Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
the response that I listed was cut and paste from that particular email, there was however an email sent from Brian before that one which for clarity I list below as well as the original email.
Dear Jamie,
James is travelling at the moment, I hope you don’t mind if I answer your request for information.
Over the last couple of months the marketing process has been in full swing and we have presented to large number of companies. We are now awaiting their response before presenting the outcome and the proposed way forward to shareholders.
All very frustrating to you, I appreciate, but there has been a lot going on.
I am very happy to speak on the phone if that would help. Just send me your number and a time.
Best regards
Brian
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Hi
We have spoken with more than 10 companies, and of course these companies have a deadline well before October 31st.
There has been a lot support for our technical evaluation, which provides companies the opportunity to conduct a speedy evaluation. As to whether this translates into any bids, we will see.
If you need to call, feel free.
Brian
Ahh Eric not the old sell up and shut up routine. You should be on the stage. Like most here I’m *******sed with my sound shares and live in eternal hope that parsons can possibly get half my money back so like most of the poor suckers here I can’t. Does that answer your rather stupid statement?
Either way you look at it he trousered that money!
If he was running my company wouldn’t of paid him a brass farthing! Also he will keep trousering his wages until there’s no more left in the kitty. This is now a lifestyle company for the bod. The sooner we all realise this the better because if anyone thinks there’s a buyer for this god forsaken company they are sorely mistaken.
Truest words said yet. Parsons will grab what he can and hopefully retire from the aim oil game. Ever seen that advert where that fella was robbed of his pension by the bloke on the jet ski. Guess whose on the jet ski!
The days of Merry ordeal us Pi have been right royally shafted. Totally written of my investment here now such a damn waste of hard earned dosh. Oh well chin up. I’m investing in property now. At least it doesn’t lead you down the garden path promising you heaven and earth on the way! I don’t know which is worst SOU or TRP!
This is parsons and the cabal looking for a get out of sound Scot free card! This company is going to the wall and taking all us pi with it. I’ve all but written off our investment here which is not an inconsiderate sum! Like I said have a look at TRP and the same is happening here. #lifestylecompany. Watch this space for another raise soon
You keep telling yourself that! You do realise that when the argument is lost the losers only resort is to start spouting personal insults! Keep spouting away mr jobs as it’s water off a ducks back! No off you toddle and insult someone that cares.
Now. Jp is now using sound to finance himself and his cabal. No idea why he needed a small fundraiser especially when we are supposed to be funded for Te11. This company produces nothing makes nothing zero profit yet he earns an extortionate amount of money as do the other directors. Could they work else where? Probably not at the moment because what’s happened here stinks to high heaven! We have to face there will be no le but what will happen is that he will eeeek every penny out of the carcass of sound and the other 2 companies then “rinse repeat” elsewhere if he can! How crude vouches for this man is beyond me! This is verging on legalised robbery. Google TRP and you will see what Is happening to sound!
With reference to the final sale price per share gross we have to consider how much debt we have and also director severance pay! I know we owe approx 30 million then there are wages and other debts to pay! What will be left for us if we achieve less than 30p gross per share? Think about that for a minute!
And wrote off my investment here! Had a look at the accounts published just recently!
Who here is a little dismayed by what they had seen in directors salaries?
It reminds me of our current crop of politicians. Noses well and truly in the trough. Who in their right mind authorised a doubling in salaries for illustrious leaders? 900k a year??? Are they for real? It’s like there is a few million in the pot let’s get it out quick before the shit hits the fan. I hope I’m wrong but what they are doing is just plain wrong. How long before we get the “we need to raise a few quid to keep the lights on”! Oh how I wish I sold in 2016!
Well considering most of us holders are massively underwater here I’d say a merry Xmas from the ceo who I hasten to add has done nicely thank you very much here would of been rubbing a bit of salt in the wounds don’t you think! I can assure you there’s nothing childish about my comments.