RE: Another placing3 May 2025 11:12
Yaryls,
Totally understand the frustration, but I think you need to rationalise it. This is a micro-cap company that is NOT using litigation finance. That comes at the cost of getting diluted through the process (as per the pretty mega dilution around January 2025 from what I recall?)
Even with this being said, you’re right - it doesn’t necessarily do SHORT-TERM shareholders justice for arbitration result. It leads to them getting a watered down payout, and I’m glad you’ve calculated it. It’s a kick in the teeth to get a 1/3 less that original calculations done in October 2024.
However, with that being said, we need to get inside the mind of AC. Consider who he is - He’s someone who believes resolutely in the company, that he believes in justice for LONG-STANDING shareholders and is personally a significant shareholder himself (around 12%).
Notice the key words I’ve capitalised. He is not interested in the shareholders who are here for the short-term arbitration play. Why not? Because he doesn’t necessarily directly benefit from that, as he’s going to be bound by rules about his buying / selling in the company, and he couldn’t care less about ‘making a quick buck’ when he’s been in this venture since 2007. The last thing he wants his stock to be pumped and dumped, which you can tell he’s somewhat aware of. He wants people to stick around for the longer term journey with solar / renewable investments. He’s been drumming up support from doing investor presentations, and appealing to institutions, because they are the exact people that will stick for the long term. Why? Because they want good, solid and reliable dividends from solar investments that support retirement funds.
Long story short, he couldn’t care less about you making a buck or two off it. He’s interested in his future, and rightly so, which is to make a shedload off reliable and trusted assets that will support him, and institutions, into retirement.
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