Member Info for Jaxonsax

Cathal holds 7.4%

As I understand it a scheme of arrangement requires 75% majority. Given the dramatic fall and the high level of PI holdings surely there will be a large vote against the deal. Will it hit the 75%?

To my mind there are two options - renegotiate the deal or scrap it

I agree cashintime. I can understand the CVR from the HOOK perspective but then we should have one for POLB001 and then whats the point of the merger if we each keep our own benefits???

I cant see the benefits of this deal to POLB holders. It feels like Cathal is so desperate to get a Nasdaq listing that he has agreed to anything to achieve that.

The illustrative share issue at $2.81 would seem unlikely given the reaction yesterday and HOOK at $2.00 so the dilution to existing holders will be even greater.

What am I missing?

It wouldnt be a surprise if Messrs Friel, Kelly et al are part of the fundraise to counterbalance their dilution

Looks to me like a process of getting all the ducks in a row prior to final signing early in the New Year.

0.55 is a good price - back the truck up and load up

Just reading that Marc Allera is leaving his role as Head of Consumer Division at BT early next year and already has links with CVC.

octo***** must have some fairly charred fingers

I got mine via HL but seems to be minus 30%

As long as the seller is not Slater I will keep buying and ive been here since 2007 and never been so excited about future prospects

Im very happy with the seller. Hope they keep going and driving the price down further - making me and my family very wealthy in due course. Back up the truck

Sorry i mean if the listing is cancelled not the shares cancelled.

Can they post an announcement if shares have been cancelled? I dont think they can

Potential offer 1140p

The 50 day MA is 7.50 and every time its fell below that in the last 2 years there has been a significant further fall

Doesnt stop them taxing it to death though does it

Looking interesting. Lets hope its a fair fight and not a growthpoint stitch up

Could also explain why Lawrence jumped ship

Thanks. I was thinking around 9% too for me to be interested in rolling over.

What rate would make you extend? and for how long?

Agreed. To have no mention of the bond refi in the annouuncement is ridiculous.

The whole process has been incredibly badly managed.

Its hard to believe they would pay a 5% divi if there wasnt a plan but with this lot in charge nothing would surprise me.

Im amazed the lenders are allowing a 20% pa divi with the LTV at 55%. Hopefully they know something we dont