I think so yep - nothing is easy in this.

I think Delia bought a lot with converted loans during New share issues, and has also bought a lot of the unowned ones too.

Its not black and white at all. If Cullum were to buy in Delia's shares should be purchased at a reduced rate IMO.

When it comes to the crunch and the actual potential parting of cash it aint easy.

Cullum would be even less likely to ever get much of his 20+ million back either.

Posted By: phrankin, Jul 14, 10:56:38