Member Info for devonplay

I just bought some of the 4.69% 31 Dec 2049 XS1115296631 5.6% YTM.
Doesn't look a busy board, but Hello everyone!

Suspicions have also been raised imo by this article, just read between the lines I'm sure you will spot them.

Is that a copyrighted document you are sharing?

It looks like it was 4 January 2018.

On a seperate note, any ex-Debenhams shareholders here?
- I've seen there's been a couple of mentions of Thomas Cook, Quindell
Rememebr the date they usually publish their Christmas Trading Update?
Cheers

I'll ask around the office.......
You all wearing sweat pants? LOL

"highly illiquid" "wide spread" what could possibly go wrong.
Perfect for newbies.

- correction

"highly illiquid" "wide spread" would could possibly go wrong.
Perfect for newbies.

LOL Great Western Mining company (GWMC)
I guess there will be a lot people rushing there now...I was wondering after Quindell and this one, where next :)

It does allow your to share links:
https://uk.linkedin.com/in/edward-clowes-407698112

Devonplay - they haven’t updated the market on anything -

So the cash could be gone in 10 weeks then...doesn't leave much time does it. If AA pull out I wouldn't be surprised if creditors panic and everything moves forward. 2nd week of February could be it then. 3 and bit weeks...

Truly no matter what has previously been stated we have no idea of the cash burn, so that 31 March may now be
hypocritical
So, I'm right in thinking the last Statement from the Company was 31st March..after that date they may be out of cash. They haven't updated the market with any revision to that working date.

Do you understand poker........

Just remind me, end of March runway?

If another bid does come in though does it mean CF has to take that bid, could he still go along with his buddies at AA?
They have to proceed with the deal that can be done before the company hits the final cash buffer, otherwise it moves out of their hands and in to the hand of the Administrator. This close to running out of cash, carrying on as a "going concern" will be a major factor in deciding which deal to take. AA, are big enough to eat this up without it touching the sides, that suggests they might be the best choice to secure the ongoing business.

"Come on, it doesn't add up"
Confidence..that what it comes down to and thats obviously lacking.
With just a couple of months cash left they've no room for failure, hence the possibility they will recommend an offer if one appears. The alternative being adminisration and the choice of it being orderly or not. A failed attempt, would be the last straw and could possible push admin forward and people demand payment sraight away. Confidence again. The same applies by just offering more and more, that also destroys confidence as creditors smell blood in the water.

"WHAT STOPS BOD FROM DOING THE ABOVE?"
If they couldn't get a debt issue away, what makes you think they could get an equity issue away?
Look at the impact of failing to get a fund raise done, and at this late stage in the cash runway, anything that further dents confidence could be fatal. In a very untidy way. Boards will do everthying they can do in these circumtances to have an ordely transfer into Administration.

"Eels up inside ya."

LOL

For the avoidance of doubt, this an "eal threat"

https://www.youtube.com/watch?v=0AckvdGbk4w

Eels song - The Mighty Boosh - BBC comedy :)

"You are the mole"

You need a lot of those to build a mine shaft, but they do at least work without needing to be paid in cash....

"I think you already know the answer......."
I know what I suspect the answer is going to be, but I just can't fathom/understand that approach.

80% attrition rate