RE: BLUE +5%30 Jun 2023 16:26
My thoughts on all of this -
BOO bought in as a “supportive partner”, that’s until they tried to steal the company without paying anything for it. That’s there MO, buy distressed companies out of administration. I think trying to force a company into administration is a poor show. BOO have left a trail of destruction, litigation and poor practice behind them, while also destroying the value of the company and changing the goalposts on share allocations for top executives.
REVB were in a terrible state, and all down to fraudulent activity by senior members of staff, again, pretty despicable behaviour.
REVB have since changed their management, had a forensic examination which should mean they are squeaky clean and have an industry heavyweight running things.