[El Car]

Any merit or validity in this?

https://johnjamessite.wordpress.com/2015...ning-plan/

or has this "contributer" to the debate already been discredited ?

Genuine question

I don't really get what the 'cunning plan' part is insofar as the blog is insinuating. King's shares will be worth more or less the amount of money he's invested for them unless there's some sort of significant share price movement beyond the dilution that would occur from any allotment. The only effect of resolutions 9 & 10 is that shares can be bought for cash or in exchange for debt, which has always been the stated plan. In the event of a rights issue Ashley would have to put more money in to the company or see his own shareholding %age decrease.