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Why would William Currie recently buy more shares if they thought this was going to be a concern? You would like to think they have more knowledge/insight on the outcome then the average share holder posting on a bulletin board
Worse than that. They would have had 1:1 meetings with the founders and previous management team, and clearly feel that they were misled or worse. Chrysalis' actions are pretty unprecedented...
Ajc...They were mislead by the company statements claiming financial and trading health,whilst knowing that there were internal irregularities..The claimant bought a lot of shares on the basis of the statement...The previous CEO was kicked out and it seems the board were just gung ho about everything
The legacy issues roll on and all of what went on previously.
It's substantial monies that Chrysalis are after and I have to agree with you that if you settle with one shareholder or lose at court then it could end up being that everyone who sold and lost in consequence has a claim. Could they afford to pay and keep the business running as a going concern if that were the case then that might be the question at that point.
The converse of it could equally be argued reference Chrysalis' losses in that if they hadn't sold then their losses would have been nowhere near as much as the share price has been in the 33p to 36p at least twice since relisting and indeed a question mark would always exist as to how much of their own forced selling actually caused the dip in the share price to where they realised their losses.
Fwiw I did think REVB settled far too leniently previously with those responsible and there is in my opinion still the FCA side of things to come and that is perhaps Oculus where those responsible will be punished individually and appropriately, as the FCA you would expect will wish to make sure that the same doesn't happen in the future.
Personally I think its kind of a hard one to contest when its BDO the auditors that unearthed things and the RNS's exist from the time with what was said but that is just my own personal viewpoint and opinion.
Hopefully the BoD have more insight into things than I.
Nobody forced them to sell and incur the losses they have. That was their choice, and if they had held, their their losses would have been far less today. Obviously we don't know the full details as to what they feel substatiates their claim, but I don't see what the grounds are when you sold by choice rather than being forced.
I'm not sure how any compensation claim could be approved under their grounds without also having to consider all other investors holding at that time. If any claim was deemed justified I'd also like to think the pockets of those responsible would be targeted rather than the company otherwise investors are being hit for a second time around as the reaction in SP this morning shows.
This one for the long term
Anyone know of any news out there ? Seems someone is either taking profit from decent size position or director sale ?
Bit of a sell off this afternoon, but still going in the right direction.
Warpaint (w7l) released a very positive trading update yesterday so REVB benefitted from this.
I believe there may have been a broker update yesterday prompting the move but I can’t say categorically as I don’t have access.
The amount of regular purchases in the 10,000 to 50,000 area - both automatic and ordinary over the past 2 weeks is interesting, and hence the price rise accordingly.
The Times Square advertising campaign has been well received and is expected to more than pay for itself in additional sales - but the exposure and new buyers are the key points.
So who is building a stake and are internal figures being leaked out to institutions?
BooHoo can't be complaining either as the SP is more or less the same in value ...
Amazing
Starting to move nicely now.
I’m loaded up significantly here in my ISA and I don’t mean one year’s ISA but multiple years. That said I thought the recent Times Sq advertising looked great and we could be weeks away from partnership with Amazon. The ‘new’ Board seem to have good focus bringing experience from competitors and appeal on TikTok from Gen Z should not be underestimated imo. You only have to look at Warpaint and ELF to see if this gains traction there could be fireworks ahead. Let’s hope for a multibagger…
Oh ok I've not got much experience in shares still learning 😊
Share price isn't really going up or down that's just the spread (it's back up now)
That's what I thought and the share price goes down??
Looks to me like an Increase in stake by William Currie and a switch between funds by UBS
Hi can someone explain to me the last three RNS have they acquired new shares or sold them I can't make sense of it lol
Revenue grew at 2% which is great but is £1 billion in sales by 2030 realistic considering
Results do not need to be stellar, just in line with guidance. Massively under priced, if they can maintain a stable course then naturally the SP will increase.
I thought it was ok it has got some undisclosed short positions worried
I actually thought the statement was slightly underwhelming but am not going to grumble with the profit.