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VOG 2005 New Thread

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kdwilson - Mon, 19 Dec 05 :

just to put an end to all this silly chat about 'plan' and 'proposed' etc. What happens is that the broker collects firm orders from the institutions that wanted to participate. Hence they know the firm level of committment giving the total raised and the specific number of shares to be issued, as detailed in the statement. Once the shares are admitted on 29th December it is no longer proposed and becomes fact. Simple as that. Only a revolt from shareholders resulting in an EGM can stop this....so unless there is a massive uproar from shareholders upset about the fact that the company now has a load of cash to see its shareholder value creation plans through to fruition, end of!


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