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Just sent Bob a WhatsAp message:
[27/06, 15:25] Myself: Good afternoon Bob. Will RevB publish any RNS today communicating the outcome of today's AGM?
Maybe there's no point in him replying since he might have lost his job already.
This is what happens when people wake up too late like he did.
What are the possible outcomes? Anything goes? Is it possible they approve today the removal of the BoD as requested by Boohoo? I am trying to understand why the reversal of the suspension depends on this AGM. It shouldn't because companies change BoD all the time!
Based on the recent good news, even if Boohoo takes over the company it is still very likely for the shares to fly.
Will they publish a RNS today after the meeting? Or are they not obliged to do so?
A lot of misinformation in here. Is the meeting today happening or not? And will we have any comm today?
Welcome to total darkness! Bob may say goodbye to his wonderful reputation!
As always, I appreciate your opinions guys. I confess I am not an expert in investing in the stock market. And I never dealt with a suspended stock before. I just think that 9 months of total silence and then 1 week of overwhelming communications feels ridiculous and offensive. Yes, it offends our intelligence. Enough is enough!!
An increase of 100% in the SP on day 1 of trading would be already great! 200% is not achievable. That will take a few months
Unbelievable! How long will we need to wait for the horror movie to end? When will the shares be back to trading?
If we do not have a comm with the reversal of the suspension today or Monday the latest then things start to be quite bizarre! Or we go back to trading and we capitalize on this great trading update or new potential investors will just turnaround and put their money elsewhere. Or you eat the potatoe while its hot or you don't. BoD and AiM need to move NOW! The wait is over!!
Sales up 60% YoY, positive EBITDA and significant jump of Gross Margin from 41.7% to 48.2%. A notorious improvement of all financials!! Congratulations to Bob.
But if suspension is not lifted we simply won't capitalize on these good news. Based on this trading update, there is reason enough for the shares to open at 40p on the first day, which corresponds to a jump of 110% versus current price. Am I being optimistic or pessimistic in here?
Your opinion is always appreciated!
The conclusion is: changes in BoD happen all the time and this never suspended a share. The same logic applies to takeovers and other similar situations. I see a very dark scenario if the shares are suspended until the AGM. Then Boohoo will appear as a life saviour buying miserably cheap instead of the predators that they really are!
To open over 0.50 is very difficult. You are being simply unrealistic to assume it could open at 1. If the stock closes at 0.40 on its first day I would celebrate immensely. I think 0.40 is possible. More is difficult. Not sure why you are even considering that as a possibility....did it ever happen to a suspended stock before to jump 200% or more in 1 day?
Appreciated for the clarification. It would be a personal humiliation to Bob if this does not go back to trading max next Monday. "Imminent" as he stated is a very clear and not ambiguous word! I don't want to be treated as child anymore.
Is it possible that AiM communicates the reversal of the suspension at 7.30 and then the stock starts trading at 8.30? Or will they issue a comm but then the shares start trading a few days later?
Eye for an eye. He wants to be on LinkedIn then please he needs to update his profile. Ideally "unemployed" or "professional th**f".
I have just REPORTED Adam Minto on LinkedIn. His profile is misleading as he is NO LONGER CEO of Revolution Beauty. Basically, he needs to change his job title. Guys please report him too!
Minto is such a passionate man!
I agree Silverlight . Are shares suspended every time the BoD is proposed to be changed or effectively changed? Obviously not. Let's be very clear on what drove this suspension.
I have just WhatsApped Bob to get an update. Enough of waiting. You guys should do the same. He needs to wake up once for all.
I really have the expectation the suspension will be lifted tomorrow or Monday as these decisions usually take place in the beginning or end of the week. If this does not happen then Bob's words cannot be taken seriously. This all became already a dodgy situation.
Whar are your predictions for the SP when trading resumes? It would be great to have some opinions in here.
Could I please propose a challenge and ask what you think will be the close price on the first day of trading?
I would say 0.32, which translates into a 68% jump.