RE: Asset sale25 Jun 2019 13:42
There appears to be quite a lot of negativity on this bb today with a peppering of positivity.
Come on folks! Let's place our faith in JP to deliver on his promise. I personally believe he will present to us a deal which we will be pleased with. At the very least, please allow him the opportunity, the time and the space to do what he needs to do and as I have said on more than one occasion, some of you may actually be #pleasantlysurprised.
I can appreciate it must be incredibly frustrating for those of you that have averages above 50p, but perhaps use this opportunity to reduce your averages while you can. You must by now know what it's like here when a sniff of good news lands. There is a race.....no....a.scrap for shares and I am willing to bet that some of you will be more than happy to pay for shares way above today's price on the sniff of good news. Remember....buy when others are fearful.
There have been plenty of very subtle clues in my opinion that if you're clever enough, you can go back through the recent communications and pick-out. One of them being that they are taking a salary reduction as of the 1st August. Now the first thing that came to mind when I heard this, was that there may be a chance that the deadline date for when offers need to be submitted by could be July 31st. In turn, that could mean that we receive an offer by way of RNS some time in early August asking each of us to vote on it.
I don't think we have that long to wait because if we did, the would have raised more money at 10p when they had the chance to the other day. The amount raised was a fairly low amount IMO and it points to there not being too long to find out what our fate is. They have done their sums at HQ and they will be all to aware of cash burn. For all we know, the deadline date for offers could be June 30th i.e. end of this week.
Remember that the "pause" button has been pressed. Companies that want to bid for what we have will need to get a move on in all fairness. You can only but imagine what OGIF are saying. Believe me, they will be eddying along the process at a fairly thorough but brisk rate and there won't be much dilly-dallying.
Patience and faith is what is required now. Please don't ruin it for yourselves and throw in the towel at this eleventh hour. We are ever so close to finding out what our future holds. Be brave. Be bold. Don't let the reptiles and the fat cats take your hard earned shares away from you.
Jez