Ben Richardson, CEO at SulNOx, confident they can cost-effectively decarbonise commercial shipping. Watch the video here.
Can anyone clarify the below please:
1. "We have also preserved a route for our shareholders to participate in the future of the business, but this requires the support of our major shareholder."
2. The deal will make £101m available for Debenhams to draw down.
But whether Debenhams can get hold of the remaining £99m depends on one of the following options taking place by 8 April.
One is that Sports Direct, or another major shareholder with more than a quarter of the company's shares, makes a firm offer for the retailer, including refinancing Debenhams debt, the department store said.
Alternatively, Sports Direct could drop its attempt to oust all but one of the Debenhams board, and either agree to underwrite a rights issue or provide funding on terms agreed by Debenhams' lenders.
If neither of these happen, Debenhams said the remaining funds would be made available only when the company's lenders take over the business, but added this "would very likely result in no equity value for the company's current shareholders".
Pearls: Did they specifically mention shareholders?
He's obviously serious but intentions don't count here.
Not sure why he's sitting and complaining, you go for what you want or not, you're dealing with people who you want sacked and expect them not to fight back. Since when was there justice in the world.
His offer of £150m was a good move but that 5p thing was just too arrogant for a man dealing with people who detest him. He just might be losing the plot unless this is part of the game. But with a team that can't put in a notice properly I worry for him. Even billionaires get it wrong sometimes.
MA is sounding frustrated and defeated. Am starting to think he won't fight this with money but court.
With no positive info out the price is still impressive at 1640hrs. Is just gamblers holding it up or are there people who know stuff?
This is really getting very tense. Need some Peronis to calm down.
Does anyone know if MA has sold or is selling?
Does MA have a right of first refusal if it goes to admin?
Might there be other contenders for a cheap valuable company?
Is there a chance he may not get it?
I think the answers to the above may help us guess what he is thinking.
Your thoughts guys
I think we all have our interpretations which may be right or wrong. The only facts now seem to be that:
1. BoD will move ahead where there is no offer to consider.
2. There is no offer to consider as of now.
3. This is a gamble and most people inside know the score. While doom is a likely outcome, the opposite is desirable.
The clock ticks.
The problem is he's dangling it not offering it.
Will need more precise coordinates and timing. Weekends won't work for me
Good old Amber nectar, anytime.
Say when and where.
I wonder if this 5p dangle is a smoke screen of some sort.
Both then but short is prefereable.
Daniel: IF you had to bet, which penny share would it be? Now i said IF so don't start lecturing how you never bet.
Makes one wonder how many other crazy things they signed up to. Well, no retreat, no surrender now for me. Clearly MA has seen their books and still want this. A bit worrying that no one else wants them though. Where are all the Chinese that love prestige companies.
What?? Break Clause or lease expiration? These are two different things. Why would anyone sign up never to leave a property for that long?