RE: Drifting SP25 Oct 2018 23:32
Lindon, agreed... My view is that CMEC and GE want the LOC before committing, that in turn has made lenders a bit jittery and so they aren't going to commit to a share price related deal until they believe it will be a better deal than the one they already have. And that won't, on balance, be the case until the letter is delivered. Catch 22, where's Orr! IMHO ETC ETC GLA