CATALYST MEDIA-THE BACK UP TO 20P THREAD

Morgs - If he has a 12 mth notice period then if he resigns then this shouldn't mean a 12 mth pay out! If he is asked to leave then that is different but the company maintain that he left of his own accord to pursue other interests. Anyway I will recheck as 250k to a company with little cash flow is a lot.
A couple of other thoughts/concerns that I have and wonder if anyway else has any insight:
1. Doing a little a bit of research I see that PD was part of or brokered the recent West Ham sale to the Icelandic group. Perhaps these contacts may provide funding for hom to acquire CMX? h
2. If SIS acquire the Racing Post the method of funding may limit the much anticipated super dividend rumoured to be paid early 2007. Being a private company with non of the agency problems that affect listed companies SIS is free to distribute/invest profits as it sees fit and isn't under pressure to pay dividends to shareholders. How will this affect CMX and its ability to service the debt from Investec? CMX is relying 100% on this dividend to pay down the debt. Could Investec end up owning 22.2% of SIS??

Any insight on these two issues appreciated.