What it boils down to is...if you believe the BoD then you may be happy to buy, if not or doubtful then wait for the prospectus and make your decision on that. You pays your money and takes your choice.
Sonic. 1 billion isn't going to be raised on the market. We are buying 3% of the new company by exchanging our shares and UPSA are buying 97% by exchanging them their shares so no money is needed or changes hands. If more capital is required then new shares will be issued in the new company not in the current AMG and the new company will be backed by assets valued at whatever the CPRs report estimates.
Let Sham keep spouting, I want to buy and I need the likes of Sham to keep the price down. I believe the RTO who thru and so I'm only interested in buying and any who sell will help me do that.
I expect the "news" to be the updated CPR and the Prospectus. Why should there be any bulling up of news? T.he y will not be fussed if Traders are squealing and most holders read what the GM vote was about and what would happen subsequently.
As you say MNFL is debt free and has a short respectable record . Look at the record of DP , his ares of expertise and experience and ask yourself What does he bring to this company that they dont already have and why are they paying him (even in options)? Basically Why do they need him?
The motions yesterday allowed the issuing of shares to pay "historic debts".
These will be the ones from Rolfs time, the failed RTO costs, this RTO costs and the accrued costs of keeping the lights on. So where did you think this money was going to come from?