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Why the panic guys?
Nothing has changed, there's just been delays. I think MA wants to put in a low bid which explains his delay, knowing it will slide and people will be happy to accept anything to nothing. This may have been a gamble as he didn't know if anyone else would bid in that period but how many people are really going to bid for a company this debt laden.
I don't see any reason why he wouldn't bid, having already offered £150M and 5p. He can reconfigure this to be a 1-3p bid and £xxxm in refinancing unless he wants to be generous to SH. That said some news may come out midway to spike the price and let some people off. That we must watch out for although its getting quite late for that.
I am riding this out personally and only giving my opinion.
Either way we need closure. the torture now seems everlasting.
When are we going to be put out of this misery?
In hindsight quick in and outs would have been more profitable and assured here. But hindsight is fantasy isn't it.
MA is facing the dilemma of throwing in good money to recover bad or let bad go? Not an easy decision as this is in the hundreds of millions.
Pearls: Good to see you're still on board. Wonder what happened to Smartie2
I wonder if he's taking his time or still at a loss as to what to do.
Auson.
Thanks. What am trying to say is that I don't see anything in all of that that guarantees or indicates a high bid. I am thinking he will put his money on refinancing and restructuring and this being emphasised on DEBS RNS means he can win irrespective of bid price.
As mentioned, I'm not an expert so looking for any explanation as to why he will bid high apart from having indicated 5p earlier when things were different.
Angela: why don't you stick to issues rather than people. Tell me why you're right, not why am wrong. Do you have any angle to this at all?
By the way am not sure you understood what I wrote.
It's not lost yet but if we get wiped out, he will lose his £100M+. To make sure this does not happen he has to throw in a few more hundreds in this gloomy high street climate. This is the reason why am thinking we're the last people on his mind.
RNS from DEBS just wants a firm offer and refinancing not a HIGH offer. 2p is a firm offer. Also with all that template about sending emails and all one can sense he's trying to get this as cheap as possible. Don't forget he's already made a few decisions that don't look too good.
The biggest problem here seems to be that there are no other contenders. Let's hope for the best.
Guys let Daniel be, we need a balanced board on here. By the way he speaks with the benefit of reason while so many on here speak with sentiments or instincts.
I am invested and want to win but thinking that MA is in a dilemma between throwing in money to save what he lost (which remains a gamble) or letting it go.
As I mentioned earlier also, the emphasis on DEB RNS seem to be on restructuring and refinancing so I don't see why he won't bid 2p and put his money on restructuring and refinancing.
If we can just stick to valid discussions instead of calling names, it 'll help. I am personally not an expert but common sense always sees me through.
It's because the condition of the £200m loan put a lot of emphasis on refinancing not amount of share price. It only said a firm offer. MA can make a firm offer of 2p and load his money on refinancing. SP does not help the company so offering £1 wont help the company heal. Now one may argue that a contender can offer 10p, but can they match MA's refinancing with £1b in his chest?
I really want his offer to be a minimum of 5p but the above worries me. CAn anyone clarify this with facts please.
Thanks Scully, the thing is, share price does not help the company heal as it goes to shareholders. Do you not think MA or another may load money on restructure rather than share price?
Mister P I agree, but was the scenario not different then? That RNS was almost asking MA to provide a restructuring plan and take over. The later seeming more important.
HK: Do I sound like am arguing or seeking knowledge? We can keep calling names on here and messing about or we can reason together. It's a gamble for me and I am prepared to lose but I'll rather win you see. Unfortunately I don't know it all.
Yes, Duster. I think he hasn't been boxed in a corner but has pole position now.
Thanks Scully, but are they not likely to agree seeing that the price will go up with the restructure? Also if his restru ture includes heavy cash injection, will it matter that someone else bids higher?
Guys, reading that RNS from Debs i wonder, is this really all about bid price or restructing as well|, possible more of the later? What stops MA from bidding 2p and showing a great restructure plan plus cash?
Can anyone clarify this please. Apologies if this has been clarified already.
Thanks Meta, but id does seem to mention at the end, No equity for current shareholders and this worries me that it is still being mentioned.
I ask as this was a gamble for me and I am supposed to exit shortly but its starting to look like staying longer term might pay more.
Thanks themuir, I take it the chances of his selling off at some high point and running off is remote right? It would appear we're again at his mercy as if he doesn't act we're all doomed. Is this correct?