Intention!26 May 2026 12:44
Shareholders are being asked to ratify an alleged mistake.
Question is, who benefitted, why was there a mistake. Is it possible to simply pass a resolution to rectify the 'mistake'
I think not.
The facts remain that shareholders lost Ingenuity, now valued at 150p per share, with no compensation.
The prospectus for this transaction, if I am correct, was little more than a pack of lies.
Now, somebody has been caught with their hand in the till as it were, and in an attempt to make things right, want shareholders to latterly ratify the fraudulent agreement
The legal principle is Restitution, to put people, in this case shareholders, in the place they were before this "mistake " ever happened.
If it is the case that the agreement cannot be unwound, then the issue is damaged, to compensate the shareholders for their loss.
I suggest MM makes matters right, financially.
All other parties to this fraud should be sacked for gross misconduct.