appleturnsover5 Mar 2013 09:41
don't feel for me - I have taken the II placement shares at 9p and back at 4p. Hedged the 8P to 4p and back with a greater position with a big tranche on the current SP.
Please don't feel for me.
Good luck here - it may well come off eg equity holders awarded 17-20% of the company shares and debt rolled and given a haircut of £1BN for example. and a consolidation.
Not laughing at anyones expense - I stated when I sold here and also stated what I was doing for the reasons - ie a broken business model (at the time) a mega deep recession in SME land worst affecting Spain, USA and UK - just where this org operated.... I use past tense - as it is all the past - and the new guys came in and rectified as much as humanly possible - but the economy is just one thing which is making things more dificult for them than ever. And the burgeoning debt levels.
This is sure an interesting business studies case-study for someone in the future !
PS - not lost a fortune at NEW - far from it - and the next rally north which will come will see my considerable equity stake from 4p gain great ground.
Patience is the key and belief as an oil exploration company is just that - exploring... and they shall seek and find I guarantee it. Ideally with the 360M shares issue or maybe some more.. have you done the basic maths on the upside value on a strike?! .... so far, they have my vote there.
Best wishes to you here.