RE: Pre-Emption Rights12 Jun 2019 21:00
Brox good post.
RP has been living off PCGE and WSBN rather funding his excessively lavish lifestyle via multiple placings.
Well he truly screwed PCGE holders and with a likely delist on the 30th of June and a total loss for holders he now only has WSBN to play with to fund his lifestyle.
I said this a few weeks back anyone holding should seriously consider their positions as now its clear after that latest RNS that he once again will screw shareholders here too.
8BN shares the authority to issue,so a given at the EGM,no one to oversee or audit proceedings!!
After the 2nd of July RP will put into action the capital restructure which as you point could see existing holders diluted with an initial 50% loss just as he did with PCGE.
In my honest opinion I believe RP is a con man,who has deceived investors,the sooner he is stopped in his tracks the better.
Whats inevitable here is a repeat of PCGE,cross check RNSs they re almost mirror imagaging each other,my best guess is RP is on his last legs and this inevitable capital raise at the expense of hard working individual investors is this dispicable indivuals last thieving raid.
I dont believe anything that gets reported in RNSs produced by RP theyre all spin and lies,the Honduras Go.ld mine,no I dont believe that either.For two years he lied about the infamous Chines gaming licences at PCGE,but we know the rest,suspension,Nomad resignation and upcoming delist.
the same will happen here,its all been a massive pension pot builder for RP,Manelli and gifts galore to all the NEDs oh and the £278K payout to Bryant,
All serviced by investors who got conned,and the never ending confetti machine that RP unbelievably keeps getting away with.
its all actually IMO criminal.
Watch this space!