The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
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At least a couple of shareholders have told me they will be at the meeting in Glasgow.
Has everyone lost the will to live or has everyone been banned.
I think it's a case of battle lines have been drawn so just waiting now.
You’re doing a fantastic job Big D and much appreciated! It’s clear that the BOD are certainly not acting in shareholders’ best interests, because as far as I’ve seen no honest shareholders support this farcical deal.. the BOD must be held accountable! Really hope we can succeed!
Yes some calm before the storm.
BD - have you got feelers out for a replacement BOD? I guess the company will need some directors in place quickly following the removal of this lot. Maybe even elect a couple to the BOD at the EGM? They can then organise the forensic accountants as well as launching their own strategic review.
Do you think they all need to go? I guess priority is AF, TR, and DR. Maybe keep Muir and Don for the transition? (Personally take a dim view of these guys…they should have resigned on the related party shenanigans in my opinion)
I am in the process of crossing the T’s and dotting the i’s. It’s very important that the correct procedures are adhered to. Let’s see what tomorrow’s vote brings.
Interesting titbits in the WEN interview https://www.youtube.com/watch?v=-GQ1PKsHzUc
WEN not the preferred bidder - Private Equity was.
“No difficult discussions”
Says it all really. Clearly the BOD have not played this well in my opinion. Are they aligned with shareholders?
That interview is 100% aimed at SCIR shareholders.
Pretty disgraceful IMHO.
WEN will most likely lose this deal now in my opinion. Utter desperation to put out a paid “interview” like that
Please check to see if you have received an email from soloegm123@gmail.com
If so please return form back to me asap
First step here is hopefully a NO vote, next step am EGM and board outage.
It will then become apparent to WEN that the only way to get the deal over the line is giving SCIR a retained percentage or an all share cash offer for the company.
It would not surprise me in the slightest that ARA may have offered the same terms as Aminex but the board rejected it as they are cash greedy and it didn't suit their asset stripping ways. We have to get them out quickly. Look at the money that has been dwindled away here.
They even owe Gneiss a fee for aiding in this useless deal. Why are they so incapable of doing their own legwork. Money for chums it seems to me HE1 will be the next sell off . AIMHO
The EAG deal also needs looking at…I wouldn’t be surprised if our partners are connected in some way to Fitzpatrick
I think T.R has learned well from J.F and is now positioned to use EAG the same way Gneiss is using Scirocco.