what implications for des, page-19

I totally agree with the fact this has to be the time to get the instos on board once the half yearly figures are out – at which time I’m sure we’ll see a road show by Dom & Richard (if the market has settled down by then – which could be the key). Plus the only way an insto can get seriously involved 5-10% of stock (without pushing the stock up to 50cents by buying on market – which we’d all love!) is to do a placement with Destra – which I’m sure was in place when they last went into a trading holt, only to see the market fall of the cliff on that Monday and Tuesday and the insto pulled out! If that happens then Prime will be able to increase their holding to keep it at 19.9% giving Dom some of the cash needed to buy BYI. Me belief is Destra wants the whole company where as Mariner would be prepared to share some of its assets. When the bid failed by mariner for BYI and im sure Dom & co new it would due to the directors large holding and Destra’s 10% (totaling over 50%) it gave Destra a number of months to tie up BYI as mariner could not return to the table having failed in their bid for up to 4-6months – the only issue was Destra failed to raise funds at the time I mentioned above. So lets all hope the figures are a minimum of what we would like!