RE: What comes around goes around10 Dec 2020 17:51
This is desperate news for AMC unless AH can be retained.
Forget his wife selling Β£6.50p of shares - totally irrelevant.
AH was efficiently and successfully progressing AMC to the next level. Undoubtedly he brought NRR onboard singlehandedly. We all agreed that was a good deal for AMC. As a 12 year shareholder this is by far the most disastrous of decisions taken. And this one has been made by shareholders destroying their own value!!! Perverse. There is no reason why the share price won't drift back down to 1p from current level.
At best this will significantly delay matters, and at what cost to the AMC purse strings (Let's say the lawyers /auditors charge conservatively Β£250 hour x 100 hours to fix this mess) = Β£25,000 chucked away because of the petulance of shareholders.
I strongly suspect that the turnout vote was low and those that bothered to vote (I didnt, more fool me), voted with their feet and against AH's reappointment. Extremely disappointed with my fellow shareholders. PS I am not related to AH so no conflict of interest. I would be interested in Sasa's take on this most unexpected turn of events.