RE: VALSEN3 Nov 2024 11:11
It's not uncommon for companies to use the entire 30-day window to secure a new NOMAD, especially if there are operational or governance complexities involved. Woodbois has faced multiple issues recently, including board changes, shareholder uncertainties, and financial challenges, which may be causing potential NOMADs to conduct more detailed due diligence than usual.
In general, if a company faces straightforward circumstances and has an established relationship with prospective NOMADs, finding a replacement could be quicker. However, when there are complications, NOMADs may be more cautious about committing, as their role includes overseeing and ensuring the company’s regulatory compliance on AIM.
The full month might be used as Woodbois and the prospective NOMAD ensure that all governance and operational aspects meet AIM’s standards, especially to protect the NOMAD’s own reputation if they take on the advisory role. Given that only a few days remain, an announcement should ideally be imminent, as failing to secure a NOMAD by the deadline could lead to a delisting, impacting shareholder value.
Yes, it's not uncommon for companies to use the entire 30-day window to secure a new NOMAD, especially if there are operational or governance complexities involved. Woodbois has faced multiple issues recently, including board changes, shareholder uncertainties, and financial challenges, which may be causing potential NOMADs to conduct more detailed due diligence than usual.
In general, if a company faces straightforward circumstances and has an established relationship with prospective NOMADs, finding a replacement could be quicker. However, when there are complications, NOMADs may be more cautious about committing, as their role includes overseeing and ensuring the company’s regulatory compliance on AIM.
The full month might be used as Woodbois and the prospective NOMAD ensure that all governance and operational aspects meet AIM’s standards, especially to protect the NOMAD’s own reputation if they take on the advisory role. Given that only a few days remain, an announcement should ideally be imminent, as failing to secure a NOMAD by the deadline could lead to a delisting, impacting shareholder value.
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