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The RNS said it was considering delisting as one of the options to be able to raise cash in the medium to long term, not now. Also the current cash alone far exceeds the current SP. The target market is the over 65s and with Winter on its way it should be a good trading period. The mention of the word delist does cause panic and a lot of shareholders have headed for the exit, but this has been very much overdone. IMO and DYOR

Just realised the flaw in my plan. The minute they get the financing they’ll suspend the shares, so I’ll have to buy in at some earlier point and take the risk or stay out. Mmmmm…..

This is a great company that for reasons I cannot fathom is unbacked and unloved by the market. The volume of shares traded is low and even when the SP goes up a bit after results / interim results / positive trading update, the SP shortly thereafter dips back. The company is cash rich and debt free and in the current economic climate that is a valuable position. It seems to me that the main driver behind delisting is to achieve a better price on an exit and that being the case it will be a moot point that shares in an unquoted company are illiquid. I’ve lost money on this company in the past and am currently out, but if the company can get financing for the tender offer I will be back in and I will not be accepting the offer for my shares (assuming it won’t be a compulsory purchase). The RNS yesterday is a strong signal that the Board is looking to break the impasse. It will be interesting to gauge what Christopher Mills is going to do as he has been singing the company’s praises in VOX interviews I have seen.

OK Tintin, my apologies.

FFS Tintin, there isn’t going to be a new placement, Harry has said so on more than one occasion. We are fully funded.

I meant delisted from LSE as opposed to becoming a private company.

If they are delisted then I wonder if HL, AJ bell etc will continue to hold them as nominee. I might regret not having gone for paper certificates. Polymetal lost Deloitte as auditor but did find a replacement, the difference being Polymetal itself isn’t sanctioned.

Correct, all I’m saying is that Harry has said in last few interviews (when asked) that there is no need for a new placing as financing is in place (or will be on 15th). If there is a new placing then this goes against what he’s said. I agree that the large sales look ominous given no PI in their right mind would sell one week before sign off day on the financing. I’ve been underwater on this share for months so the last thing I want is to deramp.

No concerns about a placing as in interviews Harry has repeatedly said no need. Once finance signed off we should be fully funded. Also in last couple of weeks increased budgeted costs as a result of inflation were covered off by lenders agreeing to lend more to cover the increase. Hope I’m not proved to have been naïve

Love the optimism but let’s just add a sprinkling of realism. It might 5 bag if Align is correct but it’s not going to be that quick. Can certainly see 2p in next 6 months if we keep getting positive news. Probably some warrants that might suppress an imminent rise. All good though, no one seems to be talking this company down any more and an exciting 2023 to come.

Blimey despite all the negativity yet the SP is holding firm above 6p. Lots of buys at this level. It might be down but it’s not out.

Gazzleberry - if that was the case wouldn’t the RNS have told us so?

ShadowLess. - Good summary, but it’s a hold and not add for me.

Sure, but he’ll still want to make sure he gets his slice of the pie, that’s why he won’t dither getting the banking side sorted. Admittedly once the money is in, he may well sit on the funds as long as possible before paying out the dividend.

It’s a blip, RY has a personal financial interest in sorting this and the Russian guy is getting an absolute bargain.

A lot of bedwetters offloading their shares, opportunity knocks

Keep calm guys, they’ll sort it.

I think the quality of Parsley Box meals is much better than Asda’s awful product and anyways Parsley Box has a different target market. It is a tad frustrating to see this share repeatedly being talked down. I mean. If folks think the company is rubbish with no prospects, why on earth do they hold shares in it? If they don’t hold shares in it why do they post on this chat site?

Great post, a presentation on Investor Meet Company or a similar platform would be very useful.

A lot of warrants I believe at 1.7p so this will be a hurdle to overcome- still it’s more than double the current SP so great potential from here

Worth at least £3.5m based on cash alone , that’s around 4.5p a share. With Winter months coming this should increase demand and sales, particularly for the asset rich time constrained demographic such as working professionals and also pensioners with good pension schemes.