problems reported at morecambe bay, page-7

Londoner

I don't disagree, problem is mud sticks and govt types are notorious for avoiding bad press (and the uk would be on the top of my list at the moment).

In Australia we have had a few (ERG for one) where bed press or contract disagreements, even where it is obvious the Govt is very very wrong. The IT folk always get the hit!

So if i was a holder i would be very concerned about this, then you need to consider the effect this will have internally on mgt, who by all accounts struggle in the best of times.

I would like one clarification on the debt for equity deal, what happens if the SP goes down some more and ya global buy however many millions of dollars worth that ends up being say 25% of issues capital. Wouldn't that contravene the 10% limit rule of issuing capital without a shareholder vote?????