What is going on with today's RNS13 Feb 2025 08:58
"ECR confirms that additional confidentiality agreements have been signed with two interested parties this week, bringing the total number of such agreements to six"
"Notwithstanding this increased interest in MGA from other parties, the Company confirms that ECR and Octo are actively working towards finalising the proposed disposal"
My opinion, it just doesn't smell right.
This was all supposed to conclude by January 31st 2025. Now 2 weeks later than published, and therefore I'd think closer to final sign off, ECR now announce they are signing up two new companies on confidentiality agreements. It just doesn't sit right. If they sign up two new companies on confidentiality agreements, how confident that OCTO are going to go through with the purchase?? If they sign up two new companies on confidentiality agreements, can the final sign off be imminent??
I've said it before, if you haven't worked out what's going on here, then it's time to do more research on the BoD I think.