So can anyone explain in their own words what a "sustainable Web3 environment" is and how it relates to SYME? (not copy and paste) What is the relevance to SYME of Bitcoin and Tether? Did AZ just throw those in there because they have a large market cap?
Yes, THG told shareholders all about it, even though the Board thought the offer was too low;
Update on Recent Approaches As confirmed in the Company's Preliminary FY 2021 Results and Q1 2022 Trading Update on 21 April 2022, THG has received indicative proposals from numerous parties in recent months. Furthermore, as announced on 19 May 2022, an indicative non-binding proposal from a consortium led by Belerion Capital Group Limited and King Street Capital Management, L.P., had been rejected by the Board of THG.
OK, so this "credible party" that they ended the FSP for, and who completed due diligence last year, has not made a formal offer the Board is willing to accept. Either they haven't made any offer or they made an offer the Board didn't accept. Either way the Board should clearly explain what's going on.