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NGL - Nightingale Intelligent Systems

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Some more positive buzz - but the stock remains suspended as of late June.
 
finicky said:
Sheet .. live and learn I guess. I've fallen for a lot of artful narratives from spiv directors.
@verce

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Hi @finicky

The communication has been absolutely shocking. From what I can tell, the business is still functioning based on LinkedIn activity.

Currently waiting for them to reveal the date for the Annual General Meeting (which they postponed for some reason) - and also expecting a Quarterly Report due at the end of this month. Hopefully that provides additional clarity.

It feels like I am the only shareholder in Australia at the moment. Had I known they would be suspended for months like this, I probably would have thought twice about investing in the first place. But again, this is the risk with this end of the market.

As the suspension continues, my optimism shifts to expecting the worst.

Has there been any previous example where a company has been suspended for months, then reinstated for trading, and had positive share price movement? Or does it always drop right after?
 
verce said:
Has there been any previous example where a company has been suspended for months, then reinstated for trading, and had positive share price movement? Or does it always drop right after?
Click to expand...
I have to say none springs to mind @verce.
I haven't followed its fortunes but I assume it is cash distressed and if it comes back it will be with a highly dilutive issuance of shares.
I've 'invested' in a lot of dud micros, mostly mineral explorers/developers and mostly they just delist and disappear without any semblance of accountability from management. It becomes a sort of relief to let them go.
But I'm no expert, maybe it'll be different here. I have actually been pretty slow to develop a useful cynicism about how reckless a lot of these people are in getting one's money, putting it at high risk while entirely insulating themselves and actually prospering in failure. Just don't believe this lot again.
 
22 August 2024
Market Announcement
ASX Limited ASX Customer Service Centre 131 279 | asx.com.au

Suspension from Official Quotation

Description
Under Listing Rule 17.6, an entity (if not already suspended) that had not paid its annual listing fees by close of business on Wednesday, 21 August 2024 would have its securities suspended from Official Quotation before the commencement of trading on Thursday, 22 August 2024.

The following entity has failed to pay to ASX Limited (‘ASX’) the annual listing fees for the year ending 30 June 2025 and consequently will have its securities suspended from quotation immediately.

....NGL
 
You sound even more heartless than I with comments like that @finicky

Did you spare a thought for poor old @verce who may have lost a coin or three out of this?

Verce, I hope this hasn't stung too much, but I know the feeling.
Unlike real arms or legs, money can grow back, with time.
 
Hi, sorry @frugal.rock. Just trying a bit of levity. Genuinely pleased to see a post from you. Yes I do have some empathy for @verce. The only consolation is that pain can be a learning. I went pretty close broke from my first foray in the markets. Treated spec resource gambling chips like they were investments.
 

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