As you can tell from the post theres a lot of anger and frustration embedded in it . I hope for everyone concerned here that this comes good or at least something better than the deal already at the table. I'm from now on going to quell my frustations and let ASOG do the talking . Right im off now for some anger management 😆
when I told my spouce just how much had been robbed from us, she to her amazing credit took it in her stride which in turn relieved the pressure on me. Any improvement on these term is a bonus like I've already stated 55/45% in our favour instead of 89/11% must be closer to the mark.
Boxerdog1, as I mentioned before BHs will not allow the company to fall into administration and may make a revised offer. To be of interest to long term holders the offer would have to be a substantial improvement. Currently they are on a smash and grab, Unethical proposal! I tell you ASOG is VERY powerful in NO votes right now to the point that they MUST engage us....
thank you for you kind comment. ASOG have identified the major shareholders including the very large chunk held by PI SH. Our press campaign continues. It is likely ASOG have 28 days from release of the interim funding to continue registering 'vote for a better deal' SH and try our hardest to get a better deal.
All analysis of the finals and comments, RE profit and loss, balance sheet, free cash flow projections, impairments, etc are welcome. ASOG needs everyone to comment and ASOG will accumulate all comments.
I hope you are well. No Vino tonight unfortunately - I'm on spouse induced rations - once weekly.
As stated the ASOG committee members are very active, we have assumed different roles with varying objectives - the aim being the same however - to get a better deal for LTH - especially LTH like you who have seen there pension pots severely depleted.
To detail exactly whom we have made contact and alliances with would lessen our position. We must maintain discretion until the tome is right.
Rest assured Boxer the ASOG committee ir working in YOUR best interests and I would ask you toread one of my earlier posts RE keeping anger at bay in the short term. ASOG needs to build relationships with many parties including the BoD and ad hoc committee. We must not alienate the BoD.
It is hard boxer (and I know especially for you), but please remember some of the committee bought back in tp specifically help the NO campaign and gentlemen like you.
this is how I view the situation also if I'm fully aware of the circumstances.
I've lost a complete fortune and have written the 3p off, the greedy set of bond holders at present are demanding unreasonable terms but! if denied a yes vote the company will go up for sale and they then risk losing a fortune if the asset sale fails to return their original investment.
That is a very wise and thoughtful post you just made. I think a letter would serve as a basis of communication later on if a No vote is to carry. The BoD must be aware that SH now have a substantial No vote gathered . I have no idea how II are going to vote however they normally side with the BoD. I am not so sure in these circumstances with such a poor deal being offered. My own emails were ignored . I wish you well.
Im sorry to here your suffering m8 but think of it this way if a guy came up to you in street and took 12 grand off you would you let him get away with it . You wouldn't and this is what the bod and bondholders have done to you me gloomy ldlv. Its called theft , we didn't cause this but we are the ones paying for it . We should all take an haircut evenly not some entity called the ad hoc making money shorting it buying the bonds at a discount then wanting the whole company because that is what they will do is delist it . Do you think they really care about you me and all other shareholders . I just can't wait till this egm is called
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