Oh dear - that doesn't look good for those still holding.
Lack of liquidity, no significant operations, and even just the costs of staying listed.
And of course, now the directors have got most of the votes, so this will be voted through.
What does that mean for those who have not sold their shares?
OK - yes, I know there's nothing worse than a smart arse and an "I told you so", but some of us could see this coming when the previous board were challenged by this lot. Asset stripping then take the company private with all its holdings and cash.
Sad to watch these scam artists at work. And please don't insult the intelligence of the doubters by continuing to defend the "board" and how they are working in the shareholders' interests...!
I honestly feel sad for those still holding, as the writing was on the wall as soon as this lot moved in on the company.
No more posts from me on this - I've been watching the boards for IDG so couldn't help but see this. I won't gloat, or post any further. Or read any comebacks.
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