Probably used that 50m to pay for the best corporate lawyers money can buy, and they know exactly how to shaft us, we don't stand a chance, bet that's why it's taken so long to sort it out. The whole seplat deal used as a red herring.....let's hope not
I would imagine that once the deal goes through (I am betting it never gets to that stage) then all the withheld, good news (whatever it may be) will be released to get things moving again so the bh see some value in the 89% of the co. they will own.
Fingers crossed PG otherwise its a long road to recover, don't expect any good news from these people, the Mcap is very low but the debts are huge, the BHs have dug thereself a big hole here, the way its going, no one will invest in here again once things have been cleared up.if ever.
There has been a lot of talk about a take over. Given the current facts and figures published do you think that this could still happen? I'm holding hoping that some good news could be around the corner.
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