Kenv is still 30% down since Redmond took over it and PIRI is over 50% down, (even after making an investment in Rame last month, so it's no wonder the main investors here rejected it) Redmond has the chance to redeem himself with those two, but needs to get off his backside and do something or he will be sacked from them as well. The sp is slightly better here since Redmond was sacked. limited - I am not having a go at you and we all appreciate your undying loyalty to Redmond, but he was a total failure at LDP with the Manas farce and continued false promises while delivering nothing and taking £60,000 a year (and awarding himself massive share options). Hence he should have gone 12 months before he did. Yes, Patel was put in to oust Redmond by the main investors. Had Redmond achieved something apart from the £1 million loss he would not have been sacked. I have a couple of grand in both PIRI and KENV which are a total gamble, but you never know, Redmond might just finally deliver something to shareholders except false promises which would be good for all of us. GL
Thanks Woolworth. I'm in for 9 million shares @ 0.19 so standing at quite a paper loss at the moment. I have traded in and out over the last couple of years and made a few bob. which helps reduce the pain of the current sp. lol.
As I said, we can only guess as to what is going on. Only the BoD and the main investors know exactly what is happening and they will not announce anything until it is completed. I do take confidence that the main investors lost faith in Redmond with the Manas farce and his failure to deliver anything else, so they gave him the option of going or they would vote him out along with his share options, so he had no choice but to go. Hence they now own LDP. They could have sold out of LDP at a huge loss, but they chose to take over the company and run it themselves through Mr Patel. They have not done this for fun, they have done it to make big money. All we can do is wait I'm afraid (or sell) which is incredibly frustrating for all of us. GL to all and here's hoping.............
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