“…before any cash …”3 Mar 2022 09:33
Hi all, this is my first post but I have held shares for over a year and am almost daunted by posting in case I am thought to be posting on behalf of another entity. For the record, I am bullish about our prospects and am writing this on my own behalf !
I just read and listened (again) to the tweet on the ARCM Twitter feed with a specific short extract from the recent webinar. NvS said, when discussing our cash position, that the $2M and the expected $1.5M from the CASA sale, are BEfORE ANY CASH from the Agreement that is currently on the table. This says to me that the proposed Agreement therefore involves an expected cash infusion to ARCM instead of a full buyout. Not surprising at all, but there must have been a reason why that specific extract was tweeted. I imagine we might be looking at a special dividend, together with a SP appreciation, before too long.
Forgive me if .i am stating the obvious (I think I am) but I wanted to draw attention to whatever rationale or signal that is being sent in that specific tweet.
Best wishes