POSSIBLE PREPACK ADMIN COMING..29 Mar 2019 23:15
Debs shareholders, £760m to splash out on debs will be suicidal for MA/SPD. SPD, debs holdings current value is approximately 10m and they have already written off.
Some people on the board are unbelievable, thinking of offer over 5p.
5p possible offer was to first make MA CEO immediately and terminate the refinancing and then he would have given 5p a share.
Now the ball is in MA/SPD court and they know well that debs is fcukedup.
Payback time for the bondholders, if they want to go for admin take it and try fire sale or run the business in current retail environment.
There is no other bidder for debs.
People have to wake up and smell coffee and stop dreaming.
Holders GLA