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If approved by Shareholders will be paid out in 90 days, he then has another 6 months to find another asset - That is a potential of 9 months where Robbing will earn his salary (over $300,000). Its questionable whether he actually deserved any of his salary to date.....
I will be voting him out when he is next up for election and any others
"The better offer was there, but shareholders turned it down"
Do you really think the previous off was better? $105m over 10+ years??????? Get real!
Both deals are not worth considering but with the current climate, at least with this one we get everything in the next 90 days.
...... After Completion of the Disposal, the Company will become a cash shell and will seek to complete a reverse takeover which will require Shareholder approval within 12 months. Should an acceptable reverse takeover opportunity not be identified and approved by the Shareholders, the remaining funds from the transaction less costs shall be distributed as a second special dividend.
Extarct from RNS
...... After Completion of the Disposal, the Company will become a cash shell and will seek to complete a reverse takeover which will require Shareholder approval within 12 months. Should an acceptable reverse takeover opportunity not be identified and approved by the Shareholders, the remaining funds from the transaction less costs shall be distributed as a second special dividend.
Extarct from RNS
Thanks for posting Troajan
Seems like Robin has had enough. I cant see we will get a better deal.
I don’t think the price was an issue, just the time period in which the $105m would be received
Good to hear he is speaking with a few different people.