RE: Bhukia operations suspended17 Oct 2024 14:05
I like your thinking PK73.
"was thinking about this though.... If you were the GOR and expecting the value to you to be 9bn sterling over 50 years, maybe a one off payment would sting .... possibly too much..... and maybe they will try to negotiate a series payments that ties in with their income. Say 1bn over ten years or something like that. The PAT becomes a cash shell that just pays dividends... Mark moves on to the next company in need and we all invest there!"
That's what FOX Marble (FOX) did before a reverse turnover with Eco Buildings (ECOB). The litigation that FOX are going through is kept in FOX and the shareholders have preference shares. Any net winnings goes to the preference shareholders of FOX. Nothing goes to ECOB.