Here's whatI know24 May 2020 14:58
On 11 Feb there was an RNS stating we were suspended to clarify the relationship with CITIC, was that a lie? Of course not otherwise they would have lied to AIM and all investors and someone would have to fall on their sword.
Later in the day there was another RNS stating it was because of social media speculation, was that a lie?, no it wasn’t for the same reasons above.
On 12 Feb we got another RNS stating that Sandersons and Optiva had exercised their options to trade in their warrants for ordinary share. Was this a lie or illegal, no of course it wasn’t for the same reasons above.
On the 9 April we got another RNS;
Stating which part of CITIC it was in discussions with
Stating that the company’s discussions on its projects with potential buyers
Cash and liquidity - how much the company has in the bank, for strategic discussions
Are those a lie, no of course they are not for the same reasons above.
On the 30 April we got another RNS from the company stating that WHI had resigned as NOMAD with immediate effect. The company was in advanced discussions with a new NOMAD. Was that a lie, no it wasn’t for the same reasons above.
So what I would like to know is where is the fraud etc that keeps being bandied about. If you dig deep enough you can find any company has been economical with the truth to ensure it gains an advantage over any given situation. However, fraud, bent directors etc etc I doubt very much indeed.
So here’s what I know, the RNSs are fact and do not contain false statements or lies. If they did AIM would have taken action against EUA. We all like to think that our opinions and views on what is going on are correct, but in reality it is the bod, their legal representatives and those that they are in discussions with that are the ones that are in the know. Any other communication that has come out i.e. email, pictures of trucks count for nothing as they are not a formal RNS.
Do I believe that all of this will come to very good conclusion - YES I do. Anyone who has come onto this bb stating they know what’s going on is talking bs, unless of course they happen to be one of the bod etc.
ATB, Pete