RE: 9th Dec RNS. Market update26 Dec 2024 14:19
People are nervous because they don’t understand what is going on. The largest shareholders have been at loggerheads with Guido for a while about the direction of the business.
The recent RNS regarding non voting shares being converted to voting shares was the chess pieces moving ready to call an EGM to requisite the board.
I’m really pleased that after a terrible past 12 months in terms of shareprice, a new team will be put in and Guido agreed to step aside. The company has turned around last month or so with good cash balance and a busy 2025 of forward orders already locked in
I can see this being one of the surprise multibaggers of Q1 2025 as we start to look up to fair value. Currently £9m Mcap is a joke