RE: No vote for Ashley until assurances and intentions21 Nov 2024 08:52
Things that make you go hmmm...
"However, on boohoo’s earnings call on 14 November 2024, the CFO
said there are set dates for repayment of the term loan. Relaying that boohoo would
actually be repaying the first £50 million in December 2024 only heightens boohoo’s
necessity to make disposals at speed from a position of extreme distress. boohoo was
sued by a collection of institutional shareholders for a failure of public disclosures. In
the circumstances, any sensible board would have been particularly careful to ensure
this does not happen again. £50m is more than the net proceeds of the emergency
fundraise. With boohoo not making money, we are now concerned more than ever at
the actions the Board, led by Mr. Kamani, and the executive team will take. "