if joelstar is correct then even after 31dec 5b, we are still at net zero debt. Soo rms could offer .195 for 83m and maybe 3m cash. At .235 that’s 100m and from memory they would still have 50m cash if the offer was non scrip.
After recently talking to my source at the top (literally I don’t think you could go higher tbh) about sl, I sincerely believe that if Gcy has the quality assets, we will need the right calibre of management to maximise value. Might mean sl will have to sacrifice a bit of ego from his recent find to do what’s best and prudent for the company moving forward.
i pray that sl is humble enough to see if his experience can potentially cap upside here and hope he acts accordingly.
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