FOSUN have bought up a buch of the shares and will be fronting the proposed £750m recap.
The deal will most likely neeed SH approval as there will be 'significant' dilution of SH. Some of these deal don't get through as SH approval does not occur (gets voted down) ... but with FOSUN having c. 18% of stock isued - it'll likley get through.
Now ... shorts will likely be closing over the next wee bit (look at the big trades there yesterday - likely a lot of shorts starting to close)
Considerin the above - there will likely be a few 'dead cat bounces' over the next wee bit ...
Could be profitable ... but very risky.
Not for the feint hearted.
Anyone posting there that 5p is good value - needs there heed looking at IMO :-))
two folks could 'share a locust' thats been deep fried ... heard there quite tasty and protein rich .. 'save the planet - eat locusts' ... could serve as tooth picks also lol :-))
Will be defending our win from last year later ... 4 ball better ball 90% of h/c ... mind you getting 52 points again is almost impossible - its a one in five year event lol (and we've 9 shots less than last year)