THE 2026 RULEBOOK VS. THE 2025 NOSTALGIA The critic is citing UKLR 14 "home markets." He’s reading the wrong chapter. Tomorrow is about the POATR Reset. Here is the Hardware: 1. THE 75% BYPASS As of Monday, the "Regulated Home Market" argument is secondary to the 75% Prospectus Exemption. If NWBO uses a NewCo (RevImmune), the "OTC Disqualification" is a moot point. The Gate is now a "Self-Service" portal. 2. THE "2-DAY" CONFIDENTIALITY New SEC and FCA rules (Jan 2026) allow confidentiality until 48 hours before effectiveness. The "Public Process" he demands is a relic of 2024. The RNS IS the notification. 3. THE PROXY MISCONCEPTION Authorized share increases are NEVER specific to a listing in a Proxy—that would be "Gun-Jumping." The Jan 15th settlement was the Gavel; the Proxy was the lumber.
SUMMARY: The long is arguing against a wall that was demolished by Notice N01/26 on Friday. He wants a "Process"; the LSE just gave us a "Switch."