RE: Cash shell.22 Nov 2023 13:54
Hi Toby, Nice to hear from you and sorry to hear of your situation re SFE.
Like you I am/was also invested in here. From my experience and I am no expert in this area however Its often the case that directors will be appointed I think by those handling the wind down. Are they remunerated, in some cases yes others no, depending on what the strategy may be.
What is the likely outcome from here, who knows... I had thought we may have resumed trading as a shell only with a view that we could trade until the appointed directors propose a date and conduct a vote on a liquidation/cancellation or the 6 month point listed within the RNS where if an RTO or alternative option s found where the shares would then be cancelled.
I am little confused by the silence here, as imo the next steps on how the shell will be maintained should really have been released by now. I did reach out to the administrators on this matter and they said they are not involved in the plc side of things. I never followed up.
I still have some hope here but it really rests on someone approaching with a proposed RTO. I do not hold my breath however.