RE: FUNDING NEWS - READY TO SKYROCKET TO 5p- 10p - 20p - 30p - 40p -50p19 Apr 2022 18:26
Agree completely Yes,yes,no.
Morrisons want to continue the roll-out but won't buy the firm out totally. They will want to wait until it goes bust before cherry picking.
Reading analysts reports, while Morrisons roll out is generating money for Morrissons, nevertheless it is still off lower margin than selling directly to customers. For this reason, Morrisons will not throw themselves into the fray.
Re: existing lenders - they will need to see a clear strategy and a firm plan from the new management in order to continue financing. Getting the ex-ceo to leave may have been pay off the non- negotiables before talks even started.
So in summary, it is not a done deal and whatever you do, don't bet your house on it. You may be pleasantly surprised or you may lose some money. At least you'll still have a roof over your head.