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I think that you are spot on. If you dont mind me asking what will your strategy be? I hold 120K @ 1.9p and if they hit 2p before Fridays announcement i will probably sell as i am not sure about the future of these. If they dont hit 2p i will keep them and just see what happens.
i think that from a PI's perspective the only good news that would lift the SP would be a takeover. The de-listing and or loan note conversion are all in favour of the Preference share holders. Big gamble here, so keep your nerve people or sell at a loss its your descision. i for one am staying til the end which will be much clearer once the 11am Friday meeting is concluded.
difficult to say, future is pretty uncertain and could sky rocket or nose dive into oblivion depending on the next tranche of news. If you like a gamble (as I do) then get some. I will average down as much as possible but only what I can afford to loose if it all goes pear shaped