They will sell our shares....They are offering their own rubbish...

They will sell our shares....They are offering their own rubbish in exchange for MEO shares, some holders (albeit a very sparse minority ) are taking them up and swapping their MEO shares for their rubbish...
They will only ever hold 1- 3% of MEO shares , what are they going to do with that, it wont get them on the board, it wont make them be able to influence anything ? No they will be a shareholder now like everyone of us , pity its cot them hundreds of thousands in additional costs to get that way, but that is questions their own holders need to raise with them..
MEO shares will be held by them and show as an Asset on their books, and of course if the MEO price rises as it will, and is.... they will certainly be freely be able to sell them on open market thus making a nice profit from them and raise cash, it is no more than an indirect cash raising, they are diluting their stock for a superior option at this time to what any financier would offer for them ( last 5 pence, now probably 4 pence)
There is no ambiguity here, they are now simply a MEO shareholder, the size will be dependent on how many MEO shares they can get their hands on..
However make no bones either, they most certainly CANNOT force the company to do anything without a majority shareholder approval.
I said it already, a total win win situation fror MEO shareholders..