RE: Vite8 Jan 2022 00:00
Is litigation and a 14p share price a bit too pessimistic? The put/call option will still be in place. The issue with this deal is that the Board has not communicated the rationale for agreeing to the deal now. What risk/uncertainty are they trying to avoid that is value destructive? Also, just as importantly, the Board have admitted they have no idea what they will do with the APT/Block shares which is really worrying. I don’t mind the conversion, but need more strategic direction from the board.