Member Info for Okehurst1

Hi Crowman

RevB relisting is good for BOO and Bob did a good job saving our £15M which is heading to £30M

Am in BOO so it’s all about us but good for all Rev B holders everyone wins

Don’t think it’s over with BOO / RevB Bod looking at that RNS, they are coming for the BoD, will they win it?

Suggest it’s good news for RevB and BOO that the former shares are re listed, fair play to BoB, RevB could have gone under and he deserves respect for turning it around the past 8 months

Guess BOO now call an EGM to vote off the whole BoD ?

Don’t disagree T4g

In theory the shareholders voted the execs down and a non exec voted them back on

Will be interesting to see how the AIM Team view all this? Will they want everything resolved before re listing including the accounts or do they just press the green button and see where it all ends up?

How much of this has BOO gamed out ? They must have known the company needed executive directors for fiduciary purposes ?

Was getting resolution 7 to 11 their goal this time

BoD on the return leg ?

Re listing now that 7 to 11 is struck off has to be the best route for everyone ?

To recap

The shareholders voted off the executive directors

The non exec went against the shareholders and voted them back on

Rev B BoD can’t issue shares / give themselves a bonus and they have no authority from the shareholders to act as directors - in theory

Not sure how the AIM Team will view all this?

Hi Wolf,

In affect guess yes, it’s a rerun

Thinking on…

Wonder how it’s works when the shareholders vote down by 74% re election of directors and a remaining non executive goes against that vote and brings the same directors back ?

Will the AIM Team think this is just a total sxxt show and with accounts due they delay the re list ? I’ve no idea but the RevB directors are without authority of the Shareholders and have limited powers

Get the popcorn out for the next instalment

Typo should read 9 not 19

So BOO will add directors to their AGM notice to offset the 2 new directors ? They have to I guess ?

RevB directors can’t do much/ anything in terms of a fund raise or even get their bonus for re listing

All to play for in the return leg

What do we make of resolution 7,8,9,19,11 ?

All voted down including the remuneration committee recommendation

I don’t think Bob gets his share of £3M ?

The BoD have no authority to do that much, they can’t issue

shares / raise funds etc

2nd leg to come

Folks it’s half time reckon we look at the positives

RevB re lists that has to be good news for all ?

RevB BoD can’t allocate shares or raise funds or do that much until the return leg is resolved

BOO couldn’t vote on their new proposed directors so RevB had to have at least 3 directors

That’s my take …. We await BOO response but we can guess there may be a few more names on the list ? If they can do that ?

Quite a few joint RevB holders on here, nice that they can trade the stock again if they so wish and Tbf to Bob Holt he saved the company and got it relisted

Tomorrow is another battle

T4G certainly is game of thrones

At least RevB can now relist that’s good news for everyone

Then it’s down to the vote in July / August

Fair doos to Bob Holt in the meantime and he got his bonus

Bobs had more comebacks than Elton John

If anything it’s entertaining

Hang on

Stand corrected

Smart move by Bob he’s back on BoD - clever

Board composition following AGM

Because resolutions 2, 3 and 5 were not passed, Bob Holt, Elizabeth Lake and Derek Zissman ceased being directors from conclusion of the AGM and, at that time, Jeremy Schwartz was the sole remaining director of the Company.

Will stand corrected

Reading in full now

Not had full read but quick skim

With Norge out give or take it,Mike has to buy in the market

Him and the Shorts if they want to bag profit whilst it’s there

Knowles, fully agree

Last weeks RevB RNS’s/ news was interesting

RevB don’t need cash they can tick over ,they generate

£12M to £15M tops EBITDA

Less historic capex £5M which looks realistic

cost of capital maybe £2M plus servicing £34M facility ?

maybe exceptional legal costs at moment £?

£5M to £6M extra working cap, they plod on under BOO with no raise required

BOO odds on to win control of Bod but Bob mentioning Concert party is a fair comment off him and on that point BOO don’t tender for balance of shares, if that makes sense

If Bob does retain control he may want to do a placing, dilute BOO a tad and strengthen his working cap position within 12 months ?

T4G, just can’t see the 32% voting for Bob?

A vote for Bob is dilutive with his bonus and BOO may be the lesser of 2 evils in their view?

BOO won’t want a raise on top but Bob may want to strengthen the balance sheet / erase debt via placing down the road - within 12 months

Interesting to see the next stage play out