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.
Silverlight, I think its down to the BOD not AIM, I think its part of a bigger plan to do with founding Directors / Boohoo. Im guessing they are wanting to take it private on the cheap. We will get to know within the next 8 days!
Redhammy, I think its naive to assume that the BOD are not doing it for themselves / the money. After all thats what everyone is in it for.
There is no official information from IR or the BOD stating why we are not yet back trading. I suspect that there isnt an honest answer that they can put in an RNS.
Eventually REVB will come out of suspension / taken private, but I wouldnt be surprised if its not the villains that benefit from the extended wait.
Despite what has been said by BH and IR, I still think we are being played by the BOD to take full advantage of their proposed Share Options. I doubt we will come out of suspension before the AGM.
From the 2nd June RNS
'Following the publication of these results and the changes the Board have implemented to the Groups governance procedures, the Board are continuing to work with the Company's nominated adviser, Zeus Capital, to enable restoration of trading in the Company's shares in the near term. The remaining work to be completed includes a review of working capital and finalisation of internal policy documentation'
Sounds to me that its REVB that s holding up the restoration of trading and not the AIM!!
Alans55, I believe in what Tintra are trying to achieve, but we are now suffering as a result of the actions of RS. Off the back of that, he is making it much harder for the company to bring on board new money at a premium price. Would you buy in at £11 a share, with a current share price of sub £1, and an ongoing court case?
Its hard not to be negative when your average from a year ago is 1.98 and its now 75p as a result of the incompetence of the the CEO! The man who sets deadlines that he cant ever meet.
Silverlight, pi's are looking for answers, in light of no information from the BOD you cant blame them for coming up with 'wild' theories. Regarding taking it private, they could if a resolution was passed, and they could probably force it through if the former directors and Boohoo got their heads together....
I know its unlikely, but in my opinion there is something going on in the background, Im not saying ts a bad thing, but there does not appear to be any urgency to get this share trading again.
Bunsenburner, Im with you on this one, I have been holding since March 2022, previously I said I would buy more at £1. I havnt yet.
I think we will see 50p before we see £2, but thats just my opinion and what do I know!!
I
DAN 55, how have you worked that out? It wasnt £2 before the RNS regarding the court issue, it was 90 pence!