RE: What an absolutely nightmare29 Mar 2022 18:11
I doubt a placing would be at 5p, when the sp has been in double figures for a couple of months. Gaining a concession then raising at super-low prices would be both irresponsible towards existing shareholders and idiotic. I am, however, very disappointed with today's RNS. The fact that the collapse of the sp has not been addressed, or mentioned even, and also that Kurt's wording of him being busy so not having the time really to appreciate the significance of the concession decision. Badly worded, as he should and does already know and surely appreciate how significant it is for us already, before the decision comes. The announcement by K-P was handled badly and it took Kurt by surprise because it came at lunchtime here, with our market open, while Kurt was away in Finland. Kurt having also written to K-P only about a week prior, and he can't have had a reply with a decision date, otherwise Kurt would have been better prepared to have received the decision announcement. The whole thing has been a fiasco, and my feeling is that K-P has been disrespectful, perhaps underhand, Kurt left out in the cold again, and he's now forced to bounce off the ropes and put out news, without having had much time at all to prepare, only because of the way K-P handled this by making an unexpected announcement within trading hours and with Kurt unvailable. Today's RNS was still not ideal, but it's that time element again, because the Swedish Government has not been efficient in liaising with BEM. Now look at the result of how the decision was handled, Kurt trying his best on the fly. Sp carnage. Total bollards. I want a better RNS though next. Something more detailed re the sp drop. Bit of a rant, but I've had enough of seeing the sp plummet without an explanation, even an RNS to say that they know of no reason for the fall. Accumulation? Grrr!