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August 13, 2010 – Comments (14)

Have you seen this? Bravo is now 2nd in points. 

14 Comments – Post Your Own

#1) On August 13, 2010 at 3:59 PM, catoismymotor (33.56) wrote:

Wow! A dirty Dr. Who reference. Nice.

Did the UK Fool just open the CAPS game?

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#2) On August 13, 2010 at 4:03 PM, TMFBabo (100.00) wrote:

I think this link paints a better picture.  I have no clue if they added CAPS to the UK.  My watch list has been acting funky ever since they added the London exchange stocks, so I'm guessing maybe?

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#3) On August 13, 2010 at 4:08 PM, ChrisGraley (29.87) wrote:

Wow 59,000 points on 1 stock pick for a less than a month's time.

I gotta start looking at the London exchange more.

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#4) On August 13, 2010 at 4:20 PM, 100ozRound (29.57) wrote:

it was a 1:100,000 stock split on 8/6

 

 

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#5) On August 13, 2010 at 5:10 PM, SockMarket (46.22) wrote:

well that would do it. why would any company do a split like that though?

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#6) On August 13, 2010 at 7:43 PM, ChrisGraley (29.87) wrote:

They were already being delisted.

Why not create a bunch more shares and drive the price way up on low value and dump what you can?

 

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#7) On August 13, 2010 at 8:00 PM, portefeuille (99.60) wrote:

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Renewable Power & Light plc ('the Company')
Results of General Meeting
 
The Board is pleased to announce that at the General Meeting of the Company held earlier today, all resolutions were duly passed.
 
Share Consolidation
 
Following the share capital reorganisation the Company's share capital comprises of 887 ordinary shares with a nominal value of £1,000.  Application has been made to the London Stock Exchange for the 887 ordinary shares to be admitted to trading on AIM at 8 a.m. on 9 August 2010.
 
The share capital reorganisation consisted of the steps as set out below:-
 
(a)  Every 100,000 Existing Ordinary Shares were consolidated into one New Ordinary Share of £1,000, and every authorised but unissued Existing Ordinary Share was consolidated into one New Ordinary Share of £1,000.
 
(b)  Fractional entitlements arising out of the share consolidation were aggregated into New Ordinary Shares.
 
 
Shareholders are reminded that to receive any fractional entitlement arising from the Share Consolidation they must write to the Company Secretary at the Company's registered office - MoFo Notices Limited, CityPoint, 7th Floor, One Ropemaker Street, London EC2Y 9AW on or before 6 September 2010.
 
Approval of the Strategy of the Company and new Investment Company ('NewCo')
 
The Board has created a New Investment Company ('NewCo'), a wholly owned subsidiary of the Company, registered in the British Virgin Islands.
 
Shareholders in the Company, subsequent to the Share Consolidation, will be distributed shares in NewCo by way of a declaration of a dividend in specie.
 
NewCo will seek investment opportunities within any sector the board consider appropriate.  The board believe that the most likely medium term exit route for shareholders of NewCo will be by way of a reverse takeover following execution of this strategy and/or a listing on AIM or a Standard Listing on the London Stock Exchange.
 
The Company will focus solely on resolving legacy issues and generating any recovery for shareholders.
 
Cancellation of the Company's Ordinary Shares from AIM
 
The Company's shares will be cancelled from AIM 7 a.m. 20 August 2010.

--------------

(from here)

 

So there are 887 ordinary shares (each with a nominal value of £1,000) left and they are no longer traded on AIM.

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#8) On August 13, 2010 at 8:01 PM, portefeuille (99.60) wrote:

This is not really all that uncommon. It is a pretty efficient way of reducing the number of shareholders.

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#9) On August 13, 2010 at 8:07 PM, portefeuille (99.60) wrote:

and they are no longer traded on AIM.

and they are not traded on AIM after August 20, 2010.

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#10) On August 14, 2010 at 11:13 AM, TMFJake (73.50) wrote:

Wow, now that's a stock split.  We'll fix it!

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#11) On August 18, 2010 at 5:56 AM, livioroma (22.82) wrote:

hallo what do you think about thid pennystock?

 CHINA NUTRIFRUIT CNGL

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#12) On August 18, 2010 at 2:45 PM, favrenugen (< 20) wrote:

DLB - Dolby Labs - Does it worry anyone that Ray Dolby has been selling off 10,000 to 20,000 shares of Dolby every couple of days for the past few weeks?  He has sold over $10M worth of his stock in the past month.

Just wondering.  Long on DLB...

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#13) On August 19, 2010 at 12:06 PM, TigerPack1 (98.39) wrote:

bullishbabo- 

Our portfolios on WSS are kicking butt again today on a relative basis!

See you tonight at the LIVE Chat, 8pm Eastern at the link below....

http://caps.fool.com/Blogs/live-chat-this-thursday/435184

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#14) On September 06, 2010 at 1:08 PM, 100ozRound (29.57) wrote:

Looks like we have a new one:

http://caps.fool.com/player/aordinaryguy.aspx

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