Well I sold three quarters of my holding this afternoon and have decided to take a wait and see approach. It looks to me as though there is not a lot of cash coming as part of the injectible sale. The loan isn't exactly a bridging one is it and a rate nearly 6% rate above Libor says something about creditworthiness and risk doesn't it?
The £35 million comes on top on iof a debt pile I was already uncomfortable with.
I suspect we will have opportunities to jump on board nearer the time Flutiform is ready for the market and at a time when the risk will be lower.
In the meantime I will concentrate on other stocks.
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