pogofish
Testicle Hairstyle
The move is in fact a huge dilution of existing shareholders' rights. The founders have basically cashed out leaving a huge millstone around the company' future profitability. And walked away with £100m.
From what I'm being told about their AGM at the weekend is that that by 4pm, the attending shareholders would have voted for just about anything except more beer because they were so pissed!
I've had to let the original shareholder here go home for the rest of the day because he's still so obviously suffering an almighty hangover - and he's a big beery lad, well used to a good bucket!