You have highlighted your problem very well. You haven't changed since the first day you posted on this share and that is not how the market works. YOu have to look at a share all the time, at every piece of news and assess how they are performing and if they still deserve your support. I started as a fan but managed to open my eyes and fo rthe last 3 years there has been no good news except the day that JE , your guru, was thrown out , although I am sure he is around behind the scenes in this whole deal.
You write that if the deal was to collapse it would have happened last week, Why, Where, How do you get this from. The deal will only collapse the day the bank decides it will get more form selling the remaining assets than try and get money out of a stone. The other thing you write is the amount Hawker has already invested. It shows how little cash that will be coming to Sefton if the deal as it stood went through. We know the deal will be worse if it happens so there will be no new money coming into Sefton so no new investment into Kansas pipeline or anywhere else.
The truth is that if there is a deal and I think it is more an d more unlikely the priority will be 1) the Bank,if they don't get their money they wont allow it to continue, 2) Hawker, as the investor they will wantto make sure they have a chance to recoup their investment, 3) Sefton, management and staff trying to pay them whatthey are owed and to continue operations and 4) the shareholders, nobody really cares about them. In this phase of renegotiations how big are the chances there will be anything left to Number 4 , I just cant see it and I have seen this scenario many times before. Sharehodlers take their chances but at he end of the day get nothing if things go sour and this company ha sgone more than sour
So the one time I sold to try and catch a quick ride over at KEA for which I made a good load. Sold (then tried to ramp it like hell to try and save some people some money over there) christ it's a bigger blood bath than here, then pumped all that money back in here in chunks. I have been one of the most loyal people on this board and have supported people in every decision, sell or buy. All you have done is post scare tactic statements and get on CJ's bandwagon. Mate your views have changed so much in the last few months you don't even know where you stand. You bought in and suddenly loved the company and everyone invested. Now you have sold it has all changed again! I have not changed one bit since the day I bought in! Through all the good times and bad.
I must admit, its the key points have been agreed that has made me wait.. when they issued this RNS oil prices were circa $60, yet key points were still agreed, if a deal was out of the question they would not say this but then again.. hawker seems like they have no cash.. arguments to both sides.. its a waiting game coz ive had enough trying to work it out..
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