Member Info for Aubery

Would not trigger
....

Tend to agree NTTG
We’ve been advertising that we are up for sale for a while now and DD has been completed by some. Yet no formal offer for part or all.
BoD are strong enough to take this alone

But from memory I think I read that they would the EPC would not be triggered while talking to third parties... so, we haven’t triggered the contract so must still be in talks?!
Update overdue
Shortly

Agree A1ex
Samm - what news is it you refer?

Fine A1ex
Good work on the license research

Post of the day TDT.
After that post there really is nothing else to say!!

Stockdale
NDAs are wide ranging. There will not be a super injunction.

But in my 20 years of reviewing and signing NDAs I’ve never seen one where a buyer is prevented from continuing day to day ops and updating the market ‘ordinarily’.

A1ex
Given we are suspended I’d like to hear all opinions and certainty any challenge and scrutiny to the way this is playing out.
Shortly....

No NDA would state that a seller cannot update the market....

NTTG
Bang on.

Ian
Maybe Matt thinks that because we are suspended and we don’t know why.
I agree that the longer this goes the worse it is.
Hope I’m wrong
Shortly

Buck
I think Spikej answers that question
My observation is why the RNS is not made more explicit if it was the case that the company was to be investigated or is it just getting its house in order.,
It’s all so opaque..,.

A1ex
The NDA is an interesting one.
Question is, if they were in place, who broke it, the buyer, the seller, the bank, the tweeter....
In my line of work it is usually the buyer that signs the NDA at the insistence of the seller. But, it would be the bank that would brokering the deal and not EUA. The ‘tweeter’... who is his paymaster?? The bank?
Messy
Simple update, this would likely not undermine any NDA (these are not super injunctions)

EIE01
Thing is we don’t know. You are basing everything on the tweet.
I’d prefer a proper update through official channels.
Rather than an tweet from some douchebag.
No way a multimillion pound company should operate its comms.

Ian
I agree that Lamtree’s theory is just that.
This is the issue with all this. No substance either way....
I do agree that a tweet from any douchebag doesn’t cause a 7 week suspension, sale or no sale.
Simple plain update needed

Some quite extraordinary claims on twitter, they appear to be getting strong from the usual critics without any reply to the contrary.
Time for an update.
Shortly

Cheers Spikej

Spikej
What’s the ‘jist’ of the post?

The Company confirms that, following social media speculation, trading in its ordinary shares has been suspended (at 7.45am today) pending clarification of its relationship with CITIC.

The Company's AIM securities remain suspended. Further updates will be made shortly.

Lamtree
The RNS states ‘suspension’

Lamtree
‘The Company confirms that, following social media speculation....’