Proposed Directors of Tirupati Graphite explain why they have requisitioned an GM. Watch the video here.
My point is you said directors are in profit whereas only one of the two directors actually has shares in the company. I'm not accusing you of ramping, just that only one director has skin in the game. As for Edwards, they seem to be serial cash shell investors having popped up on other shells.
Let’s see if the MMs mark this down or if this just goes into zombie mode and no one touches this with a barge pole https://investegate.co.uk/official-list/rns/restoration---mila-resources-plc/202011060730024330E/
SPACs are booming in North America and it’s become a seller’s market hence this recent gazumping. What was wrong with Capital Metals if PAL are acquiring them. MILA seem to lack the financial warchest and ability to execute. What can they offer to potential targets besides a hamstrung placing with spivs and below par management that can’t deliver shareholder value after 4 years. Lots more cash sloshing around these days so these guys should either raise more cash and/or team up with an investment fund etc and mix up the board. As it stands, they’ll just repeat the same cycle