Happy Reading9 Oct 2025 21:24
Ladies and Gentlemen,
Let me take a moment to share my perspective as a fellow investor. If the "NO" vote prevails, I believe we will be in significantly safer and more competent hands. It’s important to consider that the largest shareholder, who has invested the most, would naturally act in the best interests of his investment — not against it.
While I am not the largest shareholder, I do have a significant stake in the company. In my view, the Board of Directors (BOD) has treated him unfairly in the most recent RNS. If the "NO" vote does not succeed, the current BOD may continue to face major hurdles before they are able to take meaningful action — which raises concerns about the company's future direction.
As an investor, I feel more confident aligning with the "NO" camp than with the current board. In business, repeated failure should not be rewarded — it should be investigated to uncover any potential underlying issues or agendas. Investors have waited over five years for progress, and yet the delivery has been underwhelming, with sales reaching just £1 million — hardly a milestone to celebrate.
I remain hopeful that better days are ahead. However, I must express that I no longer believe the current board possesses the capability to drive the company forward. It may be time for certain individuals to return to areas where they excel, rather than attempt to manage multiple demanding roles that require full commitment and focus.
I urge the board to make peace with the company’s major shareholder and consider whether he could deliver better outcomes than what we have seen over the past five years. Frankly, based on the quality of the recent RNS, it seems even AI could have done a more effective job than the current advisers.
Let’s strive for transparency, accountability, and a leadership team that genuinely prioritizes shareholder value.