Bit of a tug o war between the light and dark forces at the mo. Anyway, I’ve risked it and added at 75p this pm. If evidence is produced of misdemeanours then so be it. Personally- even accepting Texas - I can’t see it. Trouble is, with MW it becomes a self-fulfilling prophecy. He makes his own market, and that can’t be right. Not that any fukka will do anything.
I suppose after today’s news, tomorrow or Friday could possibly produce another RNS giving an update in the wider sense, although they would probably want more time between Minto going and the investigation update. Next week might be interesting. I do feel they have primed the market today and must be intending an update pretty soon.
Presumably it’s quiet because the new management are controlling events behind the scenes. There’ll no doubt be a fresh (hopefully significant) marketing push once the merger is done and dusted.
With Anna already gone the deal must be very, very, very close to a 100% certainty.
I doubt Minto would sell down his holding at anywhere nears current values. He has seen a massive drop in his financial worth so like us he will now surely be looking longer term for a decent recovery or at least a good sale price.
One of the significant benefits of the intended merger is CBX (or whatever they might call it) getting a bod that has proven capabilities in developing a little company. Obviously they primarily just want the LSE listing via the back door, but the synergies of the two entities could take the new company to another level. Also, consolidation is inevitable in an overcrowded market so these two are getting in early, and I’d not be surprised at further integration in the not too distant future. Interesting times.
Bought back in yesterday but haven’t been watching lately. What’s with all the constant piddling ordinary trades?
Otherwise, the proposed merger looks promising - albeit from a pretty poor base point.
The two directors could be assisting the auditor’s investigation in a similar vein to ‘helping the Police with their enquiries’. Anyway, it would appear day to day business with third parties has been difficult given the big cloud hanging over REVB and it’s officers. Understandable really and it makes sense for them to distance themselves, whether by their personal choice or others’ suggestion. Should have happened sooner.
Well if you lot think I’m some scheming deramper (which is frankly hilarious), after 5 continuous years invested in ECO - now quite heavily for my pocket - I’ll not waste our time further. I’ll leave you all to it and join Phoebus in voluntary exile.
I wish you all good fortune and goodbye.
Regards sowing doubt in investor minds, that is perhaps more pertinent and relevant when thinking of why the CEO of our largest shareholder has been so loose-lipped. What does HE and AOI have to gain from such comments at such a sensitive time. I certainly don’t know the answer, but it’s a reasonable question.