RE: SuperDry17 Feb 2024 15:22
If he holds over 30% it's up to him whether he bids or not, he's not forced to do anything. The company is not going into administration and there is no plans to file insolvency. Why people are trying to paint this picture is anyone's guess. The company is in the process of restructuring the company and cutting costs. The CEO is currently listening to offers from potential buyers, and he's also looking into the possibility of going private. Although the company has high debt, they are managing that debt comfortably, talks of insolvency is false, no such plans of that nature at this moment in time.