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Fred almost identical situation to my own. Thought I’d done well buying in at 17.5p about 2 months ago. I have just sold out for a £12k loss. Best to try and make it back elsewhere instead of becoming a long term holder here.
Best of luck to those who are waiting it out. I hope it comes good for you.
If they have the founders on board surely our 15% makes no difference. Even if we were still suspended come the AGM they could replace the board.
I’d rather have the chance to sell my shares on the open market before this potentially happened.
Https://www.dhakatribune.com/financial-markets/2023/05/26/revolution-beauty-revb-update---why-on-earth-did-boohoo-buy-in-here
Not a pleasant read. Don’t know if the source is respected or not, I haven’t come across the site before. I’d be worried if we have to wait another set of accounts before the suspension is lifted.
Agree pumpky. Unsettling we aren’t trading again. We were told we’d be trading once results were issued. Nothing mentioned about other outstanding requirements. I’m thoroughly p*ssed off with the e whole thing now.
We little PIs are like mushrooms being kept in the dark. We haven't been any time frames around how long this latest delay will last. Surely these controls etc. could have been sorted whilst we waited a lifetime for the accounts. The lack of communication is seriously frustrating. We still have no clue what our shares are actually worth nor an idea of when we will.
Reasonable is my impression after 1st read, certainly far from brilliant. The previous RNS stated we’d be reposting after these figures were released. Struggling to understand why no timeframe for reposting has been given.
I’ve received the same response from Bob. Doesn’t sound positive in my opinion. Clearly it’s down to BDO.
David
My apologies for a delay in responding.
We continue to be as frustrated as all stakeholders are.
We remain committed to filing the accounts as soon as ever possible and pushing BDO to get over the line.
Regards
Bob
FFS BOD just give us something. This is beyond ridiculous. LinkedIn full of job adverts, good news out there. Either put a gun to BDO’s head or tell them to do one and get a proper outfit in to do the audit. We’d accept another delay if we knew we were no longer relying on BDO
Like most long-term holders here the share price drop over the last week confirmed a takeover wouldn’t happen despite the hope that this time things would be different. If we’re all being completely honest we knew this announcement was coming.
We all hope now with GS expiring in September something will change causing the share price to improve.
Can someone explain to me why THG won’t just move to a premium listing now. Is Matt hoping the FCA will make changes allowing him to retain control under a premium listing?