RE: Nice rise28 Apr 2025 08:18
A board and financing re-jig at the beginning of the month effectively gave Electric Guitar (ELEG) a reboot from which the shares are starting to rise sharply. It would appear that the world is its oyster off the back of ELEG saying it “can now pursue its strategy as an AIM Rule 15 cash shell to invest in and/or acquire companies which show significant potential for growth, cash-generation, and a profitable exit in the medium term. Leveraging their knowledge and contacts, the new Board will actively seek to identify suitable investment and/or acquisition opportunities, with a view to completing a reverse takeover pursuant to the AIM Rules for Companies. At this stage, the new Board would not seek to exclude any particular sector or jurisdiction.”