Quote:
Originally Posted by afc wimbledon
Mind you they could proceed in order to precipitate the suit, obviously selling no more than a few bonds, which would then allow a court to rule, which would, assuming the court ruled the sale was legal, enable them to sell the remaining shares.
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I suspect that time pressures are the issue with pursuing that path of action, although it may be possible to win a preliminary injunction against GWI (might be tough given the nature of the suit), which would likely send a strong enough message to pull down the rate on the bonds. It's hard to know whether it's a legal issue holding things up now or if its become more of a business issue.