Originally Posted by
Big Tudor
‘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.
It's a case of ... "cut your losses at 36p per share now" or face a return of 0p per share in a few days. As I've said before in this thread, its a brutal business.