Member Info for Metamorphosis84

." Metamorphosis84 you are not enough bright to see this?"
I said it first, get some new material! Btw your cleaner joke the other day was mildly amusing

They think Mike Ashley will spring a bid for the shares at 5p. Either that or they just aren't very bright. Or both.

To add to that, II's still owned shares in IRV the day they went under (notably Standard Life and Farringdon).
Ditto Carillion and many others.

Hopefully this will create another buying opportunity!

So what is the purpose of doing it as pre pack as opposed to just administration?

Daniel, so MA's chances of picking up Debenhams through pre pack are reduced?

I thought with pre-pack, it was pre determined who gets the assets?

Daniel, you're thoughts on pre-pack please. With Irv it the assets went to the lenders, much to Coltranes distaste, they were unable to bid for assets.
Would pre pack not be the same scenario for MA/SPD?

"MA offer was that this scheme neede to be terminated "
What offer? Oh you mean the demand made before they will "consider" a "possible" offer.

Judge, if he was serious about an offer, I think thats what he would have done.
Buy all the voting rights then elect yourself onto the board.

But instead he demanded to be appointed ceo then, well I might think about making a bit.

So what was his game?

It does look similar to FLYBE to be fair

our fate hands in the balance of a multi-billionaire who has a track record of making acquisitions"
Thats supposed to be a positive?!

"now need to decide how to respond to Mike-Ashley’s offer "

What offer?

I think there will enough mugs to keep this supported at around 1.50- for a while today at least.

People jumping ship I would expect

"Equally, if we take the view that he has not made a formal offer yet, do the Board take the view in turn that they cannot consider any offer from him until it is made as a formal offer?"

Wow! The penny has dropped. Congratulations.

"They have a duty to consider this offer."
There is no offer to have a duty to consider

Never mind upping the offer, they need to make an offer.

"If the Board was going to decline the offer, then they would have done so already, "
There is no offer, so nothing

Anyone get spiked?