By Nigel Somerville | Monday 1 November 2021
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
The Board of Edge Performance VCT (EDGH and EDGI) may not have quite got around to updating the market on this yet, but an EGM requisition has arrived with proposals to remove the entire board (barring one who was supposed to be standing down anyway). For Edge I-shareholders, it may not give them any extra cash back on their disastrous investment, but at least they will have the chance to take some satisfaction from sacking the board. But I fancy any potential reform may not be limited to just that – probably, in my view, to the advantage of the H-shares, the other remaining class left over from the alphabet soup that was Edge Performance VCT.
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