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The spread continues to be a deterrent for new Investors .
Let`s hope FG & Team , have their forecasts correct this time .
Best of
Because the usual pattern will be for it to drop back. But don't worry about what I do. Its my risk/reward and my average was 0.235p on those so it was a decent trade. If it rises from here and I can't buy back lower so be it. There are plenty more fish in the sea.
Why?
I sold half (1.2m yesterday before the bell) if that helps your speculation
not sure he might have done.......once this drops he will say yep im out
if it goes up he will be in still!
I suspect LTDis has already left the building mate....;-)
What’s in it for FG?
Well we know that FG only receives a gross salary of £60K and £30K is paid in shares, which as you know he has received just over 12 million shares for 3.5 years salary sacrifice. Even at the current bid of 0.3p this is only worth about £36K when he “sacrificed” £112,500. (Still to receive his shares for 2019 which he told me he was in no hurry to receive)
I have not done any proper analysis of salaries in AIM companies but I think you may agree that £60K is not a lot of money so the question is, why does FG continue with his position?
Well FG receives 10% of any funds realised. So, on the recent Mediapolis land settlement where we received an interim payment of €1,480,932 FG receives €148,093.
From the Fortune Cookie out of court settlement £1,150,000 FG could have received up to £115,000 (you have to look at the accounts to find out the exact figure)
Pending Venice High Court Case when concluded in our favour (and it will be if you have DYOR) then CLP 2017 due 70% of up to €10.8 million or about maximum €7,560,000 and FG would receive up to €756,000. You will recall we bought the legal claim for €50,000 and legal fees capped at €35,000 so there is information there for all to see that the cost of pursuing the “12 defendants” is only €85,000 but the upside on this claim is about 3 times our current market capt.
Pending Sosushi Court Case, this is a no brainer and it is a claim for €1,030,000. You will recall it did not really cost us anything to buy the claim as we reduced a loan to them by €10,000 and legal costs are only about €20,000 and on success we receive 90% and their 10% will allow them to repay their loan (almost) so we get the full €1,030,000 and FG gets about €100,000.
Pending possible litigation against Piedmont Region for €39.6 million well if we get this not only does FG get almost €4 million and we will have a winning lottery ticket.
Conclusion: FG has now been a CEO for 5 years and he is going to collect some long over-due pay checks.
RKB
PS LtdAxis what to do stay, run or buy?