Quote:
Originally Posted by Deko
is Kent paying backhanders?
Thats a lot of money to raise isn't it
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So at £11.25 per share at today's close, and 2.59 Million shares, that represents £29,137,500 of collateral, against the loan, and for each penny that the share price goes down, the collateral becomes worth £25,900 less.
Suddenly I feel more motivated.
Just think - at the end of February, those shares were worth £34. So that represents a loss in value of Kent's shares, of £25,900 x 2275 = £58,922,500
Just in case anyone was losing motivation. Since the end of February the exposure of Phorm's business model and BT's behaviour to genuine public scrutiny has reduced the value of Kent Ertugrul's share holding by nearly £59 million pounds.
Anyone want to check the maths?