RE: $45.6million2 Dec 2021 21:58
interesting question about N&G.the actual discount figure is i think 7%,but what they will do next I've no idea.the £6m so far invested at average of about 1.48p is now worth about£1.4m.they must surely have been privy to the plan (will be pretty peeved if not)and perhaps an agreement to buy back the outstanding £2m,to try and preserve somewhat the existing value.clearly if the deal doesn't go through its completely finished so they will,i expect,support it.what concerns me is that the deal has clearly been in the pipeline for a while but no updating of the market as to change in circumstances till now.no doubt the lawyers and advisors will have that point well covered on grounds of commercial sensitivity etc