Only in Ireland could a license be awarded to a company that is negotiating its way out of bankruptcy!
There better be a very very good story why we are raising so much money when we don't need it!
I wonder will we get another update via the Sunday papers!
Phonner, you are correct, you will not be wiped out, your shares will then be worth 11p. The issue that everyone has is that the upside potential is wiped out. With 1b shares the company would need to be worth 1b for shareholders to see 1pound for thier shares, and many, like me, even with averaging down paid a lot more than that per share. if you bought at 14p you would likely see your money back with this deal and maybe some upside.
E100m, so only 3/4 of a billion shares at 10p resulting in circa 85% of the company being owned by new investors. I won't be surprised if it turns out to be mummy or daddy O'Reilly!
Are we all agreed that PVR will trade again and all is not lost?
Then they should have informed us as to Melody's position on loan!
I guess we don;t really know if Melody called the loan or not, as I don;t think there is any obligation to keep us informed while shares are suspended. Sounds to me it's going to be another couple of week till we hear anything - good or bad!