I will put my thoughts about this share being orchestrated and manipulated to one side for a moment.
Strong companies are feeling the heat right now and nobody thought 2020 would have this in store for us. In NUOG’s case it was close to the end before C4 came and took over.
First thoughts maybe that COVID will be the final nail in the coffin for the company. However it will now be able to make its money go further and a buy a company in distress. Very high risk but a possibility.
However, the ability to raise money at this current time is a determining step. People have a reduced appetite for risk in uncertain times. Job security is low and people want to retain funds for essentials and just in case. I am unsure how much more they can raise but this will come to a head soon.
We are likely to be in lockdown when the deadline expires. So, will this share survive or go under?
I’m unsure, but then do we really care anymore? Our health and that of our loved ones is the only important thing now.
Stay safe and don’t waste time winding people up on here!
I’m not a tax expert but if worse comes to worse could the new directors offset the tax losses in Nuog against wider C4 tax liabilities? Especially if Nuog cannot secure a reverse takeover, just playing devil’s advocate.