RE: Another day of frivolity18 Oct 2019 23:36
Ap, I agree about the snake pie salesmen not telling us when they are selling...it happened with Oldco Nuog and it will happen with Newco Nuog, just like it happens with all other shares. However, you're attaching too much importance to the £500k. The new outfit aren't the skint ones and there's hardly any wages left to pay for the old lot as they stepped down with immediate effect, hopefully hanging their heads in shame.
The new team have something in mind and aren't waiting for a measly £500k to start planning it. That isn't the issue imo....the issue is whether their plan comes off and whether existing holders have an opportunity(ies) to salvage some of their losses. It's going to be a whole new company so your certainty about it failing is about as accurate as those guaranteeing a 10 bagger....nobody knows for sure and I hope it stays that way, with a lot less whispers and ideally no self-proclaimed insiders this time around.