Muss, indeed this is the lesser of two evils (better than liquidation), I agree, but it is NOT a good outcome. This is a very BAD outcome for shareholders only marginally better than liquidation.
The better result for shareholders was for the Pinder proposal to have got up, but as you say, there was only one proposal ready on the day.
Sadly Muss, we are all in the same boat as SH and will have to just sit back and hope for the best. The shares are not worth the paper they are printed on now, we cant trade them anyway and the prospect of the company being that successful to increase our value 20 times over just so we can get back to where we started from is a pipedream.
Oh well, high risk investment.... roll with the punches.
I have a funny fealing we have not heard the end of it yet. IMHO I have a bad feeling about ASOF. Time will tell.
outcome of creditors meeting, page-22
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