RE: Push back15 Apr 2025 07:49
Ice you keep going on about SH being shafted, YES, YES, of course they are, thats how it works. most companies will look after employees and of course the banks... (not in that order obviously), but no one forced anyone to buy the stock. Its always share holders who wind up with the brown end of the stick.
There are 3 years of mis-reporting. who knows, literally, who knows, whats been misreported and what will eventually be revealed.
Its this naive view you hold as though everything you read must be true, that "fundamentals" are somehow written in stone and can never be skewed to give an impression rather than the "truth" (whatever that is).
A bid of 35p has resulted in a stagnant SP suggests that 35p is not done and dusted. As for the refinancing: would you lend money to a company that has materially misled through their accounts for years? And even if you did what rate of interest would you insist on.
As a customer would you sign a long term contract with them now not knowing what the next 5 years brings?
There must still be an element of sidara waiting for them to either go bust and buying them through administration or potentially lowering their offer further. If the stock gets suspended then it gives them all the time in the world to do a deal behind closed doors.
That then gives the current SH's a tough call. Stick with it and hope for 35p or sell before suspension and the uncertainty that that brings, and realise some capital now. (And as always, Capital preservation is, or should be, the no.1 rule.)
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