Way Out26 Dec 2020 10:31
Imo is there a way out of this for Brown?. He has time, if Gareth calls for an egm I think in total he would have around 3 months to hold it. In that time he could buy up shares to win the vote, result would be sp up and lots of holders at current sp would be gone and replaced by happy holders.
However, if news on the machine delivery is announced and production starts then the sp will rise anyway so he will have to pay a high price to get why he would need.
Or, he could continue to delay news l, put out poor rns to keep the sp down whilst he buys. I think people would see through this and keep buying more so he would still struggle to win the vote and a battle of buyers would still drive the sp upwards.
Either way imo the sp is set to rise here. I can see 3p and some warrants possibly being taken up before a meeting can take place. Imo he will continue to completely disregard shareholders for his own ends. However I think he will lose. SP up either way.