jwx21320 Jul 2015 12:50
Greetings,just got back from 8 days in Gothenburg to see sp now over 30% below RTO conversion price that in turn was about 60% down on previous OCT best price for past year.For small investors this is a total disaster.Previous OCT directors paid huge salaries for what,oh yes facilitating the reversal of a mate's private company to get it a listing.
Whilst we were all expecting great GIS profit increase all we kept getting was confirmation of number of transactions.Then,as I suspected, we get told actual results and see huge drop in profits mainly due to salary and wage rises.So don't worry to much about future dividends as these can be easily avoided by raising salaries,bonuses and fees to those who really matter.When I saw that the main man is having nearly £250k per annum paid to one of his companies for his services that said it all really for what is essentially a new AIM start up!
Forget the possible carrot of dividends one day and expect the sp to keep falling because potential new investors are not,like most of us, stupid.
Just reread all the figures and detail in the RTO documentation,director loans,investment in other connected companies and reflect on how OCT shareholders were starved of information.There will only be a handful of winners here and it wont be the likes of us!