MJM23, someone has already pointed out the difference between a...

MJM23, someone has already pointed out the difference between a shareholder and a creditor/bondholder. it is no coincidence that these chaps, mcgoldrick and maynard, come into play just now. turning down a salary 70m tells the story i already mentioned: they didn't come for coffee. at this time it's hard to say what they exactly want but it's easy to say who will pay for it. assuming that they hedged their bonds via derivatives their main interest now is a low sp going for either a reset ending up with a bunch of "free" shares or setting up some kind of a deal with nc. the problem is: they are in a very good position now. they indeed have him by the balls and anyone who speculates that they just want to scratch them a little might be disappointed.
the upcoming agm should clarify this matter. as a shareholder i would demand a commitment from nc and mt kellett. shareholders should not let nc get away by saying "this will be dealt with after spp"