And let's face it, given that Bob suddenly managed to find his voice when their became a threat to his job the rant was most likely provoked by the thought of losing his inflated salary and share bonus rather than having our investments at heart. I'm still unsure how this will play out but at moment thinking they just want the board changed for persons they feel can do better. Matt Moulding of THG also has a large investment here I'm sure he'd like to see grow too so perhaps in cohorts.
"Why are Boohoo claiming this will be in the best interest of shareholders and they want to see growth ?"
Perhaps they have no intention of making a hostile takeover and are purely interested in seeing value added to their substantial holding. Having been invested here since the early days of suspension perhaps they are sick as a chip at the 10 month and counting suspension with zero communications from the current BOD and they have a holding big enough to make their feelings known unlike us lot purely sending emails to IR out of frustration.
RE: Timing of suspension being lifted21 Jun 2023 09:26
Jeez, Bob certainly found his voice now that his head and bonus is on the line. Although I have no idea why BOO wanting REVB would either slow the delivery of results or delay resubmission further, sounds like he has another excuse.
How can BOO drop any legal action against the founders when they weren't even involved in RevB at the time of allocations? And who exactly would be willing to accept a low ball offer in order for BOO to gain control when RevB by all accounts appears to be expanding rapidly and doing remarkably well with the intervention of the BOO board that quite obviously are struggling to maintain their own company with any degree of success?
Happyinvestor, think you've got hold completely the wrong end of the stick. RevB is making money and growing fast unlike BOO, they are quite ruthlessly doing everything in their power to ensure they benefit as much as possible from RevB's future potential. I feel they see it as a new direction to save their currently sinking ship. The games have begun.
Silverlight, I did wonder why you were pushing your very basic and flawed math of the unfolding situation and ignoring the bigger picture, you were starting to sound like Oaky(the calculator kid) with his obsessive ever changing flawed math over on THG a short while ago. Don't get him started here ;)
Well right there is an interesting twist but to be fair it's not like a move from BOO to takeover REVB hasn't been suggested here before. Look like they want their own choice of leadership in their first ready for their next strategic move. Also very interested to read the RNS that Bob is currently finalising.
Get a grip, heard it all before, the shorts managed to exit very orderly from a 10% position, sure they'll have no problem with 3% so I wouldn't be wetting the bed with excitement over that.
Looking at the performance trend an SP could it be that BOO and ASOS having been the original e-commerce retailers of fashion have simply lost favour with the advent that now every retailer and their dog has an online presence? Perhaps their days are simply numbered as they drift away into obscurity. It's not what I want to believe, just the way it looks.