They’ve obviously been briefed by the club given they released their material at the same time.
Southwell made a pigs ear of explaining the share issue was working last year.
Fundamentally, the choice for shareholders seems simple to me:
A) waive the requirements of the takeover code and allow $6m of debt to be converted into shares; or
B) don’t approve the waiver and force the club to find $12m to repay the $6m debt when it falls due at the start of next year.
There isn’t really a decision to be made, is there?
Posted By: SimonOTBC, Sep 4, 20:54:29
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