RE: Cash Shell22 Sep 2023 13:52
I agree: anything is possible now. However, I'm no lawyer, but I can't imagine BEY can reverse themselves into LOGP and then expect to sue under the ECT for the losses they've suffered while unable to sue. What interests me is "the Company can seek to become an investing company pursuant to AIM Rule 8, which requires, inter alia, the raising of at least £6 million and publication of an admission document." Is that the simple way forward while awaiting $100m compensation?
Existing shareholders certainly don't want to be diluted but what's in it for whoever provides the £6m? It's all very sad - things could've turned out so differently and developing Barryroe would've done wonders for Ireland's energy security.