PCGE,10 Feb 2019 18:00
Basically the Chinese licences are worthless,theyre never going to be used,just check legislation in China.
But for Mr Pouldon they're incredibly valuable,they allow this farce to continue in this cesspit called AIM,he gets around the Cash Shell scenario by holding them,otherwise this would have been delisted two years back.
He pulled an absolute blinder with those defered shares,now having the authority to issue 4BN more shares,so it's guaranteed a further mass dilution and consolidation,just like before.
He hinted at the RTO,well that's all he can say,but he'd rather kept the status quo,and why not,issue equity for free cash,dilute holders further but maintaining his fat cat existence in the relative safety of Dubai.
Remember the cash burn is staggering here, administration costs,what are they,nothings happening here,it's all going into Pouldon Middle Eastern bank account and the other Connie's.