Darwen Holdings admitted to AIM yesterday, Chairman Roy Stanley of Tanfield fame. See article in Shares mag. Going to corner the market in low emission "green" buses.

Going well today ahead of TAN's results. Are you in yet Cynic,well up on listing price?

my lucky day

The Company notes the recent press speculation and confirms that is it
considering a transaction that would be considered a reverse takeover under the
AIM rules. Accordingly pursuant to Aim Rule 14 the Company's shares have been
suspended pending a further announcement.

Company's website: www.darwengroup.com

Roy Stanley proving to be a liability at the moment,sp floundering.

But maybe Roy has a cunning plan --

To be the one sacrificed at Tanfield. But as part of the deal he takes Tanfield's EV division with him and rolls it in with Darwen?

With TAN's price in the doldrums, he could buy Smith off them for a pittance. He then presents himself as local hero - saving the jobs of northern workers.

The operation of business surrounding TAN, its advisors and other hangers-on is to say the least "under scrutiny"- so there should be no attempt to muddy the water any more than they are . Without the EV division, TAN will have little value in the next few years, at least until the Access Business finds its feet and produces returns to investors. TAN without the EV would be like a boat without a hull. Shareholder need to be alert to this.

It might be seen as a dilution of his focus for RS to start-up a business in such a similar product; so some of the technology might be leaked, reducing TAN's ability to widen their product offering. Indeed it might be that it would have been better for him to have left his investment in TAN and seek separate funding for an additional Bus business; i.e. within TAN, where stewardship was needed.

If I was handling TAN, I'd attempt to put some claim on [DHP] - the Bus business, and ask the High Court to give me ownership. Albeit at their own purpose-built factory ( no point in wasting effort moving the business unless it became necessary, etc.).

For, it seems to me that shareholders at TAN have been short-changed, just at a time when Exec focus was desperately needed, following the Snorkel purchase. This would not be a "bid" it would be something else; that isn't often discussed.
Those that raised money to create [DHP] might be a little miffed, but cheaper to move sideways than attempt a big fight. The better-feeling and mutual strength this would create should more than compenasate. It would also remove any need for separate execs/advisors, when money needs to be conserved.

There is no place for RS - he's been found wanting.

DYOR
all IMHO etc.

NEW THREAD NOW, OPE.