Another Week; Takeover Incomplete. : Wed Aug 30, 2023 6:03 pm
In all seriousness, I am guessing that even some of the Rose Tinted troupe in here are now thinking accepting that the time taken for this takeover is not simply “due diligence”. It’s a bit patronising to say that to some people on here who know what they are talking about. The reason why due diligence drags on, is because someone is either not providing key data, or has asked for something that wasn’t part of original terms, amongst other things. Are the Ellis’s dragging their feet in being able to provide that they can run a business? Has JM stated that he is now part of the furniture and won’t be leaving? Truth is none of us (possibly) know any of this and therefore can’t and shouldn’t speculate. What the learned business individual does sense is that a normal cadence has not being maintained for a deal of this size.
Something has changed, and someone is not happy with it.
Appropriate and timely updates are the only way to avoid Facebook outbursts like last week (and possibly next week, who knows?).
It’s not unreasonable and the rose tints shouldn’t frown upon people asking for updates.