Im surprised this was allowed to happen - do the CR before the audit opinion is made - guess you only want to do it on the back of some good news, so the DOC delay really stuffed things up.
Im surprised this was allowed to happen - do the CR before the audit opinion is made - guess you only want to do it on the back of some good news, so the DOC delay really stuffed things up.
Still a gamble, but worth a punt IMHO.
NTL has always been a gamble but the odds have improved significantly recently with the DOC approval. IMHO the dust will soon clear with the exchanges. Auditors are very cautious with their liability and maintaining their PI insurances - a successful CR will quickly put the concerns to bed and surely some mechanism must be available with the exchanges to allow the CR to proceed.
NTL has always been a gamble but the odds have improved significantly recently with the DOC approval. IMHO the dust will soon clear with the exchanges. Auditors are very cautious with their liability and maintaining their PI insurances - a successful CR will quickly put the concerns to bed and surely some mechanism must be available with the exchanges to allow the CR to proceed.
IMHO this is a chicken and egg situation !
The investors need need a good report from the auditors and the auditors need a C R from investors !!
IMHO this is a chicken and egg situation !
The investors need need a good report from the auditors and the auditors need a C R from investors !!
Agree. The current shareholders can't afford to be chicken and cough up some decent cash to capitalise NTL. And I hope that shareholders don't end up with egg on their face.
The regulators are just doing their job which is to protect the shareholders.
The NTL board need to stop stalling and announce the terms and conditions of the capital raise.
Why were the cap raise documents not released straight after the DOC announcement. Especially since the Board knew that they were sitting on the Auditors report.
Agree. The current shareholders can't afford to be chicken and cough up some decent cash to capitalise NTL. And I hope that shareholders don't end up with egg on their face.
The regulators are just doing their job which is to protect the shareholders.
The NTL board need to stop stalling and announce the terms and conditions of the capital raise.
Why were the cap raise documents not released straight after the DOC announcement. Especially since the Board knew that they were sitting on the Auditors report.
The Board did the right thing delaying the CR until the auditor issues are resolved. Extremely reckless and potentially illegal to do otherwise Toddy.
Originally Posted by whatsup
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