suspension, page-2

  1. 19,875 Posts.
    lightbulb Created with Sketch. 1010
    I'm still hopeful that neoside will come good with the cash. don't forget they were initially looking to buy sox and then saw the datreach figures and the state of tny's books and decided to try and take on the whole company. They want a public listing, ... but maybe bit off more than they could chew. One would hope the directors have ensured some legal redress if neoside don't honour the deal, particularly given that all the eggs, and the last of tennyson's cash, was put into that particular basket.

    It's going to boil down to October 31, if neoside have the cash then it's still all systems go for the company to get up and running again -- with ten million in the bank.

    It is reassuring that not one director or big shareholder had sold out before this latest problem, directors had also been lending the company cash ... so that suggests to me that they had been confident of this deal going ahead.

    Given all the hoo haar about coporate goverance they're obviously just protecting themself because its obvious the company is technically insolvent without the neoside deal being honoured.

    And one more thing to consider, isn't this suspension a great way of ensuring all your uptight shareholders all vote for the neoside deal.

    october 31 will is d-day.
 
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.