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Https://twitter.com/Chariot_Energy/status/1681964078665805826?t=Y65z7DhD8rRHtfUA4VC1Bw&s=19
"The Subscription comprises investments from predominantly non-United Kingdom investors whom were unable to participate in the placing of £500,000 announced on 20 June 2023 (the "June Placing")"
I wonder who these non UK investors are ?
Ate they Sri Lankan investors?
If so they may be aware about what is happening
Agree with you NewKotb,
They must have have agreed or very closer to agreeing something with the potential parties,
Why do they have their AGM in most expensive part of the London and in a most expensive hotel.
If they short of money, don't think they will spend like this
"The Annual General Meeting ("AGM") will be held at The Mayfair Hotel, Stratton Street, London, W1J 8LT on 7 September 2023 at 11:00am. Please can shareholders arrive at 10.30 am for a 11.00 am start. Once the formal business of the AGM has concluded, management will go through the latest version of the corporate presentation which will be followed by a Q&A session and refreshments."
BooH investment on REVB is almost 50% up. Come on Boo let the BOD to deal with this and enjoy your nice profits (More than your whole company made 😉)
AJ Bell live quote avaliable to sell @0.29
Is there any association Revb Australia with THG?
https://www.revolutionbeauty.com.au/
Right at the bottom of the REVB Australia Web page mentioned THG , not sure what this is
Hello Happy,
This is the answer for your post
"The current Revolution Beauty directors believe that boohoo's proposed seizure of majority control of the Company's board could simply be part of an attempt by boohoo to distract its own shareholders from the various issues that boohoo itself is facing, including its own recent share price devaluation (in the past three years, boohoo's market capitalisation has fallen by over £4 billion and its shares currently trade close to an all-time low), the reported opposition from key shareholder advisory groups both in relation to the re-election of Carol Kane (boohoo's co-founder) at the upcoming boohoo annual general meeting, and also boohoo's remuneration report"
These people are calling that the Rev board is "Failed board" 😁
They should go and fix their own company before interfere with other companies,
Laughable 🤣
"Group financial statements issued by BDO LLP, which contains several important qualifications, including a material uncertainty around going concern. This arises due to potential non-financial breaches of lender covenants arising from the Company's current suspension of shares"
Most important information here is
"non-financial breaches of lender covenants"
So the company has paid loan repayment on time and reduced the debt so it was just a delayed account reporting.
Much better than initially predicted
More news
https://twitter.com/Chariot_Energy/status/1646843674674724865?t=dQM1Ky9th-6ZGNTUotMmQg&s=19
https://twitter.com/Chariot_Energy/status/1646843676637757441?t=0jXbe0RHerGyBznclY_0-g&s=19
I hope they will not take this private.
We have witnessed 2 companies taken private in last 2-3 months.
MEAL & MCL
Really really hope they are not going to do this for us
Bod may be thinking vote may not passed and hence obtained the lending extension from the current lenders.
Don't forget there were 2 shareholders sold their entire holdings after they agreed to vote in favour of the delist. They had around 10% votes together and may be BOD is thinking they may have to go for the 2nd vote if this doesn't go through. May be that's why they have obtained lending extension.
What will happen to share price if the BOD failed to get the approval for delist ????
All in my honest opinion