RE: Request AGM Question5 Jun 2024 12:31
E Pen.
First let me say thank you for taking the initiative and proposing these things. Can I be awkward for a moment though.
Where subjective terms are used by the company, such as to “Bulk up” or “earliest Q1 2026” I would say that they are open ended statements and of little meaning.
What is their definition of bulking up? Is it 20% , 90% (or other) growth, and is that in profit, turnover, production or what? (continuing to invest in a new POX unit will seriously impact on profits, even if production were to shoot up). Likewise, the Q1 2026 timeframe, why? if the “bulking up” target were previously met? Having two, both, subjective moveable targets, states nothing in my view, (unless I’ve missed something).
Assuming that re-joining the LSE will take some time, is that to be set in motion before these targets are met so as to correspond to their being met? Or is that “meeting of the target” then the get go for application, such that re-joining then takes another “X” months? These things may seem small, but I’d say they could easily add appreciable time to any LSE listing.
GLASH.