05-02-2015, 20:43
Yeah, 50%+ a decimal point gets a new board.
If there's one thing King isn't it stupid - he knows he has the shares in hand. No doubt about it.
He may not have the 75% required to issue shares to new investors or dilute current & holdings, but I think that will come when he forms a board. If he drives up the share price why wouldnt the current investors back him?
Once ousted you might just see the Easdales pack up and punt their shares.
He may not have Ashley's billions but I think that King and Co have players a bit of a blinded behind the scenes with their share purchases. Time will tell if the strategy wins, but the tactic has given them a fighting chance of control followed by reassessment of all contracts.
I wonder how many times Ashley has been blind sided in recent years?
If there's one thing King isn't it stupid - he knows he has the shares in hand. No doubt about it.
He may not have the 75% required to issue shares to new investors or dilute current & holdings, but I think that will come when he forms a board. If he drives up the share price why wouldnt the current investors back him?
Once ousted you might just see the Easdales pack up and punt their shares.
He may not have Ashley's billions but I think that King and Co have players a bit of a blinded behind the scenes with their share purchases. Time will tell if the strategy wins, but the tactic has given them a fighting chance of control followed by reassessment of all contracts.
I wonder how many times Ashley has been blind sided in recent years?