Originally Posted by
diffident
The sad fact is the last line of this letter to the Stock Exchange this morning..... Shareholders' value will be significantly diluted. If I was a shareholder, I'd be opposing that.
‘Significantly diluted’ is probably a better bet than totally worthless if they don’t vote for it. What are the shareholders hoping for if they vote against? It is pretty much a guarantee of 0 return on their investment. ‘The value of shares may go down as well as up.’ Seems the banks either don’t read or don’t like the small print.