O2 Recommended Cash Offer

[HappyFace]

I have just received paperwork regarding the complusory purchase of the 100 or so shares I have in O2. It mentions about a cash offer or Loan Notes. Could someone be kind enough to explain to me what Loan Notes are? And as I have such a small holding would it make sense for me cut and run?

[Golden Shred]

Loan Notes are a way for companies or persons with large tax liabilities to defer receiving payment for their shares until a time that suits their tax affairs best for up to six years. In your case you are much behind the times - the money was paid on 6 February last. For your 100 shares you will receive �200, and if I were you I would send in the paperwork for the money as quickly as possible and hope that the Spaniard's have not run out of cash !

[gammaray]

No one expects the spanish inquisition!