The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
How will the distribution of money get to the existing shareholders if they are no longer shareholders?
Have just voted for both resolutions hope I have done the right thing not sure I trust this BOD but hope the Man from the Channel islands will see fair play.
AGN Why have you voted yes what is the reasoning behind your vote?
Not sure how to vote but if the vote does not get passed I think the BOD are bound by the last vote and should start returning cash to existing share holders. But I may be wrong they could still take money out for themselves it would be interesting to know what the 10% man from the channel islands is going to do, after all he was the one that instigated the Last Vote.
With 25.3% holding it looks like Goodweather holdings are closing in on the 30% when they must make a bid.
I think the 3/4 wait is because the BOD will demand there salary for that period even if they are doing nothing.
Should have read High Quality asset
In the latest RNS the BOD describe Ruvuma as large investment project which begs the question why did we get rid of it?
I agree this BOD will try and string thing out as long as they can and take money out as salary until all the money has gone . I have voted FOR the resolution every little helps and may get it passed. I agree it has been criminal what this BOD have got away with over the years.
No mention as to what the resolution is.
No date yet for the meeting I expect we will be given about one days notice then make it difficult to vote, not sure if there is going to be any vote at all.
Not sure what the resolution is? I think they are only asking what plans the BOD have to return cash. This Bod should have been sacked years ago they are only there to drain the company of cash as long as they can
A trade of over 2.6 million just went through.
I do not agree the Bod, have worked very hard filling there own pockets and after all they did change the name of the company which made a great deal of difference to the share price.
I think the BOD should be sacked before they can take any more money out. The have presided over a massive share price slide and taken money out of the company without any input daylight robbery.
Hi Panch, In the RNS posted on the 21 Dec The BOD Said they intended to finalize a review on a range of options available to it by which it is able to deliver value to shareholders which MAY include the distribution of available cash. My opinion is that this was included to try and help get a Yes vote. The true statement from the BOD should have been the they never intend to give any money back to shareholders and any cash will be held to fund the Salaries of the BOD until runs out, but this would not be a vote winner at the shareholders meeting. I may be wrong but we must see what the BOD say about the Review if it ever mentioned again.
I was outvoted so we have to see if the money distributed to share holders as indicated before the vote but I will not hold my breath
Have voted against through Hargreaves