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Kin Group – proposed reverse acquisition & placing, any closer to “an idea whose time has come”?

By Steve Moore | Friday 31 August 2018

Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.

Previously writing on Kin Group (KIN) I noted AIM rules requiring a transaction here by the end of February to avoid shares suspension (within six months of becoming recognised as a cash shell), with there then a further six months to avoid listing cancellation. That takes us to today… and there’s now announced “Proposed Acquisition of Bidstack Limited & Placing”

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