Chairman Michael Pilsworth said: "It is unfortunate timing that following the agreement by the company's CLN holders to extend the maturity date of the CLNs and the recent progress in the Company's trading activities Sanlam has decided to cease its Nomad activities and give us notice. We are in active discussions with a number of potential replacement Nominated Advisers and are confident that one will be appointed shortly."
so one minute we get the its going to delist brigade and then its the directors are taking shares in llieu of payment.
so which is it? why would directors want payment in shares ( not that they have in my opinion) if they are intending to delist? and dont forget half salary paid in shares at a future date. dont really think delisting is voluntarily on the agenda.
Yet again in another downtrend Also noticed the issue of equity mentioned shares given instead of fees The bod have taken consultancy fees in the past so won't be suprised if they are the beneficiary of these 'fees'!!!
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