I would think that it is abundantly clear to everyone that the TO attempt and subsequent defence tactics from NME have effected both entities cash flow.
I have no issue with MCT attempting in recent months to force the issue and achieve TO ambitions by tying to strangle (extending TO offer), highlight apparent deficiencies or force payment action on NME cash flow / liquidity. But NME access to a line of credit facility, likely (but I can't confirm) ability to satisfy payment obligations to MCT via equity, and announcement that supreme court action is now headed to a likely mediation session in September 2022, mean these efforts have failed too.
Why wait until September 2022? If NME are "not worthy," set us free; withdraw the offer OR rethink TO terms / conditions / offer.
I would think that it is abundantly clear to everyone that the...
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Mkt cap ! $8.972M | |||
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| No. | Vol. | Price($) |
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