RE: Re manifesto1 Aug 2018 23:08
As I have a professional qualification and background in finance, I can say from my experience they cannot as it is announced to the market as such and the investment is only one of the time stamps and not the sole time stamp for conversion - the timing of the conversion is the earlier of 31 July , acquisition or further investment.
The investors have already given further time to facilitate Ebioss and will now convert their shares. I doubt they will delay again
I think if you read between the lines of the rns , the investors will not want the current board (inc Ebioss) anymore and want changes And also after today will not want to wait months for Ebioss to sort out it’s financing like it did with btc. They want to get the balll rolling with eqt and get the company turned around imo hence the 31 July clause
Hope this clears it up