Some of us hold shares and voted for the rto but don’t wish to join the group. Simply I don’t see any point in myself joining any group as I’m of the opinion that we should have voted the deal they put to us through. I’m in agreement that it was poor very poor indeed and nowhere near what I hoped for or expected but as investors and traders sometimes you get it wrong … this was one of those times.
This is all assuming that this is what they are thinking and none of us have any idea! There are quite literally so so so many different ways this could go including admin which is although still possible only one of the many outcomes. Like I said earlier I’m inclined to lean towards there being a deal to be done.
“ Under a cash-settled equity swap, two parties enter into an agreement that seeks to replicate the positions of a long and a short investor in a particular stock. ... derivatives transaction) often holds the underlying securities as a hedge against its short position.”
Yep still truckin scrambler! There’s deffo a deal here to be done …. Weather it gets done or not is a different matter! I’m leaning towards it getting done with some kind of dilution but from a higher SP and although generally dilution is a word that gets shareholders reaching for a stiff drink or running for the hills you have to put it in context. Amigo will at least be on a firmer footing then. If I had to guess and it’s only a guess I’d say I’m expecting it to drift a little lower but when (if) we get the kind of news we hope for it will move back up. It is however a little concerning that we haven’t heard a bit more from the board …. It’s risky that’s for sure but it’s all about risk/reward tolerance now!