RE: Depending on your average shareprice is how you interpret the RTO14 May 2024 12:57
Age,
I was not expecting a direct reply to my emails, however, i was hoping that they would cause the board to provide clarity should the RTO be rejected, of which they have stated they will wind the company up and distribute the remaining cash.
So i will now be asking about winding up timeframes, anticipated cost, RTO abortive cost and required staff to do so as there is the possibility that there will be nothing left should the process take 18 months.
My question to you is this, what have you done? What are you going to do with the shareholder action group? As i have not seen any pro-active ideas.
Personally, I think you should contact AMC & the Nomad stating that number of shares within your Action Group and that they will all be voting no due to how poor the deal is :
- Share % retained by AMC shareholders is too low.
- Total share issue authority is too high (19bn)
- If only 750k is required for trials (per linkedIn) what will other 1.3m be used for
Use the action group to get a better deal, I will add my 27m shares to support this.