The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
I think it is bad governance as the board was not transparent by not giving shareholders the information that the subcription was in tranches. What else have they not told shareholders?
BIT claim confirmation of registration
https://icsid.worldbank.org/cases/case-database/case-detail?CaseNo=ARB/24/4
Thank you. Reading the RNS 18 Aug-23 I agree with your conclusion.
Hi Edzi
Just checked AAG is also registered in Delaware https://icis.corp.delaware.gov/ecorp/Entitysearch/namesearch.aspx
There are no taxes in Delaware on foreign owned companies doing business outside of the US.
I don't understand why there would be an assignment from AAG to the new company and both in Delaware. Any clues?
Thanks
Thanks LFM, surely they should have issed an RNS? Do you know how long the extension is
Thanks
Thanks
Has anyone received an actual notification of the issuance of the pref shares?
RNS 18 July states Taylor will remain a director of IMM
On 23 June 2023, the Company announced, amongst other matters, that Peter Taylor had resigned as a director of the Company ahead of the commencement of the Annual General Meeting and that Mr Taylor will remain as an employee of the Company in the capacity as Chief Executive Officer and will continue as a director of its subsidiary companies, including IMM. In light of the progress made in relation to the Revised SPA, the Directors of the Company have now agreed with Mr Taylor that he will resign as CEO on Completion but will remain a director of IMM and be available to assist AAG in driving forward the Claim.
Hi FreeBuffet
I thought so too. I checked the 16 Aug-23 RNS and...
Mr. Peter Taylor, the current non-board CEO, will remain with the Company until the completion date of the proposed sale of IM Minerals ("IMM") to Acumen Advisory Group LLC ("AAG"), and then continue to assist the AAG team in pursuing the claim against the Government of Mocambique.
Looks like Taylor has gone
Thank you...
Has anyone got an idea when the "record" or vesting date is for the pref shares?
I staying for the long haul as I believe there should be some positive developments so hoping for a double whammy. Share price increases and a pref share bonanza. There may be an OTC in the pref shares.
KEY thanks for the info.
May be the BoD and CEO have the ostrich syndrome. Head in the sand.
Thank you; I was thinking the same thing and agree with your demand. I would add that in my opinion the Board is being unprofessional by not updating shareholders. If AAG is having difficulties then tell the shareholders and is there a plan B?!!!
Agreed, I hope the £ 1.1m is in escrow and the terms of the SPA allow Pathfinder to keep the funds. Hope is etrernal!
Brilliant!
The delay is getting worrysome...
https://www.marketwatch.com/story/pathfinder-minerals-shares-fall-on-risk-of-non-completion-of-disposal-7cc01863
Can the directors unilaterally change the option terms and reduce the option price without Shareholder approval? If the commnnts are correct the board is clearly preferring themselves over general shareholders.
I wonder when Taylor will call a GM?
On 22 Feb the RNS stated "Pathfinder is considering bringing forward the General Meeting such that the transaction can complete with the minimum of disruption to the timeline. The Company will provide a further update as and when appropriate."