Mon Feb 08, 2010 10:10 pm
The interests of PMG and Borley on the one hand are served by a low-price take-over. OK they dont get a big profit on their shares, but their debts, which are, lets face it looking shaky will be covered.
PR on the other hand has only 2 interests in this. Preserving his highly paid post as long as possible. 2 getting the highest price possible for his shares. How does he do this ? Hold on for the best price possible, however long it takes. true he loses out in admin, but he's safe in the knowledge that the others will do everything possible to avoid this.
Thats why I dont think they are a united front.
The other board members (TG aside) , I'm not so sure of , whitley has a lot of shares, but I dont know his motivation, financially he'll probably want the highest price poss, and harris, well as long as PR is still there, he still gets his easy money hand out..
Could this also be why there is a hold up ? Either way, to me it looks like their is a clear split of interest there.
Mon Feb 08, 2010 10:15 pm
for sure there is a split and now it is becoming public