RE: Now NT to buy size. suck14 Apr 2023 12:07
I honestly don’t think they do, otherwise the strat review costs would have come from that and not the proceeds.
If strat review was paid for with cash within company it would have said something like £1m net proceeds, and not £500k.
The £900k was prob held in the subsidiary and allocated or used against subsidiary some basic costs or allocated to be repaid to credit facility.
My thoughts are because that £900k was still in the company BAAJ paid £0 for it effectively, with Adam paying £300k for his 25% to round it up to £1.2m
happy to be proved wrong by the company releasing an RNS, but either way I based my trade on a company with £250k cash, which is less than they should actually currently have.
ITS just a trade.