Financial Conduct Authority, the Company confirms that, following the issue of Shares, its issued ordinary share capital will comprise 7,154,032,374 ordinary shares
Great points, CEO PYC could easily get the renumeration comitte to grant themselves £150-200k as most AIM CEOs do but Jim and Pete have kept a very modest salary while also
1 growing client
2 growing therapeutic areas
3 reducing losses
4 increasing rate of contracts
5 increasing average contract size over last 18mths
Could hugely Trump the derisory insider current offer
Hence why MMs have been bidding for huge amounts last week or more
Accordingly, Lumon was surprised and concerned that the Lumon Possible Offer was unequivocally rejected.
Lumon believes that the terms of the Lumon Possible Offer are highly compelling and offered certainty to Argentex and all of its internal and external stakeholders. Lumon notes that the liquidity position of Argentex has continued to deteriorate further and reiterates that preparations are materially complete for the provision of liquidity support that is urgently required by Argentex to secure its future.
Lumon remains prepared to make an announcement of a firm offer under Rule 2.7 of the Code subject to inter alia (unless otherwise waived by Lumon) the recommendation of the board of directors of Argentex (the "Argentex Board") and sufficient binding support having been received from Argentex shareholders. Lumon urges the Argentex Board to resume work with Lumon without delay to fulfil these preconditions and to enable the Lumon Possible Offer to be implemented.