RE: Vision13 Oct 2019 05:33
The.Italian.
Whoops, I forgot about the later announcement cancelling the agreement. As such the figure is revised to 6.45milll USD as you stated.
Heimdal,
Although I do admire your positivity and no disrespect meant, but the company is no longer the company it was and as such past history is irrelevant. Whereas it was only dealing in investments in mineral producing mining stocks, it is now a pharma and has a product to be sold by way of licensing agreements. Two totally different things. Not one of the existing BOD (including the CEO) has any knowledge of pharma or sales and as such are no better at giving advice than anyone else. They really need to remove the web statement about returning value to investors since they have done absolutely nothing like that since the pharma inception about 5 years ago. Not only that, but the company (and remember its a combination of two merged companies now) is now trading at an all time disastrous low. Particularly since the value of PLE and RPG before the merger was announced were about 25mill squid a piece.
Although as far as I am aware JGs shares were given to him, he would get far more respect from shareholders and the market right now if he was seen to purchase shares via the open market. I think the only person who has real skin in the game as such is JM and as mentioned before, its just pocket money to him which he can afford just from his own portfolio interest and then a few times over. What is more interesting is a CEO getting a 1.5mill USD salary for doing what exactly ? Maybe he should do the right thing and take a pay cut. He hasn't really given shareholder value, but quite the opposite.
Yes, we are aware of what lies ahead which is indeed positive, however. its no good if the management controlling the ship is lackluster, which is patently obvious from their handling of things in the past, particularly the way they have not been transparent to the market. The CBD ref is also positive, but given the fact they have not followed up on the "something more concrete", but were quite willing to go to print on an unagreed possible acquisition is certainly sending the wrong signals to an already untrusting market.
Given the current disastrous level of SP any future purchase will certainly be taking more of the company from PI's and returning it to management. I'm sure there are many PI's who would probably only manage to see their initial investment back even if the SP were to multi-bag.
You state that a VXR holding sale would cover the ATO debt, yet you don't mention how they would do this given the number of shares that would be sold. Surely if they started to off load, the VXR share price would collapse, unless you know of a buyer standing in the wings - come on spill the beans ;-).
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