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Shut up and go away with your assumptions bye
Yawn
I only saw on 26/02/20 "This transaction provided £70m of additional liquidity, putting the Eddie Stobart group on a stable footing and providing a platform from which to develop. " DBAY were putting in £55m and current lenders £20 - I read the £70m as being the nett input to ESL after fees etc - hence why I still think DBAY only put in £55m. If they put in more than they said then they should have issued an RNS saying so as it is a material event.
HI, Yes saw that ...that was a proposal only, DBAY put up 70 million in the end as per the RNS dated Wednesday the 26th of February, its well documented Truth Searcher ..
atb
From the 02/12/19 RNS on ESL and also I think issued by DBAY
ummary of Proposed Transaction
· DBAY will inject £55m into the Eddie Stobart group via payment-in-kind loan notes (the "PIK Notes") and will indirectly acquire a 51% stake in Greenwhitestar. Furthermore, DBAY has also negotiated on behalf of the Company a new revolving credit facility of £20m, which together will provide £75m liquidity to the Eddie Stobart group on day one
Link for full article : https://www.lse.co.uk/rns/ESL/update-on-proposal-dzz9xkdi14cixr8.html
I can't find any reference to DBAY putting in only 50 million as you say however I can find 3 sources that say DBAY have put in the 70 million that I had stated earlier.
DBAY Advisors have injected £70 million (at a valuation of 32p) into Eddie Stobart Logistics prior to the shares being unlocked. This was via one of its funds, DouglasBay Capital III, which bought a 51% stake in Greenwhitestar Acquisitions, which is the holding company for Eddie Stobart. Based in the Isle of Man, DBAY had previously owned Eddie Stobart between 2014 and 2017.
atb