i was just thinking actually.
If 10% are AWOL. then 75% is harder to reach isnt it?
and how may do you think will be held by small institutions?
75% might sound quite a lot, but in reality, it is only another 18.2% or thereabouts.
I would suspect this figure has been arrived at knowing that some of the larger shareholders are happy to sell. For example I do know NTL had just under 10% and if sold, they are already well on their way to that figure (I don't know if NTL still do own their shares btw but this is for example) - So I would imagine Lerners advisors have already spoken to the other main holders to reach agreement.
The odd one or two shares we hold is in fact peanuts - a mere drop in the ocean when you consider nearly 21% of shares are over 2.25 million in number!
Ultimately I suspect that while those of us with a very very small stake sending them back might help, its the larger holders of shares who really make the difference and you can bet they have already been sounded out somehow.
nice reply. Cheers.