RE: if I can make 10% of the £450k Suzie made I will be ecstatic10 Dec 2020 15:12
@Pumpkin:
1, No I dont believe Mint will wait 36months for payback, as has always been comunicated the plan/intent was a takeover in 2021, this has come though people who used to be on very good terms with the BoD, maybe this has been pushed back I dont know but I believe Mint will be hoping for a take over within 12 -18 months realising a MASSIVE profit for them, a windfall most of us could never imagine.
2, When I say "to allow the deal to be signed" by that I mean, I am on the fence if the meeting will go ahead. The negotiations with Mint for sure started months ago when Eli Labs were closed, now the meeting gets pushed back to after the end of the development agreement? I dont know what liability there is, if there will be a penalty payment or not, but for me its 50:50 that the loan ever gets drawn down, and if it does how much.
3, After Eli deal gets signed if the SP is 30p+ the number of CLNs is tiny in comparison to the shares in issue and who cares if they did decide to convert after that?