Member Info for mafioso

No CEO…..useless.

Question.

Although this officially went into administration, the entire debt was paid off and the entire company was kept intact including the pension fund and therefore for me it’s still trading as a going concern, albeit now owned by a PE firm and now debt free. this means it never actually liquidated in true sense of word

Morrisons Owners have also stated it will keep Morrisons and McColls brands separate for time being and allow existing mgmt to run it.
So , In theory, is it not still possible this could relist? And maybe the new owners cud add a big chunk of shares to the float to make them majority shareholders and sp and mcap gets rebased? This wud give them an option to recover their outlay if and when the sp shud grow.
This wud obviously heavilty dilute shareholders in the short term, but still give SH an option and a fight chance to recover some of their losses.

It is blue sky thinking, but just asking if this is theoretically at least still possible to relist under the circumstances

Cud be one way to claw back the upfront debt payments they made if the business recovers back to profit making and the sp goes back up.

Presumably Morrisons themselves would have been one of largest unsecured creditors.as a supplier, then contractors developinging the new outlets then HMRC perhaps

So what Morrison pay themselves from their own kitty?

If the banks are classed as secured lenders who are classed as unsecured creditors here?

7 June - D day

Wasn’t this supposed to be cancelled an delisted yesterday as per Fri pm RNS?

A new CEO wud def bring renewed confidence to the mkt
A CEO represents leadership, drive and strategic vision
But taking so long to,fill this position cud maybe mean they have depriotised the search looking for a buyout instead.
Or they simply cannot find a suitable candidate or someone who wants the role. This wud be a concern after a 12mth search

They need to provide more transparency here imo what the deal is here

Does it take to hire a new CEO.
It’s been almost a year since former CEO announced her resignation and she gave 6 mths notice and co. have now been without a CEO for coming up to 6 mths.

Where’s the focus and drive coming from right now?
So poor

The time gap between results updates are quite frankly ridiculous for a small cap.
To take a full 5mths before posting final year end results is too slow for what is currently a simple business model
We cant even get a Q1 trading update before then presumably, so sp has plenty of time to,drift between updates
Needs reviewing imo

Most likely wanted a huge pay rise on account of results and more bonus incentives like stock options , etc and CEO declined

RDGC now appearing on their website.
No trade price set as yet.
Expecting an announcement tomoz.
Will be luck if we can trade in for more than 0.25

When will the final eoy results be out .

TP- I think ur last question around new products and future revenues is reason why sp is where it is.

Fundamentally revenues and cash reserves are very sound, and there still shud be some half decent revenues generated for Q1 from covid tests. But no one as yet knows for sure what, when and how many different new products are being launched and what deals are being lined up to estimate future potential

Must admit tho, timing of CFO departure after such a relative short stint and with next phase of revenue strategy coming in does look odd

Gordon, with all due respect.
If you look at O&G sector in small caps, producers and explorers are pretty much all up this week, simply cos of surge in oil which is now are hovering at ATHs and likely to climb further.

Sentiment alone of prices of oil shud have been enough to bring this back to low 20s.

If u r really brave try O&G stocks on NYSE.
That is what u call multi bagging

Something must be wrong now.
You can’t have oil price go up 60% in less than mth and have an oil stock sentiment go down, with out an underlying issue somewhere.

cEO unwilling to do an interview last month when approached when supposedly more news is due is a tell tale sign there are some challenges somewhere that need resolving.

Novum I reckon are probably also aware hence the manipulation and control of sp.
Something needs to give as silence is unhealthy when the primary commodity has so much stength, but not being g reflected in mkt valuation of this company

This is not a company that will do regular news flow for sake of it.
But when news does drop its generally significant and value making

Yep Thx.
Found u now and added

Hey XV.
Can u let me ur username please.
The one with @ prefix.
Thx
Maf

Have the 12.4m warrants @ 7.5p that were exerciseable 3 mths post placing expired now?