Global Marine Energy.

Nigel_man/spec
Where is the benefit of OTC listing?

There was a rumour PMH sp was to rise to $3. Apparently $3 is price at which an OTC stock can have a main listing - for which read Nasdaq. Would be great for trading/liquidity, but absolutely no chance now as it looks like the 17% other holders have virtually left the party. Even AIM (despite flaws) has lots better cred than OTCBB.

So, with many US companies planning AIM flotations rather than go to Nas, PMH could either list separately, or combine with GME. If the latter, OTC shares could be exchanged for AIM ones, and we should have a capitalisation of GME+PMH plus lots less shares! GME would be marked up to 50p (new price) at least. Good news IMHO. Just wish they'd get on with it.

There are only 3 situations where a £1m investment would be a definite. Known takeover, known 'transforming' jv, or known situation as above. If anyone can think of others where the sp would definitely rise & justify 1m quid... shout.

ps spoke to LSE re PW loan. Said they were 'reasonably comfortable' with the arrangement. Find this unbelievable given Rule 21, but is I suppose also good news for PW's situation.