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Great info RKBeekeeper. It is crazy how much both Trevor and Antonio are taking from the company. Why would any shareholder want to vote for them when they are just sucking as much money as they can from the company while also trying to ruin it? I can't imagine they have long left.
From what I have read the board must call the EGM within 21 days of receiving the written request so should not be too much longer before we get Callum back.
I cannot see anyone voting against the resolutions. Anyone with skin in the game will be voting for the reinstatement of Callum - we all know how crucial he is to the company's success.
Is clear Taylor & Russo need to be removed for the share price to stop falling. Once they are removed and Callum is reinstated I am sure we will see a bounce.
Just seen on ADVFN that shareholders have set up an action group: www.chillbrandswatch.com
Lyonsden, I hope this occurs. Investors are all hoping that things will be corrected so that Callum is reinstated ASAP and trust in the stock is reinstalled
Clear timelines are often hard to give during ongoing investigations, however the more information they provide to shareholders the better. Callum needs to be reinstated to stabilise the companies SP and restore shareholder confidence. Investors are going to have a hard time trusting the company with Antonio and Trevor around so action need to be taken to get them dismissed and replaced, preferably the sooner the better.
Agree Bellers, Swanns' interests are very much aligned with ours which is why I am confident shareholders will be happy with the outcome. Callum will be back, it's just a matter of time.
Agree with you buysellfred but sometimes you need to take immediate action and get rid of hostile, incompetent individuals before the virus spreads. While they stay the SP is only going to be going in one direction. I do agree that they need to be replaced by the correct people, but unfortunately we do not have the luxury of time.
We need to rally at the upcoming AGM to ensure our voices are heard. As mentioned the £6 million loss from the poorly judged finance loan highlights the incompetence of Russo and Taylor prior to Callum Summerton's impactful leadership. Their mismanagement not only threatens our investment but also the future of Chilled Brands. Callum’s vision was bringing positive change, evident in the rising share price. His unwarranted suspension by Scott Thompson, influenced by Russo and Taylor, just shows the urgent need for change. Let’s push for transparency and better governance at the AGM, aiming to align leadership with our interests and the company’s potential.
Yep Conrad, this is exactly what I think is going on
Clearly a significant governance crisis here seen by Callum Summerton's suspension. This move completely undermines recent positive developments led by Callum, aimed at rectifying past mismanagement. In my view, Russo and Taylor appear to be making a power play rather than a genuine concern for corporate governance. Additionally, the company's stability and growth are now at risk, making it crucial to address these governance issues for a sustainable future.
could definitely see this happening -BATM have a lot of profit making avenues that they can explore over the next few months. Will be interesting to see which way they go - i am defo watching this one closely over next couple weeks
Hi TradeWizard, definitely agree with your post. BATM's business model has definitely made it an attractive buy for investors. A clear focus on long-term growth is definitely a priority for me when looking to invest.
The imagine of BATM shorters getting liquidated really does bring a smile to my face - I'm sure we will see it sooner rather than later as well given BATM's recent deals. In the mean time, i have no issue with BATM being undervalued, gives me the opportunity to buy some at a discount. When a company continues to grow and the share price remains the same, long-term investors thrive.
Correct BuilderPete, the macro economic landscape is the only thing that is holding BATM back. However this is also the best time to get involved. Most people will be jumping on the band wagon too late when we are already at 70p.
The fact that BATM has such a diverse stream of income is another thing I would like to add. It's crazy how the fundamentals of the company have drastically improved yet the share price hasn't. I suppose the macro events are the priority. Nevertheless BATM is setting itself up nicely for a major bull run in 2023.
Awesome news this morning for BATM. ADOR (the group’s associate company) has struck a deal with BIOASTER to extend the number of medical conditions their testing units cover. This is another positive deal for BATM as their potential market has vastly increased. Lovely to see BATM continue to build under Moti’s leadership!
I'm confident we will - as mentioned before I think this is the start of many deals to come. Those that build in the bearish winter are often rewarded with exception performance in the next bull run. BATM is definitely building!
All I have to say to this is past performance is no guarantee of future results. I see a growing company who in the midst of a bear market continues to make profitable deals that improves the valuation of the company. You cannot argue that a multi-year deal with guaranteed yearly income is not attractive. Many companies don't have this level of certainty and their profits are dependant on macro economic conditions