RE: Time to call for an EGM?8 Feb 2023 08:19
Sadly I feel the time has gone for that, it should have been challenged in court, the first Judge even referenced it had to be fair for all, including us, now if the big boys and girls didn't try then, there must be a good reason. Our backs are against the wall now and even if it was 'successful' my bet is they wont say we'll reduce from 95% to 50% they'll use the 19-1 version and reduce that to 10-1, sounds good but not a massive difference. As Scotcha says with TS we wont be diluted 'as much' and the FCA wont want that too high, equally neither will the business as it makes the case for attracting new money harder.
Its carp I know, shareholders are being penalised for the benefit previous shareholders got but we are where we are and have to make the best of it, so its TS and add as much fresh cash as you can in RI. My holding is going to be worth less that 10% of what I put in, why would I not put at least that 10% value in at RI?