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13,192 Posts.
2697
27/10/09
14:24
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IMO the 'plan' is to drive off existing shareholders who are not:
• directors
• directors friends
• instos
.....and vend the balance of UMC assets, which include cash + all tenements less Railway, into VNS.
Existing shareholders which will be dominated by the above 3 will then receive an in-specie distribution of 1 VNS for 'x' UMC.
This is where the big ripoff of shareholders not in the loop ends.
That is the reason why Wolfie has changed his sentiment to 'sell'. It's a ploy orchestrated by Matt and executed by Wolfie.
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