egm 2

Mr Price is on the record as undertaking due diligence in the UK , returning mid July to decide his next move .

As I see it he has 2 options get on board or sell hos holding and move on

I suspect we will see the former , but that doesnt ensure he will be any more succesful than last time

If the move is to call another EGM what support would he get from Schroeders and Maple brown and Orbis .?

The vote was very close last time and i assume the majority of the sellers from 12c down to 5.5c was Price backers so his numbers are likely to be lower now than in May.

Boon supporters would be happy with the restructure , as it has been completed and the company is on the record as saying the hard yards have been done and they have the capital to press forward to profitability

The share price is poor compared to Pre EGM (about half ) but the board all bought stock bar 1 ,and they have deleivered what they said they would . , and even many of the things price asked for that they said they wouldnt

Even some talk of a part buy back of the PXUPA

IMO Long term holders who voted for Boon have no reason to swap sides .

If Price is to be succesful in getting on board he needs the votes of the 3 major holders or to find new supporters ,buy more stock , or convince those that supported him last time to get back on board.

I support Price and have not sold even bought more at 6ish on the back of the restructure news re selling US .

I expect I am in the majority as the SP reflects sellers are in charge despite when the stock was 12c the short term was very shaky , now the stock is 5.5c the company has sufficient capital to buy time to turn it around to profitabilty again .

Will be an intersting 2-3 weeeks and to see whether the buyers return or not

I suspect if price does get on board the short term SP will rise .

The question i am unsure of and most care about what will the SP be in 12 months if the current board remain and attempt to deliver the strategic plan compareed to what it would be if price got involeved

Any opinions ?

I suspect ST the stock would be 10+ if another EGM was called and higher again if the EGM voted Price in

I suspect it would drop if unsuccesful to sub 6

In 12 months if the current board did deleiver a profit in 2013 well i suspect 10+ would be a bargain

If price led the business and did get t profitable in 12 months , I sense the same 10+ would be a bargain