RE: New deal14 Mar 2023 10:01
This extract from rns says......what they think might or might not happen if VOTE is no.....when i read it seems to me...they dont have a clue themselves....
"Importance of the vote
Shareholders should be aware that if the Sale Resolution is not approved by Shareholders at the General Meeting, the Sale would not proceed as currently envisaged and, as such, the anticipated net proceeds of the Sale would not become available to the Group. Accordingly, in light of the Group's reducing cash position and the challenging trading environment, it would be likely that in due course the Company and ITSFL would not be able to meet their respective financial obligations as they fall due and there would be no alternative other than for the Company and ITSFL to enter into administration or some other form of insolvency procedure under which the prospects for recovery of value, if any, by Shareholders would be uncertain.
"THEY ARE UNCERTAIN as to what shareholders might get back"....at same time....they say "LIKELY to go to ADMINISTRATION"...not "WILL"...
in either case....what matters...is ADAM should not be able to get away with RINISING shareholders .... if he thought he could get away with it lightly....then he has to think again