RE: Email to the CompanyToday 13:49
Again, a very different business to where it was then. Yes, lots of fluffy stats then on engagements and % of market, and to a degree now too, with US partnerships. The China exit and US pivot explains the revs comp you mention and a large reason for the current share price dilution / shares issuance journey is response - it's hard to truly understand how this all unfolded. We can be cynical or not. Agree that a clearer picture on remuneration structure / current holding would be good for us to see, but a CEO getting paid is hardly cause for rebellion. But all these questions / concerns will have been put to them by M&G, Rathbones/Investec, Odey AM (b4 bust) and they seem satisfied for the time being with nobody running for the exit. They will have have to given them better reassurances / insight into revs and breakeven points. While not the most compelling reason to remain invested, it does matter for the time being at least. Getting taken out from here has real legs. The knee-jerk attempt a year ago to find a buyer was far too short a window to find a serious prospective buyer, and another poor step by mgnt most likely. Agree, you'd wonder why it hasn't happened yet, but MIRI / VPP are still flying under the radar and DD by massive corps takes time.