Member Info for Dontgiveup123

Though this was said to by EVE:-

"In order to deliver our objective of creating the first digital sleep wellness retailer, the board considers that eve would benefit from additional investment," it said.

I don’t think the FSP has an actual end date so this could go on a lot longer yet could it not? Definitely the uncertainty here is not helpful!

There last takeover kept the board of directors and staff on and they let it run on as it was but obviously pushed the products through DFS as well. It seems DFS could benefit from tax breaks due to the previous EVE losses. Time will tell but it will probably suit EVE management well enough that they would be retained along with with EVE staff. Obviously DFS would become the powerful decision makes for EVE day to day running’s though.
Just wonder if DFS would be prepared to pay a fair price per share for EVE — Remember at last capita raise Paul Pindar ( amongst other) did pay 10p a share and he put in £1 million pounds of his own money to buy 10 million EVE shares. With present SP 10 million shares in theory could be bought for £80,000!

If DFS are interested and they stick to a similar path to previous acquisitions such as Sofaolgy - I think they began in a March time with their products and bought the business over in the August.

* Note — I think that website is an American website so EVE don’t get a mention in the best mattresses section.
If EVE mattresses are as good as Which recommendations then one can see why an American entity may have shown interests as America seems to be a big Mattress market.

Some info how today’s technology can affect sleep:-

https://sleepopolis.com/education/digital-wellness/

Perhaps this extract is more beneficial:-

"In order to deliver our objective of creating the first digital sleep wellness retailer, the board considers that eve would benefit from additional investment," it said.

And taken from :-

https://www.lse.co.uk/news/EVE/eve-sleep-to-put-itself-up-for-sale-miss-fy-revenue-expectations-fvpbta10p6ku8cp.html

When EVE was around 5.5p and everything stated by management was positive it’s seemed a certainty EVE was heading more towards 25p a share not the 0.5p this week!
Hopefully we will recover - somehow!

This website organisation appears to have similar aspirations to EVE Sleep -
Wonder would there be in value in some sort of partnering here:-

https://sleepscotland.org/

Wonder if this a bit like the digital sleep idea EVE have?

Hopefully averaging down will prove to have been a good move.

I for one will be voting NO if EVE do not present an offer around the 10p per share level.

Considering the March presentation— was EVE not progressing along nicely to the breakeven/profitability goal before the American Investor approached EVE as per extract:-

‘. Recent inbound investor interest has led the Board to conclude that the optimum way to build shareholder value and realise the opportunity in sleep wellness is to launch a strategic review to secure either a new owner or a major strategic investment partner.”

Suddenly EVE maybe sees how a lot more cash inject can steam then along so they can meet the boards ambition to realise the opportunity to become the worlds 1st digital sleep wellness business— I expect all the new digital equipment needed and expert computer staff would not come cheap?
Would we not be able to continue on the going concern path without these expansion plans having to be implemented ASAP? We simply have not been told enough to know - but it seems things were ok given the March presentation by CC & Tim P.

Compare the Match presentation ( the only info we have from EVE prior to the RNS)??????

Note CC does say it’s the ‘optimum way’ not the only way!
And that is to ‘realise the opportunity’ — in the EVE expansion plans? Why can’t things be taken a bit slower and at a pace EVE as it is now can afford?

Fellow shareholders please take note:-

If any offer is put to us by EVE Plc and we are advised we can vote on it then....

I emailed Hargreaves Lansdown to ask how I can be registered to vote in any voting which may happen in a EVE buyer submitting an offer?
This is the reply from HL so a bit of planning would be needed :-

Thank you for your enquiry and please accept my apologies for the delayed response.

If you have holdings in a UK listed company and would like to vote towards the resolutions of a meeting in respect of your holding, we can submit this in advance on your behalf.

Please send us your clear instructions and if you want to vote FOR, AGAINST, or ABSTAIN each of the resolutions.

We can then submit this in advance of the meeting.
Please do this at least 5 working days prior the date of the meeting to ensure we meet the company voting deadline.

If you have any other questions, please let us know.

Kind regards

Christine Keay
Corporate Actions

It seems EVE with a bit of tweaking could be running profitable but they still refuse not to so the can chase expansion but they maybe realise they can’t afford the amount of expansion they have in mind without an inject of capital. Why can’t they run profitable for a year or so to build up cash reserves ( I mentioned the same point when they published 8.3 million in bank up from 6.9 million was it? as for July and August 21 they were showing monthly profits and adding cash to the back balance) .
With CC persuasive way of taking EVE up ( I think she could sell sand to the Arabs) can she not consider approaching a bank for the minimal loan necessary ( if it’s even needed) to get us running profitable.
I worked in a steady little business years ago which had a nice steady turnover and profit from week to week and obviously increased prices for inflation when needed and still happily trades and is profitable today! EVE can in my opinion turn easily to a business generating monies to increase the bank balance!

But why is Wyn continuing to post here as he has no shares at prefect? Still find this odd and never get a satisfactory answer when asked?
Thanks everyone for being a bit more optimistic here today.
In reality we know nothing and won’t until there is some official news from EVE.

So.... with all this thought put into the EVE rebuilding and such obvious awareness of world events etc - perhaps EVE are not doing too badly at all - and this new FSP is exactly what the bod claim and in really only to provide funding to move EVE expansion onwards ( and hence may be a very valuable company now and may in fact be able to continue on at a slower pace as a going concern if EVE don’t find what they seek in the FSP)?
Again the more research I do the more believable it seems the above could be true!

Watch this:

https://www.youtube.com/watch?v=wzYl5aYoNMk

*** Correction — publication date of that article was 24th March 2022 ( sorry I accidentally typed the year 2020)