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........Illuminasty number, often publicised before a thorough investor shafting. Chemtrails shot JFK too. Uncanny and makes perfect sense.

.......I can't see MA wanting to risk anything here now. MA would like to run the company, but that's it. He doesn't want to pay for the privilege, which is what he needs to do if he wants anything to do with DEBS now. The current board are not going to just let MA just waltz in and push them out through sheer respect for his general audacity and fat head.

The truth of the matter is that the board hold all the aces and the last loan agreement they just signed has pretty much made it unlikely MA will want to risk any reasonable amount of his own money here now.

Andrew Tinkler bought a huge chunk in FLYB before it went to the wall too. Someone earning as much as MA or AT can just write it off as a loss when he's they're filling in their tax returns.

The BOD don't want MA running the company though do they? So what can he possibly do to get what he wants?

People are talking like MA is running this company currently and that his offer is official. Just like over on FLYB, the BOD aren't interested in any other bids, they've already made their minds up and settled on what is most lucrative for themselves and the creditors. Just the same as FLYB.

There were several parties over at FLYB offering prices up to 6p when the shares were trading at 1.5p. The BOD got their way in the end though and snubbed all the offers in favour of shafting investors.

You have just one bidder here and that's MA offering 5p. Still can't see anything different here, only that the terms appear to be worse and the upside much worse should a gamble here pay off by some miracle.

No, the official position of the BOD over at FLYB was 1p. The official position of the BOD here is 0p. So you're right in one sense that it's different, just not for the better.

If all the stores were trading profitably then DEBS wouldn't be where it is now would it?

As far as this being the same as FLYB goes I can see know difference insofar as the BOD hold all the cards. MA can do nothing without putting some SERIOUS money up. The current approach he is taking is the least costly to him and a bit of a desperate last ditch plea to anyone and everyone who could be listening to make him CEO.

The question is, why would the current BOD who have already come up with a lucrative deal for themselves and the creditors do what MA wants? Just like Tinkler over at FLYB I can't see how MA will get his way here. The only way he can do it is if he digs deep in his own pocket, and given MA is no doubt as tight as a ducks ar*e it just won't happen IMO.

I'm not sure of the point you're making camelot. That's exactly what I said. Businessmen are cold blooded creatures. A lot of people here and everywhere else seem to be the ones convinced otherwise.

"A vibrant capital structure". Well it certainly has that, lol.

FLYB had solid assets too, coupled with a shed load of debt. Again, I'd like to know what's different.

The FLYB situation set something of a precedent and I feel investors should take heed.

If MA is given any sort of choice by the current BOD between putting in a bid, or lining his own pockets while helping wipe all other shareholders out, there's no doubt in my mind he'll choose the latter. MA is probably the last guy you'd want as your saviour in this situation.

Well what's different?

.......This is just like FLYB. MA can't do anything without the current board agreeing to it. The only other way he could take control of this would be through buying more and crossing the threshold, after which he would be required to pay upwards of 20p, which he obviously won't do because he at least some sort of brain in his fat head.

The BOD here are working against shareholders here just like over on FLYB and we all know how that ended. Risk/Reward is pretty poor here given it is far more likely this will go the way the creditors want, and even if by some miracle it goes MA's way the upside from here is only 100% at most. Even money odds on a 10/1 shot at best.

I don't think there'll be that many people lining up to outbid MA here given the state of the company. As far as other options go, they already have one, it's the option favoured by the board where all shareholders get wiped out.

As far as I can tell MA needs to pull something miraculous out of the bag to get the upper hand here.

We'll probably slide a bit more tomorrow on that news, but hopefully we have something decent to talk about soon.

I must confess, I though the fund would have slowed up by now or stopped, but their selling and converting still seems pretty relentless. I just wish I knew how much longer they had to go.

Is anyone else having trouble with the site?

........."Cash flow focused business model with pre-identified contracts, an identified path to profitability and exceptional growth prospects"

Boom time baby.

We definitely deserve to pat ourselves on the back for reading this situation correctly.

I second those congratulations to all the people who had the will and clarity of mind to hold onto their shares over the past few weeks. They should be very handsomely rewarded today and the rest of this week.

Enter a prik with seven posts to his name to give us all advice. Good luck with your short position today. We should all take bets on when you get the next margin call.

............This is proof that Sefton is moving things along at warp speed now to get company back on the right track. Not even a month and we have a new direction and all the talent from Unilad coming aboard to make this company into a highly profitable prospect.

Obviously Sefton waited until today to release that news because he knew the conversion price is going up today. Massive rise coming today on this awesome news and I'm pleased for everyone who kept the faith. As I said last week, the only way is up from the .40p level because this is the absolute bottom now.