Member Info for hazzabaijan

I'm with Oogleflugal on this - Shellbay and Jim Mellon look like the winners in this, by stripping >£15m of unrealised "nav" from the company.

"In addition to director fees, Shellbay shall be entitled to an annual fee equal to the value of 15% of any increase between the Company’s net asset value (“NAV”) on a per issued share basis at the start of a reporting period and 30 June each year during the term of the New Shellbay Agreement."

2019 - £0

2020 - £0

2021 - £7,394,360

2022 - £4,562,548

2023 - £3,372,672

2024 - £0

The shares never performed because noone is buying AIM shares, hence all the companies are delisting.

It's a growth company so dividends aren't appropriate.

No take-private is ever going to overvalue a company.

Fortress will do well with it, so you have the option to roll-over your shares too Seatanks, or didn't you read the Offer?