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Be careful all-Standard List shells like this are being subject to regulatory change later this year to make them genuine full listed companies.
It’s likely that companies like this will move to the less onerous Aim market but still much more onerous capital wise than Standard list
In summary, they need to do a deal or this could fall into a vaccum.Someone should ask the CEO to comment
I agree-any restructure is going to need hard cash.The issue is at what cost
Ryan Maughan?Look at the damage at Avid!
You need to go all the way back to Tinkler and Co to see where this car crash started-there should be an enquiry
Appalling report on Sudan on R4 this morning.Largely forgotten about in the maelstrom of other news but the biggest humanitarian crisis in history is unfolding
Well it looks like the herd has moved as Boris would say.
If and it’s a big if, he pulls off a deal , then it may be worth a punt but as things stand just now, it’s all hope with very little if any currency
A useful summary of….nothing !
Market cap c£6m, asset value negligible
You heard it first here!
I know from personal experience that if Hilco are lending, equity is irrelevant
The proverbial Venus Fly Trap
Another blow
It’s over-I cannot believe anyone thinks otherwise
The hydrogen RNS from several years ago was one of the most embarrassing RNSs in history-and so it has proved with time
I agree-I think the war is coming to a conclusion-the US is already contemplating it with eyes on Trump.Looks like a land swap deal with some vague promises about NATO
That said, I doubt it makes Russia any more investable-it will be a pariah for a long time
I agree with much of what you say Richard-the fact they handed the certs over means there’s an issue but the outcome is unknown.A 10pc shareholder does have a lot of protection in the Companies Act
It’s worth nothing-jump before you are left with nothing
The end of the road-appalling but I don’t blame the current team.This goes all the way back to previous management with a fixation for deals and debt
Agreed-very poor
It’s all rather sad as I invested in IPO having met Jeremy Martin who I found to be a decent guy.I sold out several years ago, thankfully, but have kept an eye on events.Someone will make money here but too risky for me
Heading for a pre pack in my opinion -cannot see any scenario where this helps current equity
Stuck being the operative word-we are at the point of capitulation in that there is no point in selling
An eye watering £1bn of market cap has been lost here so there will be some challenging conversations around the kitchen table no doubt.
I doubt it improves the EUA investment case though