Member Info for shamI89

They would want company to raise money before agreeing to this extension.Company needs at least 200 million if not more.

Given that D4E or rights issue are only two possible scenarios here.Sad to see it in this situation.

Interested parties but Sidara had advantage of creating synergies which can unlock value.For any outsider it would have been a hard job turning this around.

It was pleasure talking to you JO,although we did not agree over everything.To be fair you were right about 35 offer, I expected it to be lower than that.As long as we can learn from mistakes,nothing has lost.

I do think if BOD had raised 450 million a year ago,it would have been a recovery play and Siddara would have paid at least double for shares if not more.They left far too many things to chance and when they finally got pushed against wall, they realised that they had run out of options.

And no brainer as alternative outcome would have been zero for shareholders.30p is better than 0.As far as Ice is concerned, I do think he went in heavy around 60 and could not stomach this loss.But after going through his posts I have come to conclusion that he does not understand these things.If this deal was voted down then major shareholders would have taken most of equity by putting in 450 million.

Pyc is a "dog" and laura has been trying to "pump and dump" it for sometime.

Feel sorry for these blokes they thought they could "p&d" it again and again.Sorry to tell you guys you have chosen a wrong share to "p&d".

If Laura was not stuck in Polx, he would have made a guest appearance as well!

That some people mentioned not so long ago?

No brainer as alternative outcome would have been zero return for shareholders.What surprised me was price action as I expected to stay around 26/27 but it drifted lower.It looks like that was ploy by major players to make easy 33% and lessen their loss.As far as Ice is concerned it looks like he has no clue about things when it comes to understanding finances.Lenders and major shareholders were consulted before and after this offer and it looks like both of them have agreed to it as well.Tomorrow would tell but looks like it is a done deal.If this deal is rejected then whoever will pump in £450 million cash would take away most of equity and that would leave private equity holders with next to nothing.

Apart from a brief period of madness where share price rose before delisting (thanks to a p&d crew) share price falls to zero.Market has not enough mug punters who can get suckered into these sort of "p&d".But Laura is persistent and desperate.

Laura got in for a quick trade but got stuck.He would be lucky to get out here unscatched.

Dont think Laura stuck around in Whi for long, the moment he saw 10% he moved on to next share.This one is unique as Laura got in around 0.19 and has been buying these "golden tickets" since then.If it gets delisted shares would be worthless, if it stays listed massive placibg would wipe out shareholders.

Do you believe that he buys these shares?I think he is trying to bs his way out of it.

I feel sorry for Laura as she is 50% down here and may end up losing the lot.

Raising money through heavily discounted placings so no surprise here.It looks like beginning of end as things can only get worst from here.

Problem is if there was another bidder what is stopping him from making a bid for a start.Sidara can create some synergies and that is why it is interested in it.They are effectively paying 1.8 billion as not only they are paying this money and injecting 450 million cash they are taking on debt.Value lies in intangible assets and these assets are hard to value.Company believed their intangible assets were worth 3/5 billion at some point but you cant value these at the mintue.

You clearly dont understand CLNS ICE, these guys would convert their loans into shares and use all sort of tactics to drive the price down.Less price is more shares they get.There is a reason private investers hate clns as it is lile going to pay day loan companies.

As I said vote "No" and we will find out soon.Trx is in similar situation and is trying to raise 5 million through CLNS, icecool our investment guroo thinks that shares would be issued at a premium.