Member Info for shamI89

Lets see but previous debt to equity swaps have not gone really well for holders and shareholders are heavily diluted in almost every single debt to equity swap.

Has scared the people and in if company goes ahead with it than biggest debt holders who also happen to be biggest shareholders can end up owning the company . A cunning way to get this flagship asset at a very cheap price.

Would be going through this lawsuit and looking for any loopholes.But if at any given point they realise that they have made a mistake they would waste no time.

It is a gamble at this point but what sort of compensation are we looking at if Nano wins this case?

I hope that you get a chance to trade it but options are that hell lot of people are trying to do the same. any trading opportunity has to come before consolidation as once that occurs, it is almost certain to go down.

I would wait for consolidation , however dont think anyone would make any money as this is a lifestyle company placing after placing to pay off salaries and nothing left for shareholders.

Would be carrying out their due diligence and will make an offer. I have got a feeling that Dr Shetty and other two major shareholders had taken loans against their holdings and banks were selling them shares to recover their money. Hopefully Report would be out to confirm the cash level

Hahaha 30% profit, are you mad or what.

However any possible take over would have to be voted through by major shareholders .

Wanted to take the control and now has found out that he had mou which transferred shares to orher two holders.So His holding is no longer 15%, while other share holders has his 9.6%. They should have notified company of this deal but did not.Right now they have been sidelined.

Sounds about right

Cant be far away and it looks like Shetty was contacted and that brought all of this to his attention.Fingers crossed.

Large institutional investors have been using their shareholdings as security to obtain loans and have not told company about it. Company has been taking their word for it and now wants clarification from them.It does not look like it is company's fault and more lilely to be shareholder's fault.

Theory was right somebody knew that two major shareholders took loans against their holdings and tried to take advantage of situation.Shetty was meant to be doing it

Go through an RNS there are two potential bidders, they have not made any offers yet but held several meetings with company.

Has until 9 march to make an offer.So daily mail's story was not fabricated.Good luck all

Bid RNS comming and off we go

Cash position and profit would be confirmed, share buyback and 90 million clearly indicate a strong financial position but lets see.If their cash position is 500 million and ebidta is not overstated then £20 take over offer is cheap. Tomorrow they should announce a take over bid via RNS

I was in flybe and thomas cook, flybe went up from 6 to 20 when they confirmed a take over bid via Rns , thomas cook had some decent rise. Let nmc confirm take over interest and sp will do the talking.

An RNS now we have a name and if they had a meeting then it should be RNSd. Good luck all