new deal, page-11

The restructure is perceived as being bad for ordinary shareholders because they will be suffering massive dilution and loss of control (post-restructure, no matter what happens, MIS investors will hold the majority of the voting shares and so would be able to appoint directors etc.), so many of them are selling out at any price in order to avoid this.

However, this is depressing the shareprice and making the deal appear less attractive to the MIS investors, who also don't like the deal for the reasons listed above.

However, common-sense dictates that this deal simply cannot be both bad for shareholders and bad for MIS investors. Someone has to win and someone has to lose.

As I come from neither camp (I am in GTPGA), I have to say that it appears that the MIS investors are definitely getting the better end of this deal (despite the fact that they will need to pay some tax along the way), but they are blissfully unaware of this fact.

Whatever happens, once all of this uncertainty disappears, the shareprice is going to skyrocket.