A much more orderly board today
Well the company hasn't replied to my second email, however, I left a very long message on the the CEO's voicemail in relation to the first email I received from Eric Montandon.
In his email, (Montandon's to me)he basically said nothing was confirmed about the merger and that they were still doing some bits of due diligence. He even went as far as to say, they might not even announce the completion of the merger to the market.
Factually, they cannot do that. Any material event must be accompanied by an 8K. I emailed Mr Montandon back pointing this out to him and did not get a response!
I then emailed Tom Morgan and pointed this out to him as well and said, I did not think Mr Montandon was the right person in the company to be managing investor relations!
No reply from either. So, now those who want to, still have time to load up, and wait for the news to arrive. The merger will take place, companies don't substantially increase the issued share capital unless a deal is going ahead. Increasing the number of shares is the last thing you do, at the end of the process, not just for fun.
