My modest parcel wouldn't make it worthwhile, sewell64. As I see it, they're quite happy to continue making 'loans' repayable in shares if necessary, to a company that some think is on the verge of going belly-up. Whatever one might think of the Solomon's management style,they 'ain't' stupid.They are drawing fees as directors and solicitors from the company.And 'London to a Brick' their firm is earning fees from general legal business,not just EDE.
So,in my view and certainly if I was in their position,I'd be recycling those fees back into increasing my percentage holding in Eden via the 'holding' company. And I certainly wouldn't be doing that if EDE was going under. And I would regard the low share price as a blessing.
Eventually,two things would happen;[1] I'd get 90% ownership and I'd get the balance for peanuts, or [2] what's in the pipeline and mooted,starts to eventuate and the share price moves up a little.Even if i had to pay anywhere near a fair price for the balance,I'd still get a real bargain.
Then,later I'd have the choice of selling the company on for a great price, or do an IPO and relist. In either case, making a motza.
However,I'm hoping what's in the announcement comes to fruition and the share price moves up to a more rational level.
db
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