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Quite a bit of it about. Here's mine. GL left because of a fundamental strategic disagreement with GL, related to whether to sell or not to sell INFA. My guess is that GL would not have been averse to a sale. He has always had a heap of directorships and he can easily pick up another. He also knows that the equity provider will nominate the Chairman of the newly constituted INFA. On the other hand JW sees a very long term role and future for himself in the company.The suggestion that it might take up to six months to replace the Chairman of a low MCap company like INFA is bunkum.
Olderandwiser I like the tenor of your posts. Like you I have been disappointed by the backsliding of the SP since the beginning if the year on the back of partner delay, placing etc., but I remind myself that this is AIM where a long term holder is someone who has held a share for about three weeks. Who can blame the warrant holders who were able to multibag and then return for another run as the SP fell.We need some incontrovertible good news.Posts on social media won't fill the bill.
I'm a fairly long term holder in INFA, and I'm a firm believer in the project, as well as being a strong supporter of our CEO. He can do it!
Hmm. "I'm a fairly LTH in Infa and a firm believer in the project,as well as being a strong supporter of the C.E.O.He can do it."Well Said Setanta,dear friend, so am I ...I go further ....we will have another tedious week or so pending news but all strings to the bow are coming into place and when the arrow is ready to fire it WILL hit the target,be assured.Folks .stay calm and be patient !!!.
I agree Dawski Could be tedious for the weak!
Well said Mr Dawski. Equity funding will definitely happen in the very near future. The longer a company spends on DD the likelier a deal will happen. Let’s not forget we also have a fall back plan. DD completed by at least one possibility two companies before Christmas. What’s not to like. The colour of SS INFAs sails may not be to your liking but that doesn’t affect the integrity of the vessel.
Fair winds.
Hi Dawski - I so agree with your post & took the plunge this morning & sold some shares in PYC at a loss in order to Buy a further 150,000 shares this morning.These shares are now going, in my opinion, up.Currently SP is a bargain.
You did well.... IMHO still some time to go before real news but this is a sound Long Term Investment for the realists !!