GW, he's probably in on the charade. Maybe bad karma will prevail if they take it privately!
No surprise. Best Ronen keep a low profile. If I read about him starting a new venture with the remnants of Bagir then he best walk the plank!
Lin,
If you need backup then let me know. Gardin best find a very small dark room to hide as us shareholders are not exactly doing the hi-fives.
Probably best stick to non AIM shares but are they any better?? Maybe stick it all in Gold and Silver!!!!
Signing off and seething. Will take it out on my punch bag....bless her!!! :)
Only just seen the RNS and typical with most AIM companies, run by bent management only to pamper to the big boys!
This will be back down to previous lows!
2-3p...... and I can dream!!! :)
I think the only hope will be Bob!
I won't exactly be doing the hi fives if they take it private and all the existing board etc are still employed. And to think that the bent Ronen took a fat bonus!!!
Back into private hands, albeit in some guide, with the board probably doing fine and dandy out of this!
Two fingers to us, the shareholders.
It's as best as expected in the current climate. We didn't expect them to come out that Sales etc are significantly up , and at least they have implemented cost savings.
Will be interesting to see if they have enough money to ride this out. If so, as Max has intimated, it's a bottom draw one for at least 2-3 years.
GW, Perhaps they should be a tad more inventive and look at producing PPE clothing as this is hugely in demand. As you quite rightly point out, the existing machinery and material might not be suited (boom boom!) for the diversity.
Prime, good point about saving the company in 2016. Just maybe, he's here to do it again but I still think he might take this privately with much fewer legal challenges/hurdles to overcome.
Ironic that we were all doing the hi fives about Ruyi taking a majority shareholding over a year ago and potentially transforming the company......ah what bliss that would have been if it had taken place!
Geng, good point but it's not uncommon for an investor or investors to buy shares in the public domain and then take the said company privately. It involves less regulatory hurdles. Ezry might be doing this as a belief that the company is wholly undervalued at the current SP.
He may look to relist at a later date.
Prime, maybe I'm the cynical type but I can't help thinking that this is all a play and the scene is still set for going privately with the existing board members and this Ezry bloke as the main benefactor.
I think this morning's news may give us a little rerate and wider audience!!!
Excellent news and I'm sure Merck will be instrumental in getting this company back to its previous highs, in the long term.
GW, I seriously doubt if they're that bothered so long as they get paid and have received the bonuses! The private revert might be a secretive way for them to go back in without being subjected to public shareholders noise!
You would think that the court will pass favourable judgement in respect of the current climate.
Let's see if they want to be mean abut this!!!
I don't think they have any intention of exploring other avenues of assistance. They knew damn well that the new investor wanted this private hence this BS about going bust.