TAKE A LOOK AT LOMBARD MEDICAL - I'M IN 2 IT

hi 2bob

can i put my lil brain round the latest riddle ? gee thanks in advance

your research found that "the loan will become repayable and Lombard will be wound up, resulting in a distribution to all Lombard shareholders net of any expenses and liabilities." - oh dear - any liquidator with any brain at all will immediately call in the unpaid (if only to jack up his % fee)- so the minority will get its share of the share capital to be called up - my case rests....

MORE HERE - not about the riddle - i don't know what other money they raised at the same time as Boston came in - that could muddy (and how) the water

bi bi

ps - what is significant is that there is a hint of liquidation in the original plan - what a scenario - the liquidator calls in the loan and the unalled capital - interesting cash flow consequences and serious governance issues if they are anything but even handed in their treatment of us - makes the unpopular prospect of a dividend only for the minority rather shorter in the odds, don't ya think...

nite nite