the annual report stated both GPG and a holder of a further 5% were for the 10c deal,at the same time this hedge fund that now owns around 13% announced it had just got 5%.
so i suspect that's 33% tied up for it before the vote.
That funds still buying VOTES----ooooops i mean shares at up to 9.2 cents by the look of it
pity i don't have a few million spare to buy some more votes myself.
But i'm still of the belief they need something like 75% of the vote,so figure my NO VOTE IS WORTH 3 of their yes votes.
Hence the need to buy more votes----oooops shares.
MAYBE JUST BEFORE THE VOTE-- MY VOTES ---ooops SHARES will be worth around 15c per share to make sure they have enough.It might be the same for yours as well.
Still the deal might be a bit harder after the 6 month report,no matter how they play it down,customers are paying more and gas costs are passing increasingly thru to them and no doubt the cash flow is still in excess of the interest payments.That alters even the companys own values on their CGU (cash generation units) up.
Then again,it might be an exceptional 6 months and management might find some heart-who knows.
Still can't help feeling i'm in a legal stick up here.Hope they don't see my wedding ring,or the $5 in my shoe
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