RE: RNS and Takeover2 Jun 2023 20:02
absolutely correct - and unfortunately, i have little faith in the integrity of the less than transparent prax.
how do people think they secretively got to where they are today?
the media have reported that prax is a $10 billion crude oil empire, grown by a married couple from a flat in surrey. it is not a pharmaceutical company that has discovered a miraculous drug, like penicillin, and grown from that success.
the guardian reported, last year, that the company’s profits have soared almost tenfold between 2010 and 2020! it has to be acknowledged, that on the face of it, it is an extraordinary achievement.
the report continued “information on how this flat-based business grew into the colossus it is today is somewhat sp****, prompting questions over whether a closer scrutiny is required…”
it has been suggested elsewhere, that a good accountant can make 2 + 2 equal any figure his employer requires. so, for the next year prax want hurr’s financial performance to be abysmal – and don’t forget they are no longer accountable to the scammed shareholders. what do you think they will do – even if it doesn’t include present elements of the malfunctioning hurr board of directors directing the finances?
if their intentions were genuine, it would be reasonable to expect them to cough up the 12.5p at the outset – they haven’t. they are returning the money that already belongs to hurr shareholders and walking off with their money producing assets.
form your own opinions and make your decisions – but you can’t say that there were no warnings.
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