Well, no, not really

It is not every day that you read a stock market announcement like the one from Goals this morning. The company said that the discovery means that there is “material uncertainty” about its accounts and that it does not believe it will be able to file its 2018 accounts by the regulatory deadline of September 30. Missing this deadline means that shares in Goals will be cancelled from that date.

It is not every day that you read a report like that in a newspaper.

It is the listing that will be cancelled of course, not the shares.

1 thought on “Well, no, not really”

  1. I have to say that the RNS announcement is poorly phrased and someone who did not know what they were talking about could have misinterpreted the wording ” The listing of the Company’s ordinary shares on AIM is therefore expected to cease and cancellation will be effective from 30 September 2019.” as meaning the shares will be cancelled.
    That does require a monumental degree of ignorance, but …

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