Member Info for WolfofWarks

I o ow all that JohnNth. It wouldn’t have been Mooky’s call on whether or not to sell ROW. It would have been the lenders and would have needed approval from the judge.

2020 called and says it wants its craze back.

Okehurst - It’s depends of whether or not they want 100%. They only need the two board seats to have complete control of the company. That don’t actually need to buy the company outright.

Plus there was always going to be action against the former directors once they established exactly what had gone on.

Which is why I think their holdings will be inactive in terms of an AGM vote.

‘RebV coming back to the market is looking highly unlikely ‘

Based on what exactly?

'The Times today

‘Revolution Beauty, an online cosmetics retailer, revealed yesterday that its auditors had identified “a number of serious concerns” during its full-year audit. It had been told by BDO that the auditor was unable to sign off the accounts amid concerns over the provision of “sufficient and accurate audit evidence” and the “validity of certain commercial arrangements entered into by the company”.

https://www.thetimes.co.uk/article/6715b2e8-0ec1-11ee-9d84-6e8ed24abaa3?shareToken=5d99cdcaf62d3a2c831e01a6d19ba2b2'

This is unbelievable from the times. The point about the audit is coming up to a year out of date!

‘suggest we can park the re listing as it looks like it’s not going to happen.

BOO have not gamed this out to have themselves on the AIM market and have another company they control on the market as well with ex directors of BOO running the plc as a quoted company, why would do they do that ? ‘

Okehurst - what have you read that draws you to these conclusions?

The relisting is being worked on. It’s a tick box of procedures and processes that need to be put in place.

I’m not too sure how the ex directors stakes will be governed now. But for the votes assuming only votes cast count if they are not included Boo are at I think around 46% of the voting rights.

LTH - I can promise you I had absolutely nothing to do with Evraz being suspended nor Cineworld running out of cash! I appeared after those events occurred.

I'm long here :)

Haha - I was reading only this morning his attempts at trying to get everyone to sell.

Absolutely shameless!

Okehurst - while I admire you enthusiasm you have this relisting issue company wrong but continue to persist with it when is all you need to do is read the latest update. The only barrier to them listing is a few governance processes. It's got nothing to do with liquidity or going concern. Half the AIM have material uncertainty in their accounts - it's the nature of investing in an exchange full of start up businesses.

Also, I doubt very much the ex directors will be looking to actively participate in the company given what happened to get us to this point. They probably have far more grave concerns. The board is currently made up of a CEO (Bob), CFO (Liz) a chairmen and one NED. So if they can oust Bob and Liz and install two of their own directors they will have executive control of the board and therefore the company.

JohnNth - that doesn’t make any sense. Why would the lenders want to let it go for a knock down price? They want their money back right?

I think RevB is going to end up a quality acquisition and BH have probably times their entry to perfection.

If we can get those two board seats we won’t even need to buy the rest of it to control the company.

Go away mate you are a bloody curse!

That very interesting.

Okehurst - I reckon your takeover might well end up on the cards.

PeePee - all large companies make acquisitions. Boohoo had loads of spare cash so splashed out on some bargain basement brands.

Now if you can come back to me on your short and which broker you use.

PeePee - you don't have to repay am RCF. You can simply refinance it assuming you still have the banks support.

One things for certain. Those concerned about quality won't be moving to Shein - they are worst out of the lot.

PeePee - why won't you answer my question on your shorting?

RevB do not have an immediate need for cash from what I can see.

Gazillions - the amounts written off above and beyond normal business are itemised in the exceptional items.

I assume that’s what you are getting at.