Shareholders response5 May 2022 18:13
No news can mean very good news.
And with 100% certainty I can say that there would be some shareholders unwilling to take £1. I am just below and would not for a start. I know others above £1. Either way, no-one could possibly know all shareholders would agree. I know some at £1.10p Placing price. Either way, it’s an utter impossibility to know all shareholders would agree. You just can’t. No-one could know that because we can’t know every single investor and their portfolio.. And the BOD may well hang on in . They paid £1.10p and in spite of 53p options, it’s not a real reward . But certainly , I would estimate it’d be the majority that would accept after this pain but some would certainly hang in.
Some may be happy to leave their nest egg in a new science which could genuinely multibag, especially if they don’t need the money. Why not reject £1 and wait for real returns? There would absolutely be some shareholders who would not agree to £1 . But it’d probably get voted through yes.
I seem to have lost threads. All become one thread (??!)