SP p[ost tender7 Aug 2025 13:20
So, at 40p, any holders arte stuck in a non convo unsecured, untradeable, PIK loan note from an unregulated offshore body, with interest accruing till maturity @15% on a 60p per share nominal value. So, a potential 22.5% nominal return, compounded over 5 years....IF the issuing body pays up in 5 years time.
That seems to me to be taking far too much on trust from a BoD who have demonstrated an unscrupulous thirst to rob shareholders for their own benefit. I fing it hard to believe they will willingly pay out at 60p a share plus 5 years @15% cum, 120p or so a share in total. in 5 years time. (compounded annually. They will actually compound quarterly, so a bit more)
i certainly won't be buying back in, i don't really understand why the SP wasn't down to 30p ish b4 the tender date (basically the value of the tender) cos imho that's all anybody's ever getting back fron this gang of thieves. With that gone, it's a real gamble on ever getting your money back.