What if they were serious?25 Jul 2017 09:49
And believed in themselves like they expect investors to believe in them?
Maybe made an announcement along the lines of;
“The BOD are pleased to confirm their confidence and commitment to KIN by announcing their personal investment in the company by purchasing £150,000 of newly issued shares at the current market value. Existing shareholders are also invited to purchase a further £150,000 of newly issued shares at the same value. Further, NW1, the major shareholder has proposed to match the BOD and shareholders commitment in purchasing £300,000 new shares at the same value. The newly issued shares will raise a combined amount of £600,000.
As a further sign of their confidence all board members have agreed to a 75% reduction in salary up until the end of 2017 in exchange for an equal payment by way of newly issued shares in the company at the end of the year.
These proposals along with other cost saving plans will offer financial security to the business up until the end of 2017.
In addition to the above proposals NW1 investments have offered guarantees’ of continued service to all existing and new clients to the company.
There will be a 4 hour open question and answer forum which will be divided in to 2 parts the first covering the previous 2 years performance and the second discussing the next 2 years prospects of KIN. The meeting will be held at the company’s offices on *** and all shareholders are invited.”
2016,
The above is not addressed to you so there is no need for you to comment.
Thank you.
PS, I’m off to the US again next week. Hope that is ok with you?
J
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