I agree 100% with regard to the 3 possible scenarios:
Good = A deal is done with 90%+ dilution.
Bad = Reorganization or liquidation and zero share value.
Ugly = Kaz authorities file lawsuits in the international court against shareholders in pursuit of back taxes, penalties and interest under Kaz law. I don't know how possible this is, but I have heard of it happening before. I don't think that prison or Interpol involvement is likely, but is it possible?
I think you have hit the nail on the head there coggy, i think he is a bitter bastard, and who can blame him, it would seem he invested during 'the good times' and were in at bottom of the barrel prices. MXP was the first share i invested in, i don't think i could have priced a more 'exciting' share, anyway its half 4 in the morning in a drizley manchester and i have to go and open my factory for a saturday morning shift, and actually make money instead of spunking it away at max ;)
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