I agree with you, but only key player on the board and probably the one with his finger on the pulse is Nick Trew. Why are we continuing to pay a Finance Director is beyond me and I am sorry to say Henry has been a complete disappointment so he needs to be cut too - that would save a lot of scarce cash and keep the show on the road that bit longer..... do you agree?
Wouldn't you think it's better we kept the same BOD as they have a better picture of what's happened so far changing them would mean having new people who don't have a clue of what's happening and would be a huge disadvantage ...
Been having a good study regards the situation of this company and I can see it's looking bright if we look at the half yearly report and the information in there However, in a previous decision, the Supreme Court had agreed to recognise a foreign judgment where the jurisdiction of the foreign court was derived from a clause similar to that in the Pathfinder agreements. The Supreme Court has therefore admitted the harmonisation of laws appeal.
However, as a matter of Mozambique law, a successful appeal on this point does not affect the underlying decision not to recognise the relevant costs judgments in this case. Its effect will be only to clarify the law going forward. The Company is therefore advised by its Mozambique lawyers that the 'harmonisation of laws' appeal decision may have positive implications for the Company's pending (second) application for recognition of the English court's substantive decision in respect of the agreements by which Pathfinder acquired its shares in CMDN. Clearly stated that the appeal is on a good path.. Guess it's looking good just a matter of time..and with the share price at its lowest no better opportunity
Long I think you are right on this. See the first few weeeks after consolidation and you see all these sells. People who clearly lost money and are cutting their losses now. I think this is the peak of pfps downfall I'm thinking its time to start topping up now as this is the lowest it's ever been...and if we look at the share charts and go by that then next month will be where it jumps and we will all be in for a early Christmas bonus..some of us have held so long and stayed with the company so long why not see it through the battle and top up ??
No, I think it was used to get probably hundreds of tiny share holders off the books. It is expensive to maintain a huge shareholder base, especially if the majority just have a few shares. Seen it before, just a cost cutting exercise - but also has the added benefit of lifting over the nominal value and clears the decks for a raise if needed, hence passing the going concern issue.
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