I also sent the following email to BLR:
Dear Mr Haynes,
I am an existing BLR shareholder and was wondering if you could spare some time to provide some more information in relation to the upcoming vote on takeover by WUC.
From what I can gather, BLR essentially has no option but to accept this takeover, as, should there be a majority No vote, BLR would be forced to go into administration unless it can come up with additional funds in a short space of time.
Is this correct, or, is there some 'plan B' for what BLR would do should there be a majority No vote?
Regards,
I am yet to receive any response.
Maski
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