RE: ABB Deal19 Apr 2023 12:00
Cheeky
On the basis that the share price is in the doldrums, every product that they have announced with great fanfare has failed to sell, the latest RNS trumpets the fact that they have entered into a short term lease (on what terms we don't know, same as all other "leases" with apparently no tie in thereafter, the company gave away 10,000,000 shares for no apparent justifiable reason, the publication of the accounts is going to be right up to the wire, they are seeking the advice of the auditors, there is ambiguity over the phraseology in the ABB deployment RNS, I'm not totally sure that anyone who is still 100% keeping the faith cannot be regarded as anything other than at least a little deluded.
OK, I may be wrong, and maybe the planets will align and there will ultimately be a saleable product (in which case, happy days, we all make money), but at this particular point in time, I think taking the stance that the ubers are right, and the realists are wrong, is possibly erring on the side of rose tinted specs just a tad too much....