RE: Steady rise?2 Jul 2020 12:27
What has been extended is the period of exclusivity, which was originally set to June 30 to complete the deal. And it is that detail of the extension period ("Details of the new exclusivity period are not disclosed.") which has not been declared.
However they have stated in their RNS on the 1st of July the "Formal terms covering the extension of the exclusivity period" and "the nature of the additional financial support" which is "to be provided by SSSIG to the Company have yet to be finalized"
And they further state "These terms and particularly the details surrounding the financial support associated with the extension, will be announced once formalised. "
So, i remain puzzled about a few things but I want to remain hopeful.
If anyone is wondering what sort of things I am puzzled about reading in-between the lines is for example with all the time they have had how is that they can't even formalise the extension of the exclusivity period..on this part I hope it is a deliberate ambiguity and not due to obstacles other than COVID-related that have begun to arise.
They were promised extended financial funding beyond the 30th of June...surely they knew they weren't going to agree by the 30th so why have they not proactively prepared to the nature of the financial support...?? Did they wait until the 30th and go ohh wait we cant do this by the 30th lets now plan the extension period and finance support package for the exclusivity period which also we don't now know how long that will be!!?? of course not!!...
So there is definitely something their cagey about but i hope it is more to do with something positive being in play rather than negative developments.
Please save me this we're going to 1.60p soon and 3p actual value and north of 5p nonsense. We just don't know what is going to play out at the moment and DDs are in place and unfolding to as much show SSSIG the RTO may not be wise as it is to show its a very wise maneuver.
We wait with hope