RE: Selling Poly shares.4 Jul 2025 08:57
Drvv.
This boards function as I see it is to share ideas and to learn. The decision to promote POX2 did not it seems to me take into account other processes and simply compared it to the very worst then available. If you note, the proposal linked to is over six years old. POX is not to come on stream for another three years more. That's potentially nine years in total. other options would have been onstream by now.
As we all know, hindsight is a easy science.
This, as well as other decisions (the move to the AIX for example) have had major effects on stock price, (and not in a good way), including access to world finance and company visability. Now, one may say that these decisions were the best that could be made at the time, but what is also potentially true is that they have lead to our present situation, in a still backwater of the business world, with no access to build out finance other than it seems buy ins from a national wealth fund whose stated aims have been to take companies private, and almost certainly at the lowest possible cost to them. Decisions are being taken in my view to benefit that holder rather than the majority. We still seem to be sanctioned in respect to many shareholders accounts, and have non optimal shareholder representation.
Do you dispute those things?
Many companies have gone to the wall in far shorter timescales, have all the terms of the latest loans to the company been made public? Why were the details of the majority shareholder sale not?
Remember what happened to POG, a good company fell into the hands of a creditor for pennies in the pound for the want of finance options.
In the present business climate a few months can break a company, what effect can waiting yet another three years for a larger "pot of gold" have? It's clear that all shareholders would not be phased by that, some possibly even liking the prospect, but is it in the majority's interest?
As always.
GLASH.
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