RE: To buy TCG.......31 Jul 2019 17:00
illbetabuck, you are jumping very important legal and business step.
You could still get major shareholders to oppose the deal.
Until administrators are called, there is strictly speaking no requirement to do whatever the creditors say - you could have broken a loan agreement, but then creditors would have to go the extra step and sue, etc. It's not automatic.
So you purchase equity have more control in the way the company is run, especially if you think it's not about to go under administration yet.
And from a more practical PoV, would a successful businessman jeopardise several millions £££ of his personal fortune if he thought the value of his investment would be massively reduced?!?!