OTM Share Lock-In

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  • #47956

    BrandNew
    Member

    As a gold member who voted No we have just received a letter asking us to sign the lock-in agreement.

    We note that it does not indicate what happens if we don’t but it does imply that by not signing it immediately we could delay the IPO.

    Any members have any views on this. Do they need unanimous agreement of the lock-in to proceed?

    #47992

    BrandNew
    Member

    Interestingly, the OTM Rep has just been in to see me for the first time in two years.

    Apparently, we do not have to sign the lock-in which would allow us to sell the shares on day one. And if enough of the ‘No’ voters do not sign it could make the IPO more difficult.

    I wonder why thee have not mentioned it before.

    #48033

    smile please
    Member

    <span style=”font-size: 14px;”><span style=”color: #404040; font-family: Lato, sans-serif;”>I wonder why thee have not mentioned it before.</span></span>

    I think we know why 😉

    #48035

    Ostrich17
    Member

    We have just received our letter too.

    IS predicts the shares will be worth £4 -£5. His record to date does not inspire confidence.

    If Gold Members are not signing new agreements or lock-ins, he might not get his £20 million?

     

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