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Of course EUA weren’t simply going to issue a replacement certificate.
There are appropriate procedures in place to issue a replacement.
It appeared to be the case that Queeld didn’t want to follow those procedures and requirements, hence it went this far.
Ultimately real winners are lawyers, but what alternative was there if a party chooses the ignore agreed procedure.
This issue wasn’t go to stop any transaction, that has been stated in RNS, common sense really.
If a sale was to happen next week, I’d imagine the proceeds in respect of these shares will be held in an escrow until Mar 24 and at which point will be distributed to Queeld provided no other party comes forward.
No more complicated than that.
Makeabundle - Why do think CS exercising some options is linked to potentially enticing a higher bid price.
Genuine question.
Your comment did make me think that perhaps there is a bid on the table, but BOD are trying to obtain a higher price.
The fact CS stated at the AGM that he was confident/optimistic (can’t remember exact wording) that a deal will be completed prior to year end, but he was unable to go into details.
Is there an offer on the table that the BOD have said will be accepted prior to year end if no improved offer is received.
Just a thought.
Sirplacealot - Rampers/holders that are positive whatever you want to call them, haven’t really disappeared, I believe it’s more the case that such holders don’t feel the need to be constantly posting on here all day long, digging out and name calling other posters.
Such comments really serve no purpose, and personally I can’t understand the mentality of posters.
Until I hear differently and I mean OFFICIALLY then I continue to hold and trust the BOD to get a deal over the line.
I really have no idea what the potential price maybe 15p-30p
I do know that any buyer will be getting a very good deal in comparison to pre war, when the price would had been significantly more.
Tygra - Maybe others didn’t exercise their options, because this isn’t a slam dunk.
These are very uncertain times, with ever changing requirements and hurdles to deal with.
Maybe the option holders are willing uncertain in regards putting in additional funds.
The options can be taken up whilst in a closed period, but then can’t be sold until out of the close period.
Maybe the company were advised that extending again would not be correct and as such pay up or let them expire.
But surely we can all agree, that if there has been a material change in regards the potential sale of assets, the BOD and advisors have an obligation to inform the market.
They won’t sit on this information, the reputational damage done to advisor would be far to great.
Del - None of us no the answer to that question, we can only speculate.
When posters say CS kicking the can down the road with his purchase, that makes no sense.
Why use £25k for that reason, the share price could be at 0.00001 he and the BOD still get to draw salaries.
I assume Richard Dugdale believes that CS was allowed to exercise options purely on the basis that a sale is no longer proceeding, as such in no longer privy to insider information.
If my assumption is correct, then I can’t say I agree with him.
Firstly if at any point a potential transaction is no longer proceeding, the market needs to be informed, no ifs or maybe’s, market has to be informed.
Secondly the exerciseing of the options whilst ongoing sale talks were taking place was debated in some detail.
My recollection was that options can be exercised whilst talks are ongoing.
Options expire on 2 Nov, so any extension will provide a timeline on deal completion.
Also it could be the case that options are exercised before they expire and a detailed transition under date given this week.
I would assume the BOD expected a deal completed by now.
That said, a timeline guide of year end was given.
I believe potentially an interesting week lays ahead.
Vile post?
You really find his post that vile and you actually take that greater offence at it?
Some people are so precious and feel the need to be constantly offended and also feel the need to let everyone know how offended they are.