The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
Its quite obvious what Boohoo are intending to do. The problem s that they are the largest shareholder. If the founding shareholders are not able to vote or decide to abstain, it will be hard to stop Boohoo taking charge. That being the case I think they will do exactly as Bob Holt stated, put it into admin and have a prepackaged deal in place to take 100% of the company. There needs to be some clarification from the REV BOD as to what their plan is, failing which I think we will see some PI's cashing in because of the risk.
Im with you on this Silverlight, who said that either of the two founders are not permitted to vote? Its been an assumption on this board since the AGM, and maybe it is the case, however I dont see why. Surely if they have shares they are entitled to vote, just like the rest of us.
The uncertainty regarding Boohoo is holding the rise back. Ironically, the biggest shareholder ( Boohoo) stands to gain the most from a rise in the share price. Their own actions (or lack of) is stopping this from running, although I suspect that is probably part of their plan. Despite what Boohoo have previously stated, its quite obvious that they want to try and grab REVB on the cheap, not being content with getting more than 25% of the company for buttons already!
HeresHopin, fantastic, well done! The next month will be interesting, I dont mind admitting that I had lost faith in Bob and Co because of the prolonged suspension, however what they did yesterday was 'top draw' and I am sure the Boohoo BOD must be thinking 'what the hell happened yesterday?'
HeresHopin, what a few days that was. There was some money lost and made that week. I held but in hindsight should have probably sold when in the 30's. But here we are and despite the current position with Boohoo, Im expecting a steady in the coming weeks.
Neil777, I fell lucky that day, my average is 9.2 and as of now im 216% up. That said I should probably have sold out when we reached the 34 p mark before suspension, but at the time I thought Boohoo would make a bid around the 60 pence mark so didnt sell.
The following paragraph says it all!
As a result of the above, in order to ensure that the Revolution Beauty board was suitable for a company listed on AIM and to ensure that the suspension of trading in the Company's shares can be lifted promptly (which is undeniably in the interests of the Company and all of its shareholders, including boohoo), following the conclusion of the AGM, Mr Schwartz appointed Rachel Maguire and Matthew Eatough as directors of the Company, in accordance with the Articles, and those three independent directors then re-appointed Bob Holt, Derek Zissman and Elizabeth Lake to the board.
Boo got spanked today...... I bet they didnt see that one coming! The last thing they wanted was for it to come out of suspension and to find its own value. Well done to Jeremy, the REVB team must have been thinking on their feet today!