RE: Richardson at his tricks again22 Feb 2024 07:47
That is my feeling too. They will come in and propose do a saviour finance and then we might get also in on it as well if we ask nicely! Or we get a takeover offer that’s below the 12 month highest price of 7.5p and this is the shoe horn RNS for us to accept lower hence the rumour of 2.5p?
I repeat none of this adds up one iota. Issuing RNS with your name on it when you’ve resigned a month ago and aren’t part of the BOD any more or decision making? How has PK allowed this or does he even know lol? We are making over 2 million a month, we raised 2.6 million less than a month ago from the snakes placing plan where’s that? This jeopardy RNS has one job to scare pi’s the retail market to give up. I’ve emailed company twice inc Cathy, no replies what a surprise. So all they’ve told us new is that our assets are worth 135 million. We owe the SL circa 40 million to pay them off. We generate even with no gas injection over 2 million. We can sell one of our assets alone to pay down the SL. If this is put into C11 protection that’s fine we can still trade and more scrutiny whilst they sell off an asset, do a shareholder equity raise and have time to replace SL going forwards. These are games being played, left right and centre! IMHO DYOR