Some questions to BOD5 Jun 2019 16:15
On the back of my suggestion earlier I just sent investor relations an email seeking clarification on a few points. I will let you know if response when received
Hi, I’m a private investor with Bould Opp. I have a few questions I would respectively like customer relations to respond too please? The company 5th April has become a cash shell. 2 months have passed and 4 months remain before the purpose of the shell will change if no RTO takes place. The directors confirmed in March and April “The Company has already met with a number of promising potential acquisition targets and whilst no guarantee can ever be made to the execution of a successful reverse takeover, it is the Board's intent to identify and execute a reverse takeover in prudent haste“. Given two months has passed there has been not one piece Of factual information presented wrt engagement with potential acquisition and nothing stated in terms of potential future news. This is frustrating and doesn’t scream if “prudent haste”. These are the two words that made me initially invest in this project. Since the 5th April a OO has been completed and was clearly stated that our largest shareholder had signed an irrevocable agreement to support. This would suggest the future intentions of such a shareholder. I’m sure your are patently aware that there is so much speculation around this shareholder and whether he will become an integral part of the companies future, in the form of a director. To that end it would be informative to know if the current boards intention wrt future board changes (if any) in the immediate future? Ie will there be changes or is it the current bod view that sufficient expertise exists to progress RTO under current structure. Finally the funding of £660k plus the residual money that was carried over to progress the RTO is now in place, as well as Mr A Syms. When will a roadmap be available that will detail the strategic intent and planning to successfully RTO in “prudent haste”
Many thanks for accepting my questions, I eagerly look forward to your response.