RE: MY OPINION10 Jun 2025 10:59
I think it is fairly clear that the accounts will not be a pretty sight given the declared issues with the company including its closing down of operations last year. That must be apparent already to the market so, for me, the accounts are now pretty much irrelevant, save for the fact that the delay in producing them is the cause of the upcoming suspension. What is important, imo, is what is happening now and likely to happen in the future.
A new board, new funding and a restart of the business and revenue generation have to be good signs. I don’t think the delay in confirmation of the two new directors is likely to be an issue given that regulatory approval is required and such things always seem to take longer than they should. Telegraphing the suspension so far in advance seems a bit naive as it was bound to cause some selling and pressure on the SP, but was probably insisted upon by the Nomad as soon as it was clear they would not make the deadline. I am in the holding on category. Of course it is possible that the business could fail, even be taken private and delist, but there are a lot of much bigger and presumably wiser investors, advisers, directors and brokers that, having invested, or taken shares in lieu of cash have much more to lose than me and will no doubt know more about what is going on and is likely to happen in the future than me. So, I am effectively backing their judgment. Other small investors have bailed, not wanting to be locked in come suspension, and that is understandable. However, when the suspension is lifted, there may well be a further update, hopefully confirming further progress in turning the business around. If so, the SP could spike and those hoping to buy back in will either be thwarted or have to pay a higher price. Hence my decision to hold on. May be wrong (proving Sarah right) or maybe correct (giving Dash a sigh of relief). You pays your money and take your choice. Don’t see the need for loads of backbiting and sarcasm but these boards seem to have a nasty habit of bringing that out in some people. GL to all that are holding on and to any new investors/traders who see potential.