RE: £500,000014 Feb 2024 14:38
Sharebare2 - i made a similar point recently, specifically relating to the NED situation and using THAT to take this private. Doesn’t make any sense at all…Tang could’ve withheld polo funding and taken it private years ago, not a penny of the 3.2m has been paid back, why give it? On top of that his wage has been deferred for 3 years, he wouldn’t have done that unless he expects a big pay off and the way that happens is by getting approval and selling his shares (of which he owns over 30%) on the open market as this rises into the pounds.
It’s expensive to have a London stock exchange listing, pay annual fees, meet nomad requirements, needing shareholder approval at agms etc. He needs it because without it the licence is worthless and he’ll get taken out on the cheap by Bangla gov/Chinese with nobody to step in. The LSE listing gives him security - the figures we are talking once this takes offc security is essential….his very living probably depends on it (dramatic, yes but don’t underestimate peoples greed and corruption).
Now put the shares Polo is currently holding into a calculator and times it by say 200 (£2) which is a minimum at some stage after approval and go figure how much Tang is now worth.