RE: Nervous8 Dec 2020 19:12
helo LF.what has caused the slight concern over time lines(I'm personally not worried overmuch yet although i might be if we don't get news by end of week)is the statement in the accelerated book build rns of 25th august.it says every clearly that the deal is conditional on(inter alia)mvr shareholders approving the readmission of the entire new issued capital to aim by the 30th december and that if not the $12m deposit will be due to napster even if the deal does not complete. the point is that such approval can only be given by mvr's shareholders in a general meeting ,hence the relevance of the meeting notice requirements.neither party to the agreement can alter this unilaterally (I'm assuming there are no special provisions in the agreement giving either party any unilateral powers to that effect) but both parties could come to a different arrangement and in effect revise the whole thing and push it down the road a bit.but they would both have to agree.obviously this is pretty unlikely,hence the concern over the timescale.i shall only start to get worried if we get to next monday without a formal announcement,so I'm expecting and hoping for something this week.apologies if I'm telling you stuff you already know and of course its just my opinion and there may be other things going on which could put things in a different light.