Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
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Now they got money in bank ... sale will be lot HIGHER then then price... could be any thing between 80 -150
Well let's hope there's a solution to that to also be announced, as it's under contract.
What about the below?
"On 14 January 2022 the Company announced that it had accumulated a substantial debtor. The Company has ceased to pursue monies due under contract and expects to make a substantial provision in its accounts which will not impact the cash runway of the Company."
Why would you cease to pursue a substantial debtor less than 14 days after reporting it to the market?! And it does impact the cash runway, if that cash was received it would extend it!
Will that make any bidders want to pay over the current share price to buy the company?
Re. £1 salary / voting, what else can he do? BTW he paid himself a £500k base salary + £500k bonus in FY21...
I like the following:
"He has proposed and the Company has agreed that he will reduce his base salary to £1 per annum while the Loan Notes are outstanding and he has committed to vote for any bid for the Company that results from the Formal Sale Process that is consistent with the Company's mission and maximises value for shareholders or is recommended by the independent Directors." - Lord Drayson
Good, looks as if he's listened and focused on formal sale process now.. all eyes are off him and on the company now, hence the investors moving back in.
I think maximise value for new shareholders and minimise losses for long term holders would be more apt
That last sentence...
"maximises value for shareholders "
I just realised how pointless this statement is. Like, if SP is 15p, and an offer is 20p, this maximises shareholder value.
Also, LSE is usesless as usual (on not feeding through the RNSs).
Certainly pleased to see this concluded - now onwards to the conclusion of the FSP.
I note the following snippet: "He (Lord Drayson) has proposed and the Company has agreed that he will reduce his base salary to GBP1 per annum while the Loan Notes are outstanding and he has committed to vote for any bid for the Company that results from the Formal Sale Process that is consistent with the Company's mission and maximises value for shareholders...". A small consolation but it's something.
This could bounce to the moon after this RNS. When you consider where this was trading before the last RNS and factor in the dilution, 50p or more wouldn't be unreasonable. Well done everyone who kept the faith or made the brave decision to buy. Should be a great day today.
Oxford, U.K. -26 January 2022: Sensyne Health plc (LSE:SENS), the UK clinical AI company, announces it has successfully completed the financing announced on 14 January 2022.
The financing comprises up to £11.35 million (comprising a first tranche of £6.35 million and an additional tranche of £5 million by mutual consent) and will fund the business through the ongoing Formal Sale Process. Lord Drayson has confirmed his commitment to the Company's mission and its unique ethical business model for the use of anonymised patient data in medical research in partnership with the NHS and health systems world-wide. He has proposed and the Company has agreed that he will reduce his base salary to £1 per annum while the Loan Notes are outstanding and he has committed to vote for any bid for the Company that results from the Formal Sale Process that is consistent with the Company's mission and maximises value for shareholders or is recommended by the independent Directors