It Is Better To Offer No Excuse Than A Bad One

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TRISIDIUM December 21, 2017 at 11:19 Be surprised if the larger part …

Comment on It Is Better To Offer No Excuse Than A Bad One by Giovanni.

TRISIDIUM
December 21, 2017 at 11:19
Be surprised if the larger part of the loans is converted to shares.
Control of a structurally insolvent company lies not in virtually worthless shares, but with the major creditors who will retain control when the shareholders are all stiffed.
Going to happen.

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Whilst I’m loathe to disagree with Trisidium I cannot see ANY part of the loans being converted for the reason he states but why the allotment of shares announcement?

There has to be something going behind the scenes that I cannot deduce. Have they found a mug, sorry buyer, for the shares and the conversion gives the chose few larger slices of the pot of gold? Doubtful I know.

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WOTTPI
SEPTEMBER 13, 2017 at 16:17
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Knowing Mr Mac Giolla Bháin he doesn’t ask questions that he doesn’t already know the answers to. This should get interesting.


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As Roddy Forsyth says in the article “Nevertheless, the force with which his demand was expressed is the sort of signal that can inflame the crazies out there.”


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