Emailed my concerns about 1.7bn share issue19 Jun 2020 12:19
Got a token response............
They are excited about Joe/Maximum..................
"Hi SimonFuture , Thank you for the email , i noticed that you had posted the email above on LSE ,firstly the fund have received 1.7bn shares, at the time EHGO they held 2% or so, they opted to take their holding all the way up to 29.9% with consideration to the takeover offer for % threshold.( investors who go over 30% have to make a formal offer for the company)
Today we have shown progress in the assistance in negotiations for Joe/maximum media , they are one of the largest publications in Ireland at present. and have other companies also not just JOE
We are obviously very excited by this and their market reach they have currently.
We do of course recognise that there are Long Term holders who are sharing frustration with the boards.
Thank you for taking the time to email , I hope the above clears up a few points.
Thank You
Iconic "