RE: JLP - Investor Discussion12 Sep 2019 00:48
The point being made is that some on this board see great, albeit future, value in the royalty, and in the right hands, that may be so.
But we have a board in charge which cannot be trusted to look after the interests of the ordinary shareholders. As I have pointed out before, Borrelli , in a phone conversation with me, was adamant that the SP was in fact worth multiples of the pre-suspension SP due to the royalty agreement. And yet just months later, he wanted to dilute the hell out of us with the power to issue hundreds of millions of new shares on some random scheme totally unconnected to BMR operations but connected to him and Bird. And was prepared to put the royalty up for grabs to achieve this all based on the premise that just a few months after our conversation, the SP was in fact worth not multiples of 2p but a mere small fraction of 1p.
Now you choose whether you regard that as total ineptitude or something more nefarious. All I know is that I feel I have been lied to and shafted.