RE: Questions for JB25 Jul 2020 18:25
Carsgeek thank you for the opportunity.
I would ask JB:-
1. Did you obtain any follow professional advise when determining to sell your shares?
2. You indicate that when you get to 10% you will seek the removal of the Directors you do not then support, this would suggest that your irrevocable undertaking has an escape clause - correct?
3. If the answer to 2. Is no and you have suggested with GC’s appointment that you may see a route to support (invest in?) AMGO in the future as you are committed to sell 1% per day until you reach zero, how can you add, presumably you would end up selling the shares you had just bought?
4. Do you see a JR as the only route or could FCA/FOS find a compromise that you would find acceptable and would add value?
5. Your Tweets suggest that you believe retail buyers have taken your shares from the market and will support you. Whilst many of us have and will support you it is quite a stretch to believe retail customers have so far added 150,000,000 shares - is it not more likely offshore funds have bought many/most of them?
6. We may all appreciate the opportunity although none of us would say this has been an easy ride or one that has/does not give us sleepless nights - why if believing the shares to be worth over £1 (as do I) did you not put us out of our misery when the BoD came up with the pitiful offer of 21p by stepping in then with a 30p offer. You only had to take 40% then and the money with AMGO would have paid for it?
7. Are you able to add anything to give us grounds for hope?
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