Really?2 Jun 2023 10:54
I do not see Pi voting to accept AST shares in exchange for the cash held by AMC. If personal Pi wanted AST shares they can just buy them, probably at a better price than what is now considered. AMC shareholders should reject any vote to accept AST paper.
The best way forward for the company is to reconsider any RTO and immediately proceed with a final dividend and wind up the company. Who really wants to go down the route of being taken over by a similar AIM type company and go into other speculative business's that then fail and lose any remaining value and end up in admin when it all fails?
I recommend reject the bid if there ever is one and put pressure on the the company and do a final dividend and capital return. That could always happen anyway as no RTO materialises. The one from AST is poor, why consider It should be rejected.
As AST wants management approval, this may never even see a vote if they with hold approval. This is never going to fly surely? AST is no more than a litigation business. Do AMC shareholder want to be in the litigation business?