RE: Off we go!27 Jul 2023 13:07
‘The new directors believe the remaining cash coupled with potential access to other funding, if required, is sufficient to explore and undertake any potential AIM Rule 14 transaction, as described further in the paragraph below.
AIM Rule 15 cash shell status
The new directors intend to enter into an acquisition or acquisitions which would constitute a reverse takeover under Rule 14 of the AIM Rules for Companies (the "AIM Rules"). At this time there is no certainty as to the exact structure, identity or timing of such a transaction(s) or as to whether or not such a transaction(s) will happen at all, but the new directors are assessing a number of potential opportunities.’.
Bladderman it’s an RTO mate already in the bag hence why they rescinded petition & we’re appointed- they’re very experienced and respected guys! IMHO GLA