Every case is different though, it just comes down to who is doing the negotiating on behalf of the company and by extension on behalf of the shareholders which in this particular company the directors hold 10% of the shares at this point so it wouldn’t make sense for them to negotiate a deal that will mean their holdings are worth less than before the suspension so predicated on that premise I hope that there will be gains for all of us upon the resumption of trading!
Evening Apple, I don’t think it’s inconceivable that this could return 3-5 bags in time, I don’t feel that is “spouting nonsense” but you are of course entitled to your opinion. All the best to you also.
Could look a very smart buy come the end of this year, could be worth 10 grand or more, you don’t get those sort of returns at Bradford and bingly that’s for sure! SPAC,s are the highest risk therefore it makes sense that they should return the greatest rewards!
My understanding from the RNS is that the cut off date is 29th October for it to be completed or not so at least shareholders will know either way before that date, GCG shareholders have been waiting 9 months and counting for their RTO to complete so this is a comparatively short wait!
Indeed, multiple pence sp before the end of this year would be nice, the sp was over 5p on January 17th this year so would be good to get back to those levels asap!