I agree totally that there is no justification in paying fees to a man who has been totally ineffectual and was part of the old guard that nearly buried this company. Our BOD are very shrewd and I hope they will make it clear that any legal action would be met with a counter action. With what is currently happening in Australia regarding our former CEO it might be better for him to keep his head down rather than attract too much attention to himself. I will also be writing to express my total objection to such a payment and I hope many others follow suit.
12. Can you please provide further detail on Note 11 of the half-yearly accounts for the period ended 31 December 2015? Specifically, please itemise what makes up the "Sundry payables" and "Accrued Expenses". Can you please also confirm as to whether any of these accrued expenses or sundry payables relate to Mr Peter Landau, Okap Ventures or any other company associated with him? Trade and other payables comprise of a number of items including payments outstanding under Purchase order 1 and 2 (as per Integrated Master Services Agreement), accrued land fees for Trinidad licences and other general creditors and accruals. A settlement has been agreed in principle with Mr Landau and Okap Ventures, resulting in no payments in respect of historic amounts due.
Presumably the last sentence makes it possible he would be shown the door too? Nothing will be paid that can be defended. We also need to look back to when Sir Sam left.
Totally agreed DBW. The guy is corrupt in the extreme. As you rightly say he signed off on all the horrendous finance deals in the Laundau era and needs to be told where he can stick his claim! I'll be writing to RRL to that effect and would implore all other shareholders to do the same. Looking forward to better days ahead for all of us who have stuck with this over the past 5 years. GLA and have a great weekend
Datafeed and UK data supplied by NBTrader and Digital Look.
While London South East do their best to maintain the high quality of the information displayed on this site,
we cannot be held responsible for any loss due to incorrect information found here. All information is provided free of charge, 'as-is', and you use it at your own risk.
The contents of all 'Chat' messages should not be construed as advice and represent the opinions of the authors, not those of London South East Limited, or its affiliates.
London South East does not authorise or approve this content, and reserves the right to remove items at its discretion.