RE: Pens poised9 Mar 2024 12:32
Chicken oF course he means it.
The fact that he’s bought f all in shares in his own company! What’s that? An accident?
I respect your middle ground optimism, and I agree nobody will hold if they don’t believe theY can claw back losses but come on this has been a total car crash and they have feasted on it with payrises, options, expenses.
Yes it could multi bag but that’s because they have crushed sp and sentiment. 6p is multi from here - hardly an endorsement imO.
They have been outed as total clowns, charlatans, lifestylers who were sailing the AIM seas under a fake JV flag and now have a bIg problem on their hands with the cap structure, funding and the outsized dilutive headache they now possess. They bought this entirely on themselves as they weren’t content to steward Anza and protect the balance sheet. No they had other much riskier ideas with other peoples money and now everyone else (other than themselves) is going to pay for it big time.
These lot need boards like this which point out exactly how they are profiteering from their failure and allowing others to pay for their incompetence.
Incompetence is the most generous term I can use too.