A fait accompli10 Aug 2012 16:23
I did register my 'final' post several days ago, but have come back to see the legitimate fury of investors caught out here. I have become increasingly cynical, and for me, this plan to delist the company and split the shares between the banks and management was hatched with a degree of certainty behind it, that they will have a back-up plan that will result in very much the same outcome even if the plan were voted down at the AGM. When Mr. Rumbles stated a 'significant dilutive share offering...' most people imagined some kind of rights issue, or a Debt for equity swap. This would then be a long term hold for investors. But the managements and banks opted for this route. I think they will get what they want one way or another. There is minimal protection for shareholders out there.