I get the feeling that this deal with Nice Group was brewing in the background and Tony used a small technicality to give Weg the boot...Weg then went all legal and the whole deal froze...after months of negotiation Weg got 50% back but lost the seat on the Board...Wouldnt surprise me if Weg sell out to Nice group down the line...Im sure at atleast 36c+
Although its been a long suspension that has hurt management credibility...the support of a listed company providing debt funding in this market has to be seen as a positive...in addition we have gone from 1 ship to 6 ships despatched since the beginning of suspension...
Good luck all holders...its been a wild ride!
PLV Price at posting:
20.7¢ Sentiment: LT Buy Disclosure: Held