RE: Privatisation24 May 2023 17:49
I agree swag, the company a totally useless with a board missing any sort of spine, they’re not up to the fight. Best case they agree to call it quits providing the government drop the case. That would be weak but they are weak - they can’t even be bothered to host an AGM so how do they have the fight to take on the uk government, a corrupt one at that?
By then we’ll have had another year of day 10-20m losses with a similar cash burn, so perhaps marcap around the 65m mark to match cash. Probably a bit less as one expects that nothing major is happening operationally, save for another public health crisis. Still at least doubles where we are at today. Could be at 10p by the time it is settled. And before I get castigated, someone in here was convinced 60p was the floor a short while ago. Well, we’re a good 35% lower than that now, so there clearly is no floor.