Like watching a slow train crash20 Aug 2013 18:10
big gamble here for any buyers. I suspect the gamble is if BT don't come to a deal there will be a short period of relief from the PI's and potentially a rise because if BT buy this and do a deal it is game over for the investors. Will Lloyd's support the company going forward without a buyer? - just cannot see it because the company is effectively bust. The only other prospect for salvation could be an MBI supported by a funder with Lloyd's taking a massive hit but cannot see how that would help the investors because they will do a pre pack and de list. I really thought by now the regulators of the market would have suspended this share but it would appear that I am wrong. Interesting times!!