He is of the opinion that if they announced they were going to delist, then the company would have to be valued as of the specified delist date and therefore given a sp value to shareholders on that date, via the likes of Ernst and Young.
If you are using CFD's, you will be given that specified value at delist.
He said on the other hand if the company just went bust, you would get the full value of 0p!!!
So going bust sounds better to me, although a delist at circa 40p would more than satisfy me!!
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