Options for boo4 Jul 2023 19:04
In terms of boo they have 4 options:
1. Sell there stock for a 8-10m profit as current price. (unlikely).
2. Buy more and be forced into making an offer (unlikely as they don't want to pay fair value, they want to take the company for peanuts via a forced admin situation).
3. Continue to hold (and be a 'supportive share holder' hahaha)
4. Take their current proposed route, and force/vote management out, stick their own team in and force the banks to call in debts and try and salvage the company out of a fake admin situation (very risky, unethical and a difficult thing to pull of to get all moving parts to align so they actually make money via this strategy in the long term, especially if half of revbs customers decide to walk).
If i were boo id go down route 3 and make a nice 100-150m profit by holding and supporting the business for a couple of years. They wont though cos they are a set of t@ats!!