RE: Rumours9 Feb 2017 12:40
Ahh, and I thought you had become more reasonable. I do not claim to be "a savvy trader" although I wouldn't say no to a spike if the RTO was mediocre (worst case) and I got to sell at a profit still. However I am not hoping for a mediocre RTO, I believe the RTO coming here will kick ass, that's why I am invested in PAA.
I've had a chance to read some of your posts, and noticed that one of your main arguments is that to finance an aquisition or an RTO, the company will need to issue more shares, however as per the last AGM, the ability to issue more shares was voted down:
"Parallel Media Group Plc (AIM:PAA), a leading event marketing and media agency, announces that at the Company's Annual General Meeting ("AGM") held earlier today, ordinary resolutions numbered 1 to 3 and special resolution numbered 6 put to shareholders by the board were duly passed. Ordinary resolution 4, being the directors authority to issue shares and special resolution 5, being the disapplication of pre-emption rights, were voted down."
So there goes your main point about dilution. I am sure you will snap back with xyz to defend your argument (why you take so much pride with PAA specifically makes me very suspicious of your intentions here I have to say), and whilst I am all for a balanced argument, I will help you by stating that that vote can be undone through another vote at an EGM for example, however, until that is requested and more light on the possible RTO coming is, I remain invested with the belief that a very favorable outcome awaits shareholders here.