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Didn't have enough votes to remove zorbas
Let's hope for a bit of a bidding war. Other players shouldn't be happy to let gafeng get in on the cheap. At least if there are no bids then I guess this deal is as good as it gets at this time.
As a LTH I'm not overly impressed with this on face value.. but will look with interest tomorrow when we find out details. Hopefully more will come out. On face value there are a few issues in my mind. PS is saying to me that I'm not capable of bringing this any further and desperately need help. I think his time is done. Why 25p? Funny that kdnc chap said 25p many months ago. Let's hope it's coincidence and nothing to do with forcing the price lower for this deal. Full financing still needs sorting. The off take partners will probably be a bit miffed. I certainly would be. Where does this leave the investors such as the Oman fund?
Gangfeng has got a bargain. Hopefully their next buy in will be for a substantially higher price
Funny that the existing boards fees haven't been mentioned in that rns ;)
I expected him to try and last longer. Perhaps he knew he was done and will be exposed. Obviously got to ask.... Are the new board members connected to him at all?
What percentage vote is needed to kick off zorbas etc? From those numbersit looks like the concert crew have 30.3% of the vote....
RNS Out with the results of the votes.
As a rebel... is the vote to oust the zorbas crew at the next agm. Just need to know when to get my vote in :) Cheers Will
Not enough votes to pass :)
Yep agree every vote counts. I didn't realise they could be counted and not allocated... sneaky
Does anyone know if the drone purchase shares have been allocated to trading. I thought they were due today?
I'm only seeing price monitoring extensions... is that what you're referring too?
Same email sent to me too. Let's hope they have to use it some more ;)
Let's hope things get better. Personally I wouldn't stand by and do nothing if I saw someone smashing the windows of a shop and stealing 10% of the stock inside. I've no idea how this will now turn out but worth a try to rock the boat a bit
Not at all I actually think a drone surveying business is a good fit and when I saw the headline I thought it was a good move. It's only when I saw the valuation and started a bit of digging that it dawned on me something isn't right. I think because it's a good fit that they've used this as a front to their own means. If the obvious connections weren't there then alarm bells wouldn't be ringing so loudly imo.
Thanks. An interesting read
Just saw the headline on twitter.... I'm not a share prophets subscriber. Is there a transcript anywhere?