RE: Busy boy , surprised he’s allowed 12 directorships20 Feb 2021 15:33
I’m not a fan of his, but DS hasn’t actually done anything “illegal”, aslong as he repays the Loan in July he can walk away Scot free, just like at AAOG, the funding was all voted on and approved by shareholders and debt holders at the time, the “management contracts” were clear as day. Contracts with a completely different company with exits, kept him far enough away.
it’s the old directors who used their ability to screw the company out of the security over the loan and overpay theirselves then jump ship without any penalty that was completely wrong and borderline illegal/ malpractice / not in good faith. But they will just say shareholders authorised permission for it via votes at GL/egm/ agm/ Or it was all above board or allowed in the articles of association.
Forget the old, this is - or will be when issues resolved - a completely new play with new people.
Reddit - waste of time and high risk for anyone, I wouldn’t want anyone to buy In thinking this is anything other than a speculative play on a potential shell, probably oil and gas but could be anything or nothing.
It was different when egho was clearly shorting the stock while it was converting and buying pressure would have helped achieve less dilution
And a squeeze might have hampered their profits abut.
This doesn’t need ramping, just time and luck.