RE: RE: Filtech5 Feb 2023 12:16
Yes well spotted DrM. I was at the footie and was checking the other results with half time beer in hand when I had a quick peak at NNN and saw the news.
I didn't realise it was you who found it until just now so well done. I think that's 3 in a row with Volz directors disappearing and Lanstead selling. Anyway another good spot if only NNN were this informative.....
"If Volz have converted production lines" I think NNN would have posted an RNS on this news because it would be a material and would have facilitated a placing on much meet terms than on the 10th of Jan. Whatever the outcome there is nothing in the RNS dated 17th Jan alluding to being "in discussions" with interested parties (as with other projects) let alone one big enough to then decide they want to buy the JV so not sure the buyer possibility looks likely.
NNN must be short of cash and Im my experience these shows cost even small/medium exhibitors £20-40K. If I was in their shoes I'd would be conserving cash wherever possible using whatever funds I have left to focus on what is most likely to generate income quickest.
NNN do need to correct the RNS dated 17th Jan but IMO we wont hear from the BODs about this because they will not perceive it is as material information, I hope I'm wrong because without an RNS for clarity it will lead to wild conjecture.