RE: So where are we ?3 Apr 2023 11:02
Lookingformoney, there can't be any further negotiation going on as a SPA/Sale and Purchase Agreement has been signed and the condition precedent will be subject to shareholder approval - hence the need for deal ratification by shareholders at the upcoming GM. The deal is done. If shareholders pass the motion at the GM, then PFP gets £2million.
The board have already said they have due diligenced two target investments to put that money to work.
Timing of recoveries by AAG is an intangible, but in the meantime PFP will have new assets to sweat.
As and when AAG make recoveries, PFP gets 20% with a minimum of US$24million. Given AAG have now signed the SPA, you can bet they are super sure of generating fast recoveries as they will have committed to a spend of US$15million in legal fees to do so.
Now tell me why our share price is so low?