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Albert Technologies – EGM listing cancellation approval, another tale of AIM woe

By Steve Moore | Tuesday 20 August 2019


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.


Albert Technologies (ALB) has updated “at the Extraordinary General Meeting held earlier today the special resolution to approve the proposed cancellation of the admission of the company's ordinary shares to trading on AIM was duly passed… In order to enable continued trading of shares the company has appointed Asset Match”. This following a “Proposed Cancellation” announcement last month which included “the directors believe the current market valuation does not reflect the Albert's market opportunity, the value of its technology, its current and potential client list, and the overall progress we have made in the enterprise market in the last two years”

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