Cando66:
The Interim Payment was to be received by 10 November 2023, but MED has been notified that due to administrative and international banking transfer delays, Proventure is still in the process to deliver the Interim Payment.
What international banking transfer delays are they referring to?
Delays upon delays has become the norm with Mast
How would they know such information that the cheque is in the post unless they saw it being written and posted it out themselves?
Furthermore do you actually believe they will be paid by cheque? Lol
The £2 million is to be paid by latest tomorrow, it’s not speculation it’s a fact as confirmed via RNS!
When that payment lands with confirmation of receipt first thing tomorrow morning, the share price would most likely be 2p plus and maybe more…
I’d rather be in than out at this moment…
Gla :-))
Just logged back in, a number of sells went through on the bell…
Let’s all be a little patient, the news released previously clearly stated ‘LATEST’ by the 10th November 2023 for the initial payment to be received.
Why the panic selling…the ones that sold will eventually buy back in albeit at a higher price paying additional charges etc
Gla :-)))
Proventure is required to make an initial interim payment of £2,000,000 (the "Interim Payment") to the Joint Venture SPV (the "JV"). The Interim Payment must be received by latest 10 November 2023, and the consortium's proof of funds has already been provided by Proventure.
Looks like the payment is arriving tomorrow.
Final day of relentless buying will move this higher