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Yes i know but i still think its part of the game .. and nothing will come off it. Also funny timing hey, hes had months to do it ... hmmm
Its getting harder to work out who to side with here, and whats best for our shareholding - the joker or the penguin!!
Nailed on this announcement wouldn't have been made if boo hadn't called for bobs head yesterday.
I don't think there will ever be any legal proceedings note 'potential' - its just a clever move by bob to delay .. and try and force boo to not go down the route of linking up with him .. it certainly wouldn't be good for their brand and reputation, which means everything.
Bobs biggest defensive move is to now ensure this is trading asap .. within days
It will be lifted for the agm, i think thats the whole point of this, the best outcome ..
Looks like it’s gonna stop boo getting a vote before this is back trading.
Looks like the agm will now be the 7th to get this trading! Good shout whoever said that ..
Knew this would end up a soap opera!
His meds must be perfect oculus;
REVOLUTION BEAUTY GROUP PLC
("Revolution Beauty", the "Group" or the "Company")
Potential legal proceedings against the Company's founder and former CEO
20 June 2023
The Company announces the following information regarding prospective legal proceedings against the Company's founder and former CEO, Mr Adam Minto, in order to provide our shareholders with relevant information in advance of the Company's upcoming annual general meeting ("AGM").
On 19 May 2023, the Company sent a letter of claim to Mr Minto. The claim alleges that Mr Minto breached his fiduciary, statutory, contractual and/or tortious duties to the Company. Certain of the matters alleged contributed to the delay in the audit of the Group's FY22 results, and to the suspension of the Company's shares from trading on AIM. The Company is looking to recover material sums relating to the exceptional costs the Company incurred as a result of the matters alleged.
As at the date of this announcement, no substantive response had been received from Mr Minto or his representatives. The Company has set Mr Minto a deadline of 7 July 2023 to respond to the letter of claim.
The Company takes these matters extremely seriously. It is important for shareholders to note that there can be no certainty on the outcome of these legal proceedings, and the Company will make further updates to shareholders as appropriate in due course.
The Company also expects to publish a further announcement in the coming days in light of the announcement made by boohoo Group plc on 19 June 2023, including regarding the Company's upcoming AGM (which is currently scheduled for 27 June 2023) and the requisition of a general meeting of the Company under section 303 of the Companies Act 2006.
If they ex directors are involved with boo and being offered sweeteners they have some nerve, after causing this nonsense in the first place. Not sure boo would want them tarnishing their brand image. Although if they serve a purpose in terms of votes then who knows ..
Entertaining few weeks ahead either way, you’re not going to need emmerdale or eastenders
Downtime - of course they can’t steal the company from you you own part of it. It’s not the mafia. If a price Is offered and boo plus whoever they get to help vote it through then you get your share in stock and/or cash. One thing for sure, it will be higher than the suspension price very very worst case. The old directors own much much higher .. they want their money back at the very least. Getting it back trading before hand is all important now, IF, and a big if .. boos strategy is to try take the lot
I’d rather it was PE to be honest, it’s primed for it, would be a ‘proper’ offer too. This just needs to trade and (likely) bag serval times whilst all this is going on. That provides us with a much safer experience and cushion as the SP will do the talking in terms of potential buy out offers. Whilst it’s static it provides better leverage for the vultures. Better buying boo too as I did late last week. Hedge your bets. SL
The only way it would be taken ‘private’ is if another party comes in, PE etc .. if boo did buy us it’s a plc so you will get stock in boo or cash, or a mixture of both
As it’s stands not one private entity has ever been mentioned.
How would it be taken private if it’s boo? What you talking about, they are a plc ..
If you’re not him did he by any chance say that he will let you out the cupboard tonight as a treat if you mention his name more than 6 times?
Jesus downtime stop pushing Oakhurst1 you are either him (more than likely) or something odd is going on as you have just timed up. Weirdly you were wet behind the ears and knew nothing earlier this afternoon now suddenly your writing style and knowledge has changed .. hmmm.
Pumky how do they hold 58% of stock they hold know where near it’s 26% are you factoring in ex director shares. They have not shown their hand as voting with boo.