Member Info for Cranleigh

I must confess I'm not keen on deep-discount private deals with existing shareholders...unless we all get a chance to participate! We may need the funds for working capital, but this is enforced dilution....

Far from concerned Fred, and to explain my appearing to be quick off the mark I’m 5 hours behind UK time at present, spending some of the money SXX didn’t make for us!

Hopeful for great things here ... a lot of news in the coming weeks I would think. Post ahead!!!

Welcome here, Fred - home to me and some other fellow (ex)SXX folk

Not advice but....I have now, with considerable reluctance, sold the remainder of my holding.

Many can perhaps afford, either because they are very rich with a small % of their net worth in SXX or because they have only a small SXX holding, to express their anger through rejecting the AAL bid at the Court stage, where the number of holders voting is key.

I believe the result of rejection of the bid is most likely to be immediate administration and subsequent loss of all value for shareholders. I also believe the likelihood of a raised bid or a competing bid is too low to hang on for that possible upside.

With a large holding (until today) I simply cannot afford to have others cut off their noses to spite my face.

Good luck whatever you decide. I enjoyed the adventure, though certainly not the huge loss.

Sheps, thanks for your input over the years, including this rational post. Best wishes.

MCB55, for all our sakes please don’t admire my confidence - I used to be confident of the prospects of SXX!

My buy. No insider info!!

5.9p says this isn’t over and Mr Market expects some competing interest...

One RNS relates to the new Convertibles issued under Stage 2 and repaid to holders following the failure to sell the $500m of straight bonds. Unsurprisingly, none of the holders had converted their bonds.

The other RNS relates to to the old or original Convertibles and, surprisingly given share prices over H2 2019, suggests that some 19 bonds or so were converted during the period. I can’t calculate the exact number of bonds concerned, as presumably the original conversion price of $0.3076 was required to be adjusted following the announcement of Stage 2.

Couldn’t agree more, Yellow. Which is why I have just reported his/her disruptive behaviour. Report this post and tell Admin you agree (if you do!).

"it needs countering"
I think you can rest in the knowledge you have done that - countless times, to the point of virtually monopolising this board by repetitively stating the bleeding obvious.
What New Year resolution can you think of - stop it?

"Deeper than that". I tend to agree, Scotman.
I'd add 2 other possible explanations:
1. Personality disorder
2. Trying to help SXX's competitors for whatever reason

And his automotive response is B****y Miserable Whinging

All the more reason to use your time productively - tempus fugit!

Anyhow, roll on Spring in Witham!

Nor, it seems, can you choose how best to spend your time productively

Furthermore, those ignorami that can't spell "ignoramus".....glasshouses...stones

I did similarly, Sheps - too much negative dross.

The comprehensive update today contains many positives, and followed by a very confident conference call, may turn the tide.

But I sure hope they are going to push the various negotiations to a firm agreement before the cash runs too low and our bargaining position erodes to match!

Did anyone here attend yesterday's Council meeting, which was due to be open to the public?

If so, I and I'm sure others would be interested and grateful to hear your feedback - eg who presented, content, tone, reaction of councillors...

I looked through yesterday's posts but didn't see anything.

Not so complicated, reckless.

Strategic review = identify and evaluate potential options for the way forward and choose preferred route, second choice etc.
Execute = (in this case) conduct appropriate negotiations with third parties around the key options (financing, partnership etc), preferably this time (unlike with JPM) in parallel without closing any off....until an acceptable solution is agreed and contracts signed. Meanwhile continue construction of critical path items on the reduced programme already identified.

Some date in 2020, I heard?!