just browsing Agreed. This could be dodgy for GCN holders....

just browsing

Agreed. This could be dodgy for GCN holders.

Interestingly, there are past echos of people and unhappy events in this announcement. Visit

http://tinyurl.com/phkyqe3

Also visit

http://tinyurl.com/l63toh6

then scroll down to the box 'News & Events'. Within that box, scroll down to the entry for 21/09/2010.

I'm not saying this is Centurion's motive, but what if a company realised that its purchase of shares had turned out to be a cunning scheme gone wrong. Solution - get rid of them with another cunning scheme.However in this particular case I can't see what is in it for Centurion. Anybody got any ideas?

I am not going to breach HC terms by offering advice, but what are the options for GCN holders now?

One option is to stick with the devil they know and do nothing - trusting that none of the wind up cases against GCN succeeds.

Second option is to sell GCN while they still can.

A third option is to accept P1 shares - an unlisted company that today's announcement implicitly values at supposedly 10 cents?