- Aug 21, 2013
- 52
- 733
I don’t buy this. Forget the funding mechanics - if they want to spend £50m, they can put their hand to £50m.I don't think that is true - it requires a share purchase - which had not taken place at the end of the last fiscal year, and I don't think it has been done since Uncle Joe got done in NY.
We also had reports that the option to purchase more shares expired at the end of the year. It wasn't clear if that was the end of the calendar year or the fiscal year - but either way, it had not taken place by the end of either.