smell the con?5 Jun 2007 12:25
My guess is that de-listing means our money is burnt,unless they re-list again as Northern Lynx.One point though,how can a PLC suddenly decide on morning to trade as a private company? Does that mean that Vodafone could do the same? I do not think so.My guess is that they will sell the juicy bits to themselves,for the price of a pint and a bag of chips and more than likely seek a listing under a new guise.(Thats the worst case scenario in my estimation) They have a particular asset consisting of a site with planning permission for approx 50 houses which is worth a pretty penny and also the Urban Logic portion must have a realistic value.However,I have no doubt Lazare will pocket most of the receivable cash unless fraud proceedings are instigated,and I would assume ex directors and other major shareholders are in emergency session presently