Highlights from the awesome AGM! Thanks to a poster on another site for the following :
A simply fantastic AGM. Steve was obviously under the weather but came through with his usual passion, insights, and positivity. On behalf of shareholders we appreciate him spending 2 hours with us sick as a dog but still got through it. A few important notes, and I’ll try and remember some other smaller items and post about them later. If I’ve missed any major points below perhaps others can fill the board in:
- the suitors are definitely a DCE and others. I’m leaning towards Huobi/Dsdaq, perhaps with Al Fahim as the Dubai entity.
- There is only one other company (not even a fintech) who has been granted full authority from the EU for all crypto related activities. Revo #6900 is the other.
- The price of the M&A is not being debated, it’s merely just small fine regulator type details
- The company and its suitors will be working throughout the holiday period to complete the deal (no lulls expected).
- Steve 100% confident the deal will happen, but obviously cannot guarantee it without the ink drying first.
- The proposal was legally too simplistic, he had to add the language for regulators but nothing changed regarding the actual monetary transaction. The nuts and bolts of the agreement also has not changed, just some legalese suggestions were given back to the suitors. (Revo being a pubco has legal responsibility).
- Steve has been working this morning with the suitors and their legal council.