Member Info for Heaven

Nail on head!

"They say that the management are aligned with shareholders but that is not the case. the delays actively benefit the management. If the management are confident thr project will go ahead they can drag their feet a few months here and there until the company runs out of money and then issue a capital raise in which they get to participate in first. recycling the salaries they've sucked out of the company into more equity. Giving them a hefty profit at FID at the expense of ordinary shareholders."

Mr L is a clever man, each company he has been involved in sells the dream of great future returns while he draws a large salary for himself, wife and cfo + expenses for a few years as the shares tank, a few right issues helps extend the illusion.

Has Mr L ever had a company that makes a profit!

President Petroleum to Molecular Energy to Atome, looks like he is already moving on.

This is what happens in the AIM market, because the regulation can be played.

Remember what the Directors did at Seymour Pierce to the share holders.

3 name changes then private. Down 77% today

3 name changes and now private. Clever chap our Peter!

Must have been the last placing he could get away with. Will go private to sell company no doubt.

At least the placing should cover Peters salary and bonus of 550k

If it's listed on LSE, then should there be no WHT in UK?

Yeap, 20% wht.

How much was the dividend?

Only people making money is Peter and his wife.