RE: Rights ratio is irrelevant11 Mar 2016 17:58
"what other change is there?"
Ah, if only life were so simple.
Perception has changed for one thing. Shareholders (or at least small shareholders) thought one thing yesterday and for months before that. Now management have finally admitted just how bad the situation is and so the value of the brand has suffered and this has been, is being and will be reflected in the share price.
I was a holder for quite some time believing the story that all that stock really was worth what SGI told me it was. I held on for far too long but am now glad I got out at 41p for a BIG loss.