Member Info for Metamorphosis84

*for clarity the date is 8 April 2019. Today.

"As I understand it, The BOD, having accepted the deal to begin have now put the lenders in the driving seat alongside them. Indeed the £99m tranche will be the end if/when it goes through, which as far as I know could be any time from the close of play today."

You understand it well. From Rns 29th March

"Availability of the second facility is subject to the satisfaction of one of a number of milestones being reached by April 2019.

Cont.

If these milestones are not satisfied the second facility would be available to the group's subsidiaries only upon transfer of those subsidiaries into the ownership of a lender approved entity.

Cont.

it would very likely result in no equity value for the company's current shareholders"

SPD now have about 3 hours to reach those milestones.

"
no....today..I would imagine...the only achievement could be an extension of the deadline ...keep his foot in the door "

I personally think that possibility sailed on RMS Lie Detector

"The right issue and £150m investment option is...I reckon is his way to get around that ...but getting the lenders to tear up £148m is going to take some selling .....

He desperately wants everone to take a haircut...lenders ( £148m), shareholders,landlords ..you name it"

But even that is pre conditioned on him becoming CEO first.
So whats realistically going to happen? Is MA going to drop that precondition- maybe
Or is the Bod going to come out and say, with 4 hours trading before the agreed deal with the lenders becomes due, we have decided after all to give MA the ceo job after all? Hopefully, he'll come up with the cash! Not a cat in hells chance

"Of course MA was never actually considering an offer - he's just been trying to create as much carnage and disruption that he can and wind down the clock. "
Agree with this, I said at the time- why the precondition of being CEO, when he could undergo a takeover and become CEO anyway? That seemed like a rather big clue didn't it.

You will probably find we agree on a lot of things.
As regards legal case, Coltrane threatened IRV of legal action, nothing has come of it.

" other shareholders may be acquiring shares based on this assumption"
I think those shareholders are what some might refer to as "mugs"

" let the BoD and MA sue one another - it doesn't help all the other shareholders does it?"

No it doesn't.

Poker is correct, we have not had any formal offers for Debenhams to consider, just "possible"offers with heavy pre conditions.
I would imagine, if confronted with a legal case citing that "SPD made offers but DEB refused to consider them" - the answer from Debenhams may well be "But you didn't make an offer"

"To now see it falling yet again is hopeless. When is some commonsense going to emerge?"
Is that a question you are asking yourself? Most have already cottoned on to what is going to happen here.

"Does anyone know what is going on?"

Yes, all the people who's opinions you have ignored in favour of your own theories.

"I also stated that MA's attention seeking antics over the weekend were a desperate attempt to put the spotlight on the BOD. "
Pick of the pops has the SPD letter template to the board demanding MA is made Ceo and riding high at number 1, lie detector tests for the Deb BOD!

Has MA got anything more to throw at this?

Hows that 2.24 buy going Faze?

Moses, Gods, is this what it has come to?

"After this evening it's in the hands of the God's."

I wouldn't assign the status of any of these characters involved as Gods!

Is there any news on the lie detector test yet? Ha ha

I agree Nohearts, its great entertainment and MA is a real sport for playing along

Ha ha MA going all Jeremy Kyle with lie detector tests! Thats hilarious

Notice the pre condition about being appointed CEO still applies. Yet another offer that isn't an offer.

"Sadly this place is full of trolls, mug punters and kids who aren't invested and shit stirers wanting panic and chaos." Which one are you?

I agree, Carillion and Interserve both had FCA investigations open for alleged misleading of the market.
Both went out of business before the investigations could be concluded.