RE: News alert - ARB13 Dec 2022 00:54
Such audacity.
So if I read this right, it seems PW hope is to agree the asset strip outside of Chptr 11 and if they pull that off, the hope to relist the runt of the company on LSE, no doubt a but of jiggerery pokey and say a 100 to one share consolidation will be involved.
Never have read such crass statement.
I loved this bit
Statements which include the words "remains confident", "expects", "intends", "plans", "believes", "projects", "anticipates", "will", "targets", "aims", "may", "would", "could", "continue", "estimate", "future", "opportunity", "potential" or, in each case, their negatives, and similar statements of a future or forward-looking nature identify forward-looking statements. All forward-looking statements address matters that involve risks and uncertainties because they relate to events that may or may not occur in the future, including the following risks among others: the contemplated transaction may not completed on anticipated terms or at all; the Company's insufficient cash may require it to file for bankruptcy in the future; and, in the event that the Company is required to file for bankruptcy, the Company may be unable to emerge from bankruptcy as a going concern,; and, the Company's inability to secure sufficient additional financing to meet its operating needs.