Future is delist?2 Jul 2019 11:14
Im sure GR doesnt want to delist, he makes 1000 quid a day from his wage, plus he owns a company that rents him his office space for over 100 grand a year. And bills prem for it.. all in the RNS yesterday, is this allowed under aim rules?
All in all, bet he takes home half a million a year?
So the SP on the floor doesn't matter as long as the company pays the wages.
Its very disapointing ARCM shares where sold with out informing the market, unless telling everyone buyed at the bottom of the report yesterday was the announcement
There was always the fear that GR would pay his personal loan back with these shares bought by the shareholder.
Then there are the circum shares... but they have been given to cash convertors ATM and they will want their money back soon and i bet tbey wont accept the zim monopoly money
Then theres the 300 grand overdraff.. well as anyone knows overdrafts are just a loan, which also has to be be paid back
Not to mention the possible investigation into the company that was mentioned yesterday
Then there is.... how many projecyts are listed on the wesite? 13 different projects!
https://www.premierafricanminerals.com/projects
Not one is near to making any money, infact most nothing is happening on.
One thing is clear from the RNS yesterday, GR has a clear intention of buying something else... where will the money come from?
One option: there are far too many shares out there and to dilute at this price would double the amount of shares so he could consolodate and dilute at the same time thus the Shareholder may get a bit confused about what has happened.
Or he could sell something off
Or he could buy some worthless thing in exchange for prem shares
Who knows...?
As long as the company keeps getting their wages then we wont delist.. dont know whats worse, delisting and lossing your money or the company still keps functioning, the BOD keeps its wages but the Shareholder never sees value or even get to a proce to get his money back... maybe the first one then at least its over!