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We already have a member on the BAD with the experience we need, look no further than Jeremy Schwartz-
"a director with a wealth of experience in the beauty sector. Jeremy spent 12 years at L'Oréal, including as managing director in the UK responsible for all consumer, luxury, salon and active cosmetics divisions, and five years as chairman and CEO of The Body Shop, which has some 3,000 stores in 70 countries."
Seems experienced enough to me.
Looking better by far but I must admit, I had a little twitchy bum moment Wednesday when the price started dropping but hopefully now all the impatient waiting to sell are now out and the longer term holders can finally take some reward after a long suspension, I'll ce3rtainly be voting in favour of the current BOD at the GM although I would prefer all parties to come o an amicable agreement, surly its in everyone's interests including Boohoo's.
CWWX, its in the 21/06/23 RNS, although they only suggest that they will propose to postpone the AGM on the day at the scheduled AGM, as yet we have had no official statement from the company to say whether it did or did not go ahead, at the moment we only have someone on the BooHoo board saying he heard it from someone on telegram saying it was called off.
All the main parties would still have attending so lets hope they thrashed out a deal in everyone's favour including us lowly PI's.
Oakehurst, you can lead a horse to water...
'Trading has been excellent during this period, with sales up 60% year on year. Gross margins were 48.2%, which compares with 41.7% in the corresponding period last year. EBITDA at constant currency was £3.5m (Q1 FY23: £7.4m loss) and cash on hand was £15.4m (Q1 FY23: £10.1m). This performance demonstrates the quality of Revolution Beauty's products and consumer offer, and its ability to deliver growing sales into an expanding global retailer base.@
Taken from the REVB RNS 23/06/23, how much money do you think they need and for what purpose, seems like enough cash on hand to me and increasing year on year.
No, the AGM is 'in person'
'Arrangements
The AGM will be held in person at the offices of Macfarlanes LLP at 20 Cursitor St,
London EC4A 1LT. If you plan to attend, we would be grateful if you could inform us by emailing
the Secretary at REVB@oneadvisory.london with the subject line “Revolution Beauty AGM”. Please
include your full name so that we can verify your shareholding.'
Certainly is Silver, days is now weeks, below is the update on the AGM from the 21/06/23 RNS.
'Accordingly, the Company will propose at the originally-scheduled AGM on Tuesday 27 June 2023 to postpone the AGM to a new date, which the Company will announce in due course, but which is expected to be in late July or early August 2023'
Agreed Hosai it was slightly contradictory in parts but when you put out statements "within a couple of days" and "on the cusp" then if these self proclaimed deadlines have not been met as stated then share holders deserve an explanation as to why, either way I think we will get an update tomorrow regarding the AGM (unless it goes ahead?) so hopefully something on suspension being lifted at the same time.
We should get news in the morning if not today regarding the proposed delay to the AGM and also an update of the lifting of suspension, the first RNS stating a matter of days for suspension to be lifted was on the 21/06/23, after tomorrow we are then into weeks.
From the 21/06/23 RNS:
"The current directors are also confident that, in isolation from any adverse effects resulting from boohoo's recent disruptive actions, the suspension of trading in the Company's shares could potentially be lifted in a matter of days."