 25% of the issued capital of the Company as at 31 May 2016). Such authority,
unless previously revoked or varied by the Company in a General Meeting, will expire at the commencement of
the Companys next Annual General Meeting following this meeting or 30 June 2017, whichever is the earlier to
Resolution 6 Section 570 authority and dis-application of Section 561(1)
This is a special resolution authorising the Directors to issue equity securities wholly for cash on a non preemptive
basis pursuant to the authority conferred by resolution number 5 above. This will allow the Board to allot
shares without recourse to the Companys shareholders so that it can move quickly from time to time as it deems
appropriate. Such authority, unless previously revoked or varied by the Company in a General Meeting, will
expire at the commencement of the next Annual General Meeting following this meeting or 30 June 2017,
whichever is the earlier to occur.
details at the link above, nicley informed to all the share holders as usual, just think if they had notiified us maybe we could have sold our shares to Atrum for a good price instead of the Best's who did so in our place.
I hope you are right on the up side.
Dangerous/stupid to assume
How do they get away with it but we would
all be singing their prises if they pull some thing
off to our advantage obviously.
Good luck to all who are still in this one.
And it states they are now "looking to relist on the US market". What impact will this have for those of us with original de-listed shares - will we be able to trade them, or are they still best just filed at the deep at back of the drawer.
If they do re-list, I'm fairly sure it will be their new top holding company, and not the old ATC company that we hold shares for. Also, I would not expect them to re-list in the UK, but possibly in US. We shall see.
"I'm sure some of you will have seen this on twitter, but I am putting together a mailing list of shareholders to send future company updates to. As you can all imagine it is difficult to get in touch with individual shareholders, particularly those who hold their shares through brokers, unless they contact us. We are relying therefore on the company website and twitter page. If anybody would like to be included please contact [email protected] This is completely new so bear with me while we work it all out, and do get in touch if you have feedback or suggestions.
I have repeated this many times but if anybody has any questions then please contact me at the office in Durham Weds/Thurs/Fri. I'm not going to be engaging on here, this is a one off post for information, but I am happy as always to discuss things by phone or email. Twitter is fine, but it has its limits! Please also note any posts copying/quoting private correspondence onto this board are deleted - not by us but by LSE as it is against their terms and conditions. In the past emails have been selectively edited before being posted on here, clearly a situation everyone wants to avoid.
Just for information - we are officially Atlantic Carbon Group Plc now and yes the Matched Bargain Platform is up and running. Trades are possible, though as you know it completely depends on buyers and sellers being able to agree on a price, we have nothing to do with this. I will help as much as I can with information on this side of things but ultimately Capita run the service for us so 90% of the time they would be the best place to go. Contact details on our website.
Atlantic Carbon Group Plc"
I hear the vacuum cleaner starting up, this is the start of them picking up your shares for a song. Remember these people are not your friends, they have already stolen your hard earned money, now they try and steal your shares
It is hard to see what is going to happen here.
How much would they have to stump up to buy back all the shares?
I know you think that they wont relist but what other options have they got if the BOD's want more money back.
AIM is a mess, see HER which I hold, and many others. Maybe in a few years we will look back and think ATC made the correct choices. Tough to see that way at the moment though. Must put these rose tinted specs away.
We really need to find out what the BoD's intentions are for the future of the small ATC shareholders. These shares still exist, and the company still exists. It's not as if the company had gone bankrupt or into administration. So the shares still have value, it's just that no-one knows what that value really is, and we can't release that value. At some point in the not-too-distant future, the BoD will want to re-structure the entire Group to incorporate the new "Target" company i.e. their reverse takeover. At that point they will have to decide what they are going to do with the old ATC company and its shares. They will either have to make an offer to buy out all of the ATC shares, or convert them into new shares in their new enlarged Group. They can't just leave them hanging in limbo. They may have taken the company private, but Company Law still applies!
I am tying to find out what's going on in the background. I'm prepared to wait to find out, but of course if I get a decent offer for my shares in the meantime, I will gladly let them go.
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