PYX Resources: Achieving volume and diversification milestones. Watch the video here.
Correct me if I am wrong but I seem to remember there are 750m warrants at 0.004 still waiting to be cashed. In New money that woul be 6m shares at 5p. That would bring in 300k if the price got above 5p. Or is it 50p. Where is Mathsprof when you need him
Kevin is a solicitor, Jerry is an accountant and the new man is a financier. George n Satu are still there drawing the big bucks but without the flack. Perhaps no bonus but still pulling the strings and G n S are probably directors in all but name imo. Nobody else knows the science.
Genice is being tested in Germany and Finland. 301 last heard of in July last year was in tests being set up by another company. 401 is with Valiseek. 201 test is complete waiting results. All G n S have to do is plot how to get their hands on whatever they can and we have a lawyer, solicitor and a money man looking out for us. Does not look good.
Having read the RNS again I note the new shares will be issued on or after the 15th April and the issue will be subject to the above. What might cause this clause to be used. Maybe the voting off of G nS would be one reason. Another might be the share price on the 15th. Are the money men going to advance the cash at 3.5p when the shares are trading at 3p? Perhaps not unless they go to a long term holder who will take a chance on new management. Thoughts anyone?
Remember they are (hopefully) only being sacked as directors not employees. Therefore it will be up to the existing or new directors to examine the contracts of employment to see what they are due. George always said the company could not afford to dismiss him n Satu. Hope the remaining directors have grown a pair and do not co-opt them straight back onto the board as the could do