Member Info for Visainn

No .. but pissing in the wind and stalling our economy for over two years on Brexit BS has taken its toll

Another institution meets its end

The facts are that Debenhams has failed. It has nothing to do with MA that they failed .. MA was just the circling Wolfe looking to feed off its failure.

Very sorry to all that have lost money here .. and there will be many who have backed the outsider looking for a big win that they needed.

Very sorry also for the Debs employees who many now see the writing on the wall in regards to future store closes by Christmas.

A dark day for British High Streets and a dark day for many on AIM.

1. Not yet done deal as although unlikely this time there is still time for an appeal and we are back in the dark ages.

2. Amount of GAS being produced does not warrant (without more) the production facility

3. Permits for (not fracking) as they say, not yet issued so can’t increase productivity (for now)

Have to migrate to Croatia with laptop and camp on site to beat the crowd on the next RNS (or follow leaky facebook like yesterday)

You were all warned

High court has to decide based on facts on the table.

Fact one ... no offer from SD to buy the shares and he has had a ton of time to do this.

Fact two ... very unusual childish acts of inviting shareholders to write to BOD .. Please Mr Board of Directors Please give up you very well paid jobs that’s pay your mortgage and give the CEO position to MA (who by the way will also fire all of you)

Fact three .. actual offer of £99 million .. with no downside to suppliers, employees (for now) and most importantly in the High Court mind the pension fund.

So High Court will see actual cash to prevent actual closure of Debs against the rants of a would be Viking .

Meant DEB BOD is sitting with debtors

1. They have not drawn down the badly needed 99 million yet as the High Court is not yet open.

2. MA has made it impossible to do a deal as he has cluttered every ‘offer’ with unreasonable conditions.

3. SD is meeting with the debtors (bond holders) probably as we speak

So question is......

Will we open at 8 am. ? And who has the round things we hit in cricket and kick in football to trade this.

Late afternoon action at AST

End of an interesting day

Very sorry for those who stayed in - was a huge gamble that does not appear to have paid off. (Unless you were short)

Lets see if anything left to salvage after it comes out of auction

GL

DEB BOD have rejected MA £150 million - therefore indicates that they HAVE accepted the remaining £99 million from Bond Holders

Could NOT be clearer at this time. The fat lady has sung.

The BOD wish to inform the market that further to the previous RNS the Board have finalised the remaining drawdown of £99 million etc etc

Skinbiotix was testing primarily to see if the product itself was safe (Which it is 100%).

Secondly they were testing on HEALTHY skin and got beneficial results on HEALTHY skin - but the market is for treatment of people with skin conditions - (Eczema etc) which means that IF the product can improve on healthy skin (WHich by nature means it is healthy) then the future is hugely exciting as to what benefits it will bring to a treatment for Eczema.

Drop this morning was failing to appreciate that this was a SUCCESS.

BOD does not necessarily have a way with words

NO .. BOD not interested in him

Yes it may be a war of words.. but that I think is the point here that makes this so volatile is that MA has acted like a spoilt rich kid and has made personal enemies of the BOD who will be personally affected (career wise going on from here) by public accusations.

That affects reason and if the BOD are pissed off enough or MA is pissed off enough then business common sense might just go out the window.

We have to expect the unexpected (like MA begging us to please for him to be made king of the Castle DEBS.

1. Today is the deadline for DEBS to take the remaining 99 million and hand over keys to the debtors. There can be no extension on that .. that is a matter of THAT agreement between the BOD and the deal in raising the total of £200 million (see previous RNS)

2. BUT under LSE rules indicating you are about to make an offer kicks in a 28 day lock in period. (Offer of hit the road). THAT is a LEGAL issue that has nothing to do with the deal closing today 99 million for the assets of Debs to be placed in the hands of bond holders)

3. If Debs BOD take the deal today .. it’s game over for SP .. and THEN MA simply deals with the bond holders who would be the new owners of DEBS .. and buys their debt.

Today is FRAUGHT with danger ... PLEASE ensure you understand the separate issues and that the deadline today is a deadline for the BOD to take the remaining 99 million.

Better than placing i suppose

So.. it’s either massive dilution (150 million of new shares) OR 5p a share offer.

What he has NOT said is what the price per share if issuing new shares would be.. but even if that were at 5p dilution would value current share holders at where we are now give or take

What a rollercoaster this is turning into.

Better than Brexit

50 percent

MA makes offer of 50 above closing ... that’s circa 3p per share.

When he first threw 5p in the ring the first 101 million financing had not yet been added to the weight around Debenhams neck.

Remember it he buys debs, HE keeps all his shares .. and ours ... so he does not have to offer high as any shareholder offered zero or 3 p would bite off MA hand to get it.

But I hope he will be a man of his word and stay at least at 5p as all holding here deserve a reward.

Interesting Monday for sure and typhoon of turbulence in the SP Monday morning if no RNS until after 8AM

GLTA .. have to tell the wife now show was wrong

I decided to get out at 4.29 as my wife said apply common sense.

So I did.

Now I’m even more stressed as convinced that MA can’t take the hit open SD.

Oh well .. for all those that have stayed in I wish you the absolute best luck for Monday.

Enjoying a glass of wine so toast to all the brave or the foolish as Monday will determine.