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Surely only a compulsory buy back has to be at face value...

  1. jamwolf
    6,056 Posts.
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    30/05/12
    16:23
    Post #: 10243749
    Surely only a compulsory buy back has to be at face value ?

    Theoretically, they could offer what they like, it's then up to PXUPA holders whether they take it or not.

    In practice, I seriously doubt they could find the cash, or the investor to do this, or that their banks would let them without a serious reduction in bank debt at the same time.

    IMO.
    SRS Price at posting: 7.4¢ Sentiment: None Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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