The current predicament of this company is a direct result of it...

The current predicament of this company is a direct result of it being gutted of cash upon the float in 2007 by the private equity mob and the lead managers who took their over the odds bull market fees and replaced the cash with with debt - which was all the go at the time but history has since shown to be a near fatal error.

With the company pretty much held to ransom and needing to repair the balance sheet the same suspects now get another fee lick now which is what S$&*s me. And to top it off the little guy gets bent over again as these shady bastards get another slice by manipulating the share price to gain arbitrage advantage - quite legitimate but all the more galling for holders waiting to see this thing in the green.

Would definitely think twice before getting involved in an IPO again - after all, why would PE sell in the first place if there was more to extract out of it??