AIM can only take account of the current situation where the company in question has the requisite board, not that other parties might want changes made at some point. That said, AIM could well consider it in shareholders’ interest to relist asap.
With regard to the revised, lower valuation of Medichem, given the use of the term ‘material’ to describe the difference to the initial figure, while it’s yet to be concluded I’d guess the company has a new total valuation 8-12 mil short of the previous. If that sort of figure materialises it will clearly by highly beneficial to Rev’s overall financial picture. I’d love to be a fly on the wall during said negotiations with TW!
After Bob’s previous.wording on the topic, the carefully minimal reference to and avoidance of detail on the process of re admittance to trading is weird - and frankly concerning. It’s obviously not entirely in REVB’s hands, but they must know where they are at along the process and what obstacles remain. At the moment it potentially looks some way off.
Too early to be considering a dual list, in my view. The company needs to prove itself through normal business, to at least include this year’s results. Quite a few US companies with mainly US operations list on LSE only, without apparent difficulties. They certainly need to update the market on the new management’s business strategy to make it very clear the business has both realistic short/medium term objectives in place and an ambitious development plan for the longer term.
Artrader, well done for delivering up your first post about REVB. Your writing style is, well, a bit breathlessly romantic - Mills &Boon even - but after all, you have had at least 10 months to guild your flowery prose. Made me smile, though.
Have been travelling so limited opportunity to digest everything. However, it’s looks to me like the sp crash more than compensated for the situation now revealed, and with business since having expanded and thus apparently doing well under Bob’s smarter management, it seems there’s plenty of reasons to be optimistic in the short, medium and longer terms. I’m optimistic!
Had a look at Wallgreens, and there’s a decent number of products carried, so at least the arrangement is still live. Bizarrely, there are even a few Love Island Revolution items listed, which is not a line I’ve heard of. The company certainly seem to have gone for brand partnerships with some enthusiasm. As an aside, Wallgreen’s website told me unbidden that my nearest store was Chicago…but none of the products were available in store.