No, of course they are not. They own 100 of the 133 Holdings shares. Holdings owns 93.5% of the 1921 shares.

If nothing else but the debt to Philip Day's Purepay is taken into account The Three are in a terrible situation. Philip Day (Purepay) wants the debt repaid in full now. Purepay has a Charge on all the assets of 1921 including any money which is in bank accounts whilst the debt is outstanding.

The Three have given Personal Guarantees to the ongoing full value of the debt. I doubt that they often get a full night's sleep.

A significant number of supporters, mostly at the other place, think that The Three are desperately clinging on. The fact is that they are desperate to escape with the least possible personal financial damage.