RE: Longterm funding not short term emergency.17 Apr 2025 13:38
Icecool I post all sorts of crap not just on WG sometimes it’s to troll, sometimes it’s because I’m short/long, sometimes I’m just bored but you are absolutely deluded.
“Trading at a 40% discount to the supposed offer price and going lower. That’s not confidence, that’s rejection.
You think the extension confirms support? No, it confirms Sidara can’t get the pieces in place, because they don’t have backing”
It’s not the 35p offer from sidara that the ‘market is rejecting’, it’s the future prospects of the company the market is rejecting. People aren’t paying more than 21p due to lack of possible reward relative to perceived risk at the moment.
The conditions of an offer are that the accounts need to be published. You can maybe speculate that once everyone sees just how bad they are 35p might seem generous, or you can speculate something else, but they aren’t moving until the accounts are published and it’s not to do with them being ‘unable to get pieces into place’ it’s to do with WG not having a reliable set of accounts. They’ve said it won’t be published in time so suspension is a given.