Member Info for Visainn

If DEBS resolves and BREXIT resolves we can all get back to work

Option A .. Fortune follows the Brave

Option B .. a fool and his money are easily parted

SO - The deal is to loan £200 million of which £101 million is already a done deal.

BUT BY (By does not mean necessarily by the end of) but BY the 8 April, one of two things MUS Y happen:

OPTION 1 - ... Availability of the second facility is subject to the satisfaction of one of a number of milestones being reached by 8 April 2019. These milestones include Sports Direct International plc ("Sports Direct") or another shareholder holding 25% or more of the company shares, entering into an agreement with the company and its lenders covering either (i) a firm and binding offer for the company which includes satisfactory arrangements to refinance the group debt that becomes due and payable on a change of control, and provides the group with sufficient working capital; or (ii) cancellation of the request to convene an EGM of the company, a stabilisation agreement with the company and a commitment by Sports Direct to either underwrite a rights issue by the company or provide funding by way of a subordinated debt instrument on terms agreed with the group's lenders and noteholders.

OPTION 2 - If Above does NOT happen - then transfer of the assets of the company into the hands of the debtors as below.

If these milestones are not satisfied, the second facility would be available to the group's subsidiaries only upon transfer of those subsidiaries into the ownership of a lender-approved entity. This outcome would ensure the stability and continuing trading of the group's operating subsidiaries, with no disruption to the group's business, customers, employees, pension holders, suppliers or operations. However, it would very likely result in no equity value for the company's current shareholders.

In other words - EITHER there is a bid tomorrow (And if there is NO bid by 3PM watch the shareholders run for the woods) OR

Come Monday there IS no shareholder equity left...... (And probably suspend trade)

THERE IS A THIRD OPTION - If DEBS board decided NOT to take the additional £99 million then they COULD hold out for a time extension for an offer from 25% shareholder

Hope that helps - BUT THE DEADLINE IS 100% MONDAY 8 APRIL

YEs but why the rise TODAY ?? the chart has been down for weeks - What has changed TODAY in your opinion

Hi all - Just came on my radar - RNS just saying results due end of April.

Can someone please point me to what I am obviously missing

Cheers

Nothing - Bought some / sold some (Sold slightly lower price than they bought) Same amount bought and sold - No meaning here - but had to report due to regulations

Christmas came early

Just the word CRIMINAL dropped this - but he has only JUST been hired - and how could that have any impact on what Versarian have become.

Big money flowed right in on the drop - Excellent buying dip.

WHY do you want to be right - THAT is the question.

If you NEED the value of your shares right now - and will be unable to pay the rent without it - SELL

If your veins are clogged and cholesterol is up and you are about to have a coronary - SELL

If you are spending ten hours a day reading the SHITE on here - and you are addicted - SELL

If you do not give a shite about losing your holdings as its an affordable gamble and as its all a bit of fun and we might double a flutter here - HOLD for the ride.

Giddy up horsey - and it could ride you all the way to VEGAS

£2.00 plus

To be honest I am expecting more. 200 plus. This is my largest holding between 20 k here and Skin

Great stock to buy anytime in the 70 range as does not stay there long

Let’s see what’s coming tomorrow. Nice action on both Opti and Skin today

A number 3 just went through

Does that mean three RNS on the way

Lol

Morning all

I’m reluctantly now out .. 15% profit

Reasons .. the RNS .. for a multi million pound businessman who presumably is surrounded by advisors to come up with the most pathetic RNS EVER .. I am surprised he did not call a March waving placards in front of Debs in London.

We have all been looking to HIM to rescue the shareholders.. no one was expecting him to effectively ask the shareholders to resort to begging letters.

Now that I am out .. a formal offer will probably come along and if so congrats to those staying in.

Last line to read long lasting implications..

SD likes DEBS. (Just like he liked house of Fraser .. which he owns)

BUT he did not hold circa 30% in house of Fraser before admin WHICH HE DOES HERE.

To lose his 30% investment in debs which I am presuming his average must be what .. 25 p per share .. would firstly hugely damage Sports Direct whose shares will take a flogging, but secondly and more importantly his business reputation would be affected as not pulling off the deal despite being the biggest shareholder in Debs.

There is NO way that he will allow a huge loss .. and there will be at least another formal offer (maybe more)coming that will spike us to or even past 5p

This is not just Debenhams. This is personal, and he will not allow a board of directors to steal a 30 % investment that would have lost no lasting impact on his empire under SD and his business acumen

It already DID once today - so you must have snoozed through that.

All good - now to book Devon for the weekend

If he did not state that he could waive the bond holder decision from his stated terms of offer, then he would be walking away with o loss of the huge stake from SD. Boxed in .. accept what the board has done but keep bid on table

Going to be very interesting weekend and a longgggg spin on that roulette wheel conitinues

Black and white .. despite bond holder agreement this is a waivable pre condition

All to play for

Is it short closing