RE: Time to seel?30 Sep 2021 09:11
Nozzla "I imagine a big sell off today following that RNS. No one wants money tied up"
You have a very fertile imagination! Seeing as today is 30th September, the suspension is only anticipated to last tomorrow and Monday 4th. I would therefore doubt a "big sell off today following that RNS" as most people will be in for a term longer than two working days.
Nozzla "and with the distinct possibility that they've no cash flow, the results could be very bad."
Where is your evidence for this statement? Your imagination running riot again?
Nozzla " Also, why was there a need to open a new bank account?"
Many banks have changed their lending and account criteria during the last 18 months to two years. My business sector (Property Management & Lettings) have had many banking issues with some banks (such as TSB & Lloyds) stopping and closing all Client Money Accounts. Banks we had been with for many many years suddenly telling us we had to find new accounts with a new bank. This meant we had to make inquiries with various other institutions. With slow responses to inquiries, allegedly due to furlough, and various dead ends it took us over 3 months to get new Client Accounts organised, opened and operational. So, I for one, can understand the comment regarding the bank account.
All sounds pretty plausible to me.