thats me done18 Jan 2021 12:44
Well that is me fully out.......
I do hope those still invested get what they are looking for here but for me far too many uncertainty's now exist. The biggest concern for me is confirming who actually owns the 18.4%, I can't believe that the board are in a situation where they have a large shareholder and have no idea who it is.
Still no further details on the high court claim and with only cash coming in for the Joe management services contract, any legal fees will have to be funded by a placing which at these levels will kill any returns.
Also, despite the articles on senior management at Joe leaving, we have received no update from the board on how this impacts our business model and relationship with Joe.
I can see the board stepping down and working directly for Greencastle at Joe.
I had faith that something good was going to come good here despite the risk, but given the rns this morning it doesn't fill me with any hope.
GLA