Timelines of Events13 Nov 2020 08:34
As a long term holder I’m not too fussed if the Imutex deal is a few months away. We believe the wearables deal and potential dividend will done by end of the year and if we had two big dividends paid out at the same time then a lot of people could sell. This would create volatility in the share price, which is something Cathal doesn’t want. By stringing the Imutex deal out to say March then come that time he would have already dropped in another golden carrot, I.e. another dividend in June using surplus money in the bank to keep people further invested. It’s all part of his plan to get the best deal possible when the time is right to sell the business.