Hi Tusker & Co, following on from our posts I chatted to a HC...

Hi Tusker & Co, following on from our posts I chatted to a HC top 10 poster about AZC and re-listing (see below). If the likes of David Clarke and Co are heavily involved I can’t see why they wouldn't want to re-list AZC.

It was originally David Clarke’s baby 20 years ago and he is now “project co-ordinater” for the WIM 150.

The WIM 150 is definitely a goer just got to re-list and it will be worth the wait, this is my bet.

On the other hand if OZC (for example) buy out DCM and just add the WIM 150 to their portfolio of other mineral deposits and have no reason to re-list then that’s curtains!

Cheers and I think that’s me done for a while on here, it’s a bit sad talking to yourself on a forum ;-)


QUESTION

Nothing to do with APG but I need a smart fellow to help out!

If a company has been unlisted can a majority shareholder sell its stake in the company without any consideration given to the minority shareholders or without a re-list???

Cheers for your time!
ANSWER
Hi my answer is Yes A lot of other things that I do not know about could alter my answer DYOR Towie What Company can I ask? I should add that any shareholder could sell or transfer their shares Towie
QUESTION
Hey Towie, thanks for getting back really appreciate it mate!

The company is AZC that own 80% of the WIM 150 and the other 20% is owned by OZC.

AZC’s majority shareholder (70%) DCM was reported last year to have 250 million of unsecured debt and the WIM 150 is going from strength to strength with numerous upgrades already in the bag. DCM also sold off its trading arm to an American company in July of last year.

From the outside it looks like DCM is setting AZC up for a sale to recoup capital so that they can move forward. The only saving grace is that AZC have a few big noises involved such as David Clarke who was recently (approx. 1 year ago) appointed “project manager “that will certainly have a vested interest in a re-list???

Didn’t realise that you could sell or transfer shares when the company had been unlisted!

Any more help from your side will be much appreciated,
Cheers Ste
ANSWER
Hi I see no reason why not. If you can find the name and adress of another shareholder who is prepared to sell and sign a shareholders transfer form correctly filled in with proof of payment then when and if the company is relisted this transfer should be able to be processed. It is a very expensive exersize obtaining a list of shareholders from the share registra. You would have to do some more enquiries on all of this. An interesting area WIM150 Cheers DYOR
QUESTION
Hi Towie, firstly cheers for your help mate, what goes around comes around, good on you!

One last thing, as I have said the WIM 150 is making all of the right noises but is it normally in the financial interest of the company (majority shareholder) to firstly re-list before a sale???

I can tell that you have obviously been around the block (experience wise ;-) so may I ask from your experience how do these things normally play out regarding re-listing and minority shareholders?

ANSWER
Hi I would think that you could see a big dilution in your shareholding but IF the new investor has the ability and the capital it would most likely ADD VALUE Towie