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@ex, I agree with Parm, we dont care what the ownership structure or who owns what, Yes it appears us PI's are holding the business up, and yes thats we what do as investors, invest our money to a start up business so they can grow and flourish, Ok so some dealongs have gone on to get this business off the ground and I'm fine with that too, none of this means catergorically that AZ or SYE is a scam, WE ALL believe in AZ and his plan, and we all believe he will will excel and we will all be rewarded for our investemnts.
GLA LTH
From the Nex RNS
Further to its announcement on 17 November 2020, National Express Group PLC announces that it has launched and successfully priced a £500 million 4.250% hybrid instrument, with an order book from investors approximately 8x oversubscribed. The Reg S GBP PerpNC5.25 hybrid has been rated Ba1 by Moody's and BB+ by Fitch (with 50% equity credit from both).
The net proceeds of the offering will be used to partly refinance existing debt. The hybrid instrument (accounted for as 100% equity under IFRS) reinforces the Group's balance sheet strength, creates significantly more gearing and interest cover covenant headroom, supports the Group's investment grade credit rating and provides ongoing financial flexibility to position the business strongly through 2021 and beyond.
The offering will accelerate a reduction in gearing towards the Group's target range of 1.5-2.0x. Both Moody's and Fitch have reaffirmed the Group's investment grade credit rating including consideration for the issuance of the hybrid instrument.
BNP Paribas and BofA Securities are joint structuring agents and BNP Paribas, BofA Securities, MUFG and Santander Corporate & Investment Banking are active bookrunners.
Expecting or hoping ?
@Sivianio, why exactly are you bricking it right now?
If you have sold up then you have nothing to lose.
I suspect an ulterior motive,
perhaps you havent sole and you are heavily invested, way in over your head, thats why your brivking it.
I think you invested the £200k that cant afford to lose and are down £40k and are now ****ting your britches it wont go back up.
All this pantomine to settle your own conscience,
Tell you what, put a short bet on to cover your own position
Ceriso is inside Eurofinleading
https://www.ceresioinvestors.com/en/societa/belgrave-capital-management.html