RE: Price15 Jun 2021 15:08
Swatton, Yes I think a cash deal is probably the most likely reason for the delay.
Back when the deal was penned, HUM didn't have the cash and it would have meant taking a punt on pog. Given the share price now versus when the deal was penned then 10 million in cash with zero lock-in's is a better deal than 10 million in shares valued at 28p for Cassidy and no dilution for HUM and overhang for their investors. I also think cancelling a planned dilution event and paying cash, publicly demonstrates cash build, BOD reluctance to dilute and a level of maturity that is rarely seen on AIM.
I think a cash settlement would be a win win for all involved imo.