WHE Stream Log

Even the non-cynical would read that and find it wanting.....esp given it coincided with shareholder value destruction on a shocking/tragic scale

Cheque? Hopefully the UK brokers don't do that -- how very 1985. Haven't seen my money yet either way mind you....

And yes, I can report capitulation. Lost all hope, optimism or anything remotely related -- equally hold the BoD's in disdain as you do.

Forum is pretty dead, looks like the discussion capitulated also!

My partner took up the issue as in her case the holding was smaller and thus the punt not very significant. I was planning to and called the broker to handle it and it turned out I couldn't exercise - according to my broker my "residential" place of record excluded me from exercising

Always hard to read tea leaves, but today's announcement seemed to indicate to me that odds are in favour of another extension to the HOA negotiation or that it has basically broken down. The statement doesn't seem to portend successful conclusion of the negotiations. Hope I'm reading that wrong, but it feels like a softening before the blow in the way they decided to bolt it onto a rights issue extension announcement

you just won't be able to sell them during the process which is a feature of many rights issues

you would be able to sell them after settlement, which dependent on your brokerage is likely 3 working days

I am likely not taking it up either.....standard protocol in a rights issue is for the price to be an upside premium to where it trades.....in this case, it's par. I'll review closer to of course, but hard to imagine any upside at this stage beyond 1.25 to 1.5p. Hope I'm wrong....

another day, another opportunity for Mgmt and the BoD's to destroy value. They are really gaining steam now...