RE: Lack of interest in the open offer21 Jun 2023 17:34
Hello Seasick,
I took up all mine and more, so you can call me 'Parrot' now!
All we can do is pray that Gilbey and the Doc had a fallback position because they would surely not not been expecting a full takeup anyway in this market. And you can be sure the two of them know more about the flow than they are telling, so my suspicion is that they have a Plan B rather than throwing in the towel. I can't pretend that it will benefit us, at least in the short term. Would not be surprised if it involves the Bots Pension Fund and possibly a bung or three, followed not too quickly by a recapitalisiation, probably 10 or 20 old for one new. Oh yes, and we will both have to live at least four more years now to make a possible buck or two fout of this. Hopefully the Bots Govt do not nationalise us for nil consideration!!! Definitely calls for much beer!!!