RE: Understanding the RNS5 Aug 2022 14:23
Only 1.8 is a firm price and that is only based on us accepting the deal.
There may be a second payment I believe if the company is wound up as it could not find a reverse take-over. We have no idea what that amount could be. I would take a guess it could be about 0.2 pence. Not above and maybe less.
If we find a reverse take-over we could issue shares for cash, and you still have a company that could survive and grow and be worth more than 0.20 pence. Depends on what deal they do. Remember the company will issues shares and lots of then so the share price will crash after you get your 1.8 pence. Do not expect much. Perhaps a new bidder could come in when they see the low take-out price.