Hmm..I have just over half the shares held by PGMM but at half the price..I feel "well aligned" as they say and hopeful of some reward for my ongoing backing of LDP's ultra-high risk not that obvious reward strategy!!! As Tank says PGMM must have some confidence in the rate of return and must see scope for the price to at least double if not triple in short-medium term. Hopefully we can get some new small, medium and large investors in here. With genuine hope of meaningful growth, companies like this can just take-off and create positive feedback loops to bring in cash and assets. It is cold and frosty here but hope springs eternal LDP have turned the worm (or whatever the phrase is!). RD
“PGMM has been instrumental in providing due diligence on and indeed providing continuing top level management to High Mannor in Australia. It is a significant sign of confidence that they wish to take Leed shares in payment at such a premium to the market price”.
So, PGMM have agreed to take payment for their work, in shares at double the current sp. If the sp does not reach 0.1p, then they not be paid in full. When (or if) the sp rises above 0.1p, they will be paid over and above the origininal amount charged for their work. They know High Mannor inside out, having completed both consultancy and management work to High Mannor.
They must have the utmost confidence in the potential of the company to accept this sort of payment. If this does not encourage potential investors to buy in before the sp rises (the only way to successful investing) then nothing will. GL to all genuine investors here.
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