Member Info for MrGonzo

Kando, just looking back it seems you came on here only 30 minutes after Icecool posted and If I remember correctly, didn’t you say at some point there was no point in debating him?

and for the record there’s plenty you’ve posted that I agree with but it’s also clear you’ve been relentless at times with your opinion and view

And here is an example of some of your words just now

'If the audit - for arguments sake' because we don't know - takes another 8 months, and the company has - again for arguments sake'

For arguments sake sums it up perfectly doesn't it and you’ve made a few comments about people, lets call it on their 'state of mind' so maybe it’s worth reflecting on that and take some of your own advice for once.

Kando am I reading your post correctly, you think Icecool is also GRaff 🤔 and yet you quote 'It'll help with your struggles' to him 😆

UK is fast becoming a real world dump full of mercenaries

GRaff I acknowledge my point was pointless like all my input on here but your reply is my actual point, you might be right you might be wrong, I guess none of us here will truly know what has and what is going on behind the scenes but the fact is and somewhat built in to my point, things can change and do change and even very quickly in all walks of life whether it be for better or worse.

To many assumptions are being made and it will only be clear when it's made clear how Wood is going forward and whether that's before the 30th on the 30th or sometime after, in the meantime it's all repeats.

Does war between Israel and Iran change anything here or is it now completely irrelevant because let's be honest there will never be world peace as humanity is too toxic for that.

1️⃣ Legally, the board swap takes immediate effect

Once a board is voted out (assuming a valid shareholder vote or similar corporate mechanism), the new board is empowered immediately to take control.

They now have full authority over:

Ongoing takeover negotiations.

Debt restructuring or refinancing talks.

All strategic decisions.

2️⃣ Impact on takeover talks

Negotiations could change course immediately:

The new board may stop, renegotiate, or accelerate the deal.

If the outgoing board favoured the takeover and the incoming board opposes it (or vice versa), the negotiations could be canceled or redirected.

Deal counterparties may react:

Buyers may withdraw or push for new terms.

Uncertainty may lead to changes in valuation, deal structure, or even collapse.

Due diligence may be revisited under the new leadership.

3️⃣ Impact on debt negotiations

Debt holders and banks may grow nervous:

New board may have different risk tolerance or strategic vision.

Creditors may pause or demand revised terms until they fully assess the new board’s plans.

In some cases, credit ratings may be reviewed or temporarily downgraded.

If the company is highly leveraged, this could trigger loan covenant reviews or even technical defaults if covenants require lender consent for management changes.

4️⃣ Short-term risks

Market uncertainty: Stock price volatility is likely.

Legal risks: If any contractual obligations were made by the prior board, the new board may face legal exposure for terminating or altering deals.

Operational confusion: Management may be caught between conflicting directives from old vs. new boards.5️⃣ Fiduciary duties shift

The new board inherits fiduciary responsibility immediately.

They must act in shareholders' best interests based on current facts — which may or may not include honoring prior negotiations.

In short:

The new board has full authority to take the company in a different direction — but they inherit legal, financial, and reputational risks from whatever the prior board was negotiating. Deals can fall apart, lenders may hesitate, and takeover dynamics can shift dramatically.

Waivers could still be extended, still so many unknowns.

When trust is lost you are simply left in no man's land, it's basically in every walk of life.

To say the very least so not to go off on one, humanity is frustrating just like holding this stock.

Kando, We all know here what Wood is up against, we are all waiting to see what comes of this absolute mess and people turn to have a little positivity on a RNS that paints that, my point is, you repeat yourself over and over on the gloom that we all know of. Give it a rest after a positive RNS that some here might just take a little comfort in positivity in this waiting game.

I'm now completely disregarding that sky news article until we get facts, why bother releasing than RNS to shareholders when all the other contracts signed were not out on an RNS, did they have to?

Rock, AI helps when one is clueless as in my case 😁

What Happens When a Company Is Sold During Trading Suspension?

Trading Suspension

When a company's stock is suspended (usually by the stock exchange), no buying or selling can take place. The reasons may include regulatory issues, insolvency, pending announcements, or M&A activity.

If the Company Is Acquired

The acquiring company typically offers a set price per share (cash or stock).

Shareholders receive this compensation without needing to trade.

Short sellers will still have to deliver those shares eventually, regardless of the suspension.

🔹 What Happens to Short Sellers?

If a short seller has borrowed and sold shares, and the shares are later acquired and delisted:

They will still have to buy back and return the borrowed shares.

If trading is permanently halted and the company is acquired for cash, brokers may automatically close out short positions at the acquisition price.

The short seller then realizes either a gain or loss depending on the original sale price versus the acquisition price.

🔹 Key Points

There is no requirement for trading to resume just to allow short sellers to close out.

Rock, CF was pointing out it can't come back to trade unless it releases it's numbers regardless of conditions unless the rules on the LSE listing are waived and I don't know if that's possible either

Complete before AGM? Well no need for extension on Thursday then. Can't see it.

Well some here did say the shares might not come back to trade.

My rubbish contribution as always to a lot of the rubbish as always.....

I guess another extension notification via the now famous Wood RNS, mid-morning Thursday.

A share consolidation will make this more attractive, I believe management are well thought of on what is known and could be a big business in years to come, I have a holding I will build on if they continue to grow so I certainly hope so

Well said Monty.

You ask Dogger, What kind of a man are you?

For sure we can say one thing on that, he's a man that isn't taking responsibility for his own actions and words and out targeting those who have played no part in his downfall. You can understand a man returning to break the nose of a man in revenge for having his nose broken but Dogger is not that man

Look up the AGM/shareholder meetings, Wood should be there and see if it's there, that's the case on HL