Going private.14 Sep 2017 06:57
Only 4 trading days to go as any 'offer' recedes into the background W imo is more than happy with his current position. He will have probably upped his stake in the Ords and most likely owns most of the CPS which likely has had a poor reception / take up from pis. I guess our remaining 4 iis have mopped up
those (+ warrants)? What % of the huge vols traded since the crash has ended up with pis I don't know and more to the point will there be a rush for the exits on the 19th? If anyone is interested in taking on Sphere, today would be a good day to show ones hand. I think it's highly unlikely and W wouldn't be interested at the prices being discussed here and elsewhere. So returning to the private sector looks a certainty now. That should in no way effect the running of the Co even if W retains the current board. I hear redundancies have already happened to some of the staff so would expect reductions higher up especially salary wise! We of course will have no say in any matter from the 19th onwards....not that we ever did, so no change there! Shame they did not pull the plug at the EGM, the last wretched squeezing of the life blood out of the Co being orchestrated is not a pretty sight.