Member Info for Deepestblue

Have been laughing as the market has kust gobbled ya money up and the MMS and Brokers are celebrating tonigjt as they wont settle the books gor you - as no need. Free easy cash if the 7AM RNS comes !

Agree but its not 1.8p for no reason is it..

Yell had major issues. Still not great looking at their financials - in decline but slowly banks getting their cash back!

You saw it too?

Unless youn took part in the IPO - you dont really 'own' a thing.

#LieDetectors

Ok lol

https://www.itv.com/news/2019-04-08/debenhams-headed-for-administration-as-mike-ashleys-rescue-bid-rejected/

The expectation now is that Debenhams will be put into some form of pre-packaged administration. The company looks set to file a petition at the High Court, as soon as Tuesday morning.

The Sports Direct owner also bought House of Fraser.
The Sports Direct owner also bought House of Fraser. Credit: PA
The administration plan has been drawn up by FTI and structured in such a way that will affect Debenhams PLC but not the trading company. Put another way, the administration has been designed is such a way that wipes out Mike Ashley and the other shareholders entirely while keeping the business intact.

Under the plan Debenhams would be de-listed from the stock exchange and immediately reborn as a private company, owned by its lenders who have agreed to swap an unspecified amount of the £560m of debt that they are owed for equity.

BOD rejected his wishes to be CEO LOL

Wonder why.

As soon as tomorrow.

You heard it here first! ITV News.

...within weeks.

The BOD want to keep their jobs not be sacked by MA.

So theyll reject his offers imho.

Admin is on the cards imho. D4E swap.


Hope those who cdnt afford to lose all have sold ?

https://www.express.co.uk/news/uk/1111571/Debenhams-closures-which-stores-will-close

Well there is 00.01% chance ...

£83,000 at 15p? What made you think they were a great bet at 15p? You can buy more ? 10 for the price of 1 ! 1.5ps sso 8.3K are you £75,000 down? Oh no :(((( you going to sell and save the last £8K or top up and average down? GL !

Wanna sell up?

Equity is worth zero, BOD often change, some may keep jobs for a bit, and its run for the banks solely to salvage the debt.

Bit like many have done in the past eg Yell etc etc shares worth 0 pence. Company limps on.

*hate not jate

Dyor!

Perhaps time to salvage what you can? Jate seeing people lose their shirt when they cant afford to !

RNS on the Deb site and Deb hasnt updated LOL LOLOLOL

But... i did tell you so.

DYOR.

Gd luck. Hope you dont see it wiped to £0.00K

https://www.bbc.com/news/business-47848474

If his bid turned down - likely to go into admin this week.

Enjoy the ride.