on subject of the prospectus i guess that your view is a good enough one to indicate that reading it will do nothing to give a feel good factor - as for 149 pages this has to be a reflection of how messy the company has become thro one bit of financial engineering (or is it scrapheap challenge) after another
no - i don't think i will go to the berwins - the relevant bits about the loan in my bb note are extracts from documents - that says enough to know that they do not tell identical stories - and use words in a tad casual way
the bottom line seems to be that it is up to the lom board to ask for repayment - this is give or take the same board as lmt - lmt HAVE THE MONEY so the net effect of the common boards is that if the board of lom demands repayment the board of lmt will have to repay the loan and then ask the board of lom to send it back - oh, i nearly forgot, less the money due to the minorities - 2bob - not much of an incentive is there ?
my view is that the boards of lmt and lom have constructively gone through the demand, send and return loop in respect of 94.6% - the minority settlement does not need to wait until the agm, does it ? unless they have not worked out how - and that is tricky - btw - i don't like the special dividend route so ....
but i would like to be told the dates of creation and signing of the loan agreement..............