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Funny how the chairman said that to you Seatrout. Is it not the job of the CEO to take the company forward? Isn't the chairman suppose to give the reins to the CEO to grow the company? Something does not make sense here.
Hi Seatrout, it has been a while. I see management have managed to inject a shell company that has been valued at around 250k quid. Private companies trade for 2-3 times net profit. Has anyone seen the financials of this Greenstar? The Chairman has zero experience in the farm and AG markets. But yet he somehow is a shareholder in a company he is selling to PAR shareholders that specialists in AG and farm advisory? Something smells here.
Good Evening. i am not sure what a special adviser entails however about looking up NVTA and seeing the chair of NVTA is vending a consultant company in which he has an interest has my warning beacon rotating. As for todays announcement, since there is no mention of package, salary, shares to be allocated or other positional performance indicators to PAR by this special adviser, i am suspicious. Because these details are left out, one does not know if this is a family member, a close friend, a person that brings a producing farm or other benefit. we see a fancy cv that tells shareholders and non shareholders zip. in the meanwhile, it seems to me transparency is lacking in this company and i believe i might move along. i have been caught in nepotism type companies and lose money every time.
Sorry, i was never involved with that company. i had heard the ore was not there and avoided it. some broker tried to sell me shares in it but i never bit.
I have been looking to purchase shares but I do not own any. So I have been doing my analysis in anticipation of my potential purchasing. Now I find that the directors look after themselves quite handsomely at shareholder expense. And a possible large share issue to purchase the new CEO and chairman's company is looming. Which makes me uncomfortable and seems close to the wind. Sorry but I am unable to answer your question as I do not know.
Greetings SeaTrout, have a look at what the directors are paying themselves. also there is no need for them to purchase shares in the market when they allocate themselves free options at these levels. Messers Hunt ($96k), Toress ($390k), Kohn ($390k in FY11), Bechis ($91k), Barros ($256k) are what these chaps are receiving from a company that has zero revenues. then any acquisition will need to raise capital for these chaps packages again plus they have their low share price option awards. all this information is located in the release of 30 July 2013. Also, any acquisition would see shares issued to the acquired company. guess who owns the company for potential acquisition as per the release of 12 august 2013?
good day. you have not replied factually to my post that seemingly upset you. Did you find that my post was accurate? i re-read the releases and stand by my post. the chair is receiving a handsome amount for a non revenue producing company. and the recent release also highlighted the fact that the chair owns equity in greenstar. i have not met the chair and would like to in order to complete my due diligence and to ask the questions no one else is prepared to investigate, such as arms length transactions. Possibly in the LSE filings there will be the details i seek. however it would seem as if a capital raise at whatever the authorised share capital price per share is on the cards. what is this price? the chair was involved in another company that did an equity raise at 0.001 in december 2012. maybe this is why the paragon price is stagnant? the greenstar acquisition would most probably be done in equity and cash. also, directors can not buy in a period of potential acquisition. this is insider trading and a director would end up in HMPS Pentonville is they were caught purchasing shares after announcing an acquisition possibility but before closure of the transaction. how do you know the chair of paragon?
Ok, i do not believe my posting is out of line as it is true, or at least the releases from the company indicate they are true. the facts are there to see. you are most welcome to your opinion. i do not own shares in the company, although was looking to purchase once i completed my due diligence. however if there are misguided and cloudy shareholders such as yourself, preferring to attack instead of investigate, i would rather not be an equity holder in a company along side of you. you clearly own shares in this company but do not look at the records and therefore investment thesis. good day to you.
hello, i am new here and do not own any shares, although i was looking at possibly buying some. i just read the latest announcement and i am not sure what the chairman is up to, other than to line his pockets at shareholder expense. i see in todays announcement that he owns equity in a company that he is proposing to shareholders that they buy. but when i check the most recent filings, there is nothing in them under the chairmans name that indicated he has listed this equity as a holding. this tells me that the chairman has set up this company fairly recently. i wonder when this company was set up? the bottom line is the chairman is receiving a fee of $98000.00, probably has been loaded up with cheap share options, and now set up a company and wants shareholders to fund the acquisition of the company he just set up. does this not seem out of line?