Member Info for fairdealer20

Interesting thoughts on VAT in Madagascar.

VAT charged at 20% on internal transactions. Exported Goods and services charged at ZERO. Any tax payed by an Exporter is reclaimable and refunded within 60 days of claim being filed,

TGR is the internal Producer who must charge VAT. Panagraf is the Exporter. Has Panagraf filed, and received the refund??

Think about it!!!

Hemmant's letter certainly adds much to the suspicions many of us here have had for many months. Hope those who have voted against the proposals are looking hard at that decision.

If, as Hemmant states there is chicanery in play, Regulatory Authorities must investigate.

Hemmant mentions accounts for Pranagraph and assoicated company's controlled by Shishir, can be viewed. Does anyone know where they can be viewed??

Mhow read Hemmant's letter again. He clearly states he supports the Requistioning group.

Whether or not a Family feud exists, it is now no secret disproportionate inter company transactions have/are occuring to the detriment of Shareholders in TGR.

I still retain shares in the hope, and that is what it has become, some sanity and honesty will break out within this Company.

So you believe Hemmant is lying and Shishir is whiter than white?

If nothing positive is announced by Friday close, the AGM is going to be a very noisey affair. GS will need a good suit of armour!

Roberto your feelings are very clear.

As an Ordinary PI who has occasionaly become involved in forensic analysis of Management actions, what I am seeing here is likely to destroy the Company. I am not a member of FTG and am increasingly concerned at their possible intentions.

The history of certain named individuals does require serious investgation. It is likely they have picked a vulnerable company where corporate management is very weak.

What is certain, whatever the outcome of the Vote, this company will not survive unless some radical changes are implimented. This will include the attitude of Shishir, which in truth needs him to realise and listen to those who have the business skills he does not pocess.

Roberto read my post again. There is nothing to prevent any Shareholder communicating with the Board. My point is each individual will be told what the questor wishes to say. You could be told something different to me.

An Open forum (GM) is where every PI, mischievious and otherwise, can make a judgement on what is being stated.

Do you or anyone beleive the release of sensitive, but important information regarding the BOD's secret doings as, dirty tactics?

Dyas, the drilling contractor, were "gifted" 5% of Shell's share, presumably to offset the drill costs.

Why have Deltic done something similiar?

There are numerous funding mechanisms, which should have been explored. Maybe major holders do not agree because of dilution, which if correct, is rather rich considering they (MS & RS) have increased their share at the expense of ordinary PI's, in previous raises.

If factually correct information has been disclosed, that shows fundamental mismanagement, Shareholders should applaud it's disclosure.

Pertinent questions, in relations to this whole saga, should be aired at the General Meeting, where ALL shareholders have an opportunity to interogate the Board and the FTG. The one on one meets being offered is NOT the way these matters should be debated. It signifies a state of desparation of the Board..

This is a bit like choosing between Sunak and Starmer, which is worse, and vote for the opposite. What a decision!

Shishir has made certain promises, in particular a London based CFO. He has 14 days before my vote is cast, by when a CFO should be appointed.

Saluc could it be Shishir is an unlucky man? Unable to raise funds, losing Auditors, Losing Brokers, the list goes on.

On the other hand the Action Group are making statements that funders will come in if and when they ( action group) get feet under the table. Those are just words which mean very little until Firm proposals are put on the table. Until then Shareholders are faced with a choice between the Devil and the Deep Blue sea. Not a good choice for any confirmed Investor.

Crocman, have done research. Suggest interested shareholders view the latest unaudited accounts where under Corporate Developments, it is clear the Indian Authorities are not pepared to approve the Commercial agreements that currently exist. There have been changes within Pranagraph businesses since 2018.

The Corporate statement goes on to state negotiations since 2022, between the 2 companys have failed to agree a commercial contract. Further negotiations are ongoing.

Can it be assumed Shishir is talking to himself.

It seems the Indian Authorities are also "nit-picking"

It may be obsession to some but others it is transparency. India may have commercial rules which require 3rd parties. It is how those 3rd Parties function and what commercial agreements operate. Anyone who beleives it is OK for Directors to share duel roles between connected companys, need to think again. One wonders what commercial eperience supporters of such activities really have.

If there is nothing to hide lets see the comparable Profit and Loss accounts for Panagraph.

Saluc earlier you posted this statement{-

""Panagraph isn’t a public company. All results are audited, every year. I don’t know the board of all our other customers either. I can’t understand this obsession with Panagraph, the relationship is clearly more beneficial to TGR"".

As you seem to know Pranagraph can you direct us to where the audited results can be seen?

The claim that Pranagraph's relationship is beneficial to TGR, shareholders in TGR have right to see those results?

Saluc, be honest what is your connection with the Company? You are defending TGR, avoid answering questions when you claim to know Panagraph's trading status..

Tell the truth or answer the questions I have asked?

Saluc it is also human nature to enquire., in and in your case avoid the questions.

Please provide answers to the questions I have asked. It should not be difficult if everything is honest and above board.

Saluc you agree Panagraph is a Private company. You state the accounts are audited. How do you know? Have you seen those accounts? If so please advise where we can view.

It is simple if an individual has a foot in 2 company's who trade with one another and 1 company has Public Shareholders whereas the other is not accountable to shareholders, Human nature being what it is, leads the Indivual to ensure the Private Company has better deals with the PLC.

Shareholders know Shishir's position within TGR, do we know his exact role within Panagraph??

Pranagraph is the middle man. In any business the middle man makes the money whilst the producers take the rap.

The relationship between TGR and Panagraph is opaque. A connection between 2 Poddar companys is not healthy when one is Private.

Is Pranagraph a Private Company or Listed?

Curious the Pranagraph connection has taken 3 years to resolve. Is there a conflict of interest?

Shishir seemed nervious when asked if the Company is Solvent.