I am getting in first. I spoke to some American woman journo at AFR but her agenda was to discredit me at any chance and could not comprehend the proposal which was beyond her understanding. My guess is it probably wont see the light of day in the AFR.
I will respond to general sensible comment but will sit back now and watch as Sycamore are given the go,ahead on their most opportunistic deal of 2013.
They have been handed the prize 77% of BB for $300 million and saved another $220 million by not needing to buy anyones shares at their new withdrawn offer of 45 cents. The dilution on their new equity for debt will see the BB share price fall to under 20 cents.
The scenario from now will be to withold all dividends to starve the shareholders into submission...they are not finished with you yet, they will creep to 90% then compulsory acquire the dregs for zilch. Enjoy the ride.
The Board will be voted out and replaced at their will.
It is fun to gaze into the crystal ball every now and then but there are no more lifeboats left.I wont get a lot of pleasure watching this unfold but I tried to,help but I have enough brains to walk away when that help is ridiculed and rejected. Im done. ...............cheerio
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