Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Convincing the fianancial world that this is a different company from the one that went from an IPO high to a low of under 8 pence a share, Jupiter Capital lost a fortune here, as others would have who could not sit out the drop. Asking new financial backers to buy/fund REVB, to trust our sales figures and direction, with such a recent past of fiddling the accounts. I would say that Bob is worth every share in REVB the BOD offered him to join.
Redhammy - While Bob had done a good job steadying the ship surely you cannot be convinced that in his late sixties he is man to take the company forward in what is an industry that needs to be run by younger more in touch exec.
In the middle of a boardroom chess battle for control of REVB you would prefer a young draughts player as your opposition? Wnder why? Going forward the REVB board can decide who best suits our future BOD/Management style.
Hosai, often compares REVB with ELF.
ELF broke the mold with drugstore make-up.
They have fantastic products that compete with the best industry brands.
at afforable prices.
REVB next move should be to improve their formula's.
This is the next level for profit/growth.
We have gone from 58m to 99m mrkt cap since our shares started trading again.
Despite all the doom mongers that said we would never re-list.
and the horror...'' read my lips 4p''
Since he was brought onboard Bob has steadied the company.
Reassured the suppliers, banks and retailers.
With the REVB team they have continued selling apace, despite all the distractions to build the brand.
And when it was needed....been a monster in the face of hostile boardroom action.
Well done whoever hired Bob...have a beer tonight..and lets get this company flying.
So Bob has to decide, include the founders of this fantastic Revolution brand who built this company from scratch, who clearly know their market but need help with the transition to PLC or surrender to the bin fire company who can't sell t-shirts and lounge wear in a world where we all work from home?
I would bet that the 23 accounts are Bob's next weapon against value destruction of REVB...if the figures are good/consistent this could persuade Minto and Allsworth to stick with their best option, in my eyes, the present BOD. Any ''white knight'' out there would also see our true value.
Or they were just as pi+++d as the rest of us with the lethargic RNS updates?
They have investested a lot of capital here...for months of inactivity.
Minto and Allsworth also have their fortunes frozen.
No wonder they have used their position to challenge Bob into action.
...and it seems to have worked.
Exactly Rehammy, also this was in a turbulent period where our well documented distractions needed Bob's attention...great results.
It looks like Bob was happy, the beginning , to let BDO run up a huge tab as we now know Minto is on the hook for Exceptional costs to the business...is this a bargaining tool?
Minto and Allworth did some job building REVB, their failing was not realising that they could not run the company post IPO the same way as they had been. For a few million shares they could have brought industry figures like Bob and Elizabeth to run the company as they sat on the BOD making hundreds of millions. To make the same mistake twice and not back REVB now it's problems are in the past and with such a fantastic RNS today would be madness.
Aim's email to me pointed to the notes in our full 22 results...''However if you have not done so already, you may wish to refer to the information in the Company’s notification of its Interim Results of 2 June 2023 (available here) concerning the steps which the Company has identified as necessary in order to be in a position to request restoration''....the reply was on 15/06/2023...not the Aim team holding us up at this point.
Picked the first couple on your list...
During the prior period, the Group secured a Coronavirus Business Interruption Loan £9,000,000 which was fully drawn down. The loan is
shown net of any directly related issue costs amounting to £108,901 . Interest is charged at a rate of between 2.3% and 2.8% per annum
plus base rate. The loan was fully repaid upon the Group’s listing on AIM in July 2021.
During the 2021, the Group obtained a receivable financing facility of £11,000,000 of which £5,849,255 was drawn down at 28 February
2021. Interest accrued daily at a rate of 2% plus base rate. The loan was fully repaid upon the Group’s listing on AIM in July 2021.
Included in other loans in 2021 were loans from the directors totalling £6,300,000 and a loan from Mermaid UK Holdco Limited, a
shareholder of the Group totalling £5,700,000. Interest accumulated on the loans at 8% per annum. These loans were fully repaid upon the
Group’s listing on AIM in July 2021
Not going to go through all you have posted....please go through the full year results for 2022 more information on your IPO loans.