WIND UP AND PENDING RESULTS9 Feb 2024 18:27
I cannot understand why the directors did not defer any decision on the strategic review until after the Verne sale had completed. Surely, this would then have created greater clarity about the future options for the company and aided their decision making? I think it was premature to announce a managed wind down at this stage with the Verne sale still up in the air. I just don't think this board of directors is up to the job. In a few weeks, we will get a trading update, an "independent" valuation of the assets and the full annual results. These documents will tell a tale. Meantime, I cannot believe this company's market cap is around 150 million today! If I had bigger pockets and could afford to wait, I would certainly be loading up at the current price. Someone is going to make a killing on this company, but not the small shareholder methinks! AIMO