Pig's breakfast3 Sep 2018 18:13
"The Company is pleased to announce that Shandong Ruyi has committed to complete the transaction by 31 August 2018"
So is the money in the bank then? No.
Because first we need a vote, not in 2 weeks, but in 5 weeks, why?
Why wasn't this arranged weeks ago with the original RNS, why only now? Nothing has completed today, just a reiteration that they will complete but only after a vote that they've only now arranged.
No wonder punters who were hoping for some meat on the bones today with maybe cash in bank RNS, maybe future plans statement etc, or at least cash in bank pending a vote in 2 weeks max. Instead it's just another 5 weeks and no sign of the cash or contracts.
So the statement at the start of this post is false. It hasn't completed because it can't, not without a vote, which they must have known.
Anyone going to AGM should ask why this very positive news has been turned into such a drawn out mess.
Aimho, dyor, etc....