IanH- not sure what part you think is "absolute tosh"- maybe you think the expectations management has been great. And as said am still a holder. Agree with Dreadlord's view
The RNS this morning is not a positive. Be clear- this is about the Listing not the FTSE Index (two separate things as many of us have tried to point out). The timetable for a move up from AIM is not complicated- it is a well trodden path. The delay has most likely been caused by the Listing Team asking for more information which Q are struggling to provide- that is a better answer than ther being something more fundamental. In any event it is a pity that the Board couldn't put on the RNS that they were "confident" the listing would happen- just that they were working on it. If a listing doesn't happen then the price will come under pressure- mainly because of the "why was listing not granted" questions (it really would be very unusual for a move up to be stopped). Expectations management has been poor- and it sounds like the execution of the move-up has also been poor. As a small holder who bought on the basis that the odds were much greater of a three fold return than a wipe-out I will continue to hold. But neither the advisers, nor the company, are covering themselves with glory right now.
RE: Will II's dump- GrumpyScouse- doubt this is your first experience of holding a shorted stock. Almost every quoted stock has an element of shorting (for all sorts of reasons). The % short against Q is not unusual.
Tommytomtom- Public Hands includes institutional holdings. The rule is to stop more than 75% of the equity being held by a small group of insiders (who could, with that holding, pass even special resolutions at AGMs)
Continued- A listing on the main market by way of a move up from AIM can happen anytime- as soon as the process is complete. While it is clear that this process has taken longer than anticipated that is not unusual- and given the negative chat around the stock one shouldn't be surprised that the Listing Team at the Exchange may have asked a few more penetrating questions than usual. The good news is, however, that when the move up is approved the fact that the exercise has been gone through (verification by lawyers, due diligence by advisers, questions by the Exchange) will give credence to the stock. After listing is achieved Q will then be eligible for inclusion in a FTSE index at the next review point.
At the risk of re-stating that which has been said many times before (but clearly not understood by every reader), the move up from AIM onto the main market, and the entry into any FTSE index, are two separate steps. The first step is to move to the main market, and then when fully listed any stock is eligible for inclusion in a FTSE index (be it fledgling, small-cap, FTSE 250 or whatever) if it meets the eligibility criteria at the time of the quarterly review. So the lazy comments about " FTSE listing happening anytime" miss the point.