Member Info for Metamorphosis84

A predictable response. Whats next? Threaten legal action?

"Is there still a problem as to the level he has to bid."

Yes, he would have to bid at the highest price that he has paid for shares in the last 12 months.

Oh right its like that. What a short memory:

"go post on your actual investments if you have any (same to you Smartie)"

Maybe you should take your own advice, seeing as Deb isn't one of your investments? No?

Thank you. Now, seeing as you now no longer have a position in Deb, are you going to play by your own rules and stop posting here?

Ah we are getting a but closer to acting with respect for fellow posters, thank you for nearly getting my name right.

Cluck cluck, i am pretty sure the BOD will reject MA's proposal as it is unlikely to satisfy the lenders.

So then it comes down to whether the board will get support from existing shareholders by 5pm 28th March. Seeing as they have told shareholders that equity will be reduced to zero, its unlikely they will get the support isn't it?
So administration is looking likely, probably pre pack as this offers the lenders the protection that they will be wanting.

Oh dear don't be such a big baby! Just cos you have lost badly!

Yes the third deal. Well I don't know what will happen there, but my hunch is that it wouldn't get the lenders support. The likelihood is that the lenders are pulling the levers, not the BOD.

Well done SJ its a shame you have retired from the board. There is something about risk takers that I admire.

Pearls you claim to have read the RNS and you say there is no mention of shareholders? Ok I'll bite, here is the bit that mentions shareholders:

"However, certain of these options - if they materialise - would result in no equity value for the company's current shareholders."

See, literally the word shareholders is there to be seen.

Good grief are you unable to read as well?

"I've just read the Consent Solicitation offer in full, it makes no reference to shareholders. "

Is this a wind up?

"What am i missing?"

The ability to read?

Price very volatile- thats because there are schmucks who despite literally being told formally in an RNS that there is no value in this security, continue buying!

Ha ha hardly a grovelling apology! But I'll accept it because I am in such a good mood!

Bang on Daniel. I said it on this board at the start of the week and I'll say it again, there is no helping some people.

The final red flag was the II's selling. Only mugs will have bought after that. More fool them.

Thats 0.25p more than its worth.

"Now, how long before the first "its not fair, shareholders have been shafted" post?"

11 minutes.

The rns spells it out, there is no equity value in this share.

Now, how long before the first "its not fair, shareholders have been shafted" post?

Pearls, I think it is the cost of bidding for equity that puts him off. He would have to bid at 25p? Per share and what would be left over to service the debt?

I lurk on ADVN but don't contribute. There are some hilarious characters over there as well!