RE: Was Inginuity Stolen?16 Jan 2025 08:59
Agreed but none of the offers was legally binding after due diligence they were just indicative offers. Matt didn’t open the books to ANY of the approaches even from his mates.
No one knows why but that likely caused the subsequent crash as confidence evaporated.
At least the demerger has allowed a more rigorous investigation of the books by few banks/brokers.
Confidence should be slowly restored.