NMC11 Apr 2020 12:21
Maybe I’m blinded by my huge investment, these are things Im considering
1. This is not like Debenhams the business is not closing parts of the business or liquadating
2. The administrators are global financial experts and have emphasised the business is the most important not creditors. Im sure they’re aware of the Freeh findings
3. The bank did not trust the company to sort out the debts
4. Obvious corruption but companies can not just lie to shareholders as otherwise everyone would do it
The worry
1. The administrators will pay off the banks and shareholders wiped out
2. A new buyer will be found on the cheap with shareholders wiped out
3. How do they get 4.4 billion back
4. The Directors will play numb but they cannot just get away with it
The likes of Shetty and other major shareholders will fight this, it went from £9.38 to £0 overnight due to corruption. The likes of Enron, Marconi, Afren, Debenhams went bust from under 20p