RE: I can21 Jan 2025 16:25
Loads more noise here again.
Imo Gv is the most importaint issue for the company. Lunn does not seem to be able to get this going.
These in my opinion are the main points/take on Lunns leadership to date.
Mentions a winding up order( theres is not its historic)
Starts an auction
Delays the auction(due to xmas because that doesnt happen every year)
Cancels the auction
State they believe there is debt(no actual detail is provided), weve no idea if its part of the Spa deal with GV.
No comments on Gv deal just its not complete.
Releases AGM resolutions asking that Directors to be allowed to allot shares and also bypass shareholders.
I wonder whats on the cards here. Big dillution to a cornerstone investor maybe??
What price do you think that will be if he cant raise at 9p. Even though he said and this is taken from the rns uodate
"It is abundantly clear from such discussions, that the proposed Placing has been positively received by both current and prospective shareholders, and the Board is pleased with the level of firm commitments received to date"
there was big interest in the update on the auction.
Its for these reason i will back Evans if its possible.
Everything else is noise and confusion.
I appreciate we all have different views but i cant see Lunn moving this foward in a positive manner for normal private investors. Its my hope Evans can return and get the contract with GV going again and bring in the revenue we know is there.
If not i think were screwed.
Good luck all.