Assuming that KS can secure about another 10% and that he has the support and backing of RM & LM then a combined JV full takeover offer of CMJ will leave JP with no room to move.
Thats why IMO he's doing a 10% buyback because he knows that it crucial whoever secures that 10% will effectively gain control of CMJ and the others will remain effectively minority stakeholders.
Their(KS,RM & LM) timing is perfect IMO,JP under some financial pressure due to certain business interests not performing as well as expected (or even getting off the ground),the GFC,his move away from the main stream media (that the late KP had built up over many years) because the media today doesn't hold the same affiliation as it once did,its a reminder of the past and not of the future (for him)and nor the trends on the media landscape that will shape our lives forever,KS,RM & LM know this and they all have the vision and the combined financial backing which will make this full takeover a fate de completee.
JP needs to decide if he can pull off another reverse takeover down the track like KP did to AB or will he be willing to put the ego to one side, cash in his chips and move on with life.
You got to know when to hold em, know when to fold em, Know when to walk away and know when to run. You never count your money when youre sittin at the table. Therell be time enough for countin when the dealins done.
Now evry gambler knows that the secret to survivin Is knowin what to throw away and knowing what to keep. cause evry hands a winner and evry hands a loser, And the best that you can hope for is to die in your sleep.
So when hed finished speakin, he turned back towards the window, Crushed out his cigarette and faded off to sleep. And somewhere in the darkness the gambler, he broke even. But in his final words I found an ace that I could keep.
You got to know when to hold em, know when to fold em, Know when to walk away and know when to run. You never count your money when youre sittin at the table. Therell be time enough for countin when the dealins done.
You got to know when to hold em, know when to fold em, Know when to walk away and know when to run. You never count you r money when youre sittin at the table. Therell be time enough for countin when the dealins done.
CMJ Price at posting:
$3.24 Sentiment: None Disclosure: Not Held
