Stephan Bernstein, CEO of GreenRoc, details the PFS results for the new graphite processing plant. Watch the video here.
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Paraphrased extracts from today’s announcement:
1. “The company’s interests are best served by turning to the private arena where MEN can regenerate away from the microscope and constraints of the public markets yet avail itself of funding and exit opportunities.”
I ABSOLUTELY AGREE.
2. “My consideration in this direction reflects my conviction in the value of MEN as a whole and of the new businesses that we continue to generate within the company, which the London market clearly does not recognise.”
I ABSOLUTELY AGREE. And I believe a primary listing in the US, in the future, is not out of the question.
https://www.telegraph.co.uk/business/2024/02/08/london-stock-markets-decline-starting-look-terminal/
3. “I am confident that MEN, and its various businesses, will thrive once again as a private enterprise with my continued support and invite any holders so minded to continue the journey alongside. In return, shareholders can be assured that all who remain invested in whatever size will be dealt with fairly and will benefit from the openness in relation to shareholder communications through our website, social media and other channels, that we have always sought to apply."
I ABSOLUTELY TRUST THIS WILL BE THE CASE.
4. “Due to the continued challenging public market conditions, the BOD have decided that it is not in the best interests of the company, or its shareholders, to pursue an IPO of Green House on AIM at this time. The BOD will consider options for this independently run business in due course.”
I ABSOLUTELY AGREE. And I believe a primary listing in the US is currently being planned as the next steps.
5. “The company notes that Peter Levine has notified the company, without commitment, that, subject to the passing of the resolutions and confirmation that the Takeover Code no longer applies to the company, he may make proposals to acquire shares of any shareholders then wishing to dispose of their holdings on terms and conditions to be mutually agreed on a ‘matched bargain’ basis from time to time.”
I ABSOLUTELY BELIEVE HE WILL EVENTUALLY DO THIS. He is incredibly wealthy. So don’t sell your shares on the cheap between now and the 26th April 2024. JP Jenkins is an excellent trading platform for private companies. I currently hold and trade, without issue, AMT Global Investments LTD (AMT) and Tende Energy (formerly Sirius Petroleum). I expect MEN’s trading price to re-rate markedly on InfiniX.
https://jpjenkins.com/
AIMHO.
.