Results - All Change17 Apr 2023 11:02
We have a change of name, change of valuer, change of registrar, change of auditor, change to the articles, a change to the board (but they can't find a NED replacement so they're paying headhunters to find one) and, finally, a continuation vote in 2025.
Re the continuation vote: it will provide shareholders with the opportunity to vote on whether the Company "should continue in its present form". What does that mean ? That the company might continue in a different form? Or a straightforward wind-up with all assets sold for cash and returned to shareholders? In the case of the latter, does anyone really think we'll get the NAV?
Re the buybacks: I say, with what money? The total value of all buybacks over the past 2 years, per the chairman's statement, amounts to a paltry one million quid. Peanuts.
I've only read the chairman's statement so far. That's as much as i can take on a Monday morning.