Global Market Group: finally the undead corpse is put out of its misery

Finally at 5.34pm tonight came the announcement that a wooden stake had been driven through the heart of the undead corpse that was AIM-China play Global Market Group (GMC). Having been without a Nomad for a month and two days, AIM Rules demanded that the shares be cancelled from trading after a month. So I guess the formal announcement that Global Market is off the Casino is only two days late. That’ll be the tenth delisting from the ShareProphets AIM-China Filthy Forty.

Global Market Group (#GMC) - AIM Cancellation, only 3 days too late...

AIM-China Global Market Group: where’s the Aim Cancellation Notice? Day 2

We’ve already highlighted this HERE and dropped a line to our good friends at AIM regulation HERE but still nothing. AIM-listed China play Global Market Group (GMC) announced back on 21 August that its Nomad had quit with immediate effect. Under AIM Rules that means instant suspension, but also that if no new Nomad is appointed within one month then the shares will be delisted. It is now 23 September and no new Nomad has been appointed so as we understand AIM Rules there should have been a formal AIM Cancellation notice yesterday. There was none forthcoming.

Why Global Market Group has not yet been formally booted off AIM – a cynic writes

Blow me down with a feather – there is someone in the world even more of a cynic than me! We have already covered the fact that AIM-listed (for the time being, it appears) Global Market Group (GMC) has been without a Nomad now for one month and one day – and that under AIM Rules it should therefore have been formally shown the exit this morning: one month without a Nomad = delisting under AIM Rules. But there has been no announcement. We wonder why. Is AIM Regulation asleep at the wheel or is there some other reason? Over to uber-cynical ‘Keith’ to explain…..

Global Market Group - Letter to AIM Regulation: Are you asleep at the wheel?

Further to Tom Winnifrith's piece HERE which highlights that ShareProphets AIM-China Filthy Forty member Global Market Group (GMC) has now been without a Nomad for a month and a day, yet there has been no announcement that it has been formally booted off the Casino I have dropped a line to AIM Regulation. Is it the case that ShareProphets is now the regulator? The letter reads:

Global Market Group dies an AIM death – do any of the crony capitalists give a FF?

The Nomad to China AIM casino POS Global Market Group (GMC) was Grant Thornton. It quit on August 21. S with no new Nomad having been announced you would expect confirmation today this its casino life was over. There is no RNS.

Global Markets Group is on the AIM casino Death Row – it is now time for its last meal, execution is tonight

Of the Filthy 40 China stocks listed on AIM on June 1 2014 or listed since, ten have already been booted off the Casino while shares in four are suspended. Of those three are suspended as the Nomad has quit. They sit on Death Row and the first execution, expulsion from AIM, is scheduled for tonight.

ShareProphets Filthy Forty – Global Market Group heads for AIM ejection as Nomad Grant Thornton resigns with immediate effect

AIM-China poster-boy Global Market Group (GMC) looks set to become the next member of the ShareProphets Filthy Forty to be given the order of the boot, unless it can find itself a new Nomad by 21 September 2015. This Cayman Islands registered company joined AIM in June 2012 at £1.30 a share, when it raised £9.7 million through a Placing, to join the Casino with a market capitalisation of around £127 million. The shares fell almost immediately to just over 80p. They are now suspended at 50p – following the payment of a deposit in connection with a land acquisition as announced on 10 Aug 2015 - as the lobster-potted shareholders wonder whether the company will ever resume trading.