POG

forwood   19 Dec'14

was out his pm - just as well. I sold yesterday as I thought there might be shenanigans today. Had buy orders in at 6.6 - thankfully triggered lower but this is a dreadful loss of value. 70% gone since the beginning of the month. Completely unjustified, but there you are, that's the sodding market for you. Will be skiing next week, so wish you all as happy a Christmas as you can have.


crl123  23 Dec'14 LSE
This is a hard question.
The amount that you hold will be diluted by 15 times overnight if you do not buy any rights issue shares.
the price will probably be 5p around that time (immediately after rights issue). It could even fall.
Nil paid cash wil be very small and hardly dent your dilution.
You would have to inject new money (but £225,000 or part of is huge) to make any difference.
It is an incredibly bitter pill to be forced to swallow.
I have lost £90,000 by selling as I knew i could not afford the 15-1. It is agony.
Others have lost their own fortunes.
Leaving your money and doing nothing just leaves it worth peanuts.
It is hardly worth selling anything right now at 6p.
It is worth trying to understand your options now.

Relying on nil-rights shares will give you just a scratch in the paintwork.

If you decide to reject the offer , it is voicing your dismay at theft.

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you have spent £6o,ooo on a share asking you for £225,000 just to stay where you are.
Can you afford this?
It is outright abuse.
they can offer a better deal.
one can never know if one says yes that's ok.
Admin would noy be their preferred choice.