RE: Sweden31 Dec 2023 12:04
We know that we are awaiting this Appeal result, but really, Ed has done very little, except visit the other two projects (as he has with Kal) to promote those projects and drive value there. It doesn’t look as if he will be doing so, or is bothered perhaps to do so, before the next fundraise. He hasn’t referred to existing shareholders, he’s taken over the reins from Kurt and kept his distance from us. On purpose.
It is obvious that the sp needs to be higher, unless a financial arrangement can be arranged without either mass dilution or penalty to BEM, and on favourable terms for us, considering our assets. On the last fundraise, with a 40% discount given to the then prevailing sp, existing holders were really shafted, unless we had spare funds.
But the sp has only gone down further since Budgie left, by a margin of roughly 30% within the six month period since.
The mystery six month review sprung on us took the biscuit, so I’m very wary of Ed, and with him not engaging via RNS after he immediately took over, I’m not keen. I can’t warm to him.
My opinion only.