RE: Prem25 Mar 2024 09:15
Hi Acker.
Seems very much to me like a damned if you do, damned if you don't situation.
I would have much more confidence if Mr Roach also said something along the lines of:
"I have full confidence in what we are doing and I have written in a clause whereby I will not retake my loan to prem for x years or until we reach x profitability."
Without this, I see this as partially just George being able to ensure his circa 1 mil is safe regardless of what happens to Prem and some of us loyal shareholders.
Unfortunately, I am having difficulty believing I should vote for in regards res 2.