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  1. 28-01-2011, 01:37 PM #1
    Enumerate
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    Quote Originally Posted by minimoke View Post
    So, if existing shareholders want to retain control of their company (assuming they aren't already bond holders) we are going to have to see the SP move to $0.30. So buying now at $0.18 could be worth a punt. Even buying discounted bonds and ordinary shares now might be worth a punt. Trouble is owning x % of not very much may not be a good move.
    The other scenario is:

    Those that don't elect to take up the new deal will simply be paid out in cash (if the company decides it does not want the dilution and acts before the 1st of March to pay those who have not elected to proceed with the new deal).
    Last edited by Enumerate; 28-01-2011 at 01:45 PM. Reason: Clarification of point
    Do not consider my postings as investment advice. I am here to share research and to speculate on what might be. The boundary between fact and conjecture might not always be clear - best to treat all comments as speculation.
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