Investment

PRESENTATION TO THE BOARD REGARDING 2 + 2

The 2 and the 2 were the values at the time before the addition. They are the old values. Since then we have had inflation. By investing the 2s and transforming them we have - obviously - avoided the impact of inflation and so they are both worth 3 going forward. Therefore, we use 3 instead of 2 in determining the initial investment contributions. Don't worry; standard practice.

The purpose of the addition was to take advantage of the compatibility of the two 3s and gain further value by means of synergistic combination. This pluralised mutual benefit increases their value to at least 4 each. Although we expect it will be more than that, we’ll be conservative at this time to manage expectations.

As these two 4s are essentially identical, we can expect significant cost savings from removing redundancy and duplicated effort. As they are essentially the same, we can expect the resulting value to be twice as efficient, thereby doubling the resulting outcome, and at half the cost, which - clearly - also doubles the return on investment. The benefits to all of this merger will be phenomenal.

Ergo, one can reasonably and safely expect 2 + 2 = 32 at the very least, and likely far more.

I propose that post-merger we issue a dividend of 12, grant management bonuses totalling 8, buy a share recall of 4, invest 3 in the future and pay a redundancy settlement of 1. That leaves 4. Everyone happy? Good.

I’ll just take a modest 4 as the consultant, and I’ll take that right now and pop it in my overseas investment fund and, er, ok thanks bye!

Simon Reed, 21st Feb 2024